Bank of America reports $29.96 billion Q3 revenue

• Bank of America (NYSE:BAC) reported third-quarter 2026 adjusted earnings per share of $1.08, slightly below analyst expectations, following a $1.2 billion regulatory settlement charge.
• The bank reported net revenue of $29.96 billion and net income of $6.9 billion for the quarter.
• Excluding the regulatory charge, adjusted net income reached $8.1 billion.

Bank of America (NYSE:BAC) reported third-quarter 2026 financial results with adjusted earnings per share of $1.08, compared with analyst expectations of $1.10.

Reported earnings per share declined 13% year over year to $0.91, impacted by a $1.2 billion regulatory settlement charge related to consent orders with the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network.

The company reported net revenue of $29.96 billion, while full-time equivalent adjusted revenue was approximately $30.12 billion.

Net income totaled $6.9 billion, compared with adjusted net income of $8.1 billion excluding the regulatory charge.

Net interest income on a fully taxable equivalent basis was $16.61 billion, while provisions for credit losses totaled $1.27 billion.

Consumer Banking generated $11.57 billion in revenue, up 4% year over year, with net income of $3.5 billion.

Global Wealth & Investment Management revenue increased 13% to $7.12 billion, producing net income of $1.5 billion.

Global Banking revenue was $6.21 billion, while Global Markets revenue declined 6% to $5.87 billion.

Bank of America returned $8.3 billion to shareholders during the quarter, including $2.2 billion in common dividends and $6 billion in share repurchases.

The company ended the quarter with average loans and leases of $1.23 trillion, up 6% year over year, while average deposits increased 2% to $2.02 trillion.