BAC Q2 Beat: NII Ticks Up, Credit Holds

Bank of America (BAC) beat Wall Street estimates for the second quarter, helped by a sequential rise in net interest income and stable credit metrics. The bank reported EPS of $1.12, above the $1.04 consensus, on revenue of $26.8 billion. Net interest income came in at $14.2 billion, up 2% from the first quarter, as loan growth and lower deposit costs offset modest pressure from rate cuts. Provisions for credit losses were $1.1 billion, roughly flat from Q1 and below the $1.3 billion analysts had expected. Charge-offs in credit cards ticked up slightly but remained within the bank's guided range. The CET1 ratio stood at 11.8%, above the regulatory minimum. BAC shares rose 3.2% in early trading. The bank's Alpha Score sits at 45, a Mixed reading, reflecting steady earnings momentum against a still-uncertain rate path.