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Corporate and Financial News

7/16/14 7:00 am EDT

Second-quarter 2014 Earnings Press Release (PDF)

Supplemental Second-quarter 2014 Financial Information

Bank 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. more...

7/9/14 2:00 pm EDT

Bank of America Corporation today announced the Board of Directors has authorized dividends on 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 September 15 to shareholders of record as of August 29.

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

6/18/14 5:54 pm EDT

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable June 30 to shareholders of record as of June 24.

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 July 25 to shareholders of record as of July 11. more...

6/4/14 2:00 pm EDT

Bank of America Corporation today announced it will report its second-quarter 2014 financial results on Wednesday, July 16, 2014. 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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5/21/14 11:30 am EDT

Bank of America Chief Executive Officer Brian Moynihan will participate in the Sanford C. Bernstein 30th Annual Strategic Decisions Conference in New York on May 28 at 10 a.m. ET.

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...

5/20/14 11:30 am EDT

Christian Meissner, head of Global Corporate and Investment Banking, will participate in the Deutsche Bank Global Financial Services Investor Conference in New York on May 27 at 2:25 p.m. ET.

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...

5/8/14 11:30 am EDT

Bank of America Chief Financial Officer Bruce Thompson will participate in the Barclays Americas Select Franchise Conference 2014 in London on May 14 at 6:30 a.m. ET (11:30 a.m. local 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...

5/7/14 11:51 am EDT

Bank of America Corporation today announced the voting results of matters considered during the company’s annual meeting of shareholders in Charlotte.

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4/28/14 8:33 am EDT

Bank of America Corporation today announced a downward revision to the company’s previously disclosed regulatory capital amounts and ratios due to an incorrect adjustment related to the treatment of certain structured notes assumed in the Merrill Lynch & Co., Inc. acquisition in 2009.

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4/24/14 6:21 pm EDT

Bank of America Corporation today announced that Chief Risk Officer Terry Laughlin is moving to a new role as president, Strategic Initiatives. Geoffrey Greener, Enterprise Capital Management executive, will become chief risk officer.

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4/16/14 7:00 am EDT

First-quarter 2014 Earnings Press Release (PDF)

Supplemental First-quarter 2014 Financial Information

Bank 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 adjustments more...

4/9/14 12:31 pm EDT

Bank of America today announced that it has reached an agreement with the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) to resolve issues related to the marketing and sale of credit card debt cancellation products and billing of identity theft protection products, including those marketed and billed by its vendors.

Bank of America stopped marketing identity theft protection products in December 2011 and credit card debt cancellation products more...

4/2/14 11:00 am EDT

Bank of America Corporation today announced the Board of Directors has authorized dividends on 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 June 16, 2014 to shareholders of record as of May 30, 2014.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, more...

3/26/14 4:38 pm EDT

Bank of America today announced it reached a settlement with the Federal Housing Finance Agency (FHFA) as conservator of Fannie Mae and Freddie Mac to resolve all of FHFA’s residential mortgage-backed securities (RMBS) litigation with Bank of America, as well as other legacy contract claims.

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3/26/14 4:36 pm EDT

Bank of America today announced that it intends to increase its quarterly common stock dividend to $0.05 per share, beginning in the second quarter of 2014. Also, the Board of Directors authorized a new $4.0 billion common stock repurchase program. This authorization, which covers both common stock and warrants, replaces the prior year’s common stock repurchase program that expires on March 31, 2014.

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3/20/14 5:00 pm EDT

Bank of America today made available the results of the company’s 2014 Dodd-Frank Act Annual Stress Test on the Bank of America Investor Relations website at http://investor.bankofamerica.com under Events and Presentations. more...

3/17/14 10:55 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 April 30, 2014 to shareholders of record as of April 1, 2014.

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3/7/14 10:00 am EST

Bank of America Corporation today announced it will report its first-quarter 2014 financial results on Wednesday, April 16, 2014. 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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2/11/14 10:40 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 $0.01 per share, payable March 28, 2014 to shareholders of record as of March 7, 2014.

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, 2014 to shareholders of record more...

2/4/14 1:00 pm EST

John Thiel, managing director and head of Merrill Lynch Wealth Management, and Andy Sieg, managing director and head of Global Wealth and Retirement Solutions, will present at the Credit Suisse Financial Services Forum on Tuesday, February 11, at 1 p.m. Eastern Time.

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

1/15/14 7:00 am EST

Fourth-quarter 2013 Earnings Press Release (PDF)

Supplemental Fourth-quarter 2013 Financial Information

Bank of America Corporation today reported net income of $3.4 billion, or $0.29 per diluted share, for the fourth quarter of 2013, compared to $732 million, or $0.03 per diluted share in the year-ago period. Revenue, net of interest expense, on an FTE basisA rose 15 percent from the fourth quarter of 2012 to $21.7 billion. more...

1/14/14 11:00 am EST

Bank of America Corporation today announced the Board of Directors has authorized dividends on 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, 2014 to shareholders of record as of February 28, 2014.

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

12/16/13 3:02 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 January 30, 2014 to shareholders of record as of January 1, 2014.

more...
12/6/13 2:43 pm EST

Bank of America Corporation today announced it will report its fourth-quarter 2013 financial results on Wednesday, January 15, 2014. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

more...
12/3/13 2:00 pm EST

Bank of America Chief Executive Officer Brian Moynihan will present at the Goldman Sachs Financial Services Conference in New York on Tuesday, December 10, at 9:20 a.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. more...