Bank Of America Corp

Bank of America delivered a standout first quarter for 2026, posting earnings per share of $1.11 and revenue of $30.27 billion as net income climbed 17% year-over-year to $8.58 billion, extending the company's streak of beating consensus EPS estimates to four consecutive quarters. The headline driver was a broad resurgence across virtually every revenue line: net interest income rose 9% to $15.74 billion on higher deposit and loan balances and fixed-rate asset repricing, while sales and trading revenue gained 13% to $6.39 billion and investment banking fees jumped 21% to $1.84 billion. Average deposits of $2.02 trillion grew 3%, marking the 11th consecutive quarter of sequential growth, and the credit card charge-off rate eased to 3.64% from 4.05% a year ago, signaling improving consumer health. The company returned $9.30 billion to shareholders through buybacks and dividends. Looking ahead, CEO Brian Moynihan acknowledged evolving risks tied to trade policy and interest rate shifts, noting that a 100 basis point rate decline could reduce net interest income by $2.00 billion over the next 12 months, though he described client activity as healthy and the broader economy as resilient.