[Bank of America (BAC)](symbol placeholder) reported 2026Q3 NII of $16.45 billion , up 7.98% year over year . Annualising that quarter produces an illustrative $65.80 billion NII base; an 8% increase implies about $5.26 billion of incremental annual NII. The calculation is $65.796 billion × 8% = $5.264 billion .
Against that:
The $1.2 billion charge equals roughly 22.8% of that illustrative annual incremental NII.
Spread evenly through a year, the incremental NII would be about $1.32 billion per quarter , implying the charge could be economically recouped in roughly 0.91 quarter —before tax and other expense movements.
The charge was reported as non-tax-deductible and reduced Q3 profit by about $0.17 per share ; commentary characterized it as
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
