Bank of America Q3 Miss; BlackRock Surges
BofA missed on EPS and revenue, fell ~3.5% premarket after a $1.2B regulatory settlement charge hit results. BlackRock beat strongly, rising over 4% premarket on 19% revenue growth.
What we know
An account on X summarizes BofA Q3: adj. EPS $1.08 vs $1.16 est., revenue $29.96B vs $30.76B est., net income $6.9B. A $1.2B regulatory settlement dragged GAAP EPS to $0.91 (-13% YoY). Another account on X shows FICC trading at $2.55B (est. $2.86B) and equities at $2.51B (est. $2.63B) both missed. NII beat at $16.61B. Another account on X notes the stock fell 3.47% premarket. In contrast, another account on X reports BlackRock shares rose 4.12% premarket after Q3 revenue hit $7.75B (+19%) with adj. EPS of $15.93. Fastenal also beat across all metrics, up 15.5% YoY on revenue.
How the story developed
BofA missed on EPS and revenue, fell ~3.5% premarket after a $1.2B regulatory settlement charge hit results. BlackRock beat strongly, rising over 4% premarket on 19% revenue growth.
BlackRock delivered a strong Q3 2026 beat on EPS and revenue, with AUM at $15.49T and net flows of $205B, though AUM slightly missed estimates; the firm flagged AI infrastructure as a key theme.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.