Bank of America 8-K

Summary

Q2 2026 results. Bank of America reported higher revenue and earnings, with growth across all four business segments. Higher net interest income, sales and trading revenue, asset management fees and investment banking fees drove revenue growth; management also cited strong pipelines and a pickup in commercial borrowing.

Key Figures

• Net interest income was $16.0B GAAP, up 9% from $14.7B; on a fully taxable-equivalent basis, it was $16.2B vs $14.8B. Noninterest expense rose 8% to $18.6B. Operating leverage was 6.6%, and the efficiency ratio improved 359 bp to 59%.
• Provision for credit losses fell to $1.37B from $1.59B; net charge-offs were $1.41B vs $1.53B, and the net charge-off ratio declined to 0.47% from 0.55%.
• Returned $8.0B to shareholders: $2.0B in common dividends and $6.0B in repurchases. Period-end common shares outstanding declined to 7.02B from 7.44B.
• All segments grew net income Y/Y: Consumer Banking $3.3B (+10%), Global Wealth and Investment Management $1.4B (+42%), Global Banking $2.0B (+20%) and Global Markets $2.6B (+72%). Global Markets sales and trading revenue rose 33%, while total Corporation investment banking fees, excluding self-led deals, rose 50%.

Guidance

No guidance in this filing.

Investor Takeaways

• Watch whether strong pipelines and increased commercial borrowing support continued investment banking fee and loan growth in coming quarters.
• Track net interest income and credit quality, including whether lower charge-offs and improving delinquency trends continue.