BAC · US
BAC.US Bank of America: latest print still Q2 — calendar set Q3 for Oct 14
Bank of America Second-largest US bank. No new P&L in this window; financials still Q2. Newsroom calendar sets Q3 for **2026-10-14** (~06:45 ET print / 08:30 ET call). Watch deposit costs, NIM, consumer credit.
Cite a section with a deep link, e.g. /en/r/bac-us-research#thesis
Snapshot
- Price
- USD 57.73
- Market cap
- USD 403.7B
- 2026-Q2 net revenue
- USD 31.6B
- PE TTM
- 13.3
As-of 2026-09-27 (weekly refresh; equities aligned to §A. Missing series are N/A/null. Not investment advice.)
Thesis
Bank of America (BAC) Second-largest US bank. Strength is the retail deposit base and rate-sensitive NII; IB trails JPM/GS. Watch deposit costs, NIM, consumer credit.
Business
Model: consumer/commercial NII + markets/IB. Flagships: Consumer Banking, Global Markets. Edge: deposits and branch reach. Strategy: digital, wealth attach, capital return. Entity: Bank of America Corporation.
Value chain
Retail-deposit platform. Risks: deposit remix, card cycle, markets infrastructure.
Corporate events
No new 8-K P&L in this window. The table only records the named Q3 calendar and the still-current Q2 print.
Corporate events
| Date | Phase | Event | Meaning |
|---|---|---|---|
| 2026-Q2 | 财报 | 最新正式打印仍为 Q2（SEC companyfacts 单季 frame） | 收入/净利图不停在未披露的 Q3 |
| 2026-10-14 | 日历 | Q3 FY26 出数 / 电话会（06:45 ET print / 08:30 ET call） | Bank of America newsroom, 2025-05-07 calendar |
Valuation
PB and NIM expectations anchor the multiple; TTM PE only on the latest quarter from gtimg.
Valuation snapshot
| Metric | Value | Note |
|---|---|---|
| TTM PE | 13.3 | 腾讯财经行情；历史季为 null |
| PB | 1.46 | 腾讯财经行情；银行主锚之一 |
| 股息率 | N/A | 未接入分红公告同源序列 |
| 现价 / 市值 | 57.73 / $403.69B | 2026-09-18 16:05:15 |
Valuation · ~3y
Interactive chart available in the reader.
~3y quarterly closes (Sina US daily resampled to quarter-end; gaps are null):
Share price · ~3y
Interactive chart available in the reader.
Financial trend (~24 months)
Net revenue Revenues and net income NetIncomeLoss from SEC companyfacts CYyyyyQn frames (single-quarter). Banks have no gross margin; the margin chart is quarterly NI / net revenue.
Net revenue · last 8Q
Interactive chart available in the reader.
Net margin · last 8Q (NI / net revenue)
Interactive chart available in the reader.
Net income · last 8Q
Interactive chart available in the reader.
Financial health (§A.7)
Watch CET1, liquidity and consumer ACL. Auditor opinion on the 10-K.
Financial health
| Item | Read-through | Note |
|---|---|---|
| 财务健康总评 | 银行口径：看资本与信贷成本 | 非工业净现金框架 |
| 经营现金流 | 见最新 10-Q | 银行 OCF 含交易/营运资金，波动大 |
| 资本 / 有息负债 | CET1 与批发融资见 10-Q | GSIB/区域行资本规则不同 |
| 流动性 | LCR / 现金及准备金见 10-Q | 存款搬家与市场流动性 |
| 审计意见 | 以最新 10-K 为准 | 持续经营强调事项如有会在年报披露 |
Operations
Volume: deposits/loans; price: NIM and card yield; cost: provisions and efficiency.
Key financial points
| Item | Value | As-of | Basis |
|---|---|---|---|
| 最新单季净营收 | $31.56B | 2026-Q2 | SEC Revenues CYyyyyQn |
| 最新单季净利润 | $9.07B | 2026-Q2 | SEC NetIncomeLoss CYyyyyQn |
| 近四季度净营收合计 | $117.36B | LTM | 单季加总，未年化调整 |
| 现价 / 市值 | 57.73 / $403.69B | 2026-09-18 16:05:15 | 腾讯财经 gtimg |
| TTM PE / PB | 13.33 / 1.46 | 最新季一点 | 无历史同源序列则仅最新点 |
Competition
No sourced quarterly deposit/IB-wallet share series — share charts stay null. Qualitative peers:
Peer comparison
| Company | Position | Quality (qual.) | Strength | Weakness |
|---|---|---|---|---|
| Bank of America | 消费+批发 | 中高 | 存款特许权 | IB 份额落后 |
| JPMorgan | 全能 | 高 | IB+清算 | 估值溢价 |
| Wells Fargo | 零售/商业 | 中 | 西部特许权 | 资产上限历史约束 |
| Citigroup | 跨境批发 | 中 | 国际网络 | 重组执行 |
Management
Core management (24m)
| Role | Name | Since | 24m change |
|---|---|---|---|
| CEO | Brian Moynihan | 2010 | 长期在任 |
| CFO | Alastair Borthwick | 2021 | 稳定 |
| 董事长 | Brian Moynihan | 2010 | 两职合一 |
Stability: Long-tenured, stable leadership.
Outlook
Near-term: Q3 FY26 print scheduled 2026-10-14 (06:45 ET print / 08:30 ET call). This pack does not pre-fill an undisclosed P&L. Medium-term: the tracking items above.
Scenarios
| Case | Condition | Read-through |
|---|---|---|
| Bull | NIM / credit / fees beat last 4Q | Upside revision |
| Base | Rates and credit near recent trend | Hold / track |
| Bear | Credit or IB/wealth fees deteriorate | Reassess |
Risks
Risks
| Risk | Level | Note |
|---|---|---|
| NIM / 存款成本 | 高 | 政策利率下行或存款定期化压缩息差 |
| 信用卡与消费信贷 | 高 | 失业率上行时损失滞后显现 |
| GSIB 资本 | 中 | 附加资本约束回购 |
| 市场业务波动 | 中 | FICC/股票交易量不稳定 |
| 营运科技事件 | 低 | 零售规模带来的系统中断尾部风险 |
Tracking
Check the next 10-Q / earnings release for:
- Q3 FY26 print scheduled 2026-10-14 (06:45 ET print / 08:30 ET call; Bank of America newsroom, 2025-05-07 calendar) — pack financials still stop at Q2 SEC frames; do not extrapolate
- NIM and NII
- Card net charge-offs
- CET1 / buybacks
- Average deposits
References
SEC companyfacts CIK 0000070858 — https://data.sec.gov/api/xbrl/companyfacts/CIK0000070858.json
Tencent Finance quotes (gtimg, 2026-09-18 16:05:15)
Sina US daily bars — https://finance.sina.com.cn/usstock/
CompaniesMarketCap bank ranking — https://companiesmarketcap.com/banks/largest-banks-by-market-cap/
Bank of America newsroom, 2025-05-07 calendar — https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/05/bank-of-america-announces-2026-financial-reporting-dates.html
Not investment advice. Filings over quotes; PE/PB are point-in-time, not a historical multiple curve.
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