Bank Of America (BAC) — structural tailwind, read against the 10-Q

Bank Of Americareason 03 of 4a reason to hold, not a barrierderived 2026-09-11accession 0000070858-26-000394

Net interest income increased $1.3 billion to $16.0 billion for the three months ended June 30, 2026 primarily driven by higher net interest income related to Global Markets activity, deposit and loan growth, and fixed-asset repricing.

Net interest yield on an FTE basis increased 14 bps to 2.08 percent for the three months ended June 30, 2026 compared to the same period in 2025.

The Corporation continues to be asset sensitive to a parallel move in interest rates, with the majority of that impact coming from the short end of the yield curve.

the finding

The deposit growth figure decreased from $18.9 billion to $6.4 billion relative to year-end, with a partial offset from seasonal GWIM declines now noted; bearing on the deposit growth driver of net interest income.

The report says this changed. It does not say whether that is good or bad, so neither do we.

before · risk factors · 2026-03-31 → 2026-06-30

“Deposits at March 31, 2026 increased $18.9 billion from December 31, 2025 primarily due to deposit growth in Consumer Banking and Global Banking”