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Press Releases

  • 4/22/14 10:00 am EDT

    BankAmeriDeals/CMO Club Poll Reveals Revenue Lift and Satisfaction Among CMOs for Card-linked Marketing

    Card-linked marketing programs - like BankAmeriDeals®, an online and mobile cash back deals program for Bank of America® customers - are highly effective in increasing revenue, customer insights and advanced targeting to marketing programs, but are underutilized by chief marketing officers (CMOs), according to a new survey released today by Bank of America and The CMO Club. The survey, which polled CMOs on their preferences andmore...
  • 4/17/14 9:00 am EDT
    Merrill Lynch was awarded “Advisory Solutions Sponsor Product of the Year” by the Money Management Institute (MMI) for its investment advisory platform, Merrill Lynch One. The award category recognizes the introduction of the year’s most innovative solution and its contribution to the growth of the wealth management industry.Established in 1997, MMI is a national association and leading voice for global financial services organizations that provide advice and professionally-managedmore...
  • 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...
Awards & Recognition

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


RT @BrookingsGlobal: This week: We'll host a discussion on #CSR & the #globaldev agenda. Register to join us in person or watch online: htt…-1 min 27 sec ago
#BofA's David Reilly: "We have a laser focus on inefficiency; we drive out valueless complexity." @DataAccelerate min 13 sec ago
RT @MerrillLynch: Celebrate #EarthDay2014 by considering ways to invest for a better world. #ActsofGreen: hour 17 min ago
RT @GOBankingRates: Congrats @BofA_News for making the #1 spot in our study of the best #banks for #collegestudents hours 10 min ago
Why invest in women? Research shows empowering women results in stronger economies. #GlobalAmbassadors Program in #Belfast starts next month-3 days 21 hours ago

Executive Biographies