Bank of America 3Q26 Financial Results October 14, 2026 ~PAGE-BREAK~ Solid client activity • Ending deposits of $2.04T grew 2% vs. 3Q25 • Ending loans and leases of $1.25T grew 7% vs. 3Q25 • GWIM assets under management (AUM) flows of $74B since 3Q25 Note: ROE stands for return on average common shareholders’ equity. ROTCE stands for return on average tangible common shareholders’ equity. GWIM stands for Global Wealth & Investment Management. 1 Diluted earnings per share (EPS).2 Represents a non-GAAP financial measure. For important presentation information, see slide 29.3 Represent non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, see note A on slide 26. For important presentation information, see slide 29.4 Common Equity Tier 1 (CET1) ratio at September 30, 2026, is preliminary.5 See note B on slide 26 for definition of Global Liquidity Sources (GLS). 3Q26 Highlights Net income Diluted EPS Efficiency ratio ROE ROTCE $8.1B $1.08 62% 11.1% 14.9% ($1.2B) ($0.17) +4 pts (1.7 pts) (2.3 pts) 3Q26 results included a $1.2B regulatory settlement charge in noninterest expense, which reduced earnings per diluted share by $0.17 $6.9B $0.91 66% 9.4% 12.6% Adjusted Moderated capital markets activity • Investment banking pipelines remain robust • Record year-to-date sales and trading revenue Strong balance sheet and capital return • CET1 ratio of 10.9% • Average GLS of $914B • Repurchased $6B of common stock Charge impact ~PAGE-BREAK~ Resilient Economic Outlook and Consumer Spend BofA Global Research CPI Inflation Estimates 2026 YTD Credit and Debit YoY % GrowthTotal spend up 7%; transactions up 4% 16% 13% 7% 5% 5% 3% 3% 7% 4% 6% 2% 1% $ Volume Transaction # GasEntertainmentTravel Retail Services Food Payment Spend and YoY % Growth $4.1T $4.3T $4.5T +4% +5% +5% 2023 2024 2025 BofA Global Research Real GDP Growth Estimates 1 As of October 2, 2026. E stands for estimate. GDP stands for gross domestic product. CPI stands for consumer price index.2 Total payments represent payments made from Bank of America accounts using credit card, debit card, ACH, wires, billpay, person-to-person, cash, and checks. 3 Includes consumer and small business credit card portfolios in Consumer Banking and GWIM. 4 Excludes credit and debit money transfers, charitable donations, and miscellaneous categories with immaterial volume. 4 4 2.8% 2.1% 2.1% 2.2% 3.2% 3.5% 3.3% 3.4% U.S. Global 2024 2025 2026E 2027E 3.0% 2.7% 3.3% 2.5% 3.2% 2.5% 3.0% 2.6% U.S. Global 2024 2025 2026E 2027E $3.4T $3.5T +5% +5% 2025 YTD 2026 YTD $ VolumeYoY % change ~PAGE-BREAK~ Record YTD sales and trading revenue Record 3Q Equities sales and trading revenue Record 3Q International revenue Grew average loans 5% YoY Added >200K net new Consumer checking accounts; completed 31 consecutive quarters of net growth Opened >1MM new credit card accounts, up 9% YoY Consumer investment assets up 14% YoY to $664B; 4.2MM accounts with $18B flows since 3Q25 15 consecutive quarters of YoY Small Business average loan growth 1 Includes credit cards across Consumer Banking, Small Business, and GWIM.2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and AUM in Consumer Banking. GWIM client balances include deposits, loans and leases, AUM, brokerage, and other assets.3 Investment balances include AUM, brokerage, and other assets.4 Includes net client flows across Merrill, Private Bank, and Consumer Investments.5 Total Corporation investment banking fees, excluding self-led. Continued Organic Growth in 3Q26 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets $6.9T total deposits, loans, and investment balances $85B total net wealth continuum client flows since 3Q25 $5.1T client balances, up 9% YoY; AUM balances up 12% YoY to $2.4T, with $74B flows since 3Q25 Grew average loans 13% YoY to $279B Added ~5K net new $500K+ relationships across Merrill and Private Bank Opened ~30K new bank accounts; 67% of clients have a banking relationship YTD investment banking fees of $5.8B, up 16% YoY Treasury service charges increased 10% YoY Grew average loans 8% YoY; over 6% growth in each business Grew average deposits 6% YoY ~PAGE-BREAK~ • Balance sheet remained strong –Average deposits of $2.02T increased $31B, or 2% –Average loans and leases of $1.23T increased $73B, or 6% –Average Global Liquidity Sources of $914B –CET1 capital of $198B –CET1 ratio of 10.9% decreased 37 bps vs. 2Q26; well above regulatory minimum –Paid $2.2B in common stock dividends and repurchased $6.0B of common stock • Net income $6.9B; • EPS $0.91; • ROE 9.4%, ROTCE 12.6% –Excluding the regulatory settlement charge, adj. net income $8.1B; adj. • EPS $1.08; adj. • ROE 11.1%, adj. • ROTCE 14.9% • Revenue, net of interest expense, of $30.0B ($30.1B FTE) increased $0.9B, or 3%, reflecting higher net interest income (NII) and asset management fees, as well as lower sales and trading revenue and investment banking fees –NII of $16.4B ($16.6B FTE) increased $1.2B, or 8%; net interest yield of 2.16% increased 15 bps –Noninterest income of $13.5B decreased $0.3B, or 2% • Provision for credit losses of $1.3B was relatively flat vs. 3Q25 and declined $0.1B from 2Q26 –Net charge-offs (NCOs) decreased to $1.3B from $1.4B in both 3Q25 and 2Q26 • Noninterest expense of $19.7B; efficiency ratio of 66% –Excluding the regulatory settlement charge, adj. noninterest expense of $18.5B; adj. efficiency ratio of 62% Note: FTE stands for fully taxable-equivalent basis.1 Represent non-GAAP financial measures. For important presentation information, see slide 29.2 Represent non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, see note A on slide 26. For important presentation information, see slide 29.3 See note B on slide 26 for definition of Global Liquidity Sources.4 CET1 ratio at September 30, 2026, is preliminary. 3Q26 Highlights(Comparisons to 3Q25, unless otherwise noted) ~PAGE-BREAK~ Balance Sheet Metrics 3Q26 2Q26 3Q25 Basel 3 Capital ($B) 3Q26 2Q26 3Q25 Assets ($B) Common equity tier 1 capital $198 $202 $203 Total assets $3,428 $3,499 $3,403 Standardized approach Total loans and leases 1,251 1,218 1,166 Risk-weighted assets (RWA) $1,824 $1,792 $1,751 Cash and cash equivalents 250 230 247 CET1 ratio 10.9 % 11.2 % 11.6 % Total debt securities 842 869 936 Advanced approaches Carried at fair value 346 363 405 Risk-weighted assets $1,650 $1,613 $1,546 Held-to-maturity, at amortized cost 496 506 531 CET1 ratio 12.0 % 12.5 % 13.1 % Supplementary leverage Funding & Liquidity ($B) Supplementary Leverage Ratio 5.5 % 5.5 % 5.8 % Total deposits $2,039 $2,025 $2,002 Long-term debt 319 340 311 Global Liquidity Sources (average) 914 947 961 Equity ($B) Common shareholders' equity $272 $276 $276 Common equity ratio 7.9 % 7.9 % 8.1 % Tangible common shareholders' equity $202 $206 $206 Tangible common equity ratio 6.0 % 6.0 % 6.2 % Per Share Data Book value per common share $39.26 $39.34 $37.72 Tangible book value per common share 29.14 29.37 28.16 Common shares outstanding (in billions) 6.92 7.02 7.33 Balance Sheet, Liquidity, and Capital(EOP basis unless noted) • Loans and leases of $1.25T grew $34B, or 3%, vs. 2Q26 • Deposits of $2.04T grew $14B, or 1%, vs. 2Q26 • CET1 ratio of 10.9% decreased 37 bps vs. 2Q26 –CET1 capital of $198B decreased $3B –Standardized RWA of $1.82T increased $32B • Average Global Liquidity Sources of $914B • Book value per share of $39.26 improved 4% vs. 3Q25; tangible book value per share of $29.14 improved 3% Note: EOP stands for end of period. Amounts may not total due to rounding.1 See note B on slide 26 for definition of Global Liquidity Sources.2 Represent non-GAAP financial measures. For important presentation information, see slide 29.3 Regulatory capital ratios at September 30, 2026, are preliminary. Bank of America Corporation (Corporation) reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach at September 30, 2026 and September 30, 2025, and the Tier 1 capital ratio under the Standardized approach at June 30, 2026. 4 Effective 4Q25, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of 3Q25. ~PAGE-BREAK~ $947 $945 $951 $957 $949 472 474 480 489 485 475 471 471 468 464 Low-interest and noninterest checking Other deposits 3Q25 4Q25 1Q26 2Q26 3Q26 $0$250$500$750$1,000 +3% (2%) Average Deposit Trends YoY+2% Note: Amounts may not total due to rounding.1 Includes Global Markets and All Other. YoY+0.1% Global Banking Deposits ($B) Consumer Banking Deposits ($B) Total Deposit Rate Paid (bps)Total Deposits ($B) 178 146 149 58 48 51 249 202 207 280 223 227 Total Consumer BankingGWIM Global Banking 3Q25 4Q25 1Q26 2Q26 3Q26 $632 $656 $648 $652 $669 148 154 154 153 157 483 502 493 498 512 Noninterest-bearing Interest-bearing 3Q25 4Q25 1Q26 2Q26 3Q26 $0$200$400$600$800 $1,991 $2,013 $2,017 $2,023 $2,022 947 945 951 957 949 632 656 648 652 669 277 279 287 282 279 136 132 132 133 126 Consumer Banking Global Banking GWIM Other 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $750 $1,500 $2,250 +0.1% +1% +6% +6% +6% YoY+6% 1 (7%) ~PAGE-BREAK~ $473 $478 $480 $483 $488 262 263 263 263 264 101 103 103 104 106 110 113 114 116 118 Home lending Consumer credit card Direct / indirect and other 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $200 $400 $600 +1% +5%+8% Average Loan and Lease Trends YoY+6% YoY+3% Note: Amounts may not total due to rounding.1 Includes residential mortgage and home equity.2 Includes auto lending, securities-based lending, and other. Commercial Loans and Leases ($B) Consumer Loans and Leases ($B) Total Loans and Leases by Portfolio ($B)Total Loans and Leases ($B) $473 $478 $480 $483 $488 $680 $692 $709 $733 $738 Consumer Commercial 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $300 $600 $900 $680 $692 $709 $733 $738 421 433 443 459 461 154 153 158 165 164 66 67 69 70 73 22 22 23 23 24 U.S. commercial Non-U.S. commercial Commercial real estate U.S. small business Commercial lease financing 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $300 $600 $900 $1,153 $1,171 $1,190 $1,217 $1,226 320 323 322 321 321 388 386 397 413 419 246 257 262 270 279 191 198 201 205 201 Consumer Banking Global Banking GWIM Global Markets All Other 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $500 $1,000 $1,500 +0.2% +13% +8% +5% 1 +10% +6%+10% YoY+8%+7% 2 ~PAGE-BREAK~ • Net interest income of $16.4B ($16.6B FTE) – Increased $1.2B from 3Q25, driven primarily by higher loan and deposit balances, higher NII related to Global Markets (GM) activity, and fixed-rate asset repricing • Increased $0.5B vs. 2Q26, driven primarily by one additional day of interest accrual, fixed-rate asset repricing, higher NII related to GM activity, and loan growth • Net interest yield of 2.16% increased 15 bps from 3Q25 and 8 bps from 2Q26, reflecting higher NII and a more efficient balance sheet –Excluding GM, net interest yield of 2.65% increased 17 bps vs. 3Q25 and 8 bps vs. 2Q26 • Estimated impact to NII relative to the baseline forecast over the next 12 months from parallel shift of the September 30, 2026 forward interest rate yield curve: –+100 bps above curve: +$1.4B higher NII –-100 bps below curve: ($1.9B) lower NII Net Interest Income (FTE, $B) Net Interest Income Note: Amounts may not total due to rounding.1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $2.0B, $1.9B, $1.9B, $1.8B, and $1.5B and average earning assets of $869.4B, $885.9B, $874.3B, $820.3B, and $813.2B for 3Q26, 2Q26, 1Q26, 4Q25, and 3Q25, respectively. The Corporation believes the presentation of NII and net interest yield excluding Global Markets provides investors with transparency of NII and net interest yield in core banking activities. For important presentation information, see slide 29.2 As of September 30, 2026. NII asset sensitivity represents banking book positions using behavioral deposit changes. See note C on slide 26 for information on asset sensitivity assumptions. Net Interest Yield (FTE) 2.01% 2.08% 2.07% 2.08% 2.16% 2.48% 2.54% 2.55% 2.57% 2.65% Reported net interest yield Net interest yield excl. GM 3Q25 4Q25 1Q26 2Q26 3Q26 1.50% 2.00% 2.50% 3.00% $15.4 $15.9 $15.9 $16.2 $16.6 $15.2 $15.8 $15.7 $16.0 $16.4 Net interest income (GAAP) FTE adjustment 3Q25 4Q25 1Q26 2Q26 3Q26 $0.0 $6.0 $12.0 $18.0 Net Interest Income Mix (FTE, $B) $15.4 $15.9 $15.9 $16.2 $16.6 $13.9 $14.2 $14.0 $14.2 $14.6 NII excl. GM GM NII 3Q25 4Q25 1Q26 2Q26 3Q26 $0.0 $6.0 $12.0 $18.0 1 ~PAGE-BREAK~ • 3Q26 noninterest expense of $19.7B included a $1.2B regulatory settlement charge and increased $2.4B vs. 3Q25 and $1.1B vs. 2Q26 • Excluding the regulatory settlement charge, adjusted noninterest expense of $18.5B • Increased $1.2B, or 7%, from 3Q25, driven by revenue-related expenses and investments in technology and brand • Declined $0.1B, or 1%, from 2Q26, driven by lower revenue-related expenses and lower marketing costs, partially offset by investments in technology $17.3 $17.4 $18.5 $18.6 $19.7 10.5 10.6 11.3 11.0 11.0 $6.8 6.8 7.2 7.6 7.5 Compensation and benefits Other Regulatory settlement charge 3Q25 4Q25 1Q26 2Q26 3Q26 $0.0 $10.0 $20.0 60% 61% 61% 59% 62% 66% 3Q25 4Q25 1Q26 2Q26 3Q26 50% 60% 70% Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency 10Note: Amounts may not total due to rounding.1 Represent non-GAAP financial measures. For more information and reconciliations to the most directly comparable GAAP measures, see note A on slide 26. For important presentation information, see slide 29. 1.2 $18.5 1 ~PAGE-BREAK~ Asset Quality 1 Net charge-off ratio is calculated as annualized net charge-offs divided by average outstanding loans and leases during the period. Excludes loans measured at fair value.2 For more information on reserve build (release), see note D on slide 26.3 Allowance for loan and lease losses ratio is calculated as allowance for loan and lease losses divided by loans and leases outstanding at the end of the period. Excludes loans measured at fair value.4 Reservable criticized utilized exposure rate is calculated as reservable criticized utilized exposure divided by reservable utilized exposure at the end of the period. Excludes loans measured at fair value. Provision for Credit Losses ($MM) Net Charge-offs ($MM) $1,295 $1,308 $1,337 $1,366 $1,269 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $500 $1,000 $1,500 $2,000 $1,367 $1,287 $1,409 $1,412 $1,349 0.47% 0.44% 0.48% 0.47% 0.44% Net charge-offsNet charge-off ratio3Q25 4Q25 1Q26 2Q26 3Q26 $0$500$1,000$1,500$2,000 0.00%0.25%0.50%0.75%1.00% 11 • Total net charge-offs of $1.3B vs. $1.4B in both 3Q25 and 2Q26 –Consumer net charge-offs of $997MM were relatively flat vs. 3Q25 and declined $43MM from 2Q26 • Credit card charge-off rate of 3.22% in 3Q26; charge-off rate and both early- and late-stage delinquencies improved vs. 3Q25 –Commercial net charge-offs of $352MM declined $37MM vs. 3Q25 and $20MM vs. 2Q26 –Net charge-off ratio of 0.44% vs. 0.47% in both 3Q25 and 2Q26 • Provision for credit losses of $1.3B was relatively flat vs. 3Q25 and declined $0.1B from 2Q26 • Net reserve release of $80MM in 3Q26 vs. $72MM in 3Q25 and $46MM in 2Q26 • Allowance for loan and lease losses of $13.0B represented 1.04% of total loans and leases –Allowance for credit losses of $14.2B included $1.2B for unfunded commitments • Nonperforming loans and leases of $5.5B increased $0.2B from 3Q25 and decreased $0.2B from 2Q26 • Commercial reservable criticized utilized exposure of $19.9B declined $6.4B vs. 3Q25 and $2.2B vs. 2Q26 –Reservable criticized utilized exposure rate of 2.49%; lowest since 4Q19 1 ~PAGE-BREAK~ Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios $389 $295 $350 $372 $352 0.23% 0.17% 0.20% 0.20% 0.19% Small business C&I Commercial real estateCommercial NCO ratio3Q25 4Q25 1Q26 2Q26 3Q26 $0 $200 $400 $600 0.00% 0.20% 0.40% 0.60% $978 $992$1,059$1,040$997 0.82% 0.82% 0.89% 0.86% 0.81% Credit card OtherConsumer NCO ratio 3Q25 4Q25 1Q26 2Q26 3Q26 $0 $400 $800 $1,200 0.00% 0.50% 1.00% 1.50% Commercial Metrics ($MM) 3Q26 2Q26 3Q25 Provision $346 $357 $437 Reservable criticized utilized exposure 19,906 22,074 26,332 Nonperforming loans and leases 2,934 3,161 2,816 % of loans and leases 0.39 % 0.43 % 0.41 % Allowance for loans and leases $4,835 $4,868 $4,800 % of loans and leases 0.64 % 0.67 % 0.70 % Commercial excl. small business NCOs $220 $235 $255 % of loans and leases 0.12 % 0.13 % 0.16 % Consumer Metrics ($MM) 3Q26 2Q26 3Q25 Provision $923 $1,009 $858 Nonperforming loans and leases 2,610 2,590 2,531 % of loans and leases 0.53 % 0.53 % 0.53 % Consumer 30+ days performing past due $4,584 $4,498 $4,494 Fully-insured 415 420 439 Non-fully-insured 4,169 4,078 4,055 Consumer 90+ days performing past due 1,431 1,461 1,470 Allowance for loans and leases 8,170 8,246 8,452 % of loans and leases 1.66 % 1.69 % 1.78 % # times annualized NCOs 2.07 x 1.98 x 2.18 x12 3 Note: Amounts may not total due to rounding.1 Excludes loans measured at fair value.2 Fully-insured loans are FHA-insured loans and other loans individually insured under long-term standby agreements.3 C&I includes commercial and industrial and commercial lease financing. ~PAGE-BREAK~ Consumer Banking 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note E on slide 26. For important presentation information, see slide 29. 2 Cost of deposits calculated as annualized noninterest expense as a percentage of total average deposits within the Deposits sub-segment.3 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and AUM in Consumer Banking.4 Includes consumer credit card portfolios in Consumer Banking and GWIM.5 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit).6 Clients enrolled in BofA Rewards include legacy Preferred Rewards clients and new enrollments since launch of BofA Rewards on May 27, 2026. New client enrollment as of September 30, 2026, is preliminary and includes clients in Consumer and GWIM.7 As of August 2026. Represents households with consumer bank login activities in a 90-day period. Inc / (Dec)Summary Income Statement ($MM) 3Q26 2Q26 3Q25 Total revenue, net of interest expense $11,572 $236 $406 Provision for credit losses 1,045 (115) 36 Noninterest expense 5,833 32 258 Pretax income 4,694 319 112 Pretax, pre-provision income 5,739 204 148 Income tax expense 1,173 79 28 Net income $3,521 $240 $84 Key Indicators ($B) 3Q26 2Q26 3Q25 Average deposits $948.6 $957.0 $947.4 Rate paid on deposits 0.51 % 0.48 % 0.58 % Cost of deposits 1.51 1.50 1.46 Average loans and leases $321.0 $321.1 $320.3 Net charge-off ratio 1.41 % 1.48 % 1.39 % Net charge-offs ($MM) $1,139 $1,183 $1,122 Reserve build (release) ($MM) (94) (23) (113) Consumer investment assets 664.4 639.5 580.4 Active mobile banking users (MM) 42.6 42.1 41.3 % Consumer sales through digital channels 71 % 70 % 66 % Number of financial centers 3,531 3,530 3,649 Combined credit / debit purchase volumes $265.7 $266.1 $245.2 Total consumer credit card risk-adjusted margin 6.74 % 6.47 % 7.48 % Return on average allocated capital (ROAC) 31 29 31 Allocated capital $45.5 $45.5 $44.0 Efficiency ratio 50 % 51 % 50 % 13 • Net income $3.5B; • ROAC 31% • Revenue of $11.6B increased 4% from 3Q25, driven primarily by higher net interest income • Provision for credit losses of $1.0B increased $36MM vs. 3Q25 –Net reserve release of $94MM vs. $113MM in 3Q25 –Net charge-offs of $1.1B were relatively flat vs. 3Q25 • Noninterest expense of $5.8B increased 5% from 3Q25, driven by investments in technology and brand –Efficiency ratio 50% • Average deposits of $949B increased $1B from 3Q25 –59% of deposits in checking accounts; 92% are primary accounts –Added >200K net new consumer checking accounts in 3Q26 • Average loans and leases of $321B increased $1B from 3Q25 –Average credit card loans of $106B increased $5B, or 5%, vs. 3Q25 • Combined credit / debit card spend of $266B increased 8% from 3Q25 • Consumer investment assets of $664B grew $84B, or 14%, vs. 3Q25, driven by higher market valuations and $18B of net client flows from new and existing clients • 17.6MM clients enrolled in BofA Rewards; ~4MM new enrollments in 3Q26 • 80% of households digitally active ~PAGE-BREAK~ • Net income $1.5B; • ROAC 28% • Revenue of $7.1B increased 13% from 3Q25, driven by higher asset management fees, reflecting higher market valuations, strong AUM flows, and higher net interest income • Noninterest expense of $5.0B increased 9% from 3Q25, driven primarily by revenue-related incentives –Pretax margin improved to 29% • Client balances of $5.1T increased 9% vs. 3Q25, driven by higher market valuations and strong AUM flows –AUM flows of $20B in 3Q26; $74B since 3Q25 • 67% of clients have a deposit or lending relationship –Average deposits of $279B increased $2B, or 1%, vs. 3Q25 –Average loans and leases of $279B increased $33B, or 13%, from 3Q25 • Added ~5K net new $500K+ relationships across Merrill and Private Bank in 3Q26 • 87% of GWIM households / relationships digitally active across the enterprise Global Wealth & Investment Management 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note E on slide 26. For important presentation information, see slide 29. 2 Represents GWIM relationships with login activities in a 90-day period. Merrill includes households with $250K+ in investable assets, excluding stock plan and banking-only households. Private Bank includes relationships with $3MM+ in total balances; includes third-party activities and excludes irrevocable trust-only, institutional philanthropic, and exiting relationships. Private Bank as of August 2026. Inc / (Dec)Summary Income Statement ($MM) 3Q26 2Q26 3Q25 Total revenue, net of interest expense $7,118 $247 $806 Provision for credit losses 17 6 13 Noninterest expense 5,048 72 426 Pretax income 2,053 169 367 Pretax, pre-provision income 2,070 175 380 Income tax expense 513 42 92 Net income $1,540 $127 $275 Key Indicators ($B) 3Q26 2Q26 3Q25 Average deposits $278.9 $281.6 $276.5 Rate paid on deposits 2.07 % 2.02 % 2.49 % Average loans and leases $278.6 $270.3 $245.5 Net charge-off ratio 0.02 % 0.01 % 0.01 % Net charge-offs ($MM) $13 $9 $8 Reserve build (release) ($MM) 4 2 (4) AUM flows 20.0 13.7 23.5 Pretax margin 29 % 27 % 27 % Return on average allocated capital (ROAC) 28 26 26 Allocated capital $22.3 $22.3 $19.8 14 ~PAGE-BREAK~ Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities.2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note E on slide 26. For important presentation information, see slide 29. Inc / (Dec)Summary Income Statement ($MM) 3Q26 2Q26 3Q25 Total revenue, net of interest expense $6,205 ($31) $16 Provision for credit losses 210 (5) (59) Noninterest expense 3,250 51 206 Pretax income 2,745 (77) (131) Pretax, pre-provision income 2,955 (82) (190) Income tax expense 755 (21) (36) Net income $1,990 ($56) ($95) Selected Revenue Items ($MM) 3Q26 2Q26 3Q25 Total Corporation IB fees (excl. self-led) $1,799 $2,138 $2,013 Global Banking IB fees 971 1,154 1,155 Business Lending revenue 2,179 2,061 2,236 Global Transaction Services revenue 3,040 2,920 2,739 Key Indicators ($B) 3Q26 2Q26 3Q25 Average deposits $668.6 $651.9 $631.6 Average loans and leases 418.9 413.4 388.5 Net charge-off ratio 0.20 % 0.23 % 0.26 % Net charge-offs ($MM) $209 $231 $250 Reserve build (release) ($MM) 1 (16) 19 Return on average allocated capital (ROAC) 15 % 15 % 16 % Allocated capital $54.3 $54.3 $50.8 Efficiency ratio 52 % 51 % 49 % 15 • Net income $2.0B; • ROAC 15% • Revenue of $6.2B was relatively flat vs. 3Q25, as higher net interest income and treasury service charges were offset by lower investment banking fees –Total Corporation investment banking (IB) fees (excl. self-led) of $1.8B decreased 11% vs. 3Q25 –Treasury service charges increased 10% vs. 3Q25 • Provision for credit losses of $210MM vs. $269MM in 3Q25 –Net charge-offs of $209MM decreased $41MM vs. 3Q25 –Net reserve build of $1MM vs. $19MM in 3Q25 • Noninterest expense of $3.3B increased 7% vs. 3Q25, driven by investments in the business, including people and technology –Efficiency ratio 52% • Average deposits of $669B increased $37B, or 6%, from 3Q25 • Average loans and leases of $419B increased $30B, or 8%, from 3Q25 ~PAGE-BREAK~ Global Markets 1 The explanations for current period-over-period changes for Global Markets are the same for amounts including and excluding net DVA.2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities.3 Represent non-GAAP financial measures. Reported fixed income, currencies, and commodities (FICC) sales and trading revenue was $2.6B, $3.5B, and $3.1B for 3Q26, 2Q26, and 3Q25, respectively. Reported Equities sales and trading revenue was $2.5B, $3.6B, and $2.3B for 3Q26, 2Q26, and 3Q25, respectively. See note F on slide 26 and slide 29 for important presentation information.4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note E on slide 26. For important presentation information, see slide 29. 5 See note G on slide 26 for the definition of VaR. Inc / (Dec)Summary Income Statement ($MM) 3Q26 2Q26 3Q25 Total revenue, net of interest expense $5,867 ($2,155) ($358) Net DVA 20 77 6 Total revenue (excl. net DVA) 5,847 (2,232) (364) Provision (benefit) for credit losses 3 14 (6) Noninterest expense 4,195 (289) 300 Pretax income 1,669 (1,880) (652) Pretax, pre-provision income 1,672 (1,866) (658) Income tax expense 434 (489) (239) Net income $1,235 ($1,391) ($413) Net income (excl. net DVA) $1,220 ($1,449) ($417) Selected Revenue Items ($MM) 3Q26 2Q26 3Q25 Sales and trading revenue $5,075 $7,098 $5,362 Sales and trading revenue (excl. net DVA) 5,055 7,155 5,348 FICC (excl. net DVA) 2,548 3,536 3,078 Equities (excl. net DVA) 2,507 3,619 2,270 Global Markets IB fees 767 965 834 Key Indicators ($B) 3Q26 2Q26 3Q25 Average total assets $1,091.8 $1,120.5 $1,024.3 Average trading-related assets 729.3 746.9 676.6 Average 99% VaR ($MM) 51 49 66 Average loans and leases 200.6 205.0 191.0 Net charge-offs ($MM) — — (1) Reserve build (release) ($MM) 3 (11) 10 Return on average allocated capital (ROAC) 9 % 20 % 13 % Allocated capital $53.5 $53.5 $49.0 Efficiency ratio 72 % 56 % 63 % 16 • Net income $1.2B; • ROAC 9% • Revenue of $5.9B decreased 6% from 3Q25, driven by lower sales and trading revenue and investment banking fees • Sales and trading revenue of $5.1B decreased 5% from 3Q25 (incl. and excl. net DVA) –FICC revenue decreased 17% to $2.6B ($2.5B excl. net DVA), driven primarily by mortgages, municipals, and credit –Equities revenue increased 11% to $2.5B (excl. net DVA, up 10%), driven by increased client financing activity, particularly in Asia and the U.S. • Noninterest expense of $4.2B increased 8% vs. 3Q25, driven by higher revenue-related expenses and investments in the business, including people and technology –Efficiency ratio 72% • Average VaR of $51MM in 3Q26 ~PAGE-BREAK~ • Net loss of $1.4B included a non-tax-deductible regulatory settlement charge of $1.2B –Excluding the regulatory settlement charge, the adjusted net loss was $153MM • The Corporation’s effective tax rate (ETR) for 3Q26 was approximately 23% –Excluding the non-tax-deductible regulatory settlement charge, the adjusted ETR was approximately 20% All Other 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments.2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note E on slide 26. For important presentation information, see slide 29.3 Adjusted net loss of $153MM for 3Q26 represents a non-GAAP financial measure and is calculated as reported net loss of $1.4B less the non-tax-deductible regulatory settlement charge of $1.2B. For more information, see note A on slide 26. For important presentation information, see slide 29.4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP measure, see note A on slide 26. For important presentation information, see slide 29. Inc / (Dec)Summary Income Statement ($MM) 3Q26 2Q26 3Q25 Total revenue, net of interest expense ($643) $101 $55 Provision (benefit) for credit losses (6) 3 (10) Noninterest expense 1,396 1,229 1,195 Pretax income (loss) (2,033) (1,131) (1,130) Pretax, pre-provision income (loss) (2,039) (1,128) (1,140) Income tax expense (benefit) (680) (70) 120 Net income (loss) ($1,353) ($1,061) ($1,250) 17 ~PAGE-BREAK~ Supplemental Business Segment Trends ~PAGE-BREAK~ Total Expense ($B) and Efficiency Total Revenue ($B) Average Deposits ($B) Consumer Investment Assets ($B) and Accounts (MM) Average Loans and Leases ($B) Consumer Banking Trends Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources.2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. $11.2$11.2$11.0$11.3$11.6 9.0 9.1 9.0 9.2 9.4 2.2 2.1 2.1 2.1 2.1 Net interest income Noninterest income 3Q25 4Q25 1Q26 2Q26 3Q26 $0.0 $4.0 $8.0 $12.0 $5.6$5.7$5.8$5.8$5.8 50% 51% 53% 51% 50% Noninterest expenseEfficiency ratio3Q254Q251Q262Q263Q26$0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $947$945$951$957$949 472 474 480 489 485 475 471 471 468 464 Low-interest and noninterest checkingOther deposits3Q25 4Q25 1Q26 2Q26 3Q26 $0 $400 $800 $1,200 $320$323$322$321$321 117 117 116 116 115 97 99 100 100 102 57 57 56 55 52 22 23 23 23 23 27 27 27 27 29 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other3Q25 4Q25 1Q26 2Q26 3Q26 $0 $125 $250 $375 19 $580$599$573$640$664 4.1 4.1 4.2 4.2 4.2 AssetsAccounts3Q254Q251Q262Q263Q26$0 $250 $500 $750 3.5 4.0 4.5 5.0 Business Leadership • No. 1 in U.S. Consumer Deposits • No. 1 Small Business Lender • No. 1 in Retail Banking Advice Satisfaction • World's Best Banks 2026: North America - Best in the U.S. • Merrill Edge Self-Directed No. 1 for Bank Brokerage ~PAGE-BREAK~ Erica® Active Users and Interactions Zelle® vs. Cash and Checks (MM) Digitally-Enabled Sales Digital Users and Households Client Digital Interactions (B) 1,5031,8092,0262,341 46% 54% 66% 71% Digital unit sales (K)Digital as a % of total sales3Q23 3Q24 3Q25 3Q26 06001,2001,8002,400 0%25%50%75%100% 2.7 3.0 3.4 3.4 3.2 3.6 4.2 4.2 Alerts sent Digital logins 3Q23 3Q24 3Q25 3Q26 1.02.03.04.05.0 46 48 49 50 57 58 59 60 74% 77% 79% 80% Active users (MM) Verified users (MM) Household adoption %3Q23 3Q24 3Q25 3Q26 0255075 40%60%80%100% Client Engagement Person-to-Person Payments (Zelle®) Digital Volumes 323 400 459 500 $97 $121 $143 $164 Transactions (MM)Volume ($B)3Q23 3Q24 3Q25 3Q26 0 250 500 $0 $100 $200 Consumer Digital Update 1 Includes all households / relationships with consumer platform activity, except where otherwise noted.2 Digital active users represents Consumer and Merrill mobile and / or online 90-day active users. Verified users represents Consumer and Merrill users with a digital identification and password.3 Household adoption represents households with consumer bank login activities in a 90-day period, as of August for each quarter presented.4 Digital logins represents the total number of desktop and mobile banking sessions on the consumer banking platform. Alerts are digital communications sent to clients via SMS, push, and email notifications. 5 Digitally-enabled sales represent sales initiated and / or booked via our digital platforms.6 Erica engagement represents mobile and online activity across client-facing platforms powered by Erica.7 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. 21.023.224.725.7 users (MM) 20 Digital Adoption 170 166 175 191 Erica® interactions (MM)3Q23 3Q24 3Q25 3Q26 0 100 200 228 218 205 187 208 256 289 310 Zelle® sent transactionsCash withdrawn & checks written3Q23 3Q24 3Q25 3Q26 150200250300350 1.7x18.719.720.424.2 users (MM) ~PAGE-BREAK~