EarningsQ2 2026 Earnings Report
MX:BAC Q2 2026 EPS Results
Actual EPS$20.89
Consensus EPS$19.49
Beat/MissBeat by +$1.40
One Year Ago EPS$15.37
MX:BAC Q2 2026 Revenue Results
Actual Revenue$865.07B
Expected Revenue$531.36B
Beat/MissBeat by +$333.71B
YoY Revenue Growth+0.28%
Earnings Announcement Details
QuarterQ2 2026
Date07/14/2026
TimeBefore Open
Conference CallTuesday, July 14, 2026
MX:BAC Upcoming Earnings
Bank of America's next earnings date is estimated for October 14, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BAC Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented broad-based and strong financial performance across revenue, NII, fee businesses, markets, and wealth management, with meaningful operating leverage, improved efficiency and solid capital returns. Key positive metrics included double-digit revenue growth (15%), net income up 27%, EPS up 34%, strong NII performance (+9% YoY) and record GWIM/AUM outcomes. Lowlights were limited to higher absolute operating expenses due to ongoing investments, a $292 million 'All Other' loss, isolated credit losses, seasonal deposit outflows, and the risk of tougher second-half comps and operational risks from rapid AI adoption. On balance the highlights substantially outweigh the lowlights, signaling strong execution and favorable near-term outlook, though vigilance is warranted on expense discipline, credit monitoring and AI governance.Company Guidance
Strong Top-Line Growth
Total revenue grew 15% year-over-year to $31.6 billion, driven by net interest income, investment banking, wealth management fees, and sales & trading.
Robust Profitability and EPS
Net income was $9.1 billion, up 27% year-over-year; diluted EPS rose 34% to $1.21 per share.
Net Interest Income Performance
Net interest income (FTE) was approximately $16.2 billion, up 9% year-over-year; net interest yield was 2.08%, up 14 basis points versus a year ago; management expects full-year 2026 NII growth at the upper end of a 6%-8% range.
Fee and Markets Momentum
Non-interest income increased 22% year-over-year. Investment banking fees rose 50% to more than $2.1 billion; sales & trading revenue was $7.2 billion, up 33%.
Record Wealth & GWIM Results
GWIM revenue reached a record $6.9 billion, up 16% year-over-year, and net income rose 42% to $1.4 billion. Client balances hit a record $4.9 trillion (up 12% YoY); AUM grew 17% to $2.3 trillion with $14 billion in AUM flows this quarter ($78 billion over four quarters).
Outstanding Global Markets Quarter
Global Markets net income (ex DVA) was $2.7 billion, up 70% YoY. Equities revenue was a record $3.6 billion (up 70%); FICC generated $3.5 billion—the strongest quarter in over a decade.
Operating Leverage & Efficiency Gains
Quarterly operating leverage was 660 basis points (6.6%) and the efficiency ratio improved to 59%. First-half operating leverage exceeded 450 basis points; management now expects full-year operating leverage of 300–400 basis points.
Deposit and Loan Growth
Average deposits were $2.02 trillion, up $49 billion (2.5% YoY) with non-interest-bearing balances up $19 billion (+4%). Average loans and leases were $1.2 trillion, up $88 billion (8% YoY); ending loans $1.22 trillion, up $71 billion (6% YoY).
Capital Returns and Strength
Returned $8 billion to shareholders in the quarter via dividends and repurchases. Common equity Tier 1 capital nearly $202 billion with a CET1 ratio of 11.2%.
Digital & AI Adoption Driving Productivity
Over 200,000 employees using AI-enabled capabilities; 400,000 prompts/day, 300+ approved AI use cases, 114 live generative AI cases and 34 fully implemented—supporting productivity, sales preparation, coding efficiency and client engagement.
Consumer Franchise Resilience
Consumer Banking net income was ~$3.3 billion (+10% YoY) and revenue $11.3 billion (+5%). Consumer metrics: 162,000 net new checking accounts, card spending up 9% YoY to $266 billion, ~50 million active digital users, and digital sales representing 70% of total sales.
MX:BAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed