Bank of America (BAC) reports alongside the other mega-cap banks in mid-July — a low-dispersion earnings name with a beat-rate history that surprises many first-time readers. Below is its earnings behaviour based on the last 16 reports (roughly the past 10 years), as of July 2026.
BAC earnings at a glance
BAC’s decade-long average earnings move is about ±3.9%, with the last two years running slightly hotter at ±4.4% — a stable-to-firmer regime rather than a dramatic shift. The 95th-percentile tail is about ±6.6%: still a bank, still mostly small reactions, but not immune to outsized gaps.
Does BAC beat its implied move?
The implied move is what the options market prices in before the report; the actual move is what happens. BAC’s actual move has topped the implied move in about 63% of recent reports (10 of 16) — the same beat-rate neighbourhood as JPM, despite similarly modest average moves.
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How BAC’s moves are distributed
The distribution is tight with occasional spikes: most BAC earnings moves stay under ±5.3%, but the 95th-percentile outlier reaches ±6.6%. Recent quarters have skewed toward the upper half of that range, which is why the two-year average (±4.4%) sits above the decade mark (±3.9%).
Recent BAC earnings
To make it concrete: July 2023’s peak move reached about ±2.6% against an implied move near ±1.2% — a clear beat. October 2024 landed closer to the implied band (~±1.1% peak vs ~±1.6% implied). On bank prints, peak versus close still matters when you read how options behaved through the session.
IV rush and IV crush on BAC
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush). With a ~63% beat rate, BAC’s history shows the crush cutting both ways more often than on names that reliably undershoot their implied move.
What BAC’s earnings data means for options
These figures are a reference point, not a signal. BAC has cleared its implied move in roughly three of every five reports (~63%), recent moves have run slightly hotter than the decade average, and the ±6.6% 95th-percentile figure marks the realistic worst case any position would need to withstand. Compare the live implied move against this history in the EarningsWatcher app rather than relying on a rule of thumb.
Frequently asked questions
How much does BAC move on earnings?
Over its last 16 earnings reports (as of July 2026), BAC's average earnings-day peak move was about plus or minus 3.9%, with a median near plus or minus 3.9%. The last two years have run slightly hotter at about plus or minus 4.4%. The 95th-percentile move is about plus or minus 6.6%.
Does BAC usually beat its implied move?
More often than not. BAC's actual move has topped its options-implied move in about 63% of recent reports (roughly 10 of 16), similar to JPM among the mega-cap banks.
What is BAC's implied move for earnings?
The implied move firms up as the report approaches. BAC reports July 14, 2026 (before the open); as of early July 2026 the live implied move has been pricing near plus or minus 4.5%. Check the live figure in the EarningsWatcher app.
When does Bank of America (BAC) report earnings in July 2026?
Bank of America is scheduled to report Q2 2026 results on July 14, 2026, before the market open (BMO), alongside other major banks. Confirm the exact time on a live earnings calendar before trading.