Bank of America Corporation delivered a near 20-year high earnings per share of $1.11, reflecting 25% year-over-year growth, and upgraded its fiscal 2026 net interest income growth outlook to 6–8%. The bullish thesis highlights that the bank is benefiting from a sustained higher-rate environment, with a low-cost deposit base of approximately $2.02 trillion providing a durable funding advantage. In the first quarter of 2026, Bank of America returned $9.3 billion to shareholders through $7.2 billion in buybacks and $2.0 billion in dividends, supported by a 16% return on tangible common equity and a CET1 ratio of 11.2%. The stock trades at 13.9 times trailing earnings and 1.45 times price-to-book, levels that the thesis argues do not fully reflect its improving earnings trajectory.
Bank of America CorpBank of America reported near 20-year high EPS of $1.11, 25% YoY growth, upgraded NII outlook, and strong capital returns.
Hartford Financial Services Group