The bank returned $8.3 billion to shareholders via dividends and share repurchases, while the CET1 ratio closed at 10.9%, below the expected 11.2%. Chair and CEO Brian Moynihan stated that the firm is turning scale into a competitive advantage through AI, with over 200,000 employees using AI tools across 300 approved use cases. Provisions for credit losses were $1.27 billion, coming in under the $1.49 billion forecast as loan growth pushed total balances to $1.25 trillion.
Tuesday, October 20, 2026
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Bank of America Misses Q3 Estimates on $1.2B Regulatory Charge
Earnings7 days ago
Adjusted earnings per share for the most recent quarter were $1.08 on revenue of $29.96 billion, trailing analyst projections of $1.16 and $30.76 billion. Bank of America's reported net income fell 17% year over year to $6.9 billion, including a $1.2 billion regulatory settlement charge that reduced profit by $0.17 per share. Despite the overall miss, net interest income reached $16.45 billion, beating the $16.24 billion estimate, and aggregate trading revenue excluding DVA hit $6.06 billion against a $5.41 billion forecast, though FICC and equities trading individually missed their targets.
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