CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 20, 2014--
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.
Visit the Bank of America newsroom for more Bank
of America news.
Source: Bank of America
Investors May Contact:
Anne Walker, Bank of America, 1.646.855.3644
McEntire, Bank of America, 1.980.388.6780
Jonathan Blum, Bank of
America (Fixed Income), 1.212.449.3112
Reporters May Contact:
Dubrowski, Bank of America, 1.980.388.2840