A financial services company offering banking, investing, asset management, and risk management products to individuals, businesses, and institutions. It traces its roots to the Bank of Italy, founded in San Francisco in 1904 by A.P. Giannini to serve working-class immigrants; after the 1906 earthquake he famously rescued the bank's cash in a horse-drawn cart and lent on handshakes. The bank adopted the Bank of America name in 1930, and a 1998 merger with NationsBank kept that name while moving headquarters to Charlotte.
Q2 2026 net income rose 26.6% to $9.1B as revenue reached $31.6B and credit costs fell
Profitability improved across the board this quarter. rose 15.0% to $31.6B and rose 34.4% to $1.21 as grew $2.8B and the fell 14% to $1.4B. The company returned $8.0B to shareholders and carries the highest in two years.
Key takeaways
rose 26.6% to $9,074M, driven by a $2.8B increase in from asset management, investment banking, and trading fees, plus a 14% drop in the to $1.4B on improved credit card and commercial real estate quality.
rose 15.0% to $31.6B, with up 9% to $16.0B from activity, deposit and loan growth, and fixed-asset repricing, partially offset by lower rates.
rose 72% to $2.6B on a 34% increase from Equities and sales and trading performance.
Section summaries
Management's Discussion and Analysis
Net income rose to $9.1B on higher noninterest income and NII, with improved credit quality and increased capital returns.
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Total , net of , increased 15% to $31.6B, driven by a $2.8B rise in noninterest income from higher asset management, investment banking, and trading fees.
The company returned $8.0B to shareholders through $6.0B in repurchases and $2.0B in dividends, and raised the quarterly 14% to $0.32 per share.
was 36.6%, up 5.1 points and the highest since Q4 2024, while rose 33.4% to $11.6B.
rose 8.4% to $339.9B and cash fell 13.6% to $229.7B versus a year earlier.
What changed
Q2 2025 flagged the $1.6B provision pace as a watch item; this quarter it fell to $1.4B, down 14% , confirming credit costs did not build.
The CET1 ratio was not disclosed in this filing; the prior range of 11.5%–11.8% from FY2025 and Q1 2026 therefore remains unconfirmed for Q2.
was flagged at $14.7B (Q2 2025) and $15.7B (Q1 2026) to confirm as lower rates offset growth; it reached $16.0B, continuing to rise.
pace under the $25B authorization: $4.5B in Q1 2025, $5.3B in Q3 2025, and $6.0B this quarter show deployments continuing with no year-end figure reported for 2025.
rose 4.2% from Q1 2026's $30.3B to $31.6B, extending the growth after Q1's 3.3% increase over Q4 2025.
What to watch
Next disclosure to confirm whether the 11.5%–11.8% range holds above the 10.7% minimum after no Q2 figure was reported
Q3 2026 to see if the $1.4B level holds or rises on card and commercial real estate office exposure
Q3 2026 to confirm the $16.0B level holds as lower rates partially offset growth
Remaining capacity under the $25B authorization after $6.0B deployed this quarter with no cumulative 2026 figure reported
grew 9% to $16.0B, benefiting from activity, deposit and loan growth, and fixed-asset repricing, partially offset by lower rates.
Noninterest expense increased 8% to $18.6B, primarily due to higher -related expenses and continued investments in people, marketing, and technology.
The decreased 14% to $1.4B, reflecting improved asset quality in the credit card and commercial real estate portfolios.
The Corporation returned $8.0B to shareholders through $6.0B in common stock repurchases and $2.0B in common dividends, and declared a 14% higher quarterly of $0.32 per share.
surged 72% to $2.6B on a 34% increase, driven by strong performance in Equities and FICC sales and trading.
See Litigation and Regulatory Matters in Note 10 – Commitments and Contingencies to the Consolidated Financial Statements, which is incorporated by reference in this Item 1, for litigation and regulatory disclosure that supplements the disclosure in Note 12 – Commitments and Con…
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See Litigation and Regulatory Matters in Note 10 – Commitments and Contingencies to the Consolidated Financial Statements, which is incorporated by reference in this Item 1, for litigation and regulatory disclosure that supplements the disclosure in Note 12 – Commitments and Contingencies to the
Consolidated Financial Statements of the Corporation’s 2025 Annual Report on Form 10-K.
There are no material changes from the risk factors set forth under Part 1, Item 1A. Risk Factors of the Corporation’s 2025 Annual Report on Form 10-K.
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There are no material changes from the risk factors set forth under Part 1, Item 1A. Risk Factors of the Corporation’s 2025 Annual Report on Form 10-K.