Bank of America (BAC) Q2 2026 Earnings Call Transcript
Bank of America reported strong Q2 2026 results, with revenue up 15% year-over-year to $31.6 billion and net income rising 27% to $9.1 billion. EPS increased 34% to $1.21. Net interest income grew 9% to $16.2 billion, driven by core lending and deposit franchises. Fee-based businesses performed exceptionally well, with investment banking fees surging 50% to over $2.1 billion and sales and trading revenue up 33% to $7.2 billion. Wealth management fees rose 18%. The company achieved operating leverage of 6.6% and improved its efficiency ratio to 59%. Return on tangible common equity reached 17%. Capital generation remained strong, with $8 billion returned to shareholders through dividends and buybacks. Asset quality remained stable. CEO Brian Moynihan highlighted broad-based organic growth across all business segments.
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