Bank of America Q2 2026 Earnings Call Transcript

Bank of America (NYSE: BAC ) released second-quarter financial results and hosted an earnings call on Tuesday.

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View the webcast at Summary The Boeing Company reported a 15% year-over-year revenue increase to $31.6 billion, with net income rising 27% to $9.1 billion.

The company's operating leverage improved to 6.6% and its efficiency ratio was 59%, with return on tangible common equity at 17%.

Broad-based revenue growth was driven by net interest income, investment banking, wealth management fees, and sales and trading revenue.

The company returned $8 billion to investors through dividends and share repurchases, maintaining a Common Equity Tier 1 ratio of 11.2%.

Boeing highlighted ongoing AI investments, with over 300 AI use cases approved, enhancing productivity and client service.

The economic outlook remains positive, with an updated US GDP growth forecast of 2.2% for 2026 and continued strong consumer spending.

Operating expenses increased due to investments in technology and market activity, but the company maintained strong operating leverage.

Boeing reiterated its full-year NII growth guidance at the upper end of the 6 to 8% range, supported by loan and deposit growth.

Credit quality remains stable, with consistent underwriting discipline and a decrease in criticized commercial exposures.

Full Transcript OPERATOR Hello and welcome everyone joining today's Bank of America earnings announcement.

At this time all participants are in a listen-only mode.

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It is now my pleasure to turn the meeting over to Lee McIntyre, Bank of America.

Please go ahead.

Lee McIntyre Thank you.

Good morning everyone and thank you for joining us to talk through our second quarter results in what is a busy bank earnings day.

As always, the earnings release and presentation are posted on the Investor Relations section of bankofamerica.com and we'll reference those materials during the call.

Before we begin, a quick reminder that during the call we may make forward-looking statements and refer to non-GAAP financial measures.

These measures reflect management's current views and are subject to risks and uncertainties which are outlined along with the relevant GAAP reconciliations in our earnings materials and our SEC filings on our website.

With that, I'll turn the call over to Brian Moynihan, our CEO.

Brian Moynihan (Chief Executive Officer) Good morning and thank you for joining us.

Once again our team delivered strong second quarter results, extending our momentum of the past several quarters.

Our revenue grew 15% year over year to 31.6 billion.

Our net income was 9.1 billion, up 27% from last year.

Our EPS increased 34% to $1.21 a share.

Our results show organic growth, operating leverage and efficiency ratio improvement in every business segment.

Along the bottom of slide 2 you can see the progress against several of our key financial metrics for the firm.

For the quarter we delivered 6.6% operating leverage and our efficiency ratio improved to 59%.

We generated return on tangible common equity of 17%.