Bank of America (BAC) has reported second-quarter financial results that beat Wall Street’s consensus estimates.
The bank posted earnings per share (EPS) of $1.21 U.S., which topped the $1.13 U.S. that was forecast among analysts. The lender’s profit rose 36% year-over-year.
Revenue in the spring quarter totaled $31.6 billion U.S., which surpassed the $30.8 billion U.S. that was expected on Wall Street. Sales were up 20% from a year earlier.
Bank of America Chief Executive Officer (CEO) Brian Moynihan called the quarter one of the strongest to date for the second largest U.S. lender.
“Against a healthy economic backdrop, resilient consumers and businesses are turning to Bank of America to spend, borrow and invest,” he said in the bank’s earnings statement.
Bank of America also reported a second-quarter provision for credit losses of $1.4 billion U.S., down from $1.6 billion U.S. in the same period of 2025.
Bank of America’s second-quarter return on average tangible common equity (ROTCE) came in at 17.03%, which beat the consensus estimate of 15.8%.
Moynihan highlighted improving profit margins at the bank and attributed the strong quarterly print to boom times on Wall Street and “disciplined expense management.”
Stock markets in the U.S. rallied in this year’s second quarter after slumping in the first quarter, and Wall Street is seeing a rising number of initial public offerings (IPOs).
BAC stock has gained 26% over the last 12 months to trade at $59.50 U.S. per share.
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