Bank of America Earnings Preview: What to Expect

With a market cap of $387.9 billion, Bank of America Corporation (BAC) is one of the largest financial institutions in the United States. Operating through four main segments: Consumer Banking; Global Wealth & Investment Management; Global Banking; and Global Markets, it serves individual consumers, small and mid-sized businesses, large corporations, and governments worldwide.

The Charlotte, North Carolina-based company is set to release its fiscal Q3 2026 results before the market opens on Wednesday, Oct. 14. Ahead of this event, analysts expect the company to report an EPS of $1.17, up 10.4% from $1.06 in the prior year's quarter. It has surpassed Wall Street's bottom-line estimates in each of the past four quarters.

For fiscal 2026, analysts forecast the nation's second-largest bank to post adjusted EPS of $4.66, reflecting a 22.3% surge from $3.81 in fiscal 2025. 

Shares of Bank of America have risen 5.8% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 15.3% gain. However, the stock has outpaced the State Street Financial Select Sector SPDR ETF's (XLF) marginal return over the period. 

Bank of America shares rose 1.9% on Jul. 14 after the company reported Q2 2026 results above expectations, with net income rising to $9.1 billion, or $1.21 per share. Growth was driven by record trading performance, with sales and trading revenue jumping 33% to $7.1 billion and equities revenue surging 70% to $3.6 billion, while investment banking fees increased 50% to $2.1 billion amid strong deal activity. The company also raised confidence in its outlook, expecting full-year 2026 net interest income growth at the upper end of its 6% - 8% forecast range, supported by 9% year-over-year NII growth to $16 billion in Q2.

Analysts' consensus view on BAC stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 15 recommend "Strong Buy," four suggest "Moderate Buy," and six indicate “Hold.” The average analyst price target of $66.62 is a premium of 20.4% to current levels. 

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.