Bank of America (BAC) — Company Research

Last Updated: 31 July 2026

Bank of America reported its strongest quarter in years on 14 July 2026 — diluted earnings per share of $1.21, up 34% year on year, on revenue of $31.6bn, up 15% — and followed it ten days later with a 14% dividend increase. The stock is trading close to its 52-week high as a result. This report works through what the filings show about how that result was produced, which parts of the bank are driving it, and what the FY2025 Form 10-K identifies as the risks. Every figure comes from Bank of America's own earnings releases and SEC filings, or from named market-data sources. There are no analyst opinions or price targets in it.

1. Company Snapshot

Field	Value
Ticker / Exchange	BAC, New York Stock Exchange
Sector	Financials — diversified banking (bank holding company and financial holding company)
Headquarters	Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina, USA
CEO / Leadership	Brian T. Moynihan, Chair of the Board and Chief Executive Officer, confirmed in post at the Q2 2026 results on 14 July 2026. Alastair M. Borthwick is Executive Vice President and Chief Financial Officer. Dean C. Athanasia and James P. DeMare hold the title Co-President.
Employees	211,304 at 30 June 2026 (213,207 at 31 December 2025), around 77% US-based
Revenue (FY2025)	$113,097m total revenue, net of interest expense
Net income (FY2025)	$30,509m; GAAP diluted EPS $3.81
Market cap	Approximately $440bn at 31 July 2026
Share price	$61.73 (close, 30 July 2026)
Dividend	$0.32 per share per quarter, raised 14% on 23 July 2026 from $0.28. FY2025 total declared $1.08.
Scale	Around 70 million clients, 3,530 US financial centres, 14,939 branded ATMs and roughly 60 million verified digital users at 30 June 2026. Total assets $3.499 trillion.

2. Bull & Bear Case

Bull Case

• Every segment is compounding at once: Q2 2026 delivered double-digit net income growth in all four reporting segments simultaneously, producing revenue of $31,558m and net income of $9,074m.
• The markets business has become a genuine growth engine: Q2 2026 sales and trading revenue of $7.1bn was up 33% and marked the seventeenth consecutive quarter of year-on-year growth, with Equities up 70% to $3.6bn.
• Net interest income is expanding again: NII rose from $56,060m in FY2024 to $60,096m in FY2025 and reached $15,997m in Q2 2026 alone, up 9% year on year, on a deposit base above $2.0 trillion.
• Capital return is accelerating from a position of strength: CET1 of 11.2% sits 120 basis points above the 10.0% requirement, and the bank returned $8.0bn in Q2 2026 alone while raising the dividend 14% and retaining roughly $17bn of a $40bn buyback authorisation.
• Operating leverage is real: Q2 2026 produced 6.6% positive operating leverage and an efficiency ratio of 59.02%, an improvement of 359 basis points, with ROTCE reaching 17.03% against a full-year FY2025 figure of 14.22%.

Bear Case

• The starting valuation is no longer depressed: at $61.73 the shares sit within 2% of the $62.99 52-week high, against a low of $44.75, so the re-rating has already happened and the stock trades above 1.5 times book.
• Trading revenue is the least durable part of the mix: Equities up 70% and investment banking fees up 50% in a single quarter is a cyclical peak signature, and Global Markets plus Global Banking together were 42.4% of FY2025 revenue.
• Credit costs are structurally higher than they were: the provision for credit losses swung from a $4,594m benefit in FY2021 to charges of $5,821m in FY2024 and $5,675m in FY2025, with FY2025 net charge-offs of $5,631m.
• Reported history has been restated: a Q4 2025 change in accounting for tax-related equity investments was applied retrospectively, restating FY2023 and FY2024 revenue and EPS, which makes any multi-year comparison against pre-2023 figures inexact.
• Regulatory and legal costs keep arriving: a $72.5m Epstein-related class action settlement in March 2026 and a $7.5m SEC penalty against Merrill Lynch for suspicious-activity-report failures in June 2026 are small individually but indicative of a persistent compliance drag.

3. Business Segments

Bank of America reports four business segments plus All Other. Segment results are stated on a fully taxable-equivalent basis, on which FY2025 total revenue was $113,706m; the percentages below are of that figure, from Note 22 of the FY2025 Form 10-K.

Segment	% of revenue	What it is
Consumer Banking	38.4%	Retail deposits, consumer lending, credit and debit cards, small business banking, mortgages, the financial-centre network and the Erica digital assistant. $43,673m of FY2025 revenue and $12,245m of net income — the largest single profit pool. Number one in US consumer deposits with 38.7m consumer checking accounts.
Global Wealth & Investment Management	21.9%	Merrill Wealth Management and Bank of America Private Bank — investment management, brokerage, banking, trust and retirement services. $24,883m of FY2025 revenue and $4,670m of net income, on $4.9 trillion of client balances and $2.3 trillion of assets under management at Q2 2026.
Global Banking	21.2%	Corporate, commercial and business banking, investment banking (advisory, debt and equity underwriting), Global Transaction Services and leasing. $24,108m of FY2025 revenue and $7,793m of net income. Banks 78% of the Global Fortune 500.
Global Markets	21.2%	Sales and trading in fixed income, currencies and commodities and in equities, market making, financing, securities clearing, research and risk-management products for institutional clients. $24,096m of FY2025 revenue and $6,111m of net income.
All Other	(2.7)%	Asset and liability management activities, liquidating businesses and unallocated expenses. Revenue of $(3,054)m in FY2025; substantially all ALM results are allocated out to the four operating segments.

4. Business Model & Moat

How it makes money. Two streams. Net interest income — $60,096m in FY2025, and 51% of Q2 2026 revenue — is the spread between what the bank earns on $3.5 trillion of assets and what it pays on $2.0 trillion of deposits and $399,842m of borrowings. Non-interest income comes from fees: asset management on $2.3 trillion of AUM, card interchange, investment banking fees of $2.1bn in Q2 2026, service charges and trading revenue of $7.1bn in the quarter. The first stream depends on rates and balance growth; the second depends on market activity and client wealth.

Where the moat sits. It is the deposit base. Bank of America holds the number one position in US consumer deposits, and the cost of those deposits is what makes the lending spread work — a competitor cannot replicate 3,530 financial centres, 38.7 million consumer checking accounts and roughly 60 million verified digital users at any price. Deposit franchises of this kind are sticky because switching a primary banking relationship is inconvenient rather than expensive, and that inconvenience is the moat. The second layer is regulatory: as a globally systemically important bank carrying a 3.0% GSIB surcharge, Bank of America operates inside a compliance perimeter that is a permanent barrier to new entrants.

How the segments feed each other. The design is deliberate. Consumer Banking gathers low-cost deposits and originates clients; Global Wealth & Investment Management monetises those clients as their assets grow; Global Banking serves the corporate side of the same relationships; Global Markets provides the institutional distribution that makes the investment bank credible. Client referral between segments is the reason the bank runs an integrated model rather than separate businesses.

What management is targeting. At its November 2025 investor day — the first in roughly fifteen years — the bank set out approximately 12% annual EPS growth over three to five years and a 16–18% ROTCE target, with the consumer bank aiming at $20bn of profit and wealth management growing revenue at twice the rate of expenses. Q2 2026 ROTCE of 17.03% is inside that target band. Executive pay has been aligned to it: Moynihan's 2025 award requires three-year average adjusted tangible book value growth of 10.5% and ROA of 90 basis points for a 100% payout, rising to 12.5% and 110 basis points for the 150% maximum — a level of net income the company has never achieved.

5. Financial Health

Figures are from Bank of America's quarterly earnings releases and supplemental information, and the FY2025 Form 10-K filed 25 February 2026. An important caveat: effective Q4 2025 the bank changed its accounting method for certain tax-related equity investments and applied the change retrospectively, restating FY2023 and FY2024. FY2021 and FY2022 have not been restated in any filing. The table uses restated figures for FY2023 to FY2025 and as-reported figures for FY2021 and FY2022; the mixed-basis comparison is flagged below.

Fiscal Year	Revenue ($m)	YoY %	GAAP EPS	Adjusted EPS	Dividend/share	Long-term debt (YE, $m)
FY2021	89,113	n/a ‡	$3.57	$3.57 †	$0.78	280,117
FY2022	94,950	+6.5%	$3.19	$3.19 †	$0.86	275,982
FY2023	102,769	+8.2% ‡	$3.05	$3.05 †	$0.92	302,204
FY2024	105,856	+3.0%	$3.19	$3.19 †	$1.00	283,279
FY2025	113,097	+6.8%	$3.81	$3.81 †	$1.08	317,816

† Bank of America does not report an adjusted or non-GAAP earnings per share figure. GAAP diluted EPS is repeated in the Adjusted EPS column for completeness. The bank's non-GAAP measures are return on average tangible common shareholders' equity, tangible book value per share, pretax pre-provision income, and revenue and net income excluding net DVA within Global Markets. ‡ FY2021 growth is not shown because FY2020 was not restated onto a comparable basis. FY2023's +8.2% compares restated FY2023 revenue with as-reported FY2022 revenue and therefore overstates the like-for-like change; on an as-reported basis FY2023 revenue was $98,581m, or +3.8%. Revenue throughout is total revenue, net of interest expense. Long-term debt excludes other short-term borrowings, which were $48,088m at the end of FY2025.

Quarter / Half	Revenue ($m)	Adjusted EPS	GAAP EPS
Q2 2026 (reported 14 Jul 2026)	31,558	$1.21 †	$1.21
Q1 2026 (reported 15 Apr 2026)	30,272	$1.11 †	$1.11
Q4 2025 (reported 14 Jan 2026)	28,367	$0.98 †	$0.98
Q3 2025	29,040	$1.04 †	$1.04
Q2 2025	27,443	$0.90 †	$0.90
FY2025 total	113,097	$3.81 †	$3.81

The sequential improvement is the point. Quarterly revenue has risen in every period from $27,443m to $31,558m, and EPS from $0.90 to $1.21, a 34% year-on-year increase. For the six months to 30 June 2026 revenue was $61,830m, net income $17,658m and diluted EPS $2.31 — already 61% of the full FY2025 EPS in half the time. Net interest income of $31,742m for the half compares with $60,096m for all of FY2025.

Credit quality has held. The Q2 2026 provision of $1,366m was below the $1,592m of Q2 2025, net charge-offs were $1,412m for a 0.47% ratio, and the allowance for credit losses stood at $14,264m, or 1.08% of loans, with non-performing loans at 0.47%. Capital and book value both moved the right way: CET1 of 11.2% against a 10.0% requirement, book value per share of $39.34 and tangible book value per share of $29.37, each up 7% year on year. The share count is shrinking meaningfully — weighted-average diluted shares fell from 8,558.4m in FY2021 to 7,680.9m in FY2025, and common shares outstanding were 7,017,967,460 at 30 June 2026.

6. Valuation

Raw metrics, July 2026. Not opinions on whether the stock is cheap or expensive.

Metric	Value
Market cap	~$440bn (Nasdaq, 31 Jul 2026). The company's own reported market capitalisation was $399,884m at 30 June 2026.
Enterprise value	~$610bn (market cap ~$440bn + total debt $399.8bn − cash and cash equivalents $229.7bn, per the 30 Jun 2026 balance sheet; total debt = short-term borrowings $59,979m + long-term debt $339,863m). For a bank this figure has limited analytical use, because borrowings and deposits are raw material rather than financing.
Trailing P/E (GAAP)	~14.2x (share price $61.73 / trailing twelve-month GAAP diluted EPS $4.34, being Q3 2025 $1.04 + Q4 2025 $0.98 + Q1 2026 $1.11 + Q2 2026 $1.21)
P/E (forward)	n/a — Bank of America does not issue specific EPS guidance. Its published medium-term framework is approximately 12% annual EPS growth and a 16–18% ROTCE target.
P/S (TTM)	~3.7x (market cap ~$440bn / trailing twelve-month revenue ~$119.2bn, being the four quarters from Q3 2025 to Q2 2026)
EV/EBITDA (TTM)	n/m for a bank. Computed mechanically it is ~15.2x (EV ~$610bn / EBITDA ~$40.0bn, being FY2025 pre-tax income $37,695m + D&A $2,314m), but interest expense is a cost of revenue for a lender rather than a financing charge, so EBITDA carries no meaning here. Price to tangible book value of ~2.10x is the standard substitute.
P/FCF	~34.9x on a mechanical basis (market cap ~$440bn / FY2025 operating cash flow $12,613m; capital expenditure is not separately disclosed and is immaterial for a bank). Treat as distorted: bank operating cash flow swings with trading and derivative balances and was negative $8,805m in FY2024.
Price/book	~1.57x on book value per share of $39.34, and ~2.10x on tangible book value per share of $29.37, both at 30 June 2026
52-week high	$62.99
52-week low	$44.75
Short interest (% of float)	1.37% (96,837,373 shares, MarketBeat, settlement date 15 Jul 2026, up 6.52% on the prior report)
Days to cover	2.9 days (MarketBeat, 15 Jul 2026, on average volume of 32.65m shares)

For banks the two multiples that carry information are price to tangible book and the return that justifies it. Bank of America trades at roughly 2.10 times tangible book while producing a 17.03% return on tangible common equity in the most recent quarter. Live price levels against the 52-week range are on the ChartsView Live Charts page.

7. What Are They Building

A markets franchise that no longer looks cyclical. Q2 2026 sales and trading revenue of $7.1bn was the seventeenth consecutive quarter of year-on-year growth — more than four straight years. Equities rose 70% to $3.6bn and FICC 9% to $3.5bn. Investment banking fees excluding self-led deals were $2.1bn, up 50%. The consistency of the streak is what distinguishes this from a single strong quarter, though seventeen quarters is still short of a full cycle.

A rebuilt consumer rewards architecture. BofA Rewards launched on 27 May 2026, absorbing the legacy Preferred Rewards programme. Roughly two million clients enrolled during Q2 2026, taking total enrolment to 13.3 million by 30 June. The economics of the consumer bank depend on deepening relationships rather than acquiring new ones, and rewards tiering is the mechanism.

Wealth management scale. Global Wealth & Investment Management ended Q2 2026 with $4.9 trillion of client balances and $2.3 trillion of assets under management, on FY2025 revenue of $24,883m. Management's stated aim is revenue growth at twice the rate of expense growth — this is the segment where operating leverage is expected to come from rather than headcount reduction.

Capital return under a favourable regulatory turn. On 4 February 2026 the Federal Reserve voted to maintain existing stress capital buffer requirements until 2027 while it consults on revised stress-test models, so the June 2026 stress test did not reset the requirement. On 19 March 2026 the OCC, Federal Reserve and FDIC jointly re-proposed the Basel III framework, formally rescinding the 2023 endgame proposal, with the agencies expecting system capital to decrease modestly. Bank of America's total CET1 requirement stands at 10.0% — 4.5% minimum plus a 2.5% stress capital buffer plus a 3.0% GSIB surcharge — against 11.2% actual. That 120 basis point cushion is what funds the $40bn buyback authorisation, of which roughly $17bn remained at 30 June 2026.

8. Peer Comparison

Peer	Market cap (July 2026)	Key 2025 metric
Bank of America (BAC)	~$440bn (31 Jul 2026)	FY2025 revenue net of interest expense $113,097m; net income $30,509m; diluted EPS $3.81; ROTCE 14.22%
JPMorgan Chase (JPM)	~$944bn (31 Jul 2026)	FY2025 net income $57,048m; total net revenue $182,447m; diluted EPS $20.02
Morgan Stanley (MS)	~$331bn (31 Jul 2026)	FY2025 net income $16,861m; diluted EPS $10.21
Goldman Sachs (GS)	~$305bn (31 Jul 2026)	FY2025 net revenues $58,283m; net income $17,176m; diluted EPS $51.32
Wells Fargo (WFC)	~$260bn (31 Jul 2026)	FY2025 total revenue $83,699m; net income $21,338m; diluted EPS $6.26; net interest income $47,484m
Citigroup (C)	~$227bn (31 Jul 2026)	FY2025 total revenues $85,225m; net income $14,306m; diluted EPS $6.99

Bank of America is the second-largest US money-centre bank by market value, well behind JPMorgan — which is approaching $1 trillion and earned $57,048m in FY2025 against Bank of America's $30,509m — but ahead of Morgan Stanley, Goldman Sachs, Wells Fargo and Citigroup. Market caps are from the Nasdaq quote service on 31 July 2026; FY2025 figures are from each bank's own annual filing.

9. Insider Activity

Form 4 activity in 2026 follows a routine pattern for a large bank: restricted stock units vest in mid-February and on 1 March, shares are withheld to cover tax, and several senior executives then sell part of what remains. There were no open-market purchases by Bank of America insiders in 2026 to 31 July. Chief Executive Brian Moynihan's beneficial holding has been unchanged at 2,699,612 shares since 1 March 2026. None of the Form 4 documents reviewed carried an explicit Rule 10b5-1 plan footnote, so plan type is recorded below as not disclosed.

Name	Date	Type	Shares	Price	Value	Plan Type
Geoffrey S. Greener (Chief Risk Officer)	05 May 2026	Open-market sale	126,756	$53.005	~$6.72m	Not disclosed
Dean C. Athanasia (Co-President)	03 Mar 2026	Open-market sale	136,558	$50.207	~$6.86m	Not disclosed
Bernard A. Mensah (President, International)	12 Mar 2026	Open-market sale	94,000	$46.943	~$4.41m	Not disclosed
James P. DeMare (Co-President)	04 Mar 2026	Open-market sale	83,832	$50.00	~$4.19m	Not disclosed
Alastair M. Borthwick (EVP & CFO)	27 Feb 2026	Open-market sale	68,000	$50.24	~$3.42m	Not disclosed
Sheri B. Bronstein (Chief People Officer)	05 Mar 2026	Open-market sale	60,000	$49.91	~$2.99m	Not disclosed
Thomas M. Scrivener (Chief Operations Executive)	05 Mar 2026	Open-market sale	50,000	$49.82	~$2.49m	Not disclosed
Brian T. Moynihan (Chair & CEO)	01 Mar 2026	RSU vesting, shares withheld for tax	395,504 acquired; 193,328 withheld	$49.83	~$9.63m withheld	Not disclosed
Brian T. Moynihan (Chair & CEO)	15 Jul 2026	Unit settlement, disposed to issuer	18,083	$61.59	~$1.11m	Not disclosed

The reading is straightforward. Chief Executive Brian Moynihan has not sold on the open market at all — the recurring 18,083-share monthly entries are settlement of previously awarded units disposed back to the company, and his holding has been flat since March. The discretionary selling sits one level below him, with roughly $31.1m disposed by named executives across 2026 to date, concentrated in the fortnight after the annual vest at prices between $46.94 and $53.01. Every one of those sales was struck below the current $61.73 share price. There were no insider purchases.

10. Key Risks

• Credit deterioration and reserve adequacy: the FY2025 10-K warns that economic or market disruptions and insufficient credit loss reserves may result in a higher provision for credit losses. FY2025 net charge-offs were $5,631m against an allowance of $14,264m, and the provision has run above $5.6bn for two consecutive years.
• Interest rate and market risk: the bank identifies that increased market volatility and adverse changes in financial or capital market conditions may increase its market risk, and that declining asset values may hit capital and liquidity positions. Net interest income of $60,096m is the single largest revenue line and is rate-dependent.
• Funding, liquidity and rating sensitivity: the 10-K flags that an inability to access capital markets, sustained net deposit outflows or higher borrowing costs would damage the competitive position, and that a credit rating reduction could trigger additional collateral or funding requirements. Long-term debt stood at $339,863m at 30 June 2026.
• Cybersecurity and third-party dependency: the bank and the third parties it relies on are subject to cybersecurity incidents, and the 10-K notes that emerging technologies including artificial intelligence may amplify threat-actor capabilities in ways that are difficult to anticipate.
• Regulatory capital and legislative change: US federal banking agencies may require increased capital and liquidity levels, and the 10-K notes that Federal Reserve hypothetical scenarios may affect stress test results and therefore the stress capital buffer. The Basel III framework was re-proposed on 19 March 2026 and is not yet finalised.
• Litigation and enforcement: the bank warns of significant financial and reputational harm from lawsuits and regulatory action. Recent instances include a $72.5m Epstein-related settlement on 27 March 2026 and a $7.5m SEC penalty against Merrill Lynch on 29 June 2026 for failing to file numerous suspicious activity reports between April 2020 and September 2024.
• Geopolitical exposure: operating across more than 35 jurisdictions brings political, economic, compliance and legal risk, with the 10-K specifically flagging escalation of US–China tensions including tariff increases.
• Model and data risk: the bank states it could suffer operational, reputational and financial harm if its models fail to properly anticipate and manage risk, and that failure to manage data could produce errors in operations, reporting and decision-making.

11. Recent Developments

• 06 Jan 2026 — retrospective accounting change restates prior years. An 8-K furnished revised supplemental information reflecting a change in accounting for certain tax-related equity investments, restating FY2024 revenue to $105,856m and EPS to $3.19, and FY2023 to $102,769m and $3.05.
• 14 Jan 2026 — FY2025 results. Full-year revenue $113,097m, up 7%; net income $30,509m; diluted EPS $3.81; ROE 10.59% and ROTCE 14.22%; CET1 11.4%. Q4 revenue was $28,367m with EPS of $0.98.
• 04 Feb 2026 — Federal Reserve holds stress capital buffers to 2027. The Board voted to maintain existing requirements pending public feedback on revised stress-test models, meaning the 2026 stress test did not reset Bank of America's buffer.
• 13 Feb 2026 — chief executive pay disclosed with raised hurdles. Moynihan's 2025 award comprised a $1.5m salary, no cash bonus and $39.5m of equity incentives. The board introduced a 150% maximum payout requiring three-year average tangible book value growth of 12.5% and ROA of 110 basis points, equating to roughly $37bn of annual net income — more than the company has earned in any year.
• 19 Mar 2026 — Basel III endgame formally re-proposed. The OCC, Federal Reserve and FDIC jointly issued three notices of proposed rulemaking rescinding the 2023 framework, with the Fed voting 6–1. The agencies expect overall system capital would modestly decrease. The comment period closed on 18 June 2026.
• 27 Mar 2026 — $72.5m Epstein-related settlement. The bank agreed to settle a class action brought by victims of Jeffrey Epstein alleging it facilitated his operation, while expressly denying and continuing to deny participation or facilitation.
• 15 Apr 2026 — Q1 2026 results. Revenue $30,272m, net income $8,584m, diluted EPS $1.11, ROTCE 16.00%, CET1 11.2%, tangible book value per share $28.84.
• 04 May 2026 — annual meeting. All twelve directors were elected and say-on-pay approved. Both shareholder proposals were defeated, including one seeking an independent board chair, which drew 1,719m votes for against 3,562m against.
• 24 Jun 2026 — 2026 Federal Reserve stress test results published. Banks absorbed more than $708bn of aggregate losses with capital falling only 1.6 percentage points. Bank of America's total CET1 requirement was confirmed at 10.0%, against 11.2% actual.
• 29 Jun 2026 — SEC penalises Merrill Lynch $7.5m. A settled administrative order found Merrill Lynch failed to file numerous suspicious activity reports from April 2020 through September 2024, because the transaction-monitoring system only investigated event groups scoring above a risk threshold. Merrill agreed to a cease-and-desist order and censure without admitting the findings.
• 14 Jul 2026 — Q2 2026 results, the strongest in years. Net income $9,074m and diluted EPS $1.21, up 34%; revenue $31,558m, up 15%; NII $15,997m, up 9%; ROTCE 17.03%; efficiency ratio 59.02%. Investment banking fees rose 50% and sales and trading 33%, with Equities up 70%. All four segments grew net income by double digits.
• 23 Jul 2026 — dividend raised 14%. The board declared a quarterly dividend of $0.32 per share, up from $0.28, payable 25 September 2026 to holders of record on 4 September 2026. In the first half of 2026 the bank repurchased $13.2bn of stock and paid $4bn of dividends, with roughly $17bn remaining under the $40bn authorisation in place since 1 August 2025.

12. Key Dates

• Expected Aug 2026 — Q2 2026 Form 10-Q filing. Not filed as at 31 July 2026; the Q1 2026 10-Q was filed on 1 May 2026.
• 04 Sep 2026 — record date for the raised $0.32 quarterly common dividend. Under T+1 settlement the ex-dividend date normally falls on the same business day, but the company does not publish it separately.
• 25 Sep 2026 — payment date for the $0.32 quarterly common dividend.
• 09 Oct 2026 — record date for the $1.75 per share dividend on the 7% Cumulative Redeemable Preferred Series B.
• 14 Oct 2026 — Q3 2026 results. Press release expected around 6:45am ET with the investor call at 8:30am ET. Officially announced.
• 23 Oct 2026 — payment date for the Preferred Series B dividend.
• 15 Jan 2027 — Q4 2026 and full-year 2026 results. Officially announced on 19 March 2026.
• 14 Apr 2027 — Q1 2027 results. Officially announced.
• 14 Jul 2027 — Q2 2027 results. Officially announced.
• Expected May 2027 — 2027 Annual Meeting of Shareholders. Not yet announced; the 2026 meeting was held on 4 May 2026.

Rate decisions and inflation prints move net interest income more than any company-specific event, and those are listed on the ChartsView Economic Calendar. You can discuss this research with other members in the ChartsView Forum.

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