Bank Of America Corp.
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+ FollowMarket Cap$369.22B
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Earnings Call Q3 2026
October 14, 2026 - AI Summary
Core performance strong; diversified franchise powering growth (but Markets/IB weaker):
- Reported Q3 net income $6.9B and EPS $0.91.
- Excluding a $1.2B non-tax deductible regulatory settlement charge (~$0.17/share), adjusted net income $8.1B (~$1.08/share), up vs. last year.
- Management emphasized Main Street strength: higher loans and deposits, strong wealth management flows, and higher NII with better credit.
- Offsetting headwinds: sales & trading / investment banking revenues lower, though equities trading delivered a record quarter.
NII and guidance: improving trend; 2026 and 2027 expectations reiterated at higher levels:
- Net interest income (FTE) $16.6B, +8% YoY, + $450M QoQ; NII yield 2.16%, +15 bps YoY and +8 bps QoQ, moving toward 2.3% medium-term target.
- Deposit mix remains favorable (non-interest-bearing > 75% of YoY deposit growth) and deposit pricing discipline cited (deposit rate +3 bps to 1.49%).
- Outlook: expects NII to improve sequentially in Q4 and through 2027 (assumes modest loan/deposit growth and fixed-rate repricing).
- 2026 revised guidance: ~8% full-year NII growth (raised earlier in 2026 from 7%, then to 8%).
- 2027 outlook: NII growth ~8% or more; management said this does not assume that the Investor Day +200–300 bps operating leverage framework changes.
Balance sheet and capital: loans up; CET1 stable but distributions still continuing (including buybacks/dividends):
- Loans +$34B QoQ to $1.25T; 10 consecutive quarters of loan growth (commercial broadly strong; card balances ~+5%).
- Deposits $2.0T: + $14B QoQ / above $2T; funded loan growth by reducing securities balances and using higher deposits to cut short-term wholesale funding.
- Liquidity strong ($914B).
- CET1: 10.9%, down ~35 bps QoQ (impacts include higher funded/unfunded loans and $3B CET1 capital reduction), with TCE ratio stable.
- Capital return: $8.3B to shareholders in Q3 via dividends and $6B share repurchases (noted distributions exceeded net income due to the regulatory settlement).
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$-3.82
107.4% downside
Current Fair Value
107.4% downsideOvervalued by 107.4% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $369.22 Billion |
|---|---|
| Enterprise Value | $723.23 Billion |
| Annual dividend | $1.16 |
| Dividend yield | 2.32% |
| Earnings per Share | $3.88 |
| Beta | 1.21 |
| Outstanding Shares | 7,152,700,000 |
Return
| Return on Equity | 10.86% |
|---|---|
| Return on Assets | 0.94% |
| Return on Invested Capital | 1.21% |
Valuation & Multiples
| P/E Ratio | 11.74 |
|---|---|
| PEG | -64.73 |
| Price to Sales | 2.15 |
| Price to Book Ratio | 1.26 |
| Enterprise Value to Revenue | 4.15 |
| Enterprise Value to EBIT | 17.73 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.53 |
| Debt to Equity | 1.28 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 14, 2026
EPS Estimate
$1.10
Consensus analyst estimateRevenue Estimate
$30.58 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 13, 2027
EPS Estimate
$1.15
Consensus analyst estimateRevenue Estimate
$30.65 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.04, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0374▼ 104.95% |
|---|---|
| Total Calls | 1,095,541▼ 98.36% |
| Total Puts | 41,000▼ 99.94% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.84%▼ 71.83% |
|---|---|
| Total Invested | $14.07B▼ 95.42% |
| Investors Holding | 1,564▼ 2197.00% |
About Bank Of America Corp.
213,000 employees
CEO: Brian Moynihan
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial a...