CLAIM #10031 · Bank of America Corp (BAC) · 2026Q2 earnings call · Jul 14, 2026 · due Dec 31, 2026
“Well, year-over-year it'll be up because we've put more balance sheet into the business.”
Alastair Borthwick · CFO
How to check this claim
Look at: Markets/trading-related net interest income (or the specific balance-sheet-driven revenue line Borthwick is referencing), quarterly
It came true if: Full-year figure higher than prior year's reported figure, with Q3 and Q4 quarterly amounts each roughly in line with (not materially below) Q1 and Q2 levels
Where: BAC quarterly earnings supplement / 10-Q disclosures on net interest income
In context
“Alastair Borthwick: Well, year-over-year it'll be up because we've put more balance sheet into the business. We can sort of see that. I'm just saying if you were to look at first quarter, second quarter, kind of expect a similar kind of number in third and fourth.”
Verify independently
SEC filings for BAC ↗ · Claim quote is verbatim from the 2026Q2 earnings call.