Bank of America's average loans rose 8% year over year in the second quarter, faster than the 2% growth in deposits, with consumer balances up about 1% versus 8% in Global Banking. Net interest income still increased 9%. Average Consumer Banking deposits reached $957 billion, up from $950.8 billion in the first quarter, while the rate paid on them fell to 0.48% from 0.58% a year earlier. The bank estimates that 92% of consumer checking accounts are customers' primary accounts, which the article says gives customers reasons to stay. Global Banking deposits paid 2.23%, and the article notes faster growth in that category could increase sensitivity to interest rates. The stock trades at about 11x forward P/E versus 13x trailing.
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Bank of Americabanksdepositsinterest rates
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JPM
▲ Likely positiveJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/19/2026 | 333.53 |
| Change that session | -1.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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