Overview
- Bank of America posted $7.6 billion in quarterly net income and earnings of $0.98 per share, with net interest income up about 10% to roughly $15.8 billion as debit and credit card spending rose 6% and 90+ day card delinquencies declined.
- Wells Fargo reported $5.4 billion in Q4 profit and earnings of $1.62 per share, slightly missing estimates, as $612 million in severance costs weighed on results; the bank guided 2026 net interest income to about $50 billion.
- Citigroup’s Q4 profit fell roughly 13% to about $2.5 billion after a pre-tax charge of around $1.2 billion tied to the approved sale of its Russian unit, while investment-banking fees climbed 35% to $1.29 billion.
- BNY Mellon delivered record quarterly revenue and net income, beat expectations, and introduced a medium-term return on tangible common equity target of 28% following a year of stronger net interest income and fee growth.
- Across the sector, late-2025 loan growth accelerated and trading and dealmaking improved, with executives highlighting stable credit metrics and noting policy risks such as proposed caps on credit-card interest rates.