Bank of America profit jumps 27% as CEO Brian Moynihan signals 'healthy economic backdrop'

Bank of America profit jumps 27% as CEO Brian Moynihan signals 'healthy economic backdrop' Ines Ferré · Senior Business Reporter Tue, July 14, 2026 at 1:48 PM GMT+2 1 min read BAC Bank of America ( BAC ) profit jumped 27% last quarter to $9. 1 bilion as the bank saw net income growth across every business segment. "The team delivered one of our strongest quarters to date, with earnings per share up 34% year-over-year," CEO Brian Moynihan said in a statement.

Moynihan pointed to "a healthy economic backdrop" and "resilient consumers" as revenue jumped 15% year to date. "It was also an exceptional quarter for our markets-facing businesses, with investment banking fees up 50% year-over-year," Moynihan said. "Near-term, pipelines remain strong, and commercial borrowing has picked up.

" Bank of America's net interest income, the profit made from loans minus interest paid to depositors, hit $16 billion, topping the Bloomberg consensus estimate of $15. 92 billion Bank of America's stock-trading revenue jumped 70% to $3. 62 billion, smashing Wall Street consensus by nearly $1 billion, driven by increased client activity and strong trading performance, particularly in Asia and the US.

The results echoed those of Wells Fargo ( WFC ), which also exceeded analysts' expectations for its second quarter earnings, boosted by a 13% year-over-year increase in revenue from its wealth management and investment banking businesses. Consumer banking and lending revenue grew 6% year-over year, as did commercial banking revenue. "We are clearly benefitting from the broad-based economic strength we see in the US, but the investments we are making and our improved operating discipline also drove strong momentum in our key business metrics across all operating segments," CEO Charlie Scharf said in the statement.

Ines Ferre is a Senior Business Reporter for Yahoo Finance covering the US stock market, publicly traded companies, and commodities.