-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
BAC posted an earnings beat of $1.11 vs. the $1.01 consensus and $0.91 a year ago, with revenue up 7.2% Y/Y to $30.3B due to 9.0% NII growth and non-interest income gains. Consumer banking revenue was up 5.0%, with consumer average loans and leases at $322B, up 2% from a year ago. Global Markets was a standout with 8% revenue growth to $7.1B, marking the 16th consecutive quarter of Y/Y growth, while Equities reached $2.8B revenue, up 30.0%. BAC returned $9.3B through dividends and share repurchases in Q1. Credit quality metrics remained robust, with the provision for credit losses falling to $1.3B and the net charge-off ratio improving to 0.48% from 0.54%. The CET1 ratio of 11.2% demonstrates a strong capital position above regulatory minimums. We think BAC faces more risk in traditional lending than capital markets, and while the consumer stays resilient, we may see credit card growth slow if job market challenges emerge. We believe geopolitical uncertainties present risks to BAC's 2026 performance outlook.