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Est. 2026The front page of wealth managementNew York

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Wealth Firm Earnings · BAC

Merrill (Bank of America) earnings

Client assets, net new assets, revenue and advisory assets, quarter by quarter, as Merrill reports them for its Global Wealth & Investment Management (Merrill and Bank of America Private Bank) business, with the source for every number.

In Q3 2026, Merrill reported $4.24T in client assets, up 8.8% from a year earlier and $20B in net new assets. Revenue was $7.1B, up 13% year over year.

Next reportNot announced yet

Latest releaseOctober 14, 2026

NewsMerrill coverage

Quarter by quarter

Client assets

Merrill Wealth Management client balances, at period end

  1. $3.7TQ2 2025
  2. $3.9TQ3 2025
  3. $3.99TQ4 2025
  4. $3.82TQ1 2026
  5. $4.13TQ2 2026
  6. $4.24T$4.24TQ3 2026
Show as table
PeriodClient assets
Q3 2026$4.24T
Q2 2026$4.13T
Q1 2026$3.82T
Q4 2025$3.99T
Q3 2025$3.9T
Q2 2025$3.7T

Net new assets

AUM flows, Global Wealth & Investment Management

  1. $14.3BQ2 2025
  2. $23.5BQ3 2025
  3. $20.2BQ4 2025
  4. $20.4BQ1 2026
  5. $13.7BQ2 2026
  6. $20B$20BQ3 2026
Show as table
PeriodNet new assets
Q3 2026$20B
Q2 2026$13.7B
Q1 2026$20.4B
Q4 2025$20.2B
Q3 2025$23.5B
Q2 2025$14.3B

Revenue

GWIM total revenue, net of interest expense, Global Wealth & Investment Management

  1. $5.9BQ2 2025
  2. $6.3BQ3 2025
  3. $6.6BQ4 2025
  4. $6.7BQ1 2026
  5. $6.9BQ2 2026
  6. $7.1B$7.1BQ3 2026
Show as table
PeriodRevenue
Q3 2026$7.1B
Q2 2026$6.9B
Q1 2026$6.7B
Q4 2025$6.6B
Q3 2025$6.3B
Q2 2025$5.9B

Advisory assets

GWIM assets under management, at period end, Global Wealth & Investment Management

  1. $1.99TQ2 2025
  2. $2.11TQ3 2025
  3. $2.18TQ4 2025
  4. $2.12TQ1 2026
  5. $2.33TQ2 2026
  6. $2.37T$2.37TQ3 2026
Show as table
PeriodAdvisory assets
Q3 2026$2.37T
Q2 2026$2.33T
Q1 2026$2.12T
Q4 2025$2.18T
Q3 2025$2.11T
Q2 2025$1.99T

Global Wealth and Investment Management

Client assets

Total client balances (EOP)

  1. $5.06T$5.06TQ3 2026
Show as table
PeriodClient assets
Q3 2026$5.06T

Revenue

Total revenue

  1. $7.1B$7.1BQ3 2026
Show as table
PeriodRevenue
Q3 2026$7.1B

Reading these numbers

  • Revenue, assets under management and net client flows cover all of Global Wealth & Investment Management (Merrill plus Bank of America Private Bank). Client balances are Merrill’s alone.
  • Net new assets here are Bank of America’s net client flows into assets under management.
  • Bank of America no longer reports Merrill’s advisor count.

Every figure and its source

Download CSV
PeriodFigureValueSource
Q3 2026Merrill Wealth Management client balances, at period endMerrill Wealth Management$4.24TSEC filingOctober 14, 2026
Q3 2026Total client balances (EOP)Global Wealth and Investment Management$5.06TSEC filingOctober 14, 2026
Q3 2026Client balancesGlobal Wealth & Investment Management$5.06TSEC filingOctober 14, 2026
Q3 2026AUM flowsGlobal Wealth & Investment Management+$20BSEC filingOctober 14, 2026
Q3 2026GWIM total revenue, net of interest expenseGlobal Wealth & Investment Management$7.1BSEC filingOctober 14, 2026
Q3 2026Total revenueGlobal Wealth and Investment Management$7.1BSEC filingOctober 14, 2026
Q3 2026GWIM assets under management, at period endGlobal Wealth & Investment Management$2.37TSEC filingOctober 14, 2026
Q2 2026Merrill Wealth Management client balances, at period endMerrill Wealth Management$4.13TSEC filingJuly 14, 2026
Q2 2026AUM net client flowsGlobal Wealth & Investment Management+$13.7BSEC filingJuly 14, 2026
Q2 2026GWIM total revenue, net of interest expenseGlobal Wealth & Investment Management$6.9BSEC filingJuly 14, 2026
Q2 2026GWIM assets under management, at period endGlobal Wealth & Investment Management$2.33TSEC filingJuly 14, 2026
Q1 2026Merrill Wealth Management client balances, at period endMerrill Wealth Management$3.82TSEC filingApril 15, 2026
Q1 2026AUM net client flowsGlobal Wealth & Investment Management+$20.4BSEC filingApril 15, 2026
Q1 2026GWIM total revenue, net of interest expenseGlobal Wealth & Investment Management$6.7BSEC filingApril 15, 2026
Q1 2026GWIM assets under management, at period endGlobal Wealth & Investment Management$2.12TSEC filingApril 15, 2026
Q4 2025Merrill Wealth Management client balances, at period endMerrill Wealth Management$3.99TSEC filingJanuary 14, 2026
Q4 2025AUM net client flowsGlobal Wealth & Investment Management+$20.2BSEC filingJanuary 14, 2026
Q4 2025GWIM total revenue, net of interest expenseGlobal Wealth & Investment Management$6.6BSEC filingJanuary 14, 2026
Q4 2025GWIM assets under management, at period endGlobal Wealth & Investment Management$2.18TSEC filingJanuary 14, 2026
Q3 2025Merrill Wealth Management client balances, at period endMerrill Wealth Management$3.9TSEC filingOctober 15, 2025
Q3 2025AUM net client flowsGlobal Wealth & Investment Management+$23.5BSEC filingOctober 15, 2025
Q3 2025GWIM total revenue, net of interest expenseGlobal Wealth & Investment Management$6.3BSEC filingOctober 15, 2025
Q3 2025GWIM assets under management, at period endGlobal Wealth & Investment Management$2.11TSEC filingOctober 15, 2025
Q2 2025Merrill Wealth Management client balances, at period endMerrill Wealth Management$3.7TSEC filingJuly 16, 2025
Q2 2025AUM net client flowsGlobal Wealth & Investment Management+$14.3BSEC filingJuly 16, 2025
Q2 2025GWIM total revenue, net of interest expenseGlobal Wealth & Investment Management$5.9BSEC filingJuly 16, 2025
Q2 2025GWIM assets under management, at period endGlobal Wealth & Investment Management$1.99TSEC filingJuly 16, 2025

Questions

How much in client assets does Merrill have?

Merrill (Bank of America) reported $4.24T in client assets (“Merrill Wealth Management client balances, at period end”) at the end of Q3 2026, according to its release on October 14, 2026.

What were Merrill’s net new assets in Q3 2026?

+$20B, reported as “AUM flows” for Global Wealth & Investment Management in its release on October 14, 2026.

When does Merrill report earnings next?

Merrill (Bank of America) hasn’t announced its next earnings date yet. It is added here once the company announces it.

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