US-listed company calls, October 13-15, 2026: banks expect net interest income growth
Bank of America said it expects net interest income (NII), the gap between interest earned and paid, to grow 8% or more in fiscal year 2027. JPMorgan Chase guided to approximately $107 billion, excluding markets.
An update from FactIQ, written from company statements in earnings calls of companies listed in the United States. What is FactIQ?
Key figures
- Bank of America, net interest income growth, fiscal year 2027, expected
- 8% or morestated by the chief financial officer; above its original 5%-7% range
- JPMorgan Chase, net interest income excluding markets, fiscal year 2027, central case
- approximately $107 billionstated by the chief financial officer; about $5 billion above the approximately $102 billion annualized fourth-quarter guide
- TSMC, capital budget, fiscal year 2026
- $60 billion to $64 billionreiterated by the chief financial officer
- Johnson & Johnson, annual revenue, fiscal year 2026
- $100 billionstated by the chief executive; on track to exceed this for the first time
Large banks raised or held their net interest income guidance
Net interest income (NII) is what a bank earns on loans and securities minus what it pays on deposits and other funding.- JPMorgan Chase: The chief financial officer said the firm expects NII excluding markets of approximately $25.5 billion in the fourth quarter of fiscal year 2026. The officer gave approximately $107 billion as the central case for fiscal year 2027.
- Bank of America: The chief financial officer said the company still expects approximately 8% NII growth in fiscal year 2026. The officer said net interest yield reached 2.16% in the third quarter of fiscal year 2026.
- Citi: The chief financial officer said Citi upgraded its fiscal year 2026 growth guidance for NII excluding markets to the mid-to-high 6% range. The original guidance was 5%-6%.
- Wells Fargo: The chief financial officer said the company still expects fiscal year 2026 NII of approximately $50 billion.
TSMC and ASML said customer demand calls for more capacity
TSMC's chief financial officer reiterated a fiscal year 2026 capital budget of $60 billion to $64 billion. TSMC's chief executive said it is adding three new fabs, or chip plants, for 3 nm technologies. ASML's chief executive said its plan to increase capacity 30% in fiscal year 2027 and another 30% in fiscal year 2028 will not meet customer demand. ASML's chief financial officer said it expects fourth-quarter revenue of EUR 14.2 billion to EUR 15.2 billion.Two large health care companies updated their 2026 outlooks
Johnson & Johnson's chief executive said the company is on track to exceed $100 billion in annual revenue in fiscal year 2026. Its chief financial officer said it raised and tightened its operational sales growth guidance to 6.7%-7.1%. UnitedHealth Group's chief financial officer said the company updated its fiscal year 2026 adjusted earnings per share (EPS) guidance to at least $20.50.Asset managers reported strong client flows
BlackRock's chief financial officer said organic base fee growth was 11% in the third quarter of fiscal year 2026. Goldman Sachs' chief executive said wealth management long-term net inflows were annualizing at 12%, above the 5% target.Source: Earnings calls of companies listed in the United States. See which companies FactIQ covers.
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