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  • 4/18/13 12:00 pm EDT

    Company Provides $21.6 Billion to Address Climate Change and Demands on Natural Resources, While Advancing Lower-carbon Economy; New $50 Billion Environmental Business Initiative Launched

  • 4/17/13 7:00 am EDT

    Business Momentum Continues

    • Deposit Balances up 5 Percent From Q1-12 to $1.1 Trillion
    • First-lien Mortgage Production up 57 Percent From Q1-12 to $24 Billion
    • Global Wealth and Investment Management Reports Record Post-merger Revenue, Net Income and Long-term Assets Under Management Flows
    • Consumer Credit Loss Rates Reaching Five-year Lows
    • Commercial Loan Balances up 17 Percent From Q1-12 to $367 Billion
    • Maintains No. 2 Ranking in Global Investment Bank Fees; up 26 Percent From Q1-12 to $1.5 Billion
    • Noninterest Expense Down Nearly $1.0 Billion From Q1-12, Driven Primarily by Project New BAC Initiatives
    • Significant Progress in Legacy Assets and Servicing; Number of 60+ Days Delinquent Mortgage Loans Down 39 Percent From Q1-12 to 667,000 Loans

    Capital and Liquidity Remain Strong

    • Basel 1 with Market Risk Final Rule Tier 1 Common Capital Ratio of 10.58 Percent, up From Pro Forma 10.38 Percent in Prior QuarterA
    • Estimated Basel 3 Tier 1 Common Capital Ratio of 9.42 Percent, up From 9.25 Percent in Prior QuarterB
    • Long-term Debt Down $75.3 Billion From Year-ago Quarter, Driven by Maturities and Liability Management Actions; Time-to-required Funding Remains Strong at 30 Months
    • 2013 Capital Plan Actions Expected to Begin in Q2-13; Approved Actions Include $5.5 Billion of Preferred Stock Redemptions and $5 Billion of Common Stock Repurchases
  • 4/16/13 8:30 am EDT

    Equity Appetite Increasingly Concentrated on U.S. and Japan