WS Investor
16 Apr 2026, 09:38
Charlotte, April 15, 2026 — Bank of America reported first-quarter 2026 net income of $8.6 billion, with earnings per share rising 25% year-over-year to $1.11, supported by solid revenue growth and strong client activity.
Revenue increased 7% to $30.3 billion, driven by higher net interest income, which rose 9% to $15.7 billion, along with double-digit growth in trading, investment banking, and asset management fees. The bank highlighted continued momentum in consumer spending and stable asset quality, pointing to a resilient U.S. economy.
Across business segments, consumer banking generated $3.1 billion in profit on $11.0 billion in revenue, while global wealth and investment management earned $1.3 billion as client balances climbed to $4.6 trillion. Global banking delivered $2.1 billion in net income with investment banking fees up 21%, and global markets posted $2.0 billion in profit, supported by a 13% increase in trading revenue.
The bank maintained a strong balance sheet, with average deposits exceeding $2 trillion and loans growing 9% year-over-year. It returned $9.3 billion to shareholders through dividends and share buybacks during the quarter.
Revenue increased 7% to $30.3 billion, driven by higher net interest income, which rose 9% to $15.7 billion, along with double-digit growth in trading, investment banking, and asset management fees. The bank highlighted continued momentum in consumer spending and stable asset quality, pointing to a resilient U.S. economy.
Across business segments, consumer banking generated $3.1 billion in profit on $11.0 billion in revenue, while global wealth and investment management earned $1.3 billion as client balances climbed to $4.6 trillion. Global banking delivered $2.1 billion in net income with investment banking fees up 21%, and global markets posted $2.0 billion in profit, supported by a 13% increase in trading revenue.
The bank maintained a strong balance sheet, with average deposits exceeding $2 trillion and loans growing 9% year-over-year. It returned $9.3 billion to shareholders through dividends and share buybacks during the quarter.