Bank of America reported a second-quarter net income of $9.1 billion, up 27% from a year earlier, as a rebound in capital markets activity and resilient lending income propelled results past Wall Street forecasts.
Revenue rose 15% to $31.6 billion, exceeding consensus estimates of $30.67 billion. Equities trading revenue surged 70% to $3.6 billion, while investment banking fees climbed 50% to $2.1 billion. Net interest income grew 9% to $16 billion, also topping analyst expectations. Diluted earnings per share reached $1.21, well ahead of the $1.12 consensus.
For the first half of 2026, net profit totaled $17.66 billion, a 21.5% increase on the prior year. Chief Executive Brian Moynihan described the quarter as "one of the strongest to date". The bank's CET1 capital ratio stood at 11.2%.