New York, 14 July 2026 – Bank of America reported a sharp increase in second-quarter profit as market volatility lifted trading activity and a revival in corporate transactions drove investment banking fees higher.
Net income rose 27% to US$9.1 billion in the three months ended 30 June, compared with US$7.2 billion a year earlier. Diluted earnings per share climbed to US$1.21 from US$0.90, exceeding the US$1.12 consensus estimate reported ahead of the results.
I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.
Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.
Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.
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