Bank of America Q1 2026 Earnings
Bank of America posted a 17% increase in quarterly profit, topping consensus estimates, with equities trading revenue surging 30% to a record high, according to Bloomberg and MarketWatch. The result places BofA alongside JPMorgan and other large US banks that have reported rising profits in the current quarter, each citing robust capital markets activity as a key driver.
CEO Brian Moynihan said consumer banking remained healthy, and described the broader US economy as resilient, language that will be scrutinised given ongoing uncertainty around trade policy and the interest rate outlook. Investment banking also contributed to the beat, reinforcing the trend seen across the sector of fee income compensating for any pressure on net interest margins.
The equities desk performance is notable: a 30% revenue increase to a record level suggests BofA captured significant client flow during a period of heightened market volatility. Whether that trading tailwind persists into subsequent quarters will be a key variable for full-year estimates.
Morgan Stanley was also scheduled to report earnings in the same period, with results awaited at the time of publication.
