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...
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...
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...