Bank of America Q3 2026 Earnings Report: Strong Performance Despite Regulatory Charges
Bank of America (BAC) reported third-quarter earnings for 2026 with a net income of $6.9 billion, or $0.91 per diluted share, which included a non-tax-deductible regulatory settlement charge of $1.2 billion. Adjusted net income reached $8.1 billion ($1.08 per diluted share), showing an increase from the same period in 2025. Revenue rose to $30.0 billion year over year due to higher net interest income and asset management fees, despite declines in investment banking and sales and trading revenue. The bank's loan portfolio grew by 6% year over year to $1.25 trillion, with deposits reaching $2.04 trillion. Wealth Management saw a significant increase of 13%, driven by higher market valuations and strong asset management flows. Global Markets revenue declined due to lower sales and trading activity in Fixed Income, Currencies, and Commodities (FICC). Noninterest expenses increased primarily because of the regulatory charge and investments in technology.
Tickers: $BAC
Topics: Banking Consumer Banking Net Income Revenue Growth Wealth Management