# The bank reported on Wednesday that Q1 2026 net income was $8.6 billion, with earnings per share up 25% to $1.11.

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

## Key points

- Bank of America introduced Meeting Journey, an AI tool for its 18,000 financial advisors.
- The Meeting Journey tool creates client prep materials and serves as an AI notetaker in meetings.
- BofA invests $13.5 billion yearly in technology, allocating $4 billion to new initiatives like AI.
- BofA achieved record Q1 2026 revenue, driven partly by AI-enabled productivity and cost discipline.
- Morningstar raised Bank of America's fair value estimate to $65 per share, up from $58.

**Companies:** Bank of America, Corebridge Financial, Inc., Equitable Holdings, Inc., Cineverse
**Countries:** United States

[Read the full story on Fortune](https://fortune.com/2026/04/16/bank-of-america-18000-financial-advisors-new-ai-tool-company-record-quarter/)

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