What move does the options market price into Bank of America's report?

Implied ±8.2%, either direction · provisional.

How often does Bank of America move more than the options market prices?

3 of the last 5 reports moved at least as far as the implied move.

BACNYSENational Commercial Banks

Bank of America Corp (BAC) earnings date, market-implied expected move, and options open interest by expiry

50.01

Closed19:56 ET

Open51.26Volume43.1MMkt cap$345.1BP/E11.77EPS4.25Div yield2.32%

Day49.83 – 51.4811%52-wk45.64 – 64.8923%

BAC

Bank of America Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.2%implied · straddle

45.8954.13

spot 50.01exp Jan 15ATM strike 50ATM straddle 4.85IV 27%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Jan 13

before open · in 74 days

est.Q4 FY26

Calendar

Next report

Last report

−4.76%

vs ±2.9% implied · ×1.65

shaded = implied · ▲▼ = realized

Oct 14 '26 · confirmed

Implied vs realized

Linked news

1dCBOE · customerCboe Global Markets posts Q3 net income $428.2 million, diluted EPS $4.08
2dCUZ · supplierCousins Properties posts Q3 net income available to common stockholders $17,000 thousand, EPS $0.10
2dUMBF · customerUMB Financial says Shannon A. Johnson will devote full attention to chief risk officer

News

Largest filed tie

13F top-10 QoQ

−1.16%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

3,632 managers

Top fund weight

4.90%

BAC weight · XLF

N-PORTJun 30 '26

12 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Bank of America (BAC) is expected to report on Jan 13 before open (estimated date).

Implied vs realized

8 reports

3 of 5≥ implied

avg implied: ±3.1%
avg realized: ±3.3%

Jan 16 '25Jan 16 '25confirmed—▼−0.98%—

Apr 15 '25Apr 15 '25confirmed—▲+3.60%—

Jul 16 '25Jul 16 '25confirmed—▼−0.26%—

Q3 FY25Oct 15 '25confirmed±4.3%▲+4.37%×1.01

Jan 14 '26Jan 14 '26confirmed±2.7%▼−3.78%×1.38

Q1 FY26Apr 15 '26confirmed±2.7%▲+1.82%×0.68

Q2 FY26Jul 14 '26confirmed±3.0%▲+1.88%×0.64

Q3 FY26Oct 14 '26confirmed±2.9%▼−4.76%×1.65

quarterimplied−5%0+5%realized×

Q3 FY26±2.9%▼−4.76%×1.65

Q2 FY26±3.0%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 26 close

1.26OI · 10 expiries · Oct 26 closeP/C open interest · Jan 15 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

17,937+11%Nov 66d1.2014,887+6%1.20

4,338+23%Nov 1313d0.3911,175+6%0.39

123,708−6%Nov 2020d1.03119,845+22%1.03

2,150+2%Nov 2727d0.912,357+18%0.91

577—Dec 434d0.511,142—0.51

171,6440%Dec 1848d1.04164,383+1%1.04

ExpiryPutsCallsP/C

4 nearer expiries

Nov 66d17,937+11%14,887+6%1.20

Nov 1313d4,338+23%11,175+6%0.39

Nov 2020d123,708−6%119,845

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.2%

Funds 4

XLF±0.4%

REVS±0.3%

VIG±0.1%

VTV±0.1%

Suppliers 1

ALGT±8.9%×1.08

Customers 2

UMBF±6.4%×0.78

HTB±4.6%×0.56

Dashed = straddle · × = co-movement · max 499dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

23.14%as filednet margin · revenue −5.07% QoQ · +6.66% YoY

Revenue$30.0B−5.07%

Pre-tax income$9.0B−22.46%

Net income$6.9B23.14%−23.59%

Tax$2.0B−18.35%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.42· ±1.6% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.6%3 of 10×1.42

FOMCrate decision±1.3%12 of 24×1.22

PCEpersonal income & outlays±1.0%9 of 19×0.94

NFPjobs report±1.0%3 of 10×0.91

CPROFcorporate profits±0.7%8 of 12×0.61

CPIconsumer prices±0.6%6 of 10×0.57

GDPgross domestic product±0.6%12 of 19×0.52

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 0.91 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 14 '26 · confirmed	0.91	—
Q2 FY26	Jul 14 '26 · confirmed	1.21	—
Q1 FY26	Apr 15 '26 · confirmed	1.11	—
Q3 FY25	Oct 15 '25 · confirmed	1.06	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod