Bank of America Reports First-quarter 2015 Net Income of $3.4 Billion, or $0.27 per Diluted Share


Dateline City: CHARLOTTE, N.C. Results Include $ 1.0 Billion ($ 0.06 per Share) in Annual Retirement-eligible Incentive Costs and $ 0.5 Billion ($ 0.03 per Share) in Charges to Revenue for Market-related Net Interest Income Adjustments Continued Business Momentum Period-end Deposit Balances Increased to Record $ 1.15 Trillion Originated $ 17 Billion in First-lien Residential Mortgage Loans Read more [...]

Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion, or $0.19 per Diluted Share, on Revenue of $22.0 Billion(A)


Dateline City: CHARLOTTE, N.C. Results Include Litigation Expense of $ 4.0 Billion (Pretax) or Approximately $ 0.22 per Share (After Tax) Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $ 650 Million Business Metrics Reflect Progress on Customer-focused Strategy Total Period-end Deposit Balances up $ 54 Billion, or 5 Percent, From Q2-13 to a Read more [...]

Bank of America Reports Fourth-quarter 2013 Net Income of $3.4 Billion, or $0.29 per Diluted Share, on Revenue of $21.7 Billion(A)


Dateline City: CHARLOTTE, N.C. Fourth-quarter 2013 Results Included Pretax Negative DVA/FVO Adjustments of $ 0.6 Billion due to Tightening of the Company's Credit Spreads Pretax Litigation Expense of $ 2.3 Billion Effective Tax Rate of 10.6 Percent Fourth-quarter 2013 Highlights Compared to Year-ago Quarter Period-end Consolidated Deposit Balances Increased $ 14 Billion to Record $ 1.12 Trillion Period-end Loan Balances Increased $ 20 Billion to $ 928 Billion Combined Read more [...]