Bank of America Corporation Q2 2026 Earnings Recap

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.