Bank of America reports $6.9 billion profit after $1.2 billion settlement charge

Bank of America reported third-quarter 2026 net income of $6.9 billion, or $0.91 per diluted share, on $30.0 billion of revenue, while net interest income rose 8% year over year to $16.4 billion. Results included a $1.2 billion non-tax-deductible charge tied to consent orders announced October 13 by the OCC and FinCEN over aspects of the bank’s Bank Secrecy Act, anti-money-laundering and sanctions-compliance programs; excluding the charge, adjusted net income was $8.1 billion and adjusted EPS was $1.08. The bank also repurchased $6.0 billion of common stock and paid $2.2 billion in dividends during the quarter ended September 30, 2026.