BAC · Earnings call · 2026Q3T · Full report

Quarterly Earnings Performance

BANK OF AMERICA CORP /DE/ · 2026-10-14 · Importance 37 · Surprise 6 · No source text

On a normalized basis, Bank of America reported more than $8 billion of earnings across its diversified businesses. Management attributed approximately $3.5 billion to consumer banking, $2 billion to commercial lending, and $1.5 billion to wealth management. Those businesses generated strong revenue and organic-activity growth, alongside growth in deposits, loans, and net interest income, despite the AML penalty and weaker fixed-income markets mix.

Key facts

• On a normalized basis for the quarter, Bank of America earned $8 billion-plus: $3.5 billion in consumer, $2 billion in commercial lending, and $1.5 billion in wealth management.
• Excluding the regulatory settlement charge, net income was $8.1 billion, or approximately $1.08 per share.
• Total company revenue was approximately $30 billion, up around 3% year-over-year.
• Bank of America reported net income of $6.9 billion after tax for the third quarter.
• The markets business has done 17 or 18 quarters in a row of year-over-year growth.
• Bank of America reported earnings per share of $0.91 for the third quarter.
• Excluding the regulatory settlement charge, all other shows a loss of $153 million compared with a loss of $103 million a year ago.
• All other adjusted loss excluding the settlement charge was $153 million versus a loss of $103 million a year ago.

Impact estimates