Bank of America targets at least 8% NII growth in 2027, backed by loan and deposit expansion, even as weaker fixed-income trading and settlement costs weigh.
All four of America's biggest banks raised their dividends this year, but the capital cushions backing those payouts vary far more than the yields suggest.
S&P 500® and Nasdaq hit fresh all-time highs, but market breadth remains exceptionally thin. Tech is the only sector at record levels. Initial Q3 results show robust strength, headlined by Micron's YoY EPS surge, yet sell-side estimate cuts recently outnumbered raises for the first time in months. Reports from major banks (JPM, WFC, C, GS, MS, BAC) will serve as a crucial real-time check on net interest income, loan demand, and overall consumer credit health.
The US's second-largest bank is protecting itself against powerful AI models. Bank of America hired 1,000 consultants to shore up cracks in its software that could be exploited.
Despite headline earnings misses by JPMorgan and Bank of America, Q3 results from these banks and their peers have been very strong. Interest rate volatility, alongside a potential deceleration in trading revenue from recent cyclical highs, is likely driving the weak post-earnings reactions.
Bank of America Corporation reported Q3 results missing consensus on both revenue and profit, triggering a notable share price decline. BAC's operational performance was mixed, with solid consumer banking and wealth management offset by weak investment banking fees and a $1.2B anti-money-laundering penalty. At ~$51 per share and ~11x earnings, BAC trades at a low absolute valuation but does not stand out versus peers like WFC and C.
Adjusted EPS of $1.08 fell short of estimates, while a $1.2 billion anti-money-laundering penalty weighed on sentiment today, Oct. 14, 2026.
Bank of America has been fined over $1.2 billion for violating anti-money-laundering and sanction laws.
Bank of America added 1,000 third-party consultants to support 3,000 internal staff in patching proprietary and vendor software flaws exposed by Anthropic's Mythos. Software patching combined with anti-money laundering compliance added hundreds of millions in third-quarter costs, which CEO Brian Moynihan expects to decline over time.
Bank of America NYSE: BAC reported third-quarter net income of $6.9 billion, or 91 cents a share, including a $1.2 billion non-tax-deductible regulatory settlement charge tied to anti-money-laundering matters. Excluding the charge, the bank said adjusted net income was $8.1 billion, or about $1.08 per share, up from a year earlier.
Bank of America's Q3 earnings miss estimates. Regulatory settlement, weak trading and IB revenues, along with rising costs, send shares down.
Although the revenue and EPS for Bank of America (BAC) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.