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Bank of America posts strong Q2 EPS $1.22, raises dividend 14%, preferred shares offer 6%+ yield.

Company Fundamentals
25 Jul 2026
Seeking Alpha
View Source
Bullish
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Bank of America Corporation reported a solid Q2 earnings per share of $1.22 and announced a 14% increase in its dividend, reflecting strong financial health. Its preferred shares, especially Series GG, provide attractive income opportunities with yields above 6%, though they carry some call risk if interest rates fall. The Series L preferred shares offer additional balance sheet advantages through possible conversion. The analyst maintains a soft buy rating on BAC common shares and recommends a diversified approach to preferred shares for income and capital growth potential.

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