Bank of America Q2 2026 Earnings: EPS of $1.21 and Revenue of $31.6B, Both Up Double Digits
BAC sits 34% above its 52-week low of $44.75.
Summary
Bank of America reported Q2 2026 net income of $9.1 billion, or $1.21 per share, beating year-ago results by 34% on broad-based revenue growth and improved credit quality.
Key Events · Earnings and Guidance · BAC
-
Earnings Surge
Net income reached $9.1 billion in Q2 2026, translating to EPS of $1.21—a 34% increase year-over-year. Revenue climbed 15% to $31.6 billion, propelled by higher net interest income, trading, and investment banking fees.
-
Revenue Drivers
Net interest income rose 9% to $16.0 billion, while sales and trading revenue surged 33% to $7.1 billion. Investment banking fees jumped 50% to $2.1 billion, underscoring broad-based momentum.
-
Capital Returns
Shareholders received $8.0 billion in Q2, comprising $2.0 billion in common dividends and $6.0 billion in share repurchases. The CET1 ratio held steady at 11.2%.
-
Credit Quality Improvement
The provision for credit losses declined to $1.4 billion from $1.6 billion a year ago. The net charge-off ratio improved to 0.47% from 0.55%.
Analysis · BAC · Finance
One of the strongest quarters on record saw earnings per share jump 34% year-over-year to $1.21 on revenue of $31.6 billion. Every business segment posted double-digit net income growth, fueled by a 15% revenue increase. The standout drivers were higher net interest income, a 33% surge in sales and trading revenue, and a 50% leap in investment banking fees. Credit quality also improved, with net charge-offs declining and the provision for credit losses falling. The balance sheet remains robust—the CET1 ratio of 11.2% sits well above regulatory minimums—and the company returned $8.0 billion to shareholders through dividends and buybacks. This performance reinforces Bank of America's position as a beneficiary of a resilient economy and strong client activity, though expense growth of 8% bears watching.
At the time of this filing, BAC was trading at $59.90 on NYSE in the Finance sector, with a market capitalization of approximately $422.2B. The 52-week trading range was $44.75 to $60.83. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.