Bank of America
Oct 11, 2026, 11:34 PM PDT
Shortcut
1.12Shortcut normalized EPS
+1.5% vs Street*
Street
1.10Street normalized EPS
Frozen October 11 snapshot
Real
1.08Issuer adjusted diluted EPS
Shortcut loss
Shortcut off by $0.04 · Street off by $0.02.
Scored against adjusted EPS of $1.08, excluding the regulatory settlement charge of $0.17 per share ($0.91 GAAP). Original forecasts remain unchanged; exact adjustment matching is not independently verified.
Issuer earnings release ↗Explore the model.
Open the assumptions and calculations behind this earnings forecast.
Behind the estimate.
Net interest income grows about 7% year over year, supported by segment earning assets and yields. The forecast follows the upper end of management’s annual growth guidance.
Investment-banking fees sit at the top of management’s guided range. Trading and wealth fees are modestly above guidance, offset in part by operating expenses and credit provisions.
Forecast and independent review: Opus 5.5 High in Shortcut.
Model assumptions and review notes
- The forecast assumes no normalized-to-GAAP EPS adjustments. Percentage comparison and scoring await verification of the Street’s normalized EPS definition.
- The forecast assumes normalized EPS equals GAAP. The provider’s normalization treatment has not been confirmed, so the score compares published values directly.
- Historical cash-flow comparatives retain a disclosed $119m period-basis exception because revised comparatives were unavailable. Some other derived cash-flow lines may also mix reporting bases.
- Trading and asset-management fee estimates sit above management’s guidance and remain judgmental assumptions.
On the record.
- Reporting period
- Q3 2026 (FQ3 2026), ended 2026-09-30
- Reporting basis
- Normalized diluted EPS per common share, USD ('Income Statement'!J321 = (J320 normalized NI to common + J302 Series L add-back) / J307 avg diluted shares); normalized = GAAP via zero bridge J315:J319 (unverified assumption).
- Published
- Oct 11, 2026, 11:34 PM PDT
- Model / effort
- Opus 5.5 · High effort
Original forecasts, models and publication times remain on the record.
Research sources
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac-06302026ex993.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000020/bac-12312025ex993.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000222/bac-03312026ex993.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000394/R7.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000249/R7.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000157/R9.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085825000405/R7.htm
- https://equibles.com/stocks/bac/calls/2026-q2
- https://www.americanbankingnews.com/2026/09/17/bank-of-america-sees-resilient-consumers-strong-loan-growth-and-rising-nii.html
- https://www.reuters.com/business/finance/bank-america-ceo-sees-least-10-drop-q3-investment-banking-fees-2026-09-14/
- https://stockanalysis.com/stocks/bac/transcripts/400429-q1-2026/
- https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm
- https://usmarketcurrent.com/q3-2026-scorecard-sp-500-up-2-russell-2000-down-7-5-energy-led-utilities-fell-13-10-year-up-87bp/
- https://skncbba.com/skn-bank-of-america-faces-q3-earnings-test-as-net-interest-income-growth-meets-credit-risks/
- https://trendandticker.com/markets/banks/bank-of-america-bac-q3-2026-earnings-preview-nii-target
- https://stockanalysis.com/stocks/bac/market-cap/
- https://kelo.com/2025/09/08/bofa-expects-investment-banking-fees-to-grow-10-to-15-in-3q/
- https://news.bloomberglaw.com/mergers-and-acquisitions/bofa-sees-investment-banking-fees-little-changed-this-quarter
- https://www.hudson-labs.com/research/bac-q2-2026-earnings
- https://www.sec.gov/Archives/edgar/data/70858/000007085825000187/bac033125ex991.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085825000254/bac063025ex991.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085825000390/bac093025ex991.htm
- https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm
- https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000222/bac03312026ex991.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac06302026ex991.htm
- https://www.sec.gov/Archives/edgar/data/70858/000007085826000364/exhibit991.htm
- https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000394/0000070858-26-000394.pdf
- https://www.reuters.com/business/finance/bank-america-pay-39-million-settle-customer-claims-over-low-interest-rates-cash-2026-09-30/
- https://www.americanbankingnews.com/2026/09/18/jpmorgan-chase-sees-mid-teens-growth-in-q3-banking-fees-and-markets-revenue.html
- https://insight.factset.com/sp-500-earnings-season-update-july-31-2026
- https://www.tikr.com/blog/bank-of-americas-eps-growth-is-expected-to-slow-from-36-to-single-digits-heres-what-october-14-needs-to-show
- https://www.tikr.com/blog/bank-of-americas-eps-growth-is-expected-to-slow-from-36-to-single-digits-heres-what-october-14-needs-to-show
- https://investor.bankofamerica.com/events-and-presentations/events/detail/20261014-q3-2026-bank-of-america-earnings-conference-call
- http://o.thsi.cn/dc-d-stock-america.teleconference/88b20aec-257b-fa1f-391e-d91eeb9f4ab0.html
- https://www.sec.gov/Archives/edgar/data/70858/000007085825000390/bac-09302025ex993.htm