Bank of America Corporation Earnings Recaps
Q2 2026
Jul 16, 2026
The stock gained 3.5% following an encouraging quarter marked by broad-based revenue growth and improved operating leverage that beat expectations. Strength in net interest income, fee-based businesses, and ongoing productivity enhancements stood out as key drivers.
Key takeaways
- Revenue increased 15% year-over-year to $31.6 billion, powered by net interest income (up 9%) and a 22% rise in non-interest income.
- Investment banking fees surged 50% to over $2.1 billion; sales and trading revenues grew 33%, reflecting robust capital markets activity.
- The efficiency ratio improved to 59%, with every business segment generating operating leverage and driving stronger returns.
- Return on tangible common equity reached 17%, supported by 6.6% operating leverage and sustained asset quality.
- Capital remains strong with a CET1 ratio of 11.2%, and $8 billion returned to shareholders through dividends and buybacks.
Q1 2026
Apr 15, 2026
Bank of America delivered a robust Q1 2026, with 7% revenue growth and a 25% increase in EPS, supported by diversified revenue streams, disciplined expense management, and resilient credit quality.
Key takeaways
- Revenue rose 7% YoY to $30.3 billion, driven by strong net interest income (+9%) and double-digit growth across markets, wealth, and investment banking.
- EPS increased 25% YoY to $1.11, reflecting operating leverage and disciplined expense control, with efficiency ratio improving 170 basis points to 61%.
- Every business segment contributed to growth in revenue, earnings, loans, and deposits, underscoring breadth of performance.
- Asset quality improved with lower net charge-offs, delinquencies, and reservable assets, while provision expense declined to $1.3 billion.
- Capital remains strong with over $200 billion CET1, supporting organic growth and shareholder returns through dividends and buybacks.
Q3 2025
Oct 16, 2025
Bank of America reported a robust Q3, achieving an 11% increase in revenue to $28 billion and a 31% jump in EPS to $1.06, fueled by strong operating leverage and diversified business growth.
Key takeaways
- Return on tangible common equity rose to 15.4%, showcasing efficient capital utilization.
- Operating leverage improved significantly by 560 basis points, with efficiency ratio dropping below 62%.
- Notable revenue growth in investment banking fees, which surged 43% year over year, and consistent sales and trading revenue growth for the 14th consecutive quarter.
- Strong performance in consumer banking with $3.4 billion in after-tax earnings, up 28% year over year, driven by effective expense management and customer account growth.
- Significant return of capital to shareholders, totaling $7.4 billion through dividends and share repurchases, reflecting commitment to enhancing shareholder value.