US bank accounts: BlackRock, Bank of America and Morgan Stanley

The group is seeing the positive impact of market trends, organic growth in base fees, higher performance fees and an increase in revenue from technology services and subscriptions.

In the third quarter, Bank of America reported a fall in net profit to $6.9 billion, compared with $8.3 billion in the same period of 2025. Earnings per share stood at $0.91 ($1.04 in the same period of 2025). Revenue rose by 3 per cent year-on-year to $30 billion.

Net interest income (NII) amounted to $16.4 billion, up 8 per cent, driven mainly by the increase in loan and deposit balances, the rise in NII linked to Global Markets activities, and the revaluation of fixed-rate assets.

The third-quarter results have been weighed down by the fine of over 1.2 billion dollars imposed on the bank by US regulatory authorities for a breach of anti-money laundering laws. The results, the statement specifies, include the 1.2 billion dollar charge relating to the settlement agreement. On an adjusted basis, third-quarter profit stands at 8.1 billion, with earnings per share (EPS) at $1.08.

The Treasury Department had stated that the fine, the third-highest ever imposed in the department’s history, was due to the bank’s failure to report suspicious transactions totalling over $5 billion to the government, of which $1 billion posed risks to national security and other priority risks of illicit financing.

Morgan Stanley reported a rise in profits in the third quarter, driven by strong performance in equity trading, whilst markets remained volatile due to the Federal Reserve’s interest rate decisions and the conflict between the United States and Iran.

Profit attributable to the bank stood at $4.91 billion, or $3.03 per share, in the three months ended 30 September, compared with $4.61 billion, or $2.80 per share, in the same period of the previous year.