Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Cheaper funding, not higher yields, lifted lending profit
Interest income fell, yet net interest income rose 8.0% because what the bank pays for funding dropped faster.
For investorsCan the spread keep widening as rates fall?
For foundersWhy a funding advantage outlasts a price advantage
Revenue rose 3.2%, but a settlement charge lifted costs enough to cut net income 16.8% from a year earlier.
Pretax income fell 13.9% while tax barely moved, because the filing says the settlement charge is not deductible.
Trading revenue fell sharply while lending spreads and client fees grew, so total revenue still rose.
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Business Lens describes Bank of America from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
