BANK OF AMERICA

Newsroom

 

Facts & Resources

Press Release Search

Press Releases

  • 7/31/14 9:00 am EDT

    Joins Other Leading Brands as Official Partner

  • 7/30/14 11:00 am EDT

    Program With Low Balance Requirement and Everyday Banking Benefits Is Now Available for Clients in California, Oregon, Arizona and Idaho

  • 7/16/14 7:00 am EDT

    Results Include Litigation Expense of $4.0 Billion (Pretax) or Approximately $0.22 per Share (After Tax)

    Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $650 Million

    Business Metrics Reflect Progress on Customer-focused Strategy

    • Total Period-end Deposit Balances up $54 Billion, or 5 Percent, From Q2-13 to a Record $1.13 Trillion
    • Funding of $13.7 Billion in Residential Home Loans and Home Equity Loans in Q2-14 Helped Nearly 43,000 Homeowners Purchase a Home or Refinance a Mortgage
    • More Than 1.1 Million New Credit Cards Issued in Q2-14, With 65 Percent Going to Existing Customers
    • Global Wealth and Investment Management Reports Record Revenue of $4.6 Billion and Record Total Client Balances of $2.47 Trillion
    • Global Banking Average Loan Balances up 6 Percent From Q2-13 to $271 Billion
    • Bank of America Merrill Lynch Maintained a Leadership Position in Investment Banking with Total Firmwide Fees of $1.6 Billion and Record Equity Issuance Fees in Q2-14, Excluding Self-led Deals
    • FICC Sales and Trading Revenue, Excluding Net DVA, up 5 PercentFrom Q2-13(B)
    • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q2-13 to $14.6 Billion(C)
    • Credit Quality Continued to Improve With Net Charge-offs Down 49 Percent From Q2-13 to $1.1 Billion; Net Charge-off Ratio of 0.48 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) Increased to 9.5 Percent in Q2-14; Advanced Approaches Increased to 9.9 Percent in Q2-14(D)
    • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums(E)
    • Long-term Debt Down $5 Billion From Year-ago Quarter
    • Record Global Excess Liquidity Sources of $431 Billion, up $89 Billion From Q2-13; Time-to-required Funding at 38 Months
    • Tangible Book Value per Share Increased 7 Percent From Q2-13 to $14.24 per Share(F)