Bank of America Corporation (BAC) Earnings Call Summary — Q2 FY26
Bank of America is one of the biggest US banks for consumers and businesses — deposits, loans, cards and Merrill wealth management.
Bank of America Corporation (BAC) reported Q2 FY26 results on July 14, 2026. Earnings per share came in at $1.21 against a $1.13 consensus, so the company beat on the bottom line. Revenue of $31.56B landed above the $30.78B estimate. BAC has beaten consensus EPS in 8 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Chief Executive Officer: “Our results show organic growth, operating leverage, and efficiency ratio improvement in every business segment.”
Chief Financial Officer: “Our ending assets were steady at $3.5 trillion, steady compared to the first quarter, and primarily reflecting lower securities balances replaced by loan growth and Global Markets activity.”
Analyst, KBW: “Alastair, I'm interested in your thoughts about pricing in a higher-for-longer environment.”
Chief Financial Officer: “I'd say we just kept nudging NII a little higher as we've gone through the year, first from that 5%-7% up to 6%-8%, and then more recently saying we're probably going to be at the top end of that range.”
Chief Financial Officer: “First, at Investor Day we said the sustainable target was something like 200-300 basis points.”