Wealth, Investment Net Income Rises At Bank Of America In Q2 2026

Editorial Staff

15 July 2026

Yesterday, the global wealth and investment arm of Bank of America announced that second-quarter 2026 net income rose to $1.413 billion versus $993 million a year earlier, and rose from $1.329 billion in the final three months of 2025.

Total revenue rose to $6.871 billion from $5.937 billion, noninterest expense rose to $4.976 billion from $4.593 billion, and return on average allocated capital was 26 per cent.

Client balances stood at $4.934 trillion at end-June, rising from $4.572 billion at the end of 2025, Charlotte, North Carolina-headquartered BoA said in a statement. Client inflows were $13.7 billion in the latest quarter, down slightly from a year earlier.

Within the private banking side, there were $802 billion of client balances and $486 billion of assets under management balances. A total of about 430 net new relationships were added in the quarter among clients holding $3 million or more.

In the Merrill Wealth Management business, there were $4.1 trillion of client balances and $1.8 trillion in AuM balances.

As in the past, BoA elaborated how deep digital engagement and usage goes with its wealth and private banking clients. Private bank clients are more digitally involved than those on the Merrill side. Some 94 per cent of private bank clients are digitally active and 77 per cent of core relationships are active on mobile devices. On the Merrill Wealth side, 87 per cent of households are digitally active and 67 per cent of households are active on mobile channels.

Group results
For the overall BoA organization, it reported a 27 per cent year-over-year rise in net income to $9.1 billion; earnings per share rose 34 per cent, on a diluted basis, to $1.21 per share. Revenue, net of interest costs, was $31.6 billion, rising by 15 per cent. Provision for credit losses in the quarter fell to $1.4 billion from $1.6 billion.

Return on average common shareholders’ equity was 12.7 per cent.

The bank had a Common Equity Ratio of 11.2 per cent on a standardized basis – well above the regulatory minimum, BoA said. The lender returned $8 billion to shareholders via a mix of repurchases and dividend payments.

Shares in Bank of America have risen 8.35 per cent since the start of this year.