# Piper Sandler: Bank of America's core results were "much better than we and the consensus had expected" RBC Capital Markets: The bank reported strong earnings growth of 25% year-on-year for the first quarter.

*fintech · news · 2026-04-16 · Benzinga*

## Key points

- Bank of America's Q1 earnings per share beat consensus forecasts at $1.11 versus $1.01 expected.
- Management raised 2026 NII guidance to a 6%-8% growth range, up from 5%-7%.
- Piper Sandler increased BAC's 2026 EPS guidance from $4.24 to $4.52 and 2027 to $4.91.
- Total Q1 revenue of $30.3 billion was Bank of America's strongest in two years.

**Companies:** Bank of America
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/analyst-stock-ratings/analyst-color/26/04/51865806/bank-of-america-beats-q1-expectations-analysts-boost-price-targets)

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