Bank of America Provides Estimates From 2014 Stress Test Results
Bank of America today made available the results of the company’s 2014 Dodd-Frank Act Annual Stress Test on the Bank of America Investor Relations website at http://investor.bankofamerica.com under Events and Presentations.
Bank of America’s estimates assume no changes to the company’s current common share dividends (and contractually obligated payments on other regulatory capital instruments) and include the common stock repurchases previously disclosed for the quarter ended December 31, 2013 in accordance with the Dodd-Frank Act Annual Stress Test requirements. These estimates should not be regarded as forecasts of actual financial results for either Bank of America or its selected subsidiaries.
These results are estimates and may not reflect the actual impacts to Bank of America if such a hypothetical scenario were to occur. Importantly, in certain instances, methodologies required by the Federal Reserve and the Office of the Comptroller of the Currency differ from Bank of America’s internal practices; therefore, the results may not reflect actions that Bank of America would likely employ under such stressed conditions. Investors in securities issued by Bank of America should not rely on the Stress Test results as being indicative of expected future results.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 50 million consumer and small business relationships with approximately 5,100 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 14 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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Investors May Contact:
Anne Walker, Bank of America, 1.646.855.3644
Lee McEntire, Bank of America, 1.980.388.6780
Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112
Reporters May Contact:
Jerry Dubrowski, Bank of America, 1.980.388.2840