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Press Releases

  • 1/20/15 8:30 am EST

    U.S. Equities and Real Estate in Favor; Too Soon to Back Oil

    Global investors have put some of their cash to work in spite of a more downbeat assessment of global growth and corporate profits, according to the BofA Merrill Lynch Fund Manager Survey for January. Investors have regained a muted risk appetite, turning to U.S. equities, bonds and real estate. The proportion of respondents overweight cash has tumbled to a net 17 percent from a net 28 percent last month. Average cash positions havemore...
  • 1/15/15 7:00 am EST

    Results Include a Total of $1.2 Billion in Negative Charges to Revenue ($0.07 per Share) for Market-related Net Interest Income Adjustment, Adoption of Funding Valuation Adjustments (FVA)(A), and Net Debit Valuation Adjustments (DVA)

    Full-year 2014 Net Income of $4.8 Billion, or $0.36 per Diluted Share, on Revenue of $85.1 Billion(B)

    Continued Business Momentum

    • Originated $15 Billion in Residential Mortgage Loans and Home Equity Loans in Q4-14, Helping Approximately 41,000 Home Owners Purchase a Home or Refinance a Mortgage
    • Issued 1.2 Million New Credit Cards in Q4-14, With 67 Percent Going to Existing Relationship Customers
    • Delivered Record Asset Management Fees in Global Wealth and Investment Management of $2.1 Billion; Pretax Margin of 25 Percent in Q4-14
    • Global Banking Increased Loans by $3.1 Billion, or 1.2 Percent, From Q4-13 to $273 Billion
    • Reduced Noninterest Expense to $14.2 Billion in Q4-14, Lowest Quarterly Expense Level Since Merrill Lynch Merger
    • Excluding Litigation, Noninterest Expense Down $1.2 Billion From Q4-13 to $13.8 Billion(C)
    • Legacy Assets and Servicing Expenses, Excluding Litigation, Down $0.7 Billion, or 38 Percent From Q4-13 to $1.1 Billion(D)
    • Credit Quality Continued to Improve With Net Charge-offs Down $0.7 Billion, or 44 Percent, From Q4-13 to $0.9 Billion; Net Charge-off Ratio of 0.40 Percent Is Lowest in a Decade

    Record Capital and Liquidity Levels

    • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) 10.0 Percent in Q4-14; Advanced Approaches 9.6 Percent in Q4-14(E)
    • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Bank Holding Company at 5.9 Percent and Primary Bank at 7.0 Percent(F)
    • Record Global Excess Liquidity Sources of $439 Billion, up $63 Billion from Q4-13; Time-to-required Funding at 39 Months
    • Tangible Book Value per Share Increased 5 Percent From Q4-13 to $14.43 per Share(G)
    • Book Value per Share Increased 3 Percent From Q4-13 to $21.32 per Share
    Fourth-quarter 2014 Earnings Press ReleaseSupplemental Fourth-quarter 2014 Financial InformationBank of America Corporation today reported net income of $3.1 billion, or $0.25 per diluted share, for the fourth quarter of 2014, compared to $3.4 billion, or $0.29 per diluted share in the year-ago period. Revenue, net of interest expense, on an FTE basis(B) was $19.0 billion, compared to $21.7 billion in the fourth quarter of 2013.Results for the most recent quarter include three adjustments thatmore...
  • 1/12/15 11:26 am EST

    TV Spot Encourages Clients to “Get Used to Getting More” in Their Everyday Banking Transactions

    Bank of America today unveiled a new advertising campaign to support the recent launch of Preferred Rewards. A first-of-its-kind program in the banking industry, Preferred Rewards recognizes Bank of America clients by offering everyday rewards across their banking relationship – not just within a single product or service. The advertising platform, “Get More,” highlights the ways in which Preferred Rewards clients earn more, save more andmore...
Awards & Recognition

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


RT @BofA_Community: We're proud to partner with @SpecialOlympics on the first-ever #UnifiedRelay. Get involved! http…-47 min 9 sec ago
Thinking about the communities impacted by #Juno. Stay safe and warm. Use our mobile app to check accounts and ATM/bank closures.-1 hour 52 min ago
Track the progress of #Juno and prepare for it now. Online and Mobile Banking can help pay bills or transfer funds. Be safe.-15 hours 51 min ago
#CSR for us is beyond philanthropy – it's integrated into all of our everyday practices. #wef15-19 hours 52 min ago
#Juno will hit the Northeast this week. Stay safe and warm. Check the ATM/bank locator for updated closures hours 18 min ago

Executive Biographies