Bank of America
May 20, 2026
A Banner Quarter For US Profits
Market ReportEquitiesFXRates Govt BondsInformation TechnologyFinancials
BofA reports that 1Q26 earnings are tracking at 26% YoY growth, the highest since 2021, with strong guidance ratios suggesting a robust outlook despite geopolitical tensions.
Key Takeaways
- 1.S&P 500 1Q EPS growth is tracking 26% YoY, representing the highest growth rate since 2021.
- 2.EPS guidance has been robust, with a 1.6x ratio of above-consensus to below-consensus guides.
- 3.Consensus 2026 EPS growth expectations have risen significantly to 22%, driven by AI and commodity tailwinds.
Table of Contents
- Key takeaways
- Broad-based beat, with strong revisions & guidance
- Recent Publications
- Hard data: guidance trends supportive...
- AI arms race alive and well
- Mixed consumer outlook amid higher gas
- Notable Rates and FX Research
- Rates, FX & EM trades for 2026
- Disclosures
- Research Analysts
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Authors
Savita SubramanianVictoria RoloffOliver Levingston
Securities
SPXAMZNMETAMSFTNVDA
Themes
AI Infrastructure InvestmentK-Shaped Consumer RecoveryGeopolitical Sentiment Headwinds
Regions
North AmericaGlobalUnited States