Bank of America reported second-quarter 2026 net income of $9.1 billion, up from the year-ago period, with earnings per share rising 34% to $1.21. Revenue climbed 15% to $31.6 billion, while net interest income increased 9% to $16.0 billion.
Each of the company’s four main businesses posted higher profit. Consumer banking earned $3.3 billion, with revenue up 5% to $11.3 billion. Average deposits in the unit rose 1% to $957 billion, and average loans and leases increased $2 billion to $321 billion. Card spending reached $266 billion, up 9%, while net new consumer checking accounts topped 160,000. The division ended the quarter with 38.7 million consumer checking accounts, 4.4 billion digital logins, and 13.3 million clients enrolled in Bank of America Rewards, including about 2 million new enrollments in the quarter.
Global wealth and investment management produced $1.4 billion in net income as revenue rose 16% to $6.9 billion. Asset management fees increased 19% to $4.4 billion. Client balances reached $4.9 trillion, up 12%, and average loans and leases rose 14% to $270 billion. The unit added about 6,000 net new $500,000-plus relationships.
Global banking earned $2.0 billion. Investment banking fees, excluding self-led deals, jumped 50% to $2.1 billion. Average deposits increased 8% to $652 billion, and average loans and leases rose 7%. Treasury service charges improved 10%.
Global markets posted $2.6 billion in net income, with sales and trading revenue up 33% to $7.1 billion. Equities revenue surged 70% to $3.6 billion, while fixed income, currencies and commodities revenue rose 9% to $3.5 billion.
The company said operating leverage was 6.6% and the efficiency ratio improved by roughly 360 basis points from a year earlier. As a result of these announcements, the company's shares have moved 1.92% on the market, and are now trading at a price of $60.645. If you want to know more, read the company's complete 8-K report here.
