BANK OF AMERICA

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Corporate and Financial News

3/18/16 10:00 am EDT

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on May 2 to shareholders of record as of April 1.

The board also authorized a regular quarterly cash dividend of $0.40625 per depositary share on the 6.50 percent Non-Cumulative Preferred Stock more...

2/9/16 2:00 pm EST

Bank of America today announced it will report first-quarter 2016 financial results on Thursday, April 14, 2016. The results are scheduled to be released at 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

more...
2/3/16 10:15 am EST

Alastair Borthwick, head of Global Commercial Banking at Bank of America, will participate in the Credit Suisse Financial Services Forum on Wednesday, February 10 at 8:45 a.m. Eastern Time.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available. more...

1/21/16 10:17 am EST

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.05 per share, payable March 25 to shareholders of record as of March 4.

The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable April 25 to shareholders of record as of April more...

1/19/16 6:50 am EST

Fourth-Quarter 2015 Financial Results Press Release 
Supplemental Fourth-Quarter 2015 Financial Information

Bank of America (NYSE: BAC):

Financial Highlights2            Business Highlights2
              
             

Consumer Banking

• Revenue, net of interest expense, (FTE basis) up 4% to $19.8B(A)

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1/11/16 10:00 am EST

Bank of America Corporation today announced the Board of Directors has authorized dividends on the following series of preferred stock:

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on March 14 to shareholders of record as of February 29.

A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred more...

12/29/15 4:10 pm EST

Bank of America today announced the redemption of $2.0 billion of trust preferred securities. Beginning in January of 2016, these securities, unlike the corporation’s other outstanding series of trust preferred securities, will completely phase out from regulatory capital.

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12/18/15 2:00 pm EST

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on February 1, 2016 to shareholders of record as of January 1, 2016.

more...
12/16/15 4:05 pm EST

Bank of America Corporation announced today that it is increasing its prime lending rate to 3.50 percent from 3.25 percent, effective immediately.

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12/10/15 9:04 am EST

Bank of America today announced that the Federal Reserve did not object to the company’s resubmitted 2015 Capital Plan.

The Federal Reserve has provided additional information on its website at www.federalreserve.gov. more...

12/2/15 10:30 am EST

Bank of America’s Chief Executive Officer Brian Moynihan will participate in the Goldman Sachs U.S. Financial Services Conference on Wednesday, December 9 at 8:40 a.m. Eastern Time.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available. more...

11/12/15 12:00 pm EST

Bank of America announced today that David G. Leitch will succeed Gary G. Lynch as global general counsel beginning January 1. Leitch, who will be based in Charlotte, will be a member of the company’s management team reporting to Chief Executive Officer Brian Moynihan.

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11/10/15 9:00 am EST

Bank of America Chief Executive Officer Brian Moynihan will welcome attendees to the Bank of America Merrill Lynch Banking and Financial Services Conference on Tuesday, November 17 at 8 a.m. Eastern Time in New York.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available. more...

10/30/15 10:00 am EDT

Bank of America today announced it will report fourth-quarter 2015 financial results on Tuesday, January 19, 2016. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

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10/30/15 9:00 am EDT

Dean Athanasia, president of Preferred and Small Business and co-head of Consumer Banking at Bank of America, will participate in the BancAnalysts Association of Boston Conference on Friday, November 6 at 11:30 a.m. Eastern Time.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available. more...

10/22/15 10:42 am EDT

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.05 per share, payable December 24 to shareholders of record as of December 4.

The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable January 25, 2016 to shareholders of record as more...

10/14/15 7:00 am EDT

Third-quarter 2015 Financial Results Press Release 
Supplemental Third-quarter 2015 Financial Information 

Bank of America Corporation today reported net income of $4.5 billion, or $0.37 per diluted share, for the third quarter of 2015, compared to a net loss of $232 million, or $0.04 per share, in the year-ago period. more...

10/9/15 3:02 pm EDT

Bank of America Corporation today announced the Board of Directors has authorized dividends on the following series of preferred stock:

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on December 14 to shareholders of record as of November 30.

A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative more...

9/22/15 10:35 am EDT

Bank of America shareholders today approved a proposal to ratify the 2014 amendments to the company’s bylaws that permitted the board of directors to determine its leadership structure, including appointing an independent chairman or appointing a lead independent director when the chairman is not an independent director.

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9/18/15 10:00 am EDT

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on October 30 to shareholders of record as of October 1.

more...
9/3/15 4:15 pm EDT

Bank of America today announced the Federal Reserve Board and the Office of the Comptroller of the Currency have permitted Bank of America and its national subsidiary banks to begin using the Advanced approaches capital framework to determine risk-based capital requirements in the fourth quarter of 2015.

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9/1/15 10:00 am EDT

Bank of America’s Chief Executive Officer Brian Moynihan will participate in the Barclays Global Financial Services Conference on Thursday, September 17 at 7.30 a.m. Eastern Time.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available. more...

8/14/15 11:00 am EDT

Bank of America today announced it will report third-quarter 2015 financial results on Wednesday, October 14. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

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8/13/15 4:40 pm EDT

Bank of America Corporation today announced that it will hold a special meeting of shareholders on September 22 to vote on a proposal to ratify the board of directors’ October 2014 amendments to the company’s bylaws. Those amendments authorized the board to determine its leadership structure, including appointing an independent chairman, or appointing a lead independent director when the chairman is not an independent director.

more...
7/23/15 11:09 am EDT

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.05 per share, payable September 25 to shareholders of record as of September 4.

The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable October 23 to shareholders of record as of more...