Bank of America reported second-quarter 2026 earnings of $1.11 per diluted share, matching the same earnings-per-share figure the bank delivered in the first quarter, according to results announced earlier today.
The bank released its financial results at approximately 6:45 a.m. ET on Tuesday, July 14, with Chair and CEO Brian Moynihan and Executive Vice President and CFO Alastair Borthwick discussing the results in an investor conference call at 8:30 a.m. ET. The earnings release, supplemental filing, and investor presentation are available on Bank of America’s Investor Relations website.
In the first quarter, Bank of America achieved the same $1.11 per-share result, which represented a 25% year-over-year increase, according to CNBC and AlphaSense. That quarter saw net income rise 17% year-over-year to $8.6 billion, while revenue grew 7% to $30.3 billion, demonstrating broad-based strength across the bank’s businesses.
Wall Street had anticipated strong results heading into the Q2 report. Analysts forecast Q2 earnings of approximately $1.12 per share, representing roughly 27% year-over-year growth, according to Tickeron. Revenue was expected near $30.6 billion, according to AlphaStreet.
The bank’s strong earnings performance reflects gains in multiple revenue streams. In the first quarter, Bank of America’s sales and trading revenue rose 13% to $6.4 billion, buoyed by record equities trading volumes, Reuters reported. Asset management fees also surged 15% in that period.
Ahead of the earnings announcement, analysts had grown increasingly bullish on the stock. UBS analyst Erika Najarian raised her price target from $63 to $68 in early July, implying more than 12% upside, according to TipRanks. Overall, 24 analysts rate Bank of America a Buy, with an average price target of $65.31, representing nearly 10% upside from recent levels, according to Stock Analysis.
The earnings announcement caps a strong start to 2026 for the banking sector. JPMorgan Chase reported Q2 2026 earnings as bank stocks kick off season, signaling broad momentum across major U.S. lenders as trading activity and net interest income have both expanded.
Sources
- PR Newswire — Bank of America’s Q2 2026 earnings announcement and conference call details
- Bank of America Investor Relations — Q2 2026 earnings results and Q1 2026 financial metrics
- CNBC — Q1 2026 earnings per share of $1.11 and 25% year-over-year EPS growth
- AlphaSense — Q1 2026 revenue growth of 7% year-over-year and EPS increase
- Reuters — Q1 2026 sales and trading revenue rise of 13% to $6.4 billion
- Tickeron — Q2 2026 analyst consensus of $1.12 per share and 27% year-over-year growth expectations
- AlphaStreet — Q2 2026 revenue expectations near $30.6 billion
- TipRanks — UBS analyst Erika Najarian’s price target raise to $68
- Stock Analysis — Analyst consensus rating and average price target of $65.31
