Bank of America, Morgan Stanley and BlackRock Report Q3 Earnings: BofA Profit Hit by $1.2 Billion Fine, Morgan Stanley EPS $3.03, BlackRock AUM Reaches $15.5 Trillion
Bank of America, Morgan Stanley and BlackRock each reported third-quarter 2026 results before the market open on October 14.
Bank of America posted net income of $6.9 billion, or $0.91 per share, with results including a charge related to the roughly $1.2 billion anti-money-laundering enforcement fine announced by the Treasury Department on Tuesday. On an adjusted basis, the bank earned $1.08 per share, on GAAP revenue of about $30 billion ($29.96 billion). CNBC reported that Bank of America's third-quarter profit fell 17 percent from a year earlier to $6.93 billion.
Morgan Stanley reported net revenues of $20.338 billion, up 11.6 percent from $18.224 billion a year earlier. Net income applicable to Morgan Stanley was $4.909 billion, or diluted earnings per share of $3.03, up from $2.80 a year earlier, and return on tangible common equity was 22.6 percent. Institutional Securities net revenues were $10.0 billion, including equity revenues of about $5.8 billion, while Wealth Management delivered record net revenues of $9.1 billion and $232 billion of net new assets in the quarter. Chairman and CEO Ted Pick said the firm delivered net revenues of $20.3 billion and EPS of $3.03, with Institutional Securities benefiting from global strength led by its equity franchise.
BlackRock reported revenue of $7.75 billion, up 19 percent from a year earlier. GAAP diluted EPS was $10.57, up 25 percent, with net income attributable to BlackRock of $1.66 billion; as-adjusted diluted EPS rose 38 percent to $15.93, and the as-adjusted operating margin was 47.8 percent. BlackRock generated $205 billion of total net inflows in the quarter and $869 billion over the trailing twelve months, ending the quarter with $15.49 trillion in assets under management, up 15 percent year over year; its iShares ETF franchise drew about $134.5 billion of the quarterly inflows. The firm repurchased $550 million of shares in the quarter.
Published by GSM · USA (original Chinese edition)
Photo: 图：纽约证券交易所外景与华尔街路牌（资料图）。Carlos Delgado／Wikimedia Commons，CC BY-SA
