Bank of America (BAC) Bank of America 31th Annual Financials CEO Conference summary

Macroeconomic and business environment

• U.S. economic growth remains strong and more diversified, with wage growth highest among lower-income groups and elevated deposit balances supporting consumer strength.

• Small businesses show high optimism and hiring intent, contributing to economic resilience.

• No signs of macroeconomic deterioration in the U.S.; international growth is mixed but supported by global payments and supply chain shifts.

Recent performance and market outlook

• Second quarter of 2026 was exceptionally strong, but current quarter is expected to be less robust.

• Performance varies by product and geography, with ongoing focus on long-term growth over quarterly fluctuations.

• Over 10% annual growth achieved in markets business since 2020, with continued optimism for investment and activity.

Strategic growth opportunities

• Emphasis on deepening and broadening client relationships across business lines, especially leveraging existing customer bases.

• Significant potential to increase cross-selling of products, particularly in consumer investments and credit cards.

• Focus on driving synergies across business units to enhance client and shareholder value.