Bank of America Misses Q3 Earnings Estimates as $1.2B Settlement Weighs on Results

Bank of America $BAC reported Q3 2026 adjusted revenue of $30.12 billion versus $30.69 billion expected, while adjusted EPS of $1.08 missed the $1.11 estimate.
Reported EPS fell 13% year over year to $0.91, with net income declining 17% to $6.9 billion. Results included a $1.2 billion regulatory settlement charge, equivalent to $0.17 per share.
Net interest income slightly exceeded expectations at $16.61 billion, supported by average loans and leases rising 6% to $1.23 trillion. However, weaker trading revenue and the settlement charge weighed on overall performance.