Bank Of America Stock Earnings Reports

Bank of America reported strong second-quarter results driven by broad-based revenue growth, operating leverage and continued balance sheet strength. Key metrics: revenue up 15% YoY to $31.6B, net income $9.1B (up 27% YoY), EPS $1.21 (up 34%), efficiency ratio improved to 59%, operating leverage of 6.6% for the quarter and return on tangible common equity of 17%. Net interest income (FTE) was ~$16.2B, up 9% YoY, and management now expects full-year 2026 NII growth at the upper end of its prior 6%-8% guide. Non-interest income rose 22% YoY, led by wealth management, investment banking (fees +50% YoY) and sales & trading (+33%). Loans and deposits continued to grow (average deposits $2.02T, average loans/leases $1.2T), with commercial lending leading loan growth. Credit quality remained stable (provision and net charge-offs both ~$1.4B), with modest reserve release and lower reservable criticized commercial exposures. Capital returned $8B in the quarter; CET1 ratio 11.2%. Management highlighted active deployment of AI across the firm (300+ approved AI use cases, 114 generative AI use cases live) as a productivity and client-service driver. Guidance/operating posture: full-year operating leverage now expected ~300-400 bps (first half already 450 bps), continued investments in technology, digital and AI while maintaining disciplined expense control. Overall tone: constructive macro backdrop, diversified revenue drivers, disciplined underwriting and confidence in sustained earnings power and returns.