BAC Furnishes earnings results (Ex. 99.1)
Summary
Bank of America Corporation announced its financial results for the first quarter ended March 31, 2026, on April 15, 2026. The company reported net income of $8.6 billion, marking a 17% year-over-year increase, and diluted earnings per share of $1.11, up 25% year-over-year (via Ex. 99.2). Total revenue for the quarter reached $30.3 billion, a 7% increase from the prior year (via Ex. 99.2). * Consumer Banking net income was $3.1 billion, with revenue up 5% to $11.0 billion (via Ex. 99.1). * Global Wealth and Investment Management reported net income of $1.3 billion, with revenue increasing 12% (via Ex. 99.1). * Deposits grew 3% to $2.0 trillion and loans increased 9% to $1.2 trillion (via Ex. 99.2).
Why It Matters
The company reported strong Q1 2026 financial results, with net income up 17% and EPS up 25% year-over-year (via Ex. 99.2), indicating significant growth and operational strength for investors.
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Key Quote
“, Bank of America Corporation (the "Corporation") announced financial results for the first quarter ended March 31, 2026, reporting first quarter net income of $8.”
— From Item 2.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000070858
- Filing Date
- Wednesday, April 15, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive