BANK OF AMERICA

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Corporate and Financial News

12/2/13 7:30 am EST

Bank of America today announced an agreement with the Federal Home Loan Mortgage Corporation (Freddie Mac) to resolve all remaining representations and warranties claims for residential mortgage loans sold to Freddie Mac through the end of 2009.

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11/21/13 10:35 am EST

Bank of America Corporation announced today that it has issued a “green bond” consisting of a three-year, fixed-rate bond that is $500 million in aggregate principal amount. This issuance of bonds is part of the company’s ongoing commitment to advance renewable energy initiatives and promote energy efficiency.

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11/5/13 2:00 pm 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 12, 2013 at 8 a.m. Eastern Time in New York.

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

10/31/13 8:30 am EDT

Bank of America Corporation and its wholly-owned subsidiary BAC Canada Finance Company (together, the “Offerors”) today announced that their pending tender offers (the “Offers”) for certain of their respective senior notes due 2014 listed in the table below (collectively, the “Notes”) have been oversubscribed. Pursuant to the terms of the Offers, the Offerors will accept approximately $4.0 billion in aggregate principal amount of Notes (or its more...

10/24/13 10:56 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 $0.01 per share, payable December 27, 2013 to shareholders of record as of December 6, 2013.

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 24, 2014 to shareholders of more...

10/17/13 8:00 am EDT

Bank of America Corporation and its wholly-owned subsidiary BAC Canada Finance Company (together, the “Offerors”) today announced the commencement of offers to purchase for cash (the “Offers”) certain of their respective senior notes that have maturities in 2014 and are listed in the table below (collectively, the “Notes”) for aggregate cash consideration of up to US$4.0 billion or its equivalent in the currencies in which certain of the Notes more...

10/16/13 7:00 am EDT

Third-Quarter 2013 Earnings Press Release (PDF)

Supplemental Third-Quarter 2013 Financial Information

Bank of America Corporation today reported net income rose to $2.5 billion in the third quarter of 2013 from $340 million in the year-ago quarter. Earnings per diluted share increased to $0.20 from $0.00 in the third quarter of 2012. For the nine months ended September 30, 2013, net income increased to $8.0 more...

10/15/13 4:30 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 December 16, 2013 to shareholders of record as of November 29, 2013.

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

10/1/13 10:30 am EDT

Bank of America announced today that it has completed the merger of its Merrill Lynch & Co., Inc. subsidiary into Bank of America Corp. Bank of America previously stated that it was considering merging Merrill Lynch & Co., Inc. directly into Bank of America Corp. as early as the fourth quarter of 2013. The merger has no effect on the Merrill Lynch name and brand, and will have no impact on customers or clients.

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9/16/13 1:28 pm EDT

Bank of America today made available the results of the 2013 Dodd-Frank Act Mid-Cycle Stress Test on the Bank of America Investor Relations website at http://investor.bankofamerica.com. more...

9/16/13 9:30 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, 2013 to shareholders of record as of October 1, 2013.

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9/13/13 9:30 am EDT

Bank of America Corporation today announced it will report its third-quarter 2013 financial results on Wednesday, October 16, 2013. 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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9/4/13 11:00 am EDT

Bank of America Chief Financial Officer Bruce Thompson will present at the Barclays Global Financial Services Conference in New York on Wednesday, September 11, at 11:15 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...

9/3/13 4:02 pm EDT

Bank of America Corporation today announced that it agreed to sell its remaining equity investment in China Construction Bank Corporation (CCB), representing approximately 2 billion shares, or 1 percent of all CCB shares outstanding. The strategic assistance agreement (SAA) between Bank of America and CCB, which was recently extended to 2016, will continue.

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8/15/13 7:30 am EDT

Bank of America Corporation and its wholly-owned subsidiaries, Merrill Lynch & Co., Inc. and BAC Canada Finance Company (together, the “Offerors”), today announced the expiration of their offers to purchase (the “Maximum Offer”) for up to $2.863 billion cash (the “Maximum Payment Amount”) 11 series of their respective senior notes that have maturities in 2014 and are listed in the table below (the “Maximum Offer Notes”).

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8/1/13 3:00 am EDT

Bank of America Corporation and its wholly-owned subsidiaries, Merrill Lynch & Co., Inc. and BAC Canada Finance Company (together, the “Offerors”), today announced the purchase prices and certain results to date relating to their previously announced offers to purchase for cash (the “Offers”) 13 series of their respective senior notes that have maturities in 2014 and are listed in the tables below (the “Notes”).

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7/24/13 4:37 pm EDT

Bank of America’s Board of Directors today appointed Clayton Rose and Pierre de Weck as new directors. The appointments are effective immediately.

Dr. Rose, 54, is a professor of Management Practice at the Harvard Business School and a former executive of J.P. Morgan & Co., Inc. De Weck, 63, served as Chairman and Global Head of Private Wealth Management of Deutsche Bank and has held senior executive positions at Citicorp and more...

7/24/13 1:55 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 September 27, 2013 to shareholders of record as of September 6, 2013.

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 25, 2013 to shareholders more...

7/18/13 3:22 am EDT

Bank of America Corporation and its wholly-owned subsidiaries Merrill Lynch & Co., Inc. and BAC Canada Finance Company (together, the “Offerors”) today announced the commencement of offers to purchase for cash relating to 13 series of their respective senior notes that have maturities in 2014 and are listed in the tables below (the “Notes”).

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7/17/13 7:00 am EDT

Bank of America Corporation (NYSE: BAC) today reported that second-quarter 2013 net income rose 63 percent to $4.0 billion from $2.5 billion in the second quarter of 2012. Earnings per diluted share increased to $0.32 from $0.19 in the second quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)A basis rose 3 percent to $22.9 billion from $22.2 billion a year ago.

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7/2/13 4:01 pm EDT

Bank of America Corporation announced today that it has submitted redemption notices for its 7.25% Non-Cumulative Preferred Stock, Series J (the Series J Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series J Preferred Stock (the Series J Depositary Shares).

As previously announced on May 21, 2013, the company intends to use the net proceeds of its offering of Non-Cumulative Perpetual more...

7/2/13 9:35 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 September 16, 2013 to shareholders of record as of August 30, 2013.

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

6/17/13 1:34 pm 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 July 30, 2013 to shareholders of record as of July 1, 2013.

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6/14/13 9:30 am EDT

Bank of America Corporation today announced it will report its second-quarter 2013 financial results on Wednesday, July 17, 2013. 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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6/7/13 9:00 am EDT

Bank of America Corporation announced today that it will submit a redemption notice to the institutional trustee for Progress Capital Trust IV, which will result in the redemption of all $5 million aggregate liquidation amount outstanding of the trust preferred securities of Progress Capital Trust IV designated as the Floating Rate MMCapSSM. The redemption date for these securities will be July 7, 2013, and the cash redemption price to be paid more...