$BAC and $C Are Quietly Having Their Best Quarter in Years — and Nobody's Talking About It
While everyone was watching oil prices and Fed drama, the big banks just dropped some of the strongest numbers in a decade
Ticker Ratings
$BAC just reported $1.11 EPS — the highest in nearly two decades — with equities trading up 30% (best quarter in 15 years) and investment banking revenue up 21%. Return on tangible common equity hit 16%, a 200+ basis point improvement. CEO Brian Moynihan says the consumer is healthy. Bloomberg's YouTube coverage called it a clean beat across the board, and Gabelli Funds analyst Macrae Sykes flagged earnings growth of 25% vs. 16% expected. That's not a miss, that's an embarrassment for the bears.
Meanwhile, $C surged ~3.5% on its best returns in five years, and $HOOD popped 10%+ after Bernstein reiterated a $130 price target — implying over 65% upside — citing prediction markets nearly quadrupling in 2026 and over $1 billion in crypto revenue expected this year, 31% above street consensus. Robinhood currently captures just 4% of US retail brokerage revenue. That ceiling is basically the sky.
The banks are printing money, retail trading is coming back, and the Fed drama is just noise — the earnings tape doesn't lie.