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  • 10/20/14 1:00 pm EDT

    New Service From Apple Provides Simple, Secure Payment Method

    Bank of America today began offering its customers and merchants access to Apple Pay, a new mobile payments service that provides an easy and secure way to pay. Enhanced security is at the core of Apple Pay. When customers add a credit or debit card to Apple Pay, the actual card number is not stored on Apple servers, and only the last four digits of the actual card number is stored on the device. Instead, a unique virtual cardmore...
  • 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...
Awards & Recognition
 

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

BOFA_NEWS ON TWITTER

RT @JAXPartnership: Great insight from Brian Moynihan on technology and banking. 16 million BofA customers use mobile banking. Number growi…-12 hours 8 min ago
RT @JAXChamber: Packed house @HyattJAXX for @JAXPartnership luncheon, a conversation with @BofA_News CEO Brian Moynihan. http://t.co/RSHFWM…-12 hours 28 min ago
#ApplePay is now available to #BofA customers, offering a new way to make payments on the go with a simple touch: http://t.co/8NbctPtjqN-12 hours 43 min ago
Ethan Harris, @BofAML co-head of Global Economics Research, will appear on @BloombergTV Street Smart today at 3:45PM ET.-13 hours 28 min ago
Our customers can now make easy mobile payments w/#ApplePay, avail for eligible #BofA cards: http://t.co/MWHWp4odrU http://t.co/PuHSdQ2YQR-15 hours 23 min ago

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