Bank of America just smashed Q2 earnings with a 15% revenue surge to $31.6 billion and a 27% jump in net income to $9.1 billion—driven by explosive growth across all business segments. Fee income, especially investment banking, soared 50%, while net interest income climbed 9%. They’re cutting costs without sacrificing AI and tech investments, with over 300 AI use cases approved and 100 live—boosting productivity and client service. Asset quality remains strong, and they returned $8 billion to shareholders. With resilient consumer spending and a 2.2% GDP forecast, BoA is bullish on full-year net interest income growth (aiming for the top end of their 6–8% range) and raised their operating leverage forecast to 300–400 basis points. This balanced, AI-powered strategy positions them for sustained success in a tough economy.
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