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  • 1/17/13 7:00 am EST

    Previously Announced Selected Items Impact Pretax Earnings

    • Representations and Warranties, Compensatory Fees Settlements with Fannie Mae, $2.7 Billion or $0.16 EPS
    • Provision for Independent Foreclosure Review Acceleration Agreement, $1.1 Billion or $0.06 EPS
    • Total Litigation Expense, $0.9 Billion or $0.05 EPS
    • Negative Valuation Adjustments for Improved Credit Spreads, $0.7 Billion or $0.04 EPS
    • Provision for Obligations Related to Mortgage Insurance Rescissions, $0.5 Billion or $0.03 EPS
    • Gain on Sale of Japan Brokerage Joint Venture, $0.4 Billion or $0.02 EPS
    • Positive MSR Valuation Adjustment Related to Servicing Sales, $0.3 Billion or $0.02 EPS
    • Net Tax Benefit Primarily From Recognition of Foreign Tax Credits of Certain Non-U.S. Subsidiaries, $1.3 Billion or $0.12 EPS

    Capital and Liquidity Remain Strong

    • Basel 1 Tier 1 Common Capital Ratio of 11.06 Percent at December 31, 2012
    • Estimated Basel 3 Tier 1 Common Capital Ratio of 9.25 Percent at December 31, 2012 (U.S. Basel 3 NPRs Fully Phased-in)A
    • Long-term Debt Down $96.7 Billion From December 31, 2011, Driven by Maturities and Liability Management Actions; Time-to-required Funding Remains Strong at 33 Months

    Core Business Momentum Continues

    • Fourth-Quarter 2012 Net Interest Income (FTE basis)B Increased to $10.6 Billion From $10.2 Billion in Prior Quarter
    • Total Average Deposit Balances up $28 Billion, or 11 Percent (Annualized) From Prior Quarter
    • First-lien Mortgage Production Increased 6 Percent From Prior Quarter
    • Global Wealth and Investment Management Posts Record Quarterly Earnings
    • Period-end Commercial Loans and Leases in the Global Banking Segment, Including Real Estate Loans, Grew 7 Percent From Prior Quarter to $252 Billion
    • Investment Bank Maintained No. 2 Ranking in Global and U.S. Investment Banking Fees; Fees Up 20 Percent From Prior Quarter and 58 Percent From the Year-ago Quarter
  • 1/15/13 8:30 am EST

    ‘Great Rotation’ to Equities From Bonds Gets Under Way

  • 1/7/13 7:30 am EST
    • Agreements Cover Mortgage Loans With $1.4 Trillion of Original Unpaid Principal Balance
    • Agreements Also Substantially Resolve Outstanding Claims for Compensatory Fees

    Company Also Announces Sales of Mortgage Servicing Rights (MSRs) on 2.0 Million Residential Mortgage Loans Totaling Approximately $306 Billion Aggregate Unpaid Principal Balance

    • Number of 60+ Day Delinquent Loans Declined to 775,000 at December 31, 2012 From 936,000 at September 30, 2012
    • MSR Sales Expected to Include 232,000 60+ Day Delinquent Loans

    Including Agreements and Other Items Announced Today, Bank of America Expects Modestly Positive Fourth-Quarter 2012 Earnings Per Share (EPS)