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  • 4/22/14 10:00 am EDT

    BankAmeriDeals/CMO Club Poll Reveals Revenue Lift and Satisfaction Among CMOs for Card-linked Marketing

  • 4/16/14 7:00 am EDT

    Results Include Litigation Expense of $6.0 Billion (Pretax) or Approximately $0.40 per Share (After Tax)

    Previously Announced Capital Actions Include Common Stock Dividend Increase to $0.05 Per Share in Q2-14 and a New $4 Billion Common Stock Repurchase Program

    Continued Business Momentum

    • Total Period-end Deposit Balances up $38 Billion From Q1-13 to a Record $1.13 Trillion
    • Funding of $10.8 Billion in Residential Home Loans and Home Equity Loans in Q1-14 Helped More Than 36,000 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1 Million New Credit Cards Issued in Q1-14
    • Global Wealth and Investment Management Reports Record Asset Management Fees of $1.9 Billion; Pretax Margin of 25.6 Percent
    • Global Banking Average Loan Balances up 11 Percent From Q1-13 to $271 Billion
    • Bank of America Merrill Lynch Maintained a Leadership Position in Investment Banking with Total Firmwide Fees of $1.5 Billion in Q1-14
    • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q1-13
    • Credit Quality Continued to Improve With Net Charge-offs Down 45 Percent From Q1-13

    Capital and Liquidity Remain Strong

    • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) Increased to 9.3 Percent in Q1-14; Advanced Approaches Remains Strong at 9.9 Percent(D)
    • Estimated Supplementary Leverage Ratios Above Required Minimums(E)
    • Long-term Debt Down $25 Billion From Year-ago Quarter, Driven by Maturities and Liability Management Actions
    • Record Global Excess Liquidity Sources of $427 Billion, up $55 Billion From Q1-13; Time-to-required Funding at 35 Months

  • 4/14/14 10:00 am EDT

    Limited Entries Still Available Through the Official Charity Program