Bank of America has reported a Q1 2026 net income of $8.6 billion with an EPS of $1.11, representing a 25% increase year-over-year.
Q1 revenue increased 7% year-over-year to $30.3 billion, and net interest income grew 9% year-over-year to $15.7 billion.
Investment banking exceeded expectations with a 21% increase to $1.8 billion, while Equities trading grew 30% to $2.83 billion.
In the release, CEO, Brian Moynihan, told investors, “Earnings per share rose 25% year-over-year, starting 2026 with strong momentum. Net income of $8.6 billion reflected the team’s disciplined execution. The team produced 290 basis points of operating leverage. This resulted in strong year-over- year improvement in returns on equity and assets. Revenue growth of 7% year-over-year included net interest income that was better than we expected, up 9%, as well as double-digit growth in sales and trading revenue, investment banking fees and asset management fees. We remain watchful of evolving risks. However, we saw healthy client activity, including solid consumer spending and stable asset quality, indicating a resilient American economy.”
Executive Vice President and CFO Alastair Borthwick, commented, “With our efficiency ratio improving nearly 170 basis points year-over-year to 61%, we once again demonstrated our flexibility to invest for growth, while practicing good expense discipline. Average deposits of more than $2 trillion grew for the 11th consecutive quarter, while loans were up 9% year-over-year, improving across every segment. In addition, our strong liquidity, and CET1 capital comfortably above regulatory requirements, helped enable us to return more than $9 billion to shareholders through common stock dividends and share repurchases. We believe our diversified business model, durable balance sheet and commitment to Responsible Growth continue to be sources of strength.”
Bank of America shares fell less than 1% following the announcement.
By CEO NA Editorial Staff
