Bank of America (NYSE:BAC) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Bank of America Corporation (NYSE:BAC) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.00 by $0.11, FiscalAI reports. The business had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS.

Here are the key takeaways from Bank of America’s conference call:

• Revenue +7% to $30.3B and EPS +25% to $1.11; management said every business segment grew revenue, earnings, loans and deposits in Q1 2026.
• Net interest income $15.9B (up 9% YoY) outperformed expectations and full-year NII growth guidance was raised to +6%–8% based on loan/deposit growth and repricing tailwinds.
• The firm delivered strong operating leverage (290 bps), improved efficiency (efficiency ratio 61%), and achieved a 16% ROTCE, reflecting disciplined expense management and targeted investments.
• Asset quality remained benign with net charge-offs and delinquencies down YoY, a provision of ~$1.3B and a modest reserve release driven by improvements in card and CRE office exposures.
• Capital and liquidity remain ample — CET1 at 11.2% (down 14 bps after $7.2B buybacks and $2B dividends) and global liquidity >$960B; proposed Basel III/G-SIB changes could modestly alter future capital requirements but final rules are pending.

Bank of America Stock Performance

Shares of BAC stock opened at $53.53 on Friday. Bank of America Corporation has a 12-month low of $36.49 and a 12-month high of $57.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $382.54 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23. The business has a 50 day simple moving average of $50.50 and a 200 day simple moving average of $52.24.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is currently 27.72%.

Insider Buying and Selling at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider directly owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 227,832 shares of company stock valued at $11,094,960 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Bank of America

A number of institutional investors and hedge funds have recently bought and sold shares of BAC. Sivia Capital Partners LLC boosted its stake in Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 6,174 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 25,143 shares in the last quarter. Quarry LP bought a new stake in shares of Bank of America in the 4th quarter worth $116,000. Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of Bank of America in the fourth quarter valued at $115,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Bank of America by 109.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,802 shares of the financial services provider’s stock valued at $99,000 after buying an additional 940 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

More Bank of America News

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Record Q1 results — BAC posted EPS $1.11 and roughly $30.3B revenue, driven by a jump in equities trading, stronger net interest income and $8.6B net income; management highlighted resilient consumer activity and strong wealth flows. Bank of America Posts Monster Quarter, Best in Nearly Two Decades
• Positive Sentiment: Analyst re-ratings and price target increases — Multiple brokerages (Goldman, Jefferies, Evercore, Keefe, Argus, HSBC, RBC, Baird) raised price targets or reiterated outperform/buy calls after the beat, signaling upside revision to consensus. Goldman Sachs Raises Price Target on BAC
• Positive Sentiment: Street sees re‑rating potential — UBS and other analysts called the quarter “clean” and suggested BAC’s results and momentum could support multiple expansion. Bank of America’s Q1 Results Could Support Re-Rating, UBS Says
• Positive Sentiment: Operational/strategic tailwinds — BofA rolled out an AI tool for its ~18,000 financial advisors and emphasized tech investments that could lift fee income and client retention. Bank of America’s 18,000 financial advisors just got a new AI tool
• Neutral Sentiment: Debt action — BofA announced redemption of €1.5B of senior notes due May 4, 2027; a straightforward liability management move with limited immediate credit impact but uses cash/ISS liquidity. Redemption of €1.5B Senior Notes
• Neutral Sentiment: Sector context — RBC and others noted strong capital‑markets performance industrywide in Q1, which helped BAC’s trading and IB fees but also concentrates earnings on volatile revenue streams. Big Banks Delivered Strong Capital Markets Performance in First Quarter, RBC Says
• Negative Sentiment: Macro/growth concerns — Recent BofA surveys show investors trimming growth expectations, a backdrop that can cap bank multiples if broader growth or risk appetite weakens. Investors slash growth views — BofA survey
• Negative Sentiment: Market reaction and volume — Despite the strong quarter and several price‑target raises, the stock decreased today, likely due to short‑term profit‑taking, lower-than-average volume and broader market/geopolitical noise that temporarily weighed on financials.

Analyst Upgrades and Downgrades

BAC has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on Bank of America from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Wells Fargo & Company upped their price objective on Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Autonomous Res dropped their target price on Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.90.

Bank of America Company Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.