Bank of America Posts Monster Quarter, Best in Nearly Two Decades

Thornton McEnery

Wed, April 15, 2026 astatine 10:57 AM CDT 5 min read

Bank of America conscionable posted its highest net per stock successful astir 2 decades, which is simply a unusual happening to execute successful a 4th defined by geopolitical chaos, tariff whiplash, and markets that couldn't determine whether to panic oregon rally connected immoderate fixed Tuesday. Brian Moynihan, the relentlessly dependable CEO who has ne'er erstwhile said thing that would marque a bully headline, took the triumph without blinking.

The numbers: $1.11 per stock versus the $1.01 estimate, $30.43 cardinal successful gross versus $29.93 cardinal expected, nett income up 17% to $8.6 billion. The slope bushed connected fundamentally each enactment that mattered.

The leader of the 4th was equities trading, which generated $2.83 cardinal successful revenue, up 30% and astir $350 cardinal up of estimates. When markets are successful chaos, idiosyncratic is making wealth connected the volatility, and successful Q1 that idiosyncratic was Bank of America's trading desk, which conscionable enactment up its champion 4th successful 15 years. Investment banking chipped successful too, up 21% to $1.8 billion. Net involvement income roseate 9% to $15.9 cardinal and bushed expectations. BofA had guided for 5-7% NII maturation (the magical constituent successful the each important NIM formula) this twelvemonth and raised that to 6-8% connected Wednesday. Fixed income was the 1 brushed spot, coming successful astir $330 cardinal beneath estimates, but that's a rounding mistake against the remainder of the scorecard.

The much telling information constituent is what didn't happen. The proviso for recognition losses came successful astatine $1.3 billion, beneath some past year's $1.5 cardinal and the Street's estimate. Borrowers are holding up. The nett charge-off ratio really improved.

BriMo told CNBC Wednesday that consumers are spending, recognition prime is "very bully and improving," and firm clients are utilizing their lines. "Right now, the U.S. companies and consumers are doing well," helium said. When said by the antheral with the saddest look connected partition street, that astir sounds hopeful.

• Bank of America (BAC) — The institution posted grounds net per share, driven by beardown equities trading, concern banking, and nett involvement income growth, indicating robust operational performance.

• JPMorgan Chase (JPM) — As a large diversified fiscal instauration with important trading and concern banking operations, JPMorgan Chase is apt to payment from akin marketplace conditions and beardown consumer/corporate recognition quality.

• Goldman Sachs (GS) — With a beardown absorption connected concern banking and trading, Goldman Sachs stands to summation from marketplace volatility and steadfast woody flow, mirroring Bank of America's occurrence successful these areas.

• Morgan Stanley (MS) — Similar to Goldman Sachs, Morgan Stanley's important concern banking and wealthiness absorption divisions would payment from the marketplace conditions and lawsuit enactment described.