Bank of America reports Q3 2026 earnings miss and modest revenue growth
+1 new source since this summary was written
Bank of America posted third‑quarter 2026 net income of $6.9 billion and diluted EPS of $0.91, both below analysts' expectations. Revenue rose 3% year‑over‑year to $30.0 billion, while adjusted net income, excluding a $1.2 billion regulatory settlement, was $8.1 billion with adjusted EPS of $1.08. Tangible book value per share increased from $26.39 to $29.14, a 5.1% annual rise, and the shares fell about 4% to $51.72 after the release.
Why it matters
The earnings miss and weaker revenue may pressure the stock, as noted by analysts who track tangible book value growth. The company’s adjusted earnings also fell short of the $1.13 EPS estimate, suggesting tighter profit expectations for the next quarter.
Key facts
- 1Net income for Q3 2026 was $6.9 billion. gurufocus.com
- 2Diluted EPS for the quarter was $0.91. gurufocus.com
- 3Revenue grew 3% year‑over‑year to $30.0 billion. gurufocus.com
- 4Adjusted net income, excluding a $1.2 billion regulatory settlement charge, was $8.1 billion. gurufocus.com
- 5Adjusted EPS, after the settlement charge, was $1.08. gurufocus.com
- 6Tangible book value per share rose from $26.39 to $29.14, a 5.1% annual increase over the last two years. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.