Bank of America Contributes to $46.17B Q1 Shareholder Returns
Bank of America joined seven other systemically important banks in returning a record $46.17 billion to shareholders in Q1, a 34% increase over last year. Its equity research team maintained a Buy rating on Tesla with a $460 target after the automaker reported 19.2% auto margins and 1.28 million FSD subscribers.
1. Q1 Shareholder Payouts Soar
In the first quarter of 2026, Bank of America was among eight globally systemically important banks that distributed a combined $46.17 billion in dividends and share buybacks, marking a 34% year-over-year increase in capital returned to investors.
2. Equity Research Highlights Tesla Performance
Bank of America’s equity research team reaffirmed its Buy rating on Tesla with a $460 price target after Tesla reported 19.2% automotive gross margins and grew Full Self-Driving subscriptions to about 1.28 million. Analysts also noted Tesla’s plan to raise 2026 capex to $25 billion for new factories and AI investments, and flagged cautious robotaxi expansion pending safety validation.