BANK OF AMERICA

Newsroom

 

Facts & Resources
Customer Service

Press Releases

  • 10/15/14 7:00 am EDT

    Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

    Continued Business Momentum

    • Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
    • Originated $14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1.2 Million New Credit Cards Issued in Q3-14, With 64 Percent Going to Existing Relationship Customers
    • Global Wealth and Investment Management Reports Record Revenue and Record Earnings
    • Total Firmwide Investment Banking Fees up 4 Percent From Q3-13 to $1.4 Billion
    • Sales and Trading Revenue, Excluding Net DVA, up 9 Percent From Q3-13(B)
    • Noninterest Expense, Excluding Litigation, Down $1.1 Billion From Q3-13 to $14.2 Billion(C)
    • Credit Quality Continued to Improve With Net Charge-offs Down 38 Percent From Q3-13 to $1.0 Billion; Net Charge-off Ratio of 0.46 Percent Is Lowest in a Decade

    Capital and Liquidity Measures Remain Strong

    • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) 9.6 Percent in Q3-14; Advanced Approaches 9.6 Percent in Q3-14(D)
    • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Parent Company at Approximately 5.5 Percent and Primary Bank at Approximately 6.8 Percent(E)
    • Global Excess Liquidity Sources Remain Strong at $429 Billion, up $70 Billion From Q3-13; Time-to-required Funding at 38 Months
    • Tangible Book Value per Share Increased 4 Percent From Q3-13 to $14.13 per Share(F)
    Third-quarter 2014 Earnings Press ReleaseSupplemental Third-quarter 2014 Financial InformationBank of America Corporation today reported net income of $168 million for the third quarter of 2014. After deducting dividends on preferred shares, the company reported a loss of $0.01 per share. The results include the previously announced pretax charge of $5.3 billion for the settlement with the Department of Justice, certain federal agencies and six states (DoJ Settlement), which impacted earningsmore...
  • 10/14/14 8:30 am EDT

    Risk Appetite Declines in Response

    Concerns over the imminent end of quantitative easing in the U.S. have left investors much less confident in the outlook for the global economy and corporate profitability, according to the BofA Merrill Lynch Fund Manager Survey for October. After a sharp fall of more than 20 percentage points from September, only a net 32 percent of respondents expect the global economy to strengthen over the next 12 months. This is the lowest readingmore...
  • 10/10/14 9:00 am EDT

    From Oct. 12 Through Dec. 7, Recorded Miles Will Trigger a Bank of America Donation That Brings Us One Step Closer to an AIDS-free Generation

    Beginning on Oct. 12, the day of the Bank of America Chicago Marathon, through Dec. 7, three global brands are coming together to “TURN YOUR MILES (RED)” – harnessing the power of community to support the fight against HIV/AIDS. TURN YOUR MILES (RED) is an eight-week campaign that empowers walkers, runners and fitness enthusiasts worldwide to make a collective contribution that will save lives and effect change. For each Nike+ Running mile pledged to (RED) on www.nike.com/onestep4red,more...
Awards & Recognition
 

Awards and recognition Bank of America has received from publications and organizations

BOFA_NEWS ON TWITTER

RT @Bankrate: BofA will be the first major U.S. bank to adopt EMV security for debit cards. @BofA_News http://t.co/PJKIJGPxbo-1 day 12 hours ago
Steven Desanctis, @BofAML head of Small-Cap Strategy, will appear on PBS Nightly Business Report @bizrpt today at 6:30PM ET-2 days 5 hours ago
.@Variety honoring Donna Langley for her work w/ #GlobalAmbassadors #PowerOfWomen http://t.co/hxlWi63C1R http://t.co/Q2NmZWActT-2 days 8 hours ago
.@AnneFinucane at #ANAMasters on delivering the things our customers and clients care most about. http://t.co/aDlksOdNCn-2 days 11 hours ago
Our Glbl Chf Strtgy & Mrktng Offcr, @AnneFinucane, spkng today at #ANAMasters on how BofA repositioned itself. http://t.co/khWRdXXeLZ-2 days 11 hours ago

Executive Biographies