Facts & Resources

Press Release Search

Press Releases

  • 10/15/14 7:00 am EDT

    Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

    Continued Business Momentum

    • Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
    • Originated $14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1.2 Million New Credit Cards Issued in Q3-14, With 64 Percent Going to Existing Relationship Customers
    • Global Wealth and Investment Management Reports Record Revenue and Record Earnings
    • Total Firmwide Investment Banking Fees up 4 Percent From Q3-13 to $1.4 Billion
    • Sales and Trading Revenue, Excluding Net DVA, up 9 Percent From Q3-13(B)
    • Noninterest Expense, Excluding Litigation, Down $1.1 Billion From Q3-13 to $14.2 Billion(C)
    • Credit Quality Continued to Improve With Net Charge-offs Down 38 Percent From Q3-13 to $1.0 Billion; Net Charge-off Ratio of 0.46 Percent Is Lowest in a Decade

    Capital and Liquidity Measures Remain Strong

    • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) 9.6 Percent in Q3-14; Advanced Approaches 9.6 Percent in Q3-14(D)
    • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Parent Company at Approximately 5.5 Percent and Primary Bank at Approximately 6.8 Percent(E)
    • Global Excess Liquidity Sources Remain Strong at $429 Billion, up $70 Billion From Q3-13; Time-to-required Funding at 38 Months
    • Tangible Book Value per Share Increased 4 Percent From Q3-13 to $14.13 per Share(F)
  • 10/10/14 9:00 am EDT

    From Oct. 12 Through Dec. 7, Recorded Miles Will Trigger a Bank of America Donation That Brings Us One Step Closer to an AIDS-free Generation

  • 10/7/14 11:00 am EDT

    Company Named a Top Financial Services Company in the CDP S&P 500 Report, DJSI North America, The Banker, and Bloomberg World’s Greenest Bank Rankings