Bank of America posts transcript of Q2 2026 earnings call
BAC•Q2 2026 earnings call transcript posted
Bank of America released a transcript of its Q2 2026 earnings call attended by CEO Brian Moynihan, CFO Alastair Borthwick, and IR executive Lee McEntire.
- Revenue rose 15% to $31.6 billion.
- Net income climbed 27% to $9.1 billion.
- EPS increased 34% to $1.21.
- The efficiency ratio improved to 59%.
Management highlights NII growth, operating leverage and AI use cases
FTE net interest income totaled $16.2 billion, up 9%. Management expects full-year NII growth at the upper end of 6% to 8%.
Operating leverage reached 660 basis points; full-year operating leverage outlook was lifted to 300 to 400 basis points, reflecting NII gains and strong fee momentum.
Management also cited AI adoption as a productivity driver, with 300 approved use cases, 114 live generative AI cases, and 400,000 prompts daily.
