Program With Low Balance Requirement and Everyday Banking Benefits Is Now Available for Clients in California, Oregon, Arizona and Idaho
Preferred Rewards, a groundbreaking program that recognizes and rewards
clients for choosing Bank of America for more of their banking and
Merrill Edge for their investment needs, is now available for clients in
California, Oregon, Arizona and Idaho. These states are within wave two
of a four-wave national rollout of the program that began in June and
will be completed in September.
“Preferred Rewards is the first program of its kind tomore...
Long-term Debt Down $5 Billion From Year-ago Quarter
Record Global Excess Liquidity Sources of $431 Billion, up $89 Billion From Q2-13; Time-to-required Funding at 38 Months
Tangible Book Value per Share Increased 7 Percent From Q2-13 to $14.24 per Share(F)
Second-quarter 2014 Earnings Press Release (PDF)Supplemental Second-quarter 2014 Financial InformationBank of America Corporation today reported net income of $2.3 billion, or $0.19 per diluted share, for the second quarter of 2014, compared to net income of $4.0 billion, or $0.32 per diluted share, in the year-ago period. Revenue, net of interest expense, on an FTE basis(A) declined 4 percent from the second quarter of 2013 to $22.0 billion."The economy continues to strengthen, and ourmore...
Global investors have regained a strongly bullish stance on the outlook
for equity markets in the second half of 2014, according to the BofA
Merrill Lynch Fund Manager Survey for July.
A net 61 percent of global asset allocators are now overweight equities.
This ranks as the survey’s highest reading on this measure since early
2011 and represents the panel’s second-strongest response ever.
This aggressive positioning formore...