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...
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...
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.