Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.
Net income rose to $9.1 billion from $7.2 billion a year earlier, while earnings per share came in at $1.21, topping the consensus estimate of $1.13.
Revenue, net of interest expense, increased 15% year over year to $31.56 billion, ahead of estimates of $30.75 billion. The bank said debit and credit card spending climbed 9% to $266 billion during the quarter.
Segment Performance
Consumer Banking generated net income of $3.28 billion, up from $2.97 billion a year ago. Global Wealth and Investment Management reported $1.41 billion, compared with $993 million a year earlier.
