Bank of America reported first quarter 2026 revenue of $30.3 billion, up 7% year-over-year, and diluted EPS of $1.11, up 25% year-over-year. The results were supported by growth in both net interest income and noninterest income, with strong performance in sales and trading, investment banking, and wealth management.
Key Highlights
- Net Interest Income (NII) grew 9% year-over-year to $15.7 billion, coming in slightly ahead of expectations.
- Sales & Trading revenue rose 13% to $6.4 billion, marking the 16th consecutive quarter of year-over-year growth, led by a 30% increase in Equities revenue.
- Investment banking fees increased 21% to $1.8 billion, indicating a significant rebound in activity.
- Global Wealth and Investment Management revenue grew 12% to $6.7 billion, driven by a 15% increase in asset management fees to $4.2 billion.