fintech / news / / Fortune
The bank reported on Wednesday that Q1 2026 net income was $8.6 billion, with earnings per share up 25% to $1.11.
Bank of America introduced Meeting Journey, an AI tool for its 18,000 financial advisors.
KEY POINTS
- 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
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