BANK OF AMERICA CORP /DE/ Earnings Summary — Q2 2026
Bank of America Delivers Record Q2 Revenue Driven by Surging Investment Banking and Higher NII
Key Takeaways
- Revenue reached $30.2 billion in Q2 2026, marking a robust 21.4% year-over-year increase.
- Net Interest Income (NII) grew to $16.0 billion, up 9.1% YoY, reflecting effective asset-liability management.
- Non-interest income saw a significant jump of 32% year-over-year to $15.6 billion, fueled by strong investment banking and market performance.
- Net income attributable to common shareholders rose to $8.75 billion, driving diluted EPS to $1.21.
- Total non-interest expenses were relatively well-controlled at $18.6 billion despite significant business volume expansion.
- Credit quality remained stable with a provision for credit losses at $1.37 billion, down slightly from Q2 2025 levels.
Management Guidance
Management highlighted a favorable environment for fee-based businesses and expects the momentum in net interest income to continue as the loan book reprices.
Sentiment Shift
Improving
Year-over-year growth accelerated significantly compared to previous quarters, particularly in non-interest income and overall top-line revenue.
Outlook
The company appears positioned for continued growth in the second half of 2026, supported by strong capital levels and expanding market share in investment banking.
From the Annual Report (Key Quotes)
“Bank of America reported second quarter net income of $9.1 billion, or $1.21 per diluted share.”
“Revenues reached $30.2 billion, a 21.4% increase over the prior year quarter.”
“Net interest income rose to $16.0 billion as the bank benefited from a favorable interest rate environment.”
Official Quarterly Documents
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This summary is AI-generated from BANK OF AMERICA CORP /DE/'s latest quarterly filing and earnings call. For informational purposes only — not investment advice.