Bank of America used its second-quarter 2026 earnings call to raise its full-year net interest income growth forecast to the upper end of its 6% to 8% range, supported by loan and deposit growth, fixed-rate asset repricing, and balance sheet optimization. Revenues of $31.6 billion beat the Zacks Consensus Estimate of $30.62 billion and rose 15% year over year, while EPS of $1.21 topped the Zacks Consensus Estimate of $1.13 and increased 34% from the prior-year quarter. Average deposits rose to $2.02 trillion, the 12th straight quarter of sequential growth, and average loans and leases increased 8% from a year earlier to $1.22 trillion. Management also lifted its full-year operating leverage expectation to 300-400 basis points from prior commentary of more than 200 basis points, citing first-half operating leverage exceeding 450 basis points. Chairman and CEO Brian Moynihan highlighted organic growth across every business segment, including a 42% net income increase in Global Wealth and Investment Management and a 50% jump in total corporation investment banking fees within Global Banking.
Bank of America CorpBank of America raised its 2026 NII growth forecast and reported strong Q2 earnings beating estimates, with revenues up 15% and EPS up 34%.