Bank of America Q3 2026: $0.91 GAAP EPS, $1.08 adjusted
America
Bank of America (BAC) reported $6.9 billion of GAAP net income and $0.91 in diluted earnings per share for the third quarter ended September 30, 2026. Its October 14 release includes a $1.2 billion regulatory settlement charge.[1][2]
What the adjusted figure removes
Adjusted net income was $8.1 billion, excluding the settlement charge. This is a non-GAAP measure. The company attributes a $0.17 per-share impact to the charge.[1]
Interest income and the comparison
Net interest income rose 8% year over year to $16.4 billion on a GAAP basis. The $16.6 billion figure in the release uses a non-GAAP fully taxable-equivalent basis.[1]
For BAC research, compare earnings on the same accounting basis. Interest income improved, while the settlement reduced reported profit. Removing the charge from an adjusted measure does not erase its cost.[1]
BAC 13F fund activity
In 13F filings for the quarter ended Jun 30, 2026, 12 funds we track made a large change in BAC: 5 opened a position or grew one by half or more, and 7 cut one by half or more, 3 of them selling out completely.
- Millennium Management LLC cut 11,514,553 shares.
- Marshall Wace, LLP added 10,652,635 shares.
- Viking Global Investors LP sold all 4,494,629 shares, leaving no position.
- Two Sigma Investments, LP cut 4,023,757 shares.
- Himalaya Capital Management LLC sold all 2,997,987 shares, leaving no position.
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BAC Congress trades
2 members of Congress reported 3 trades in BAC dated in the last 180 days: 0 purchases and 3 sales. Congress reports a value range, not an exact amount.
- Rep. Laurel Lee (R) sold $50K-$100K on Aug 24, filed Oct 16.
- Rep. James A. Himes (D) sold $1K-$15K on Jul 20, filed Jul 20.
- Rep. Laurel Lee (R) sold $1K-$15K on Jun 2, filed Jul 19.
