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  • 7/27/15 8:30 am EDT

    Bank of America Recognized for Its Support of the Environment at the White House’s American Business Act on Climate Pledge Event

  • 7/15/15 7:00 am EDT

    Results Include $0.7 Billion ($0.04 per Share) in Favorable Market-related Net Interest Income Adjustments

    Noninterest Expense Declines to $13.8 Billion; Lowest Level Since Q4-08

    Continued Business Momentum

    • Consumer Banking Deposits (EOP) up $33 Billion, or 6 Percent, From Q2-14 to $547 Billion
    • Residential Mortgage and Home Equity Loan Originations up 40 Percent From Q2-14 to $19.2 Billion
    • 1.3 Million New Credit Cards Issued; Highest Level Since Q3-08
    • Merrill Edge Brokerage Assets up 15 Percent From Q2-14 to $122 Billion
    • Wealth Management Asset Management Fees up 9 Percent From Q2-14 to $2.1 Billion
    • Global Banking Loan Balances (EOP) up 7 Percent From Q2-14 to $307 Billion
    • Generated Firmwide Investment Banking Fees of $1.5 Billion and Sales and Trading Revenues, Excluding Net DVA, of $3.3 Billion(A)

    Continued Progress on Expense Management; Credit Quality Remains Strong

    • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q2-14 to $13.6 Billion(B)
    • Legacy Assets and Servicing Noninterest Expense, Excluding Litigation, Decreased 37 Percent from Q2-14 to $0.9 Billion(C)
    • Number of 60+ Days Delinquent First Mortgage Loans Serviced by Legacy Assets and Servicing Declined 50 Percent From Q2-14 to 132,000 Loans
    • Adjusted Net Charge-offs Down 26 Percent From Q2-14 to $929 Million(D)

    Record Capital and Liquidity Levels

    • Common Equity Tier 1 Capital (Fully Phased-in) Increased to Record $148.3 Billion(E)
    • Record Global Excess Liquidity Sources of $484 Billion, up $53 Billion From Q2-14; Time-to-required Funding at 40 Months(F)
    • Tangible Book Value per Share Increased 5 Percent From Q2-14 to $15.02 per Share(G)
    • Book Value per Share Increased 4 Percent From Q2-14 to $21.91 per Share
    • Return on Average Assets 0.99 Percent; Return on Average Tangible Common Equity 12.8 Percent; $1.3 Billion Returned to Shareholders in Q2-15 Through Repurchases and Dividends(H)