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Bank of America
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Latest analysis
Updated Oct 30, 2026
Bank of America Q3 2026: $1.2B AML Settlement Charge Masks Structural NII Recovery and Broad Credit Quality Improvement
A $1.2 billion non-tax-deductible regulatory settlement charge tied to BSA/AML and OFAC consent orders drove Q3 2026 net income down to $6.9 billion from $8.3 billion a year ago, but the underlying franchise is strengthening: NII rose to $16.4 billion on fixed-asset repricing and loan growth, commercial criticized exposure fell 20 percent year-to-date, and GWIM delivered its strongest nine-month net income on record at $4.3 billion. CET1 of 10.9 percent sits 90 basis points above the minimum requirement, with $6 billion of buybacks executed in Q3 alone under the $40 billion authorization.
Tone: mixedRevenue
$113.1B
BAC 10-K · FY 2025
Employees
213,000
Revenue FY2024
$105.9B
Founded
1904
Profile
BAC 10-K Item 1 · Feb 25, 2026Bank of America Corporation is a global financial holding company and bank holding company providing a full range of banking, investing, asset management, and risk management products and services. It serves individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments through four business segments. The corporation had $3.4 trillion in assets and approximately 213,000 employees as of December 31, 2025.
Read filing description ↓ Collapse description ↑
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. Through our various bank and nonbank subsidiaries throughout the U.S. and in international markets, we provide a diversified range of banking and nonbank financial services and products through four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets, with the remaining operations recorded in All Other. We operate our banking activities primarily under the Bank of America, National Association (Bank of America, N.A. or BANA) charter. At December 31, 2025, the Corporation had $3.4 trillion in assets and a headcount of approximately 213,000 employees. We operate in a highly competitive environment. Our competitors include banks, thrifts, credit unions, investment banking firms, investment advisory firms, brokerage firms, investment companies, insurance companies, mortgage banking companies, credit card issuers, mutual fund companies, hedge funds, private equity firms, and e-commerce and other internet-based companies, including merchant banks and companies providing nonbank financial services. We are increasingly competing with firms offering products solely over the internet and with nonfinancial companies, including firms utilizing emerging technologies, such as digital assets, rather than, or in addition to, traditional banking products.
Primary products
- Banking
- Investing
- Asset management
- Financial and risk management products and services
- Consumer banking products
- Wealth and investment management services
Business segments
End markets
Geographies
“We are increasingly competing with firms offering products solely over the internet and with nonfinancial companies, including firms utilizing emerging technologies, such as digital assets, rather than, or in addition to, traditional banking products.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue, net of interest expense, increased from $106.5 billion in 2024 to $113.7 billion in 2025, driven by growth in both net interest income and noninterest income across the corporation's major segments.
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