- BofA’s FICC trading revenue excluding DVA was $2.55 billion, falling short of the estimated $2.86 billion.
- Equities trading revenue excluding DVA totaled $2.51 billion, below the expected $2.63 billion.
- The net interest income reached $16.45 billion, slightly above the estimated $16.24 billion.
- Revenue net of interest expense was $29.96 billion, missing the $30.76 billion estimate.
- Provision for credit losses was $1.27 billion, better than the anticipated $1.49 billion.
- Earnings per share (EPS) were reported at 91 cents.
- Return on average equity stood at 9.41%.
- Return on average assets was 0.79%.
- Return on average tangible common equity was 12.6%.
- The Basel III common equity Tier 1 ratio, fully phased-in advanced approach, was 12%, below the expected 12.4%.
- The standardized CET1 ratio was 10.9%, slightly under the expected 11.2%.
- Compensation expenses reached $10.97 billion, just under the predicted $11.08 billion.
- Investment banking revenue was $1.80 billion, surpassing the estimated $1.77 billion.
- Advisory fees were $471 million, below the forecasted $483.3 million.
- Debt underwriting revenue was $958 million, exceeding the anticipated $920 million.
- Total loans amounted to $1.25 trillion, slightly above the estimated $1.23 trillion.
- Total deposits were $2.04 trillion, meeting the estimated figure.
- Non-interest expenses totaled $19.72 billion.
- There are currently 24 buy ratings, 6 hold ratings, and no sell ratings for BofA.
Bank Of America on Smartkarma
Analyst coverage on Bank of America at Smartkarma showcases contrasting sentiments from independent researchers. In a report titled “Bears Press Hard: MOO Triples, GME Covers, MSFT Shorts Vanish” by ORTEX Market Intel, insights reveal bold moves by short sellers in the week of August 31. The report highlights a significant tripling of short interest in MOO within seven days, while Microsoft (MSFT) shorts nearly disappeared completely, and GameStop (GME) experienced rapid covering ahead of its September 8 earnings.
On the other hand, in a bullish perspective provided by Ξ±SK Primers in their report “Primer: Bank Of America (BAC US) – Aug 2026,” Bank of America is depicted as a crucial U.S. financial institution with a strong #2 position in domestic deposits. The report emphasizes the bank’s ‘Responsible Growth’ strategy, underpinned by disciplined risk management and strategic investments in technology like the AI-assistant Erica. Despite macroeconomic challenges, Bank of America’s diversified business model spanning Consumer Banking, Wealth Management, Global Banking, and Markets is seen as a source of resilient revenue streams, though verification is recommended before reliance on the information due to its AI-generated nature.
A look at Bank Of America Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of America Corporation, a financial institution offering a range of banking and investment services, is positioned well for long-term success according to Smartkarma Smart Scores. With above-average ratings in Value, Momentum, and Resilience, the company demonstrates strength in key areas essential for sustained growth and stability. While the scores for Dividend and Growth are not the highest, Bank of America’s overall outlook appears positive, supported by its solid performance in critical factors.
As per Smartkarma Smart Scores, Bank of America’s strong Value, Momentum, and Resilience ratings suggest a favorable long-term outlook for the company. Despite slightly lower scores in Dividend and Growth, the overall picture indicates a company with robust fundamentals and solid potential for future growth. With its diversified portfolio of financial and risk-management products, including mortgage lending and investment banking services, Bank of America is well-positioned to navigate market fluctuations and capitalize on emerging opportunities in the financial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
