Bank of America Q3 2026: EPS $0.91 misses as $1.2 billion settlement charge hits
Bank of America earned $6.93 billion, or $0.91 a share, in Q3 2026 — below the $1.114 consensus because a $1.2 billion regulatory settlement charge landed in the quarter. Revenue rose 3.2% to $29.96 billion on an 8% jump in net interest income. Read the reported numbers first, then the adjusted $1.08 EPS, which still fell short of consensus.
1 · Expected vs. Actual
Free preview below$0.91 of GAAP earnings per share came in 18.3% below the $1.114 consensus, and even the adjusted $1.08 missed by 3.1%. The gap is almost entirely the $1.2 billion regulatory settlement charge, worth $0.17 a share and not tax-deductible. Strip it out and net income was $8.1 billion, with an adjusted return on tangible common equity of 14.9%.
Revenue of $29.96 billion was up 3.2% from $29.04 billion a year ago, but down 5.1% from Q2 2026's $31.56 billion. Net interest income did the work, rising 8% to $16.4 billion as the net interest yield climbed 15 basis points to 2.16%. Trading and deal fees went the other way: sales and trading fell 5.0% to $5.08 billion and investment banking fees dropped 11.0% to $1.8 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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