Subscribers to Schaeffer's Weekend Trader options recommendation service received this BAC commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Li Lu's Himalaya Capital cut its Bank of America (NYSE:BAC | BAC Price Prediction) position by roughly 71% and redeployed the proceeds into the three companies that grade, index, and monitor the credit system itself.
BAC posts 34.4% EPS growth in 2Q26 as record NII, strong trading and investment banking results highlight the strength of its diversified business model.
Bank of America Corporation continues to deliver robust financial performance, with Q2 EPS of $1.22 and a 14% dividend increase. BAC's preferred shares, particularly Series GG (BAC.PR.B), offer over 6% yield and trade slightly below par, presenting attractive income opportunities. The Series GG preferreds face potential call risk if interest rates decline, while Series L offers balance sheet benefits via possible conversion.
Yet it's devoting far more capital to share buybacks. And there's more where that came from.
Embedded finance and the impact of FinTech pacts are showing up on bank balance sheets. There are different paths toward getting here.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is expected to deliver second quarter results above Wall Street expectations when it reports earnings on July 29, according to Bank of America analysts, who believe that healthy advertising demand and AI-driven improvements should support revenue and earnings despite foreign exchange headwinds. Bank of America revised its estimates and now expects Meta to report Q2 revenue of $60.6 billion and earnings per share of $7.50, above the consensus estimates of $60.2 billion and $7.18, respectively.
When Bank of America (NYSE:BAC | BAC Price Prediction) named Brian Moynihan CEO on January 1, 2010, he took over a bank still reeling from the Countrywide and Merrill Lynch acquisitions, tens of billions in looming legal settlements, and a shredded balance sheet.
Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters on Friday.
Headline earnings beats across money-center banks frequently mask deep divergences in net interest income sustainability and operational leverage. A rapid glance at big bank second-quarter 2026 earnings reports shows broad consensus beats across the board.
Bank of America Chair and CEO Brian Moynihan discusses the continued strength of the US consumer and breaks down the firm's second-quarter earnings. Moynihan also talks about lending and mortgages, inflation, and the role of data and AI within the company on “Bloomberg Surveillance.
As always, the quarterly earnings were kicked off by the major large-cap money center banks, and as expected they all delivered solid earnings reports.