Bank of America Corp (BAC) Q1 2026 (USD): EPS 1.11 (exp. 1.01), Revenue 30.3bln (exp. 29.92bln)
Bank of America's Q1 2026 earnings beat expectations in both EPS and revenue, indicating stronger-than-anticipated performance across several segments, particularly in equities trading.
British American Tobacco (BATS LN) AGM Statement: continues to expect performance at lower end of our guided range this year
Hamas asked to make additional changes to the disarmament proposal presented to it by the Peace Council, according to i24 News citing sources
Bank of America Corp (BAC) Q1 2026 (USD): EPS 1.11 (exp. 1.01), Revenue 30.3bln (exp. 29.92bln)
UK government says a three year GBP 879mln contract has been awarded to Boeing (BA) Defence UK to maintain and support military helicopters
PNC Financial Services Group Inc. (PNC) Q1 2026 (USD): adj. EPS 4.13 (exp. 3.91), Revenue 6.17bln (exp. 6.24bln), NII 3.96bln (exp. 3.97bln), NIM 2.95%, Net Fee Income 2.1bln, CET1 10.1%
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Revenue Breakdown:
- Wealth and investment 6.71bln (exp. 6.59bln).
- Trading 6.32bln (exp. 6.34bln).
- FICC trading 3.50bln (exp. 3.78bln).
- Equities trading 2.83bln (exp. 2.51bln).
- IB 1.84bln (exp. 1.73bln).
Key Metrics:
- Provision for credit losses 1.34bln (exp. 1.5bln).
- NII 15.75bln (exp. 15.37bln).
- Non-interest expenses 18.53bln (exp. 18.47bln).
Commentary:
- Saw healthy client activity, including solid consumer spending.
- Remain watchful of evolving risks.
- Indicating a resilient American economy.
- Discloses private credit portfolio finance of ~ USD 20bln.
- Loans secured by diversified pools of predominantly first lien private credit loans to middle market Cos. and large corporates.
This positive surprise reflects not only robust client activity and consumer spending but also suggests resilience in the broader U.S. economy, which could have implications for market sentiment and sector outlooks going forward.
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