Bank of America Q2 Earnings Preview: Deposit Costs in the Crosshairs

Bank of America BAC is set to report before the bell on Wednesday, July 16. Consensus calls for EPS of $0.86 on revenue of $26.75 billion, both slightly higher YoY. The stock is up 6% year to date, after the almost 40% run from April's lows.

Investors will zero in on three swing factors. First, net interest income (NII): sector-wide forecasts point to a 7% uptick for Bank of America as lower deposit costs meet still-elevated asset yields. Any hint that NII is topping out would pressure estimates for the back half. Second, credit quality and capital returns remain in focus after the bank cleared Fed stress tests and boosted its dividend. Finally, with trading desks benefiting from tariff-driven volatility and investment-banking pipelines rebuilding, upside in market revenue may offset any slip in fee income.

With the shares just 5% below their 52-week high and trading at 12.5 forward earnings, expectations are balanced but leave little room for disappointment on NII trajectory or fee momentum.