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Bank of America

Bank of America (BAC) Q2 2026 Earnings

Reported Jul 14, 2026 at 6:45 AM ET · SEC Source

Q2 26 EPS

$1.21

BEAT +7.74%

Est. $1.12

Q2 26 Revenue

$31.56B

BEAT +2.55%

Est. $30.77B

vs S&P Since Q2 26

+2.9%

BEATING MARKET

BAC +1.6% vs S&P -1.3%

Market Reaction

Did BAC Beat Earnings? Q2 2026 Results

Bank of America delivered a broad-based beat in the second quarter of 2026, posting earnings per share of $1.21 against a consensus estimate of $1.12, a 7.74% positive surprise that extended the company's streak of beating EPS estimates to five conse… Read more Bank of America delivered a broad-based beat in the second quarter of 2026, posting earnings per share of $1.21 against a consensus estimate of $1.12, a 7.74% positive surprise that extended the company's streak of beating EPS estimates to five consecutive quarters. Revenue came in at $31.56 billion, topping the $30.77 billion consensus by 2.55%, though it reflected a 32.4% decline from the year-ago period. The standout driver was an exceptional performance in Global Markets, where total revenue surged 34% to $8.02 billion, anchored by a 70% jump in equities sales and trading to $3.62 billion on heightened client activity and strong derivatives performance. Net interest income climbed 9% to $16.00 billion as fixed-rate asset repricing and loan growth more than offset the drag from lower rates. Credit quality continued to improve, with net charge-offs falling to $1.41 billion and a provision of $1.37 billion that included a modest reserve release. Looking ahead, CEO Brian Moynihan noted strengthening commercial borrowing pipelines, while analysts broadly anticipated that strong capital markets activity would support positive earnings revisions into the second half of 2026.

Key Takeaways

  • • Net interest income up 9% driven by Global Markets activity, higher loan/deposit balances, and fixed-rate asset repricing
  • • Sales and trading revenue up 33% to $7.1 billion, 17th consecutive quarter of YoY growth
  • • Equities revenue up 70% driven by increased client activity and strong trading in derivatives and cash
  • • Asset management fees up 19% to $4.4 billion reflecting higher market valuations and solid AUM flows
  • • Investment banking fees up 50% with strength across debt underwriting, advisory, and equity underwriting
  • • 6.6% operating leverage with efficiency ratio improving 359 bps to 59%
  • • Average loans and leases up 8% with growth across every business segment
  • • Combined credit/debit card spend up 9% to $266 billion
  • • Net charge-off ratio improved to 0.47% from 0.55% YoY; credit card NCO rate declined to 3.55% from 3.82%
  • • Allowance for credit losses ratio declined to 1.08% from 1.17% YoY reflecting improved credit quality
  • • Commercial real estate CRE allowance declined to 1.28% from 1.65% YoY

BAC Forward Guidance & Outlook

CEO Moynihan noted that near-term pipelines remain strong and commercial borrowing has picked up. The company disclosed NII sensitivity: a +100 bps parallel shift above the June 30, 2026 forward curve would add approximately $1.0 billion in NII over the next 12 months, while a -100 bps shift would reduce NII by approximately $2.2 billion. BofA Global Research estimates U.S. real GDP growth of 2.2% in 2026 and 2.2% in 2027, with CPI inflation of 3.2% in 2026 and 3.0% in 2027.

24/7 Wall St

BAC YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

BAC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“The team delivered one of our strongest quarters to date, with earnings per share up 34% year-over-year. Every business segment reported double digit net income growth and strong returns on equity. Revenue increased 15% from last year as we deepened relationships with existing clients and welcomed new ones.”

— Brian Moynihan, Q2 2026 Earnings Press Release

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