BAC
The quarter showed up in a good suit
Bank of America rolled out its Q1 numbers and basically told Wall Street, “Relax, we’ve got this.” Earnings came in at $1.11 per share, ahead of the $1.01 consensus, while revenue climbed 7.2% year over year to $30.3 billion. For a bank, that’s the equivalent of showing up with both coffee and a backup coffee.
The real sauce: net interest income
The part analysts kept circling was net interest income, which held steady in what’s usually a sleepy, seasonally weak quarter. Management also nudged 2026 NII guidance up to 6%-8% from 5%-7%, which is the kind of quiet upgrade that can matter a lot if you’re trying to figure out whether the earnings engine still has room to run.
Wall Street did the predictable thing
Once the print hit, the analyst crowd did what analyst crowds do: they started polishing their price targets. Piper Sandler raised its target to $59, RBC stuck with an Outperform and $59 target, KBW lifted its target to $64, Truist moved to $61, and Evercore ISI went to $61. In other words, BofA didn’t just beat expectations — it convinced a few more people to squint at the upside.
Big picture: when a giant bank beats, raises guidance, and gets a chorus of higher targets in response, that’s not just a good headline — it’s the market saying the story may still have more chapters left.