Press Releases

Bank of America Merrill Lynch Launches Next Generation in Travel Payments

2/2/15 4:00 am EST

New Functionality Available to Clients in EMEA

BofA Merrill Wins Eight Global and Regional Industry Awards for Transaction Banking Innovation and Excellence

1/28/15 10:14 am EST

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

Special Olympics to Unite the USA in the First-ever Unified Relay Across America Presented by Bank of America

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

BofA Merrill Lynch Fund Manager Survey Finds Investors Putting Cash to Work Despite Concerns Over Profits and Growth

1/20/15 8:30 am EST

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

Bank of America Reports Fourth-quarter 2014 Net Income of $3.1 Billion, or $0.25 per Diluted Share

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