Bank of America profit falls after $1.2 billion regulatory penalty
Bank of America reported $30 billion in third-quarter 2026 revenue, up 3% year over year but below the $30.58 billion market consensus.
Net income declined to $6.9 billion from $8.3 billion, while GAAP EPS reached $0.91. Adjusted EPS of $1.08 missed analysts' $1.10 estimate. The reporting period ended September 30, 2026.
A $1.2 billion regulatory settlement related to anti-money-laundering compliance failures weighed on profitability. Net interest income increased 8% to $16.4 billion, while investment banking fees declined 11%. Bank of America shares fell approximately 4.2% in premarket trading following the earnings release.
| Metric | Actual | Consensus | YoY change |
|---|---|---|---|
| Revenue | $30.0B | $30.58B | +3% |
| Adjusted EPS | $1.08 | $1.10 | — |
| GAAP EPS | $0.91 | Not verified | Year ago: $1.04 |
| GAAP net income | $6.9B | Not verified | Approximately -17% |
| Net interest income | $16.4B | — | +8% |
| Regulatory settlement | $1.2B | — | — |
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