CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 5, 2015--
Bank of America today released the results of its 2015 stress test.
Under the Dodd-Frank Act, systemically important institutions are
required to conduct an annual stress test and publish the results.
The Federal Reserve conducts its own test and announces its results at
the same time. Bank of America’s estimates may differ from the Federal
Reserve’s estimates. In addition, they do not include the impact of
potential capital actions in excess of the company’s current common
share dividends1 (and contractually obligated payments on
other regulatory capital instruments) and should not be regarded as
forecasts of actual financial results for either Bank of America or its
selected subsidiaries. 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’s results can be found on the company’s Investor
Relations website at http://investor.bankofamerica.com.
1 The calculation of common stock dividends according to the
DFAST instructions is equal to the quarterly average dollar amount of
common stock dividends paid in the previous year (that is, the initial
quarter (fourth-quarter 2014) of the planning horizon and the preceding
three calendar quarters).
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 48 million
consumer and small business relationships with approximately 4,800
retail banking offices and approximately 15,800 ATMs and award-winning
online banking with 31 million active users and approximately 17 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:
Lee McEntire, Bank of America, 1.980.388.6780
Blum, Bank of America (Fixed Income), 1.212.449.3112
Jerry Dubrowski, Bank of America, 1.980.388.2840