BANK OF AMERICA

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Corporate and Financial News

10/23/14 3:13 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 $0.05 per share, payable December 26 to shareholders of record as of December 5.

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 23, 2015 to shareholders of record as more...

10/15/14 7:00 am EDT

Third-quarter 2014 Earnings Press Release

Supplemental Third-quarter 2014 Financial Information

Bank of America Corporation today reported net income of $168 million for the third quarter of 2014. After deducting dividends on preferred shares, the company reported a loss of $0.01 per share. The results include the previously announced pretax charge of $5.3 billion for the settlement with the Department of Justice, certain federal agencies and six states (DoJ Settlement), which impacted earnings more...

10/9/14 3:00 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 December 15 to shareholders of record as of November 28.

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

10/1/14 4:45 pm EDT

Bank of America’s Board of Directors elected Chief Executive Officer Brian Moynihan as chairman, succeeding Charles “Chad” Holliday, Jr., effective immediately. Jack Bovender, Jr., a member of the board of directors since August 2012, will become the board’s lead independent director.

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9/16/14 11:10 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, 2014 to shareholders of record as of October 1, 2014.

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9/15/14 5:02 pm EDT

Bank of America today published the results of the 2014 Dodd-Frank Act Mid-Cycle Stress Test on the company’s Investor Relations website at http://investor.bankofamerica.com.

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9/9/14 2:30 pm EDT

Bank of America Consumer and Business Banking Executives Dean Athanasia and Thong Nguyen will participate in the RBC Capital Markets 2014 Financial Institutions Conference on September 16 at 7:30 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...

9/3/14 11:30 am EDT

Bank of America Chief Financial Officer Bruce Thompson will participate in the Barclays Global Financial Services Conference on September 10 at 11:15 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...

8/29/14 10:00 am EDT

Bank of America Corporation today announced it will report its third-quarter 2014 financial results on Wednesday, October 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.

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8/21/14 9:04 am EDT

Bank of America announced today that it has reached a comprehensive settlement with the U.S. Department of Justice (DoJ), certain federal agencies and six states.

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8/6/14 12:30 pm EDT

Bank of America Corporation announced today that the Board of Directors 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 24 to Series B shareholders of record as of October 10.

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8/6/14 9:15 am EDT

Bank of America announced today that its Board of Directors approved an increase in the quarterly common stock dividend to $0.05 per share from $0.01 per share. The dividend is payable September 26 to shareholders of record as of September 5.

This marks the first increase in Bank of America’s quarterly common stock dividend in seven years and reflects the significant progress the company has made to strengthen the balance sheet and more...

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...