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Press Releases

  • 7/16/14 7:00 am EDT

    Results Include Litigation Expense of $4.0 Billion (Pretax) or Approximately $0.22 per Share (After Tax)

    Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $650 Million

    Business Metrics Reflect Progress on Customer-focused Strategy

    • Total Period-end Deposit Balances up $54 Billion, or 5 Percent, From Q2-13 to a Record $1.13 Trillion
    • Funding of $13.7 Billion in Residential Home Loans and Home Equity Loans in Q2-14 Helped Nearly 43,000 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1.1 Million New Credit Cards Issued in Q2-14, With 65 Percent Going to Existing Customers
    • Global Wealth and Investment Management Reports Record Revenue of $4.6 Billion and Record Total Client Balances of $2.47 Trillion
    • Global Banking Average Loan Balances up 6 Percent From Q2-13 to $271 Billion
    • Bank of America Merrill Lynch Maintained a Leadership Position in Investment Banking with Total Firmwide Fees of $1.6 Billion and Record Equity Issuance Fees in Q2-14, Excluding Self-led Deals
    • FICC Sales and Trading Revenue, Excluding Net DVA, up 5 PercentFrom Q2-13(B)
    • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q2-13 to $14.6 Billion(C)
    • Credit Quality Continued to Improve With Net Charge-offs Down 49 Percent From Q2-13 to $1.1 Billion; Net Charge-off Ratio of 0.48 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) Increased to 9.5 Percent in Q2-14; Advanced Approaches Increased to 9.9 Percent in Q2-14(D)
    • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums(E)
    • 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...
  • 7/15/14 8:30 am EDT

    Inflation Expectations Reach Record Levels

    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...
  • 7/10/14 6:11 pm EDT

    Firm Awarded Two Top Global Awards

    Bank of America Merrill Lynch has received two top honors from Euromoney magazine, being named Best Global Investment Bank and Best Global Transaction Services House in the Euromoney 2014 Awards for Excellence. This is the first time in the history of the Euromoney awards that any firm has simultaneously won both awards. In the publication’s write-up about the investment banking honor, Euromoney wrote: “Bank of America Merrill Lynch hasmore...
Awards & Recognition

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


Read #BofA's Julie Chavez's take on #BofAStudentLeaders program & how it helps Chicago area teens: min 25 sec ago
"The most innovative teams are also the most diverse teams. Gender diversity enhances innovation." - @JodyMahoney @anitaborg_org #Beijing20-3 hours 11 min ago
Partnerships are critical in addressing societal challenges that impact communities: #BofA's Ken Wade @NatUrbanLeague hours 53 min ago
RT @NatUrbanLeague: .@BofA_News partnered with us for today's Innovations for Financial Empowerment workshop. Thank you for the support! #J…-6 hours 16 min ago
Proud to sponsor @NatUrbanLeague annual conference in Cincinnati where they're empowering communities, changing lives #Jobs4All-6 hours 41 min ago

Executive Biographies