Bank of America delivered an exceptionally strong second quarter, with revenue up 15% year-over-year to $31.6 billion (net of interest expense), net income up 27% to $9.1 billion, and EPS up 34% to $1.21. Growth was broad-based: every business segment expanded revenue and net income and generated positive operating leverage, led by net interest income of $16.2 billion (up 9%), record Global Markets results (sales and trading up 33%, equities a record $3.6 billion), record GWIM revenue of $6.9 billion, and a 50% jump in investment banking fees to more than $2.1 billion. The firm produced 660 basis points of operating leverage, improved its efficiency ratio to 59%, and generated a return on tangible common equity of 17% while returning $8 billion to shareholders. Management raised its outlook, now guiding full year 2026 NII growth to the upper end of its 6%-8% range and lifting full-year operating leverage guidance to 300-400 basis points, though it flagged tougher second-half comparisons. Credit quality remained stable, with net charge-offs of approximately $1.4 billion largely unchanged and a modest reserve release.