Bank of America's quarterly net income rises 27% to $9.1 billion on record trading

Bank of America reported its second-quarter 2026 results (ended June 30) on Tuesday, July 14, 2026, posting net income of $9.1 billion, up 27% from a year earlier. Diluted earnings per share came in at $1.21 (up 34%), and total revenue rose 15% to $31.6 billion, beating analyst expectations.

Sales and trading revenue climbed 34% to a record $7.1 billion, with equity trading up 70% at $3.6 billion. Return on tangible common equity was 17%. Together with record profits at JPMorgan and Goldman Sachs, the results marked a strong second quarter for Wall Street's biggest banks.