Earnings summaries and quarterly performance for BANK OF AMERICA CORP /DE/.
Executive leadership at BANK OF AMERICA CORP /DE/.
Board of directors at BANK OF AMERICA CORP /DE/.
Arnold Donald
Detailed
Director
Clayton Rose
Detailed
Director
Denise Ramos
Detailed
Director
Joe Almeida
Detailed
Director
Linda Hudson
Detailed
Director
Lionel Nowell
Detailed
Lead Independent Director
Maria Martinez
Detailed
Director
Maria Zuber
Detailed
Director
Michael White
Detailed
Director
Monica Lozano
Detailed
Director
Pierre de Weck
Detailed
Director
Sharon Allen
Detailed
Director
Thomas Woods
Detailed
Director
Research analysts who have asked questions during BANK OF AMERICA CORP /DE/ earnings calls.
Betsy Graseck
Morgan Stanley
6 questions for BAC
Also covers: BK, C, GS +8 more
Gerard Cassidy
RBC Capital Markets
6 questions for BAC
Also covers: BK, BPOP, C +14 more
Erika Najarian
UBS
5 questions for BAC
Also covers: AXP, C, CFG +14 more
Glenn Schorr
Evercore ISI
5 questions for BAC
Also covers: APO, BEN, BK +14 more
John McDonald
Truist Securities
5 questions for BAC
Also covers: C, FHN, GRDN +6 more
James Mitchell
Seaport Global Holdings LLC
4 questions for BAC
Also covers: BK, C, EVR +9 more
Ken Usdin
Autonomous Research
4 questions for BAC
Also covers: BK, C, CFG +11 more
Matthew O'Connor
Deutsche Bank
4 questions for BAC
Also covers: C, CFG, FITB +11 more
Michael Mayo
Wells Fargo
3 questions for BAC
Also covers: BK, C, FITB +10 more
Mike Mayo
Wells Fargo
3 questions for BAC
Also covers: BK, C, CMA +11 more
Chris McGratty
KBW
2 questions for BAC
Also covers: C, CFG, FHN +13 more
Jim Mitchell
Seaport Global
2 questions for BAC
Also covers: C, EVR, JPM +2 more
Matt O'Connor
Deutsche Bank
2 questions for BAC
Also covers: JPM, KEY, MTB +5 more
Saul Martinez
HSBC
2 questions for BAC
Also covers: AXP, C, GS +6 more
Steven Chubak
Wolfe Research
2 questions for BAC
Also covers: AMP, AMTD, APO +17 more
Vivek Juneja
JPMorgan Chase & Co.
2 questions for BAC
Also covers: C, NTRS, STT +2 more
Christopher McGratty
Keefe, Bruyette & Woods
1 question for BAC
Also covers: ASB, BANC, C +33 more
Hang Leung
Wolfe Research
1 question for BAC
L. Erika Penala
UBS
1 question for BAC
Also covers: AXP, CFG, COF +9 more
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for BAC
Also covers: C, CFG, FCNCA +10 more
Recent press releases and 8-K filings for BAC.
Bank of America outlines 2026 economic outlook and growth priorities
BAC
Guidance Update
- CEO Brian Moynihan forecasts U.S. GDP growth of 2.4% in 2026, with consumer spending on the BofA platform up 4.3% y/y in November, and strong credit quality across consumer and SMB portfolios, supporting a constructive outlook for next year.
- The bank emphasizes its organic growth engine, highlighting 27 quarters of primary checking account growth, 8% commercial banking revenue growth, and targeted investments in employee banking, local markets, and wealth management capabilities following its recent investor day.
- Efficiency improvements aim to lower the efficiency ratio below 60% through rising net interest income, portfolio mix shifts, and AI-driven process automation—Erica and Copilot tools have already saved the equivalent of 11,000 FTEs and improved technology break/fix resolution by 50% in 60 days.
- Q4 expectations include ~4% investment banking fee growth for 2025, markets revenue up ~10% y/y, stable NII progression, and controlled expense growth of ~4%, driven by flat headcount and wealth management activity.
- Capital deployment plans target a 10.5% CET1 ratio with continued dividends and share buybacks, while regulatory relief from GSIB recalibration and Basel III endgame could free additional capital for growth.
5 days ago
Bank of America outlines strategy at Goldman Sachs U.S. Financial Services Conference
BAC
Guidance Update
- The CEO projects U.S. economic growth of 2.4% in 2026, noting consumer spending up 4.3% YoY in November and a K-shaped spending pattern across income terciles.
- Credit quality remains strong: consumer credit card charge-offs steady at 3.5%, mortgage and home equity portfolios show minimal delinquencies with average LTVs around 50%.
- Organic growth targets include 1 million new primary checking accounts annually and commercial loan growth of 8% YoY, alongside plans to recruit experienced wealth advisors to boost net new assets.
- Efficiency ratio expected to improve into the high 50% range over the next 8–12 quarters, aided by net interest income tailwinds and AI-driven process automation saving approximately 11,000 FTE equivalents.
- Capital plan aims for a 10.5% CET1 ratio by 2027, balancing dividends, buybacks and potential relief from pending Basel III endgame and G-SIB recalibration.
5 days ago
Bank of America presents 2026 economic outlook and growth targets
BAC
Guidance Update
Share Buyback
New Projects/Investments
- Bank of America projects U.S. GDP growth of 2.4% in 2026 and reports consumer spending up 4.3% year-over-year in November 2025, with credit quality remaining strong across consumer, small business and middle-market segments.
- Q4 2025 expectations include flat to slight decline in investment banking fees (~$1.5–1.6 billion) and ~10% year-over-year growth in markets revenues, marking the 15th–16th consecutive quarter of linked-quarter growth; net interest income progression remains on plan.
- At its recent Investor Day, the firm set targets for an efficiency ratio below 60% (into the high-50s), 200–300 bps operating leverage, and 16–18% ROTCE within 8–12 quarters, while keeping total headcount flat at ~213,000 through redeployment and tech hires.
- The bank maintains a 10.5% CET1 target, with dividend and share buyback programs deploying 100% of capital generated this quarter, and anticipates regulatory reforms (Basel III endgame, GSIB recalibration) to enhance excess capital.
5 days ago
BofA raises 2026 gold price target as gold hits record highs
BAC
Guidance Update
New Projects/Investments
- Gold futures climbed above $4,300/oz in October 2025, marking 35 new all-time highs and a 61% year-to-date rally in 2025.
- Bank of America lifted its 2026 gold price forecast to $5,000/oz (average: $4,400/oz), noting that a 28% growth in investment demand could push prices toward $6,000/oz.
- Blue Hat Interactive sold 123 kg of gold in H1 2025 for $4.87 million in profit and currently holds over 1 ton of gold (unrealized gains > $25 million since August 2024).
Nov 7, 2025, 2:00 PM
Bank of America raises profitability targets and plans U.S. expansion
BAC
Guidance Update
New Projects/Investments
- Bank of America raised its medium-term ROTCE target to 16–18% (up from mid-teens) and set an efficiency ratio goal of 55–59%
- Projects net interest income to grow 5–7% annually and EPS to rise at least 12% annually over the next five years
- Plans to expand into six additional U.S. cities by 2028, accessing $222 billion in deposits and covering 85% of U.S. households
- Aims to increase its investment banking fee share by 50–100 bps and boost trading revenue share to 9% (from 7.6%)
Nov 5, 2025, 8:48 PM
Bank of America outlines Investor Day 2025 growth strategy and guidance
BAC
Guidance Update
New Projects/Investments
- Bank of America presented a multi-year growth plan across its eight lines of business, emphasizing digital and AI investments: 49 million active digital users (79% adoption), 66% of sales via digital in Q3, and 500 million Erica interactions in 2025 year-to-date.
- Consumer & Wealth: consumer deposits at $947 billion (+34% since 2019) with $41.4 billion revenue and $10.8 billion net income in 2024; wealth management serves 2 million clients with $4.6 trillion AUM, $23 billion revenue, and a 25% pretax margin.
- Corporate & Commercial: corporate banking generated $10 billion revenue (+20% since 2019) with deposits up $210 billion since 2015; combined small & mid-market banking now covers 3.5 million client relationships, $200 billion deposits, $40 billion loans, and holds 27% share of mid-market companies.
- Expansion & productivity: plans to enter six new U.S. markets by 2027 (adding 2.4 million households and $222 billion deposits to reach 85% population coverage) and doubled the small/business salesforce; deploying AI tools to boost advisor and staff productivity.
- NII guidance: expects 6–7% net interest income growth in 2025 (including a $1.2 billion tailwind from fixed-rate asset repricing) and targets 5–7% CAGR over the next five years.
Nov 5, 2025, 2:00 PM
Bank of America outlines Investor Day 2025 strategic priorities
BAC
Guidance Update
New Projects/Investments
- Four growth pillars: integrated advice across client life cycles; strengthening local market presence; holistic relationships spanning personal, business, wealth, and workplace solutions; and reinvesting in digital and technology leadership to scale efficiently.
- Medium-term financial targets: 4–5% CAGR in deposits and loans, net interest yield recovery to 2.3–2.4%, and 16–18% RoTCE, underpinned by disciplined ~4% expense CAGR and AI-driven operating leverage.
- Technology and innovation investments: over $100 billion spent on technology over the past decade, with a $13 billion annual tech budget in 2025 (including $4 billion in code initiatives) and $1 billion per year in payments technology to enhance platforms like Erica and CashPro.
- Capital return and flexibility: CET1 ratio at 11.6% (vs. 10% requirement), with ~30% of earnings paid as dividends and remaining capital available for share buybacks, supporting continued client investment and shareholder returns.
Nov 5, 2025, 2:00 PM
Bank of America, JPMorgan predict Fed ending quantitative tightening this month
BAC
- Bank reserves dropped to approximately $2.93 trillion as of the week ending October 22, the lowest level since early January, highlighting rapid liquidity tightening.
- Strategists at JPMorgan and Bank of America now expect the Fed to halt its quantitative tightening (QT) process this month once reserves reach just-above-ample levels.
- The end of QT is forecast to ease funding pressures, potentially lowering Treasury yields and bolstering risk assets, with further policy rate cuts to 3.75%–4% likely.
- A government shutdown is limiting the Fed’s access to key economic data, complicating monetary policy decisions amid these shifts.
Oct 23, 2025, 5:31 PM
Bank of America redeems €1.75 billion 1.949% senior notes
BAC
Debt Issuance
- Bank of America will redeem on October 27, 2025 all €1,750,000,000 principal amount of its 1.949% Fixed/Floating Rate Senior Notes due October 27, 2026.
- The redemption price is €1,000 per €1,000 plus accrued and unpaid interest to, but excluding, the redemption date; interest will cease to accrue on that date.
- Payments will be made via Euroclear Bank and Clearstream Banking procedures; Citibank, N.A., London Branch serves as Principal Agent and Citibank Europe plc as Registrar.
- Following the redemption, Bank of America will request the FCA and London Stock Exchange to cancel listing and trading of the notes as soon as practicable.
Oct 17, 2025, 11:00 AM
Bank of America Redeems $2.5B 1.197% Senior Notes Due 2026
BAC
- Bank of America will redeem on October 24, 2025 all $2,500,000,000 of its 1.197% Fixed/Floating Rate Senior Notes due October 2026 at 100% of principal plus accrued and unpaid interest.
- Interest on the Notes will cease to accrue on the redemption date of October 24, 2025.
- Payment will be made through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. as trustee and paying agent.
Oct 16, 2025, 8:15 PM
Quarterly earnings call transcripts for BANK OF AMERICA CORP /DE/.
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