Quarterly ResultJul 14, 2026, 06:51 AM
Bank of America 2Q26 Net Income $9.1B, EPS $1.21; Revenue $31.6B
AI Summary
Bank of America reported strong financial results for the second quarter ended June 30, 2026, with net income rising 27% year-over-year to $9.1 billion and diluted earnings per share increasing 34% to $1.21. Revenue, net of interest expense, grew 15% to $31.6 billion, driven by higher net interest income, sales and trading revenue, and investment banking fees. The company returned $8.0 billion to shareholders through dividends and share repurchases, while maintaining a strong balance sheet with average deposits of $2.02 trillion and average loans of $1.22 trillion.
Key Highlights
- Net income rose 27% YoY to $9.1 billion.
- Diluted EPS increased 34% YoY to $1.21.
- Revenue, net of interest expense, grew 15% YoY to $31.6 billion.
- Net Interest Income (NII) was up 9% YoY to $16.0 billion.
- Returned $8.0 billion to shareholders ($2.0B dividends, $6.0B buybacks).
- Average deposits increased 2% YoY to $2.02 trillion.
- Average loans and leases grew 8% YoY to $1.22 trillion.
- Investment banking fees surged 50% YoY to $2.1 billion.
Price Impact
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