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Corporate and Financial News

6/4/13 10:00 am EDT

Bank of America Chief Financial Officer Bruce Thompson will participate in the Morgan Stanley Financials Conference in New York on Tuesday, June 11, 2013 at 7:25 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...

5/28/13 4:01 pm EDT

Bank of America Corporation announced today that it has submitted redemption notices for its 6.70% Noncumulative Perpetual Preferred Stock, Series 6 (the Series 6 Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series 6 Preferred Stock (the Series 6 Depositary Shares), and its 6.25% Noncumulative Perpetual Preferred Stock, Series 7 (the Series 7 Preferred Stock), and the corresponding depositary more...

5/23/13 1:33 pm EDT

Bank of America Chief Executive Officer Brian Moynihan will participate in the Sanford C. Bernstein 29th Annual Strategic Decisions Conference in New York on Thursday, May 30, 2013 at 2 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...

5/21/13 8:56 am EDT

Bank of America Corporation today announced an underwritten public offering of depositary shares, each representing a 1/25th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series U, with a liquidation preference of $25,000 per share (equivalent to $1,000 per depositary share). BofA Merrill Lynch will serve as sole book-running manager for the offering.

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5/8/13 11:05 am EDT

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

Shareholders elected all 13 of the company’s board of director nominees, approved a management advisory proposal on compensation of named executive officers and ratified the appointment of the company’s independent accounting firm. None of the shareholder proposals were approved more...

5/6/13 3:28 pm EDT

Bank of America Corporation today announced a comprehensive settlement with MBIA Inc. to resolve all outstanding representations and warranties claims and all other claims between the parties. The agreement requires certain approvals of the New York State Department of Financial Services, which are expected to be received shortly, at which point the parties will execute the agreements and promptly close all contemplated transactions described more...

4/30/13 12:40 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 on June 28, 2013 to shareholders of record as of June 7, 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 on July 25, 2013 to shareholders of more...

4/17/13 7:00 am EDT

Bank of America Corporation today reported net income of $2.6 billion, or $0.20 per diluted share, for the first quarter of 2013, compared to $653 million, or $0.03 per diluted share, in the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)C basis rose 5 percent to $23.7 billion from $22.5 billion a year ago.

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4/2/13 9:00 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 14, 2013 to shareholders of record as of May 31, 2013.

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

4/1/13 4:01 pm EDT

Bank of America Corporation announced today that it has submitted redemption notices for its 8.20% Non-Cumulative Preferred Stock, Series H (the Series H Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series H Preferred Stock (the Series H Depositary Shares), and its 8.625% Non-Cumulative Preferred Stock, Series 8 (the Series 8 Preferred Stock), and the corresponding depositary shares more...

3/15/13 4:05 pm EDT

Bank of America Corporation today announced that Mukesh D. Ambani will join the Bank of America Global Advisory Council in May. Ambani has decided not to seek another term on the company’s board of directors at its 2013 annual meeting of stockholders.

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3/15/13 9:30 am EDT

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly 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, 2013 to shareholders of record as of April 1, 2013.

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3/14/13 4:45 pm EDT

Bank of America today announced that the company’s Board of Directors authorized the repurchase of up to $5.0 billion of common stock and the redemption of approximately $5.5 billion in preferred stock.

The Federal Reserve Board has informed the company that it completed its 2013 Comprehensive Capital Analysis and Review and that it did not object to the company’s capital plan, including proposed capital actions.

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3/7/13 5:23 pm EST

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

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2/25/13 10:30 am EST

Bank of America Corporation today announced it will report its first-quarter 2013 financial results on Wednesday, April 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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2/1/13 7:00 am EST

Bank of America Corporation has announced that all pre-conditions necessary to allow principal closing of the sale of its International Wealth Management business based outside the United States have been met. As a result, ownership of Merrill Lynch Bank (Suisse) has today transferred to Julius Baer Group. Further transfers will occur in due course.

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1/25/13 2:00 am EST

Bank of America today announced the formation of the Bank of America Global Advisory Council with the appointment of 13 internationally recognized business, academic and public policy leaders. The Global Advisory Council will share expertise and insights on the bank’s global engagement and help it further strengthen its worldwide relationships.

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1/23/13 4:03 pm EST

The Bank of America Corporation Board of Directors today appointed Arnold Donald, a former chairman and chief executive officer of Merisant Co., and Lionel L. Nowell III, a former treasurer of PepsiCo Inc., as new directors. The appointments are effective immediately.

“The board welcomes the extensive expertise and judgment Arnold and Lionel bring,” said Charles O. Holliday, chairman of the Bank of America board. “We look forward to more...

1/23/13 12:08 pm 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 on March 22, 2013 to shareholders of record as of March 1, 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 on April 25, 2013 to shareholders of more...

1/23/13 2:00 am EST

“At a time of continuing economic uncertainty, nine out of 10 global decision-makers now believe greater collaboration between business, government and other sectors is essential if the world’s economy is to recover.”

This was the main finding of a recent study by PSB, as part of research Bank of America is conducting to better understand customers and clients.

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1/17/13 7:00 am EST

Bank of America Corporation today reported net income of $0.7 billion, or $0.03 per diluted share, for the fourth quarter of 2012, compared to $2.0 billion, or $0.15 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)B basis was $18.9 billion.

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1/7/13 7:30 am EST

Bank of America today announced agreements with the Federal National Mortgage Association (Fannie Mae) to resolve outstanding and potential repurchase and certain other claims relating to the origination, sale and delivery of substantially all residential mortgage loans originated and sold directly to Fannie Mae from January 1, 2000 through December 31, 2008 by entities related to Countrywide Financial Corporation (legacy Countrywide) and Bank of America, National Association (BANA).

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1/3/13 9:00 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, 2013 to shareholders of record as of February 28, 2013.

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