Bank of America lifts 2026 GDP growth outlook to 2.2% as Q2 net income surges 27% to $9.1 billion.
Bank of America reported second-quarter net income of $9.1 billion, a 27% increase from a year earlier, with earnings per share rising 34%. The results reflect resilience in consumer spending and broader economic durability despite inflation risks.
The bank’s research team revised its 2026 U.S. GDP growth forecast upward to 2.2%, citing strong consumer activity and AI-driven investments. CEO Brian Moynihan noted the economy has absorbed pressure better than expected, though inflation and monetary policy remain key risks.
BAC shares rose 2% in morning trading following the earnings release, signaling investor confidence in the bank’s outlook.