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Press Releases

  • 10/21/14 8:00 am EDT

    New Study Offers Insights Into the Giving Motivations, Priorities and Strategies of Wealthy Americans

    Among wealthy households, the average amount given to charity last year increased 28 percent, according to the 2014 U.S. Trust® Study of High Net Worth Philanthropy. Through an ongoing partnership with the Indiana University Lilly Family School of Philanthropy, the fifth in this series of biennial studies reveals a strong commitment to charitable causes among high net worth households. This positive trend is seen in several findings, includingmore...
  • 10/20/14 1:00 pm EDT

    New Service From Apple Provides Simple, Secure Payment Method

    Bank of America today began offering its customers and merchants access to Apple Pay, a new mobile payments service that provides an easy and secure way to pay. Enhanced security is at the core of Apple Pay. When customers add a credit or debit card to Apple Pay, the actual card number is not stored on Apple servers, and only the last four digits of the actual card number is stored on the device. Instead, a unique virtual cardmore...
  • 10/15/14 7:00 am EDT

    Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

    Continued Business Momentum

    • Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
    • Originated $14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1.2 Million New Credit Cards Issued in Q3-14, With 64 Percent Going to Existing Relationship Customers
    • Global Wealth and Investment Management Reports Record Revenue and Record Earnings
    • Total Firmwide Investment Banking Fees up 4 Percent From Q3-13 to $1.4 Billion
    • Sales and Trading Revenue, Excluding Net DVA, up 9 Percent From Q3-13(B)
    • Noninterest Expense, Excluding Litigation, Down $1.1 Billion From Q3-13 to $14.2 Billion(C)
    • Credit Quality Continued to Improve With Net Charge-offs Down 38 Percent From Q3-13 to $1.0 Billion; Net Charge-off Ratio of 0.46 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) 9.6 Percent in Q3-14; Advanced Approaches 9.6 Percent in Q3-14(D)
    • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Parent Company at Approximately 5.5 Percent and Primary Bank at Approximately 6.8 Percent(E)
    • Global Excess Liquidity Sources Remain Strong at $429 Billion, up $70 Billion From Q3-13; Time-to-required Funding at 38 Months
    • Tangible Book Value per Share Increased 4 Percent From Q3-13 to $14.13 per Share(F)
    Third-quarter 2014 Earnings Press ReleaseSupplemental Third-quarter 2014 Financial InformationBank of America Corporation today reported net income of $168 million for the third quarter of 2014. After deducting dividends on preferred shares, the company reported a loss of $0.01 per share. The results include the previously announced pretax charge of $5.3 billion for the settlement with the Department of Justice, certain federal agencies and six states (DoJ Settlement), which impacted earningsmore...
Awards & Recognition

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


How do we say thank you to our military members? A once in a lifetime surprise by @davidortiz: hours 34 min ago
Tomorrow @IWMF honors 3 women who faced immeasurable obstacles to report the news. Proud to help honor these amazing women. #IWMFCourage-13 hours 35 min ago
RT @banktech: How @BofA_News's wholesale business is transforming #IT infrastructure & customer experience http://t.…-13 hours 44 min ago
RT @adajane: Business owners confident in selves, not economy, @BofA_News survey shows @YSmallBusiness: hours 38 min ago
Our $1MM donation to help address the #Ebola outbreak supports @WFP @theIRC @CDCFound @PIH @SavetheChildren-20 hours 11 min ago

Executive Biographies