Press Releases

2/2/15 4:00 am EST

New Functionality Available to Clients in EMEA

1/28/15 10:14 am EST

From the Americas to Asia-Pacific, Recognition Includes Award for the Best Card Solution

1/27/15 3:00 pm EST

Hitting Every State Over 46 days, Thousands Will Carry the Flame of Hope Lighting the Way to a Future of Inclusion and Respect for People With Intellectual Disabilities; ESPN and ABC to Showcase Story of Historic Relay Leading up to the 2015 Special Olympics World Games

1/20/15 8:30 am EST

U.S. Equities and Real Estate in Favor; Too Soon to Back Oil

1/15/15 7:00 am EST

Results Include a Total of $1.2 Billion in Negative Charges to Revenue ($0.07 per Share) for Market-related Net Interest Income Adjustment, Adoption of Funding Valuation Adjustments (FVA)(A),and Net Debit Valuation Adjustments (DVA)

Full-year 2014 Net Income of $4.8 Billion, or $0.36 per Diluted Share, on Revenue of $85.1 Billion(B)

Continued Business Momentum

  • Originated $15 Billion in Residential Mortgage Loans and Home Equity Loans in Q4-14, Helping Approximately 41,000 Home Owners Purchase a Home or Refinance a Mortgage
  • Issued 1.2 Million New Credit Cards in Q4-14, With 67 Percent Going to Existing Relationship Customers
  • Delivered Record Asset Management Fees in Global Wealth and Investment Management of $2.1 Billion; Pretax Margin of 25 Percent in Q4-14
  • Global Banking Increased Loans by $3.1 Billion, or 1.2 Percent, From Q4-13 to $273 Billion
  • Reduced Noninterest Expense to $14.2 Billion in Q4-14, Lowest Quarterly Expense Level Since Merrill Lynch Merger
  • Excluding Litigation, Noninterest Expense Down $1.2 Billion From Q4-13 to $13.8 Billion(C)
  • Legacy Assets and Servicing Expenses, Excluding Litigation, Down $0.7 Billion, or 38 Percent From Q4-13 to $1.1 Billion(D)
  • Credit Quality Continued to Improve With Net Charge-offs Down $0.7 Billion, or 44 Percent, From Q4-13 to $0.9 Billion; Net Charge-off Ratio of 0.40 Percent Is Lowest in a Decade

Record Capital and Liquidity Levels

  • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) 10.0 Percent in Q4-14; Advanced Approaches 9.6 Percent in Q4-14(E)
  • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Bank Holding Company at 5.9 Percent and Primary Bank at 7.0 Percent(F)
  • Record Global Excess Liquidity Sources of $439 Billion, up $63 Billion from Q4-13; Time-to-required Funding at 39 Months
  • Tangible Book Value per Share Increased 5 Percent From Q4-13 to $14.43 per Share(G)
  • Book Value per Share Increased 3 Percent From Q4-13 to $21.32 per Share