Overview
- Bank of America reported Q4 net income of $7.6 billion, or $0.98 per share, edging past estimates as revenue rose 7% to $28.37 billion with net interest income up 10%.
- Wells Fargo posted Q4 profit of about $5.4 billion, or $1.62 per share, with results reduced by $612 million in severance; adjusted EPS of $1.76 exceeded forecasts as loans and deposits grew.
- Loan growth accelerated into year-end 2025, with Bank of America’s average loans up 8% and Wells Fargo’s commercial loans up 12%, supporting higher lending revenues across the sector.
- BNY Mellon delivered record revenue of $5.18 billion and net income of $1.47 billion, beat expectations, and set new medium-term targets including a 28% return on tangible common equity.
- Executives struck an optimistic tone for 2026, though they flagged policy risks such as President Trump’s proposed 10% cap on credit‑card rates, while Wells Fargo guided to roughly $50 billion in 2026 net interest income.