Bank Of America Stock Earnings Reports

Bank of America delivered a strong Q2 with broad-based, organic revenue and earnings growth. Revenue rose 15% YoY to $31.6B; net income was $9.1B (up 27% YoY) and EPS rose 34% to $1.21. Net interest income (FTE) was ~$16.2B, up 9% YoY, and non-interest income grew 22% led by investment banking, wealth fees and sales & trading. The firm reported 6.6% operating leverage for the quarter and improved efficiency to 59%; return on tangible common equity was 17%. Balance sheet highlights: assets ~ $3.5T, average deposits $2.02T (up 2.5% YoY, 12th consecutive quarter of deposit growth), average loans $1.2T (up 8% YoY). CET1 capital was ~11.2% with ~$8B returned to shareholders via buybacks/dividend in the quarter. Business-line takeaways: record or outstanding quarters across Wealth & Investment Management and Global Markets (sales & trading up 33%); Global Banking delivered strong investment banking fees (+50% YoY). Credit remained stable with provisions and net charge-offs roughly unchanged from Q1 and overall asset quality consistent with conservative underwriting. Management highlighted active deployment of AI (200k+ employees using AI-enabled tools, 300 approved use cases, 114 generative AI use cases) to drive productivity and client service. Guidance/forward views: management raised its confidence in NII for 2026 to the upper end of a previously given 6%-8% growth range (reflecting expected loan/deposit growth, fixed-rate asset repricing and the forward curve), and increased expected full-year operating leverage to 300–400 bps (H1 already +450 bps). Overall, the firm emphasized diversified revenue drivers, continued investment in technology/AI, strong capital returns, and stable credit — positioning for continued earnings growth and improved returns.