Bank of America tops estimates on better-than-expected net interest income

Summary

Leslie Picker reports that Bank of America's fourth-quarter results beat estimates on EPS and revenue, with net interest income also above expectations and 2026 NII guidance of 5-7% growth. CEO Brian Moynihan said he is bullish on the U.S. economy in 2026, pointing to resilient consumers and businesses and clearer regulatory, tax, and trade policy. The bank also showed improved credit trends, with lower charge-offs and provisions, and better-than-guided investment banking plus roughly 10% higher markets revenue.

• BofA Q4 EPS was $0.98, beating estimates by about $0.02.
• Revenue was $28.5 billion, up 7% year over year and above expectations.
• Net interest income rose 10% to $15.9 billion, also beating estimates.
• 2026 net interest income guidance is for 5-7% growth.
• CEO Brian Moynihan said he is bullish on the U.S. economy in 2026.
• Net charge-offs fell sequentially to 44 basis points and provisions declined.
• Investment banking was slightly better than guidance; markets revenue rose about 10%.