Bank of America reported second quarter 2026 revenue of $31.6 billion, up 15% year-over-year, with diluted earnings per share of $1.21, a 34% increase from the prior year. Both revenue and EPS exceeded analyst expectations, driven by strength in the company's markets-facing businesses.
Key Highlights
- Net Interest Income (NII) grew 9% year-over-year to $16.0 billion, surpassing consensus estimates.
- Sales and trading revenue surged 33% to $7.1 billion, led by a 70% increase in Equities revenue to $3.6 billion.
- Investment banking fees increased 50% year-over-year to $2.1 billion, reflecting broad strength across debt, equity, and advisory services.