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  • 4/16/14 7:00 am EDT

    Results Include Litigation Expense of $6.0 Billion (Pretax) or Approximately $0.40 per Share (After Tax)

    Previously Announced Capital Actions Include Common Stock Dividend Increase to $0.05 Per Share in Q2-14 and a New $4 Billion Common Stock Repurchase Program

    Continued Business Momentum

    • Total Period-end Deposit Balances up $38 Billion From Q1-13 to a Record $1.13 Trillion
    • Funding of $10.8 Billion in Residential Home Loans and Home Equity Loans in Q1-14 Helped More Than 36,000 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1 Million New Credit Cards Issued in Q1-14
    • Global Wealth and Investment Management Reports Record Asset Management Fees of $1.9 Billion; Pretax Margin of 25.6 Percent
    • Global Banking Average Loan Balances up 11 Percent From Q1-13 to $271 Billion
    • Bank of America Merrill Lynch Maintained a Leadership Position in Investment Banking with Total Firmwide Fees of $1.5 Billion in Q1-14
    • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q1-13
    • Credit Quality Continued to Improve With Net Charge-offs Down 45 Percent From Q1-13

    Capital and Liquidity Remain Strong

    • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) Increased to 9.3 Percent in Q1-14; Advanced Approaches Remains Strong at 9.9 Percent(D)
    • Estimated Supplementary Leverage Ratios Above Required Minimums(E)
    • Long-term Debt Down $25 Billion From Year-ago Quarter, Driven by Maturities and Liability Management Actions
    • Record Global Excess Liquidity Sources of $427 Billion, up $55 Billion From Q1-13; Time-to-required Funding at 35 Months

    First-quarter 2014 Earnings Press Release (PDF)Supplemental First-quarter 2014 Financial InformationBank of America Corporation today reported a net loss of $276 million, or $0.05 per diluted share, for the first quarter of 2014, compared to net income of $1.5 billion, or $0.10 per diluted share, in the year-ago period.Revenue, net of interest expense, on an FTE basis(A) declined 3 percent from the first quarter of 2013 to $22.8 billion. Excluding the impact of net debit valuation adjustmentsmore...
  • 4/15/14 8:30 am EDT

    Emerging Markets Pessimism Unwinding

    Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, according to the BofA Merrill Lynch Fund Manager Survey for April. The survey, taken between April 4 and April 10, 2014 showed that the number of investors believing the global economy will grow over the next 12 months was steady at a bullish net 62 percent, unchanged from March and higher than the 56 percent in Februarymore...
  • 4/14/14 10:00 am EDT

    Limited Entries Still Available Through the Official Charity Program

    Today, the Bank of America Chicago Marathon announced that 45,000 entrants were selected to run the 2014 race. The field will be comprised of non-guaranteed lottery entrants and guaranteed entrants, which include time qualifiers, legacy finishers, international tour groups, and charity runners. The 37th annual event will take place on Sunday, October 12, 2014, where participants will compete on the flat and fast Chicago course. “more...
Awards & Recognition

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


BREAKING: #BofA reports first-quarter 2014 financial results. Press Release available here: hours 3 min ago
April #BofAML Fund Manager Survey: Value stocks expected to outperform growth stocks over next 12 months hours 54 min ago
RT @BofA_Community: In 1863 The Gettysburg Address changed history. Watch @GreenwoodVT students bring it to life tonight. #TheAddressPBS ht…-19 hours 17 min ago
RT @BofA_Community: In 1864 The Gettysburg Address changed history. Watch @GreenwoodVT students bring it to life tonight. #TheAddressPBS ht…-21 hours 32 min ago
#BofAML April Fund Manager Survey: Emerging Markets pessimism unwinding hours 44 min ago

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