Revenue Expansion Across Net Interest and Noninterest Income
Total revenue net of interest expense grew 15.0% year-over-year to $31.56B in Q2 FY2026. Net interest income increased by $1.33B to $16.00B, driven by deposit and loan growth, Global Markets activity, and fixed-asset repricing, while noninterest income rose $2.79B to $15.56B.
Strong Performance in Asset Management and Investment Banking
Investment and brokerage services income grew $873M year-over-year to $5.65B in Q2 FY2026 due to higher market valuations and positive AUM flows. Investment banking fees rose $710M to $2.14B, driven by increased debt issuance, equity issuance, and advisory activity.
Lower Credit Loss Provisions and Improved Asset Quality
Provision for credit losses fell $226M year-over-year to $1.37B for Q2 FY2026. Annualized net charge-offs as a percentage of average loans improved to 0.47%, down from 0.55% in Q2 FY2025.