Bank of America Corporation (BAC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome everyone joining today's Bank of America Earnings Announcement. At this time, all participants are in a listen only mode. Later, you will have the opportunity to ask questions during the question and answer session. Please note this call is being recorded. We are standing by if you should need any assistance. It is now my pleasure to turn the meeting over to Lee McIntyre, Bank of America. Please go ahead. Thank you. Good morning, everyone, and thank you for joining us to talk through our second quarter results and 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. 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 $31,600,000,000 Our net income was $9,100,000,000 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 two, 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 ge...