Exhibit



	Description of Accounting Change Effective July 1, 2016, Bank of America Corporation (the “Corporation”) changed its accounting method for the amortization of premiums and accretion of discounts related to certain debt securities carried at fair value and held-to-maturity under FASB Accounting Standards Codification (ASC) 310-20, Nonrefundable fees and other costs (formerly known as “SFAS 91”), from the prepayment method (also referred to as the retrospective method) to the contractual method. Under the prepayment method, the Corporation's amortization of premiums and accretion of discounts related to certain debt securities carried at fair value and held-to-maturity was based on the estimated principal prepayment assumptions on individual debt securities each reporting period. Under this method, prepayment experience, which is largely driven by interest rates, is continually evaluated to determine the estimated lives of the securities. When a change is made to the estimated lives of the securities, the related premium or discount is adjusted with a corresponding charge or benefit to interest income as if the current estimated lives had been applied since the acquisition of the securities. The application of the prepayment method results in a cumulative catch-up each period, recorded in interest income, based on changes in estimated prepayment assumptions. This method introduces substantial volatility to net interest income and earnings as interest rates move up or down. Under the contractual method, premiums and discounts on debt securities are amortized and accreted, respectively, at a constant effective yield. The contractually required payment terms of each individual debt security are followed and prepayments of principal are not anticipated to shorten the term of the debt securities. Unlike the prepayment method, a cumulative catch-up is not required for each reporting period in applying the contractual method. As principal prepayments occur, the contractual method requires the acceleration of a pro-rata portion of the unamortized premium or discount be recorded in interest income such that the effective yield of the debt security remains constant throughout the life of the debt security. The difference between the Corporation’s use of the prepayment method and the contractual method used by its peers has resulted in a lack of comparability between the Corporation and those peers with respect to reported net interest income, a primary financial statement element for banks. To address this inconsistency, the Corporation has historically included certain non-GAAP disclosures in its earnings presentation materials to assist users of the Corporation's financial information in comparing its reported net interest income results with those of its peers. The contractual method of accounting will eliminate the need for these non-GAAP disclosures in future earnings presentation materials. Under the applicable bank regulatory rules, the Corporation is not required to and, accordingly, will not restate previously-filed capital ratios. The cumulative impact of the change in accounting method would have resulted in an insignificant pro forma change of the Corporation's capital ratios. Financial information for all prior periods presented herein have been updated to reflect this change in accounting method.



Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Income statement
Net interest income	$	38,958		$	40,779		$	10,118		$	10,485		$	9,686		$	9,900		$	9,517		$	9,855
Noninterest income	44,007			45,115			11,168			10,305			9,896			11,092			11,523			11,496
Total revenue, net of interest expense	82,965			85,894			21,286			20,790			19,582			20,992			21,040			21,351
Provision for credit losses	3,161			2,275			976			997			810			806			780			765
Noninterest expense	57,734			75,656			13,493			14,816			14,010			13,939			13,959			15,826
Income tax expense	6,234			2,443			2,034			1,505			1,478			1,628			1,736			1,392
Net income	15,836			5,520			4,783			3,472			3,284			4,619			4,565			3,368
Preferred stock dividends	1,483			1,044			361			457			330			441			330			382
Net income applicable to common shareholders	14,353			4,476			4,422			3,015			2,954			4,178			4,235			2,986
Diluted earnings per common share	1.31			0.42			0.41			0.28			0.27			0.38			0.38			0.27
Average diluted common shares issued and outstanding	11,213,992			10,584,535			11,059,167			11,100,067			11,153,169			11,197,203			11,238,060			11,266,511
Dividends paid per common share	$	0.20		$	0.12		$	0.05		$	0.05		$	0.05		$	0.05		$	0.05		$	0.05

Performance ratios
Return on average assets	0.73		%	0.26		%	0.88		%	0.64		%	0.60		%	0.84		%	0.85		%	0.64		%
Return on average common shareholders' equity	6.24			2.01			7.40			5.11			4.99			7.16			7.43			5.37
Return on average shareholders' equity	6.28			2.32			7.25			5.36			5.07			7.22			7.29			5.55
Return on average tangible common shareholders' equity ⁽¹⁾	9.08			2.98			10.54			7.33			7.19			10.40			10.85			7.91
Return on average tangible shareholders' equity ⁽¹⁾	8.80			3.34			9.93			7.40			7.04			10.08			10.24			7.87


At period end
Book value per share of common stock	$	22.53		$	21.32		$	23.71		$	23.14		$	22.53		$	22.40		$	21.89		$	21.67
Tangible book value per share of common stock ⁽¹⁾	15.62			14.43			16.71			16.19			15.62			15.50			15.00			14.80
Market price per share of common stock:
Closing price	$	16.83		$	17.89		$	13.27		$	13.52		$	16.83		$	15.58		$	17.02		$	15.39
High closing price for the period	18.45			18.13			15.11			16.43			17.95			18.45			17.67			17.90
Low closing price for the period	15.15			14.51			12.18			11.16			15.38			15.26			15.41			15.15
Market capitalization	174,700			188,141			135,577			139,427			174,700			162,457			178,231			161,909

Number of financial centers - U.S.	4,726			4,855			4,681			4,689			4,726			4,741			4,789			4,835
Number of branded ATMs - U.S.	16,038			15,834			15,998			16,003			16,038			16,062			15,992			15,903
Full-time equivalent employees	213,280			223,715			210,516			213,183			213,280			215,193			216,679			219,658



Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Year Ended December 31				Second Quarter 2016		First Quarter 2016		Fourth Quarter 2015		Third Quarter 2015		Second Quarter 2015		First Quarter 2015
	2015		2014
Interest income
Loans and leases	$	31,918	$	34,145	$	8,219	$	8,260	$	8,006	$	7,965	$	7,951	$	7,996
Debt securities	9,178		9,010		2,261		2,517		2,452		2,268		2,127		2,331
Federal funds sold and securities borrowed or purchased under agreements to resell	988		1,039		260		276		214		275		268		231
Trading account assets	4,397		4,561		1,075		1,179		1,106		1,134		1,074		1,083
Other interest income	3,026		2,959		759		776		805		754		740		727
Total interest income	49,507		51,714		12,574		13,008		12,583		12,396		12,160		12,368

Interest expense
Deposits	861		1,080		245		225		211		214		216		220
Short-term borrowings	2,387		2,579		626		613		519		597		685		586
Trading account liabilities	1,343		1,576		242		292		272		342		335		394
Long-term debt	5,958		5,700		1,343		1,393		1,895		1,343		1,407		1,313
Total interest expense	10,549		10,935		2,456		2,523		2,897		2,496		2,643		2,513
Net interest income	38,958		40,779		10,118		10,485		9,686		9,900		9,517		9,855

Noninterest income
Card income	5,959		5,944		1,464		1,430		1,578		1,510		1,477		1,394
Service charges	7,381		7,443		1,871		1,837		1,862		1,898		1,857		1,764
Investment and brokerage services	13,337		13,284		3,201		3,182		3,236		3,336		3,387		3,378
Investment banking income	5,572		6,065		1,408		1,153		1,272		1,287		1,526		1,487
Trading account profits	6,473		6,309		2,018		1,662		963		1,616		1,647		2,247
Mortgage banking income	2,364		1,563		312		433		262		407		1,001		694
Gains on sales of debt securities	1,138		1,481		249		190		252		437		171		278
Other income	1,783		3,026		645		418		471		601		457		254
Total noninterest income	44,007		45,115		11,168		10,305		9,896		11,092		11,523		11,496
Total revenue, net of interest expense	82,965		85,894		21,286		20,790		19,582		20,992		21,040		21,351

Provision for credit losses	3,161		2,275		976		997		810		806		780		765

Noninterest expense
Personnel	32,868		33,787		7,722		8,852		7,535		7,829		7,890		9,614
Occupancy	4,093		4,260		1,036		1,028		1,011		1,028		1,027		1,027
Equipment	2,039		2,125		451		463		528		499		500		512
Marketing	1,811		1,829		414		419		481		445		445		440
Professional fees	2,264		2,472		472		425		676		673		494		421
Amortization of intangibles	834		936		186		187		202		207		212		213
Data processing	3,115		3,144		717		838		817		731		715		852
Telecommunications	823		1,259		189		173		240		210		202		171
Other general operating	9,887		25,844		2,306		2,431		2,520		2,317		2,474		2,576
Total noninterest expense	57,734		75,656		13,493		14,816		14,010		13,939		13,959		15,826
Income before income taxes	22,070		7,963		6,817		4,977		4,762		6,247		6,301		4,760
Income tax expense	6,234		2,443		2,034		1,505		1,478		1,628		1,736		1,392
Net income	$	15,836	$	5,520	$	4,783	$	3,472	$	3,284	$	4,619	$	4,565	$	3,368
Preferred stock dividends	1,483		1,044		361		457		330		441		330		382
Net income applicable to common shareholders	$	14,353	$	4,476	$	4,422	$	3,015	$	2,954	$	4,178	$	4,235	$	2,986

Per common share information
Earnings	$	1.37	$	0.43	$	0.43	$	0.29	$	0.28	$	0.40	$	0.40	$	0.28
Diluted earnings	1.31		0.42		0.41		0.28		0.27		0.38		0.38		0.27
Dividends paid	0.20		0.12		0.05		0.05		0.05		0.05		0.05		0.05
Average common shares issued and outstanding	10,462,282		10,527,818		10,253,573		10,339,731		10,399,422		10,444,291		10,488,137		10,518,790
Average diluted common shares issued and outstanding	11,213,992		10,584,535		11,059,167		11,100,067		11,153,169		11,197,203		11,238,060		11,266,511



Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016		Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016		Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Net income	$	15,836		$	5,520		$	4,783		$	3,472	$	3,284		$	4,619		$	4,565		$	3,368
Other comprehensive income (loss), net-of-tax:
Net change in debt and marketable equity securities	(1,580		)	4,149			755			2,356		(1,747		)	1,211			(2,200		)	1,156
Net change in debit valuation adjustments	615			—			(13		)	127		(18		)	187			186			260
Net change in derivatives	584			616			126			24		168			127			246			43
Employee benefit plan adjustments	394			(943		)	13			10		317			27			25			25
Net change in foreign currency translation adjustments	(123		)	(157		)	(21		)	12		(39		)	(76		)	43			(51		)
Other comprehensive income (loss)	(110		)	3,665			860			2,529		(1,319		)	1,476			(1,700		)	1,433
Comprehensive income	$	15,726		$	9,185		$	5,643		$	6,001	$	1,965		$	6,095		$	2,865		$	4,801



Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	June 30 2016			December 31 2015			December 31 2014
Assets
Cash and due from banks	$	29,408		$	31,265		$	33,118
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	141,799			128,088			105,471
Cash and cash equivalents	171,207			159,353			138,589
Time deposits placed and other short-term investments	7,558			7,744			7,510
Federal funds sold and securities borrowed or purchased under agreements to resell	213,737			192,482			191,823
Trading account assets	175,365			176,527			191,785
Derivative assets	55,264			49,990			52,682
Debt securities:
Carried at fair value	309,670			322,380			320,695
Held-to-maturity, at cost	102,899			84,508			59,757
Total debt securities	412,569			406,888			380,452
Loans and leases	903,153			896,983			876,104
Allowance for loan and lease losses	(11,837		)	(12,234		)	(14,419		)
Loans and leases, net of allowance	891,316			884,749			861,685
Premises and equipment, net	9,150			9,485			10,049
Mortgage servicing rights	2,269			3,087			3,530
Goodwill	69,744			69,761			69,777
Intangible assets	3,352			3,768			4,612
Loans held-for-sale	8,848			7,453			12,836
Customer and other receivables	58,150			58,312			61,845
Other assets	108,437			114,688			117,364
Total assets	$	2,186,966		$	2,144,287		$	2,104,539

Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	5,940		$	6,344		$	6,890
Loans and leases	60,384			72,946			95,187
Allowance for loan and lease losses	(1,128		)	(1,320		)	(1,968		)
Loans and leases, net of allowance	59,256			71,626			93,219
Loans held-for-sale	256			284			1,822
All other assets	1,455			1,530			2,769
Total assets of consolidated variable interest entities	$	66,907		$	79,784		$	104,700



Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	June 30 2016			December 31 2015			December 31 2014
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	424,918		$	422,237		$	393,102
Interest-bearing	714,607			703,761			660,161
Deposits in non-U.S. offices:
Noninterest-bearing	11,252			9,916			7,230
Interest-bearing	65,314			61,345			58,443
Total deposits	1,216,091			1,197,259			1,118,936
Federal funds purchased and securities loaned or sold under agreements to repurchase	178,062			174,291			201,277
Trading account liabilities	74,282			66,963			74,192
Derivative liabilities	47,561			38,450			46,909
Short-term borrowings	33,051			28,098			31,172
Accrued expenses and other liabilities (includes $750, $646 and $528 of reserve for unfunded lending commitments)	140,876			146,286			145,438
Long-term debt	229,617			236,764			243,139
Total liabilities	1,919,540			1,888,111			1,861,063
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,887,790, 3,767,790 and 3,647,790 shares	25,220			22,273			19,309
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,216,780,615, 10,380,265,063 and 10,516,542,476 shares	149,554			151,042			153,458
Retained earnings	94,621			88,219			74,731
Accumulated other comprehensive income (loss)	(1,969		)	(5,358		)	(4,022		)
Total shareholders' equity	267,426			256,176			243,476
Total liabilities and shareholders' equity	$	2,186,966		$	2,144,287		$	2,104,539

Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	639		$	681		$	1,032
Long-term debt	11,463			14,073			13,307
All other liabilities	35			21			138
Total liabilities of consolidated variable interest entities	$	12,137		$	14,775		$	14,477



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Second Quarter 2016						First Quarter 2016						Fourth Quarter 2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	135,312	$	157	0.47	%	$	138,574	$	155	0.45	%	$	148,102	$	108	0.29	%
Time deposits placed and other short-term investments	7,855		35		1.79		9,156		32		1.41		10,120		41		1.61
Federal funds sold and securities borrowed or purchased under agreements to resell	223,005		260		0.47		209,183		276		0.53		207,585		214		0.41
Trading account assets	127,189		1,109		3.50		136,306		1,212		3.57		134,797		1,141		3.37
Debt securities	419,085		2,284		2.20		399,978		2,537		2.56		399,338		2,470		2.48
Loans and leases ⁽¹⁾:
Residential mortgage	186,752		1,626		3.48		186,980		1,629		3.49		189,650		1,644		3.47
Home equity	73,141		703		3.86		75,328		711		3.79		77,109		715		3.69
U.S. credit card	86,705		1,983		9.20		87,163		2,021		9.32		88,623		2,045		9.15
Non-U.S. credit card	9,988		250		10.06		9,822		253		10.36		10,155		258		10.07
Direct/Indirect consumer	91,643		563		2.47		89,342		550		2.48		87,858		530		2.40
Other consumer	2,220		16		3.00		2,138		16		3.03		2,039		11		2.09
Total consumer	450,449		5,141		4.58		450,773		5,180		4.61		455,434		5,203		4.55
U.S. commercial	276,640		2,006		2.92		270,511		1,936		2.88		261,727		1,790		2.72
Commercial real estate	57,772		434		3.02		57,271		434		3.05		56,126		408		2.89
Commercial lease financing	20,874		147		2.81		21,077		182		3.46		20,422		155		3.03
Non-U.S. commercial	93,935		564		2.42		93,352		585		2.52		92,447		530		2.27
Total commercial	449,221		3,151		2.82		442,211		3,137		2.85		430,722		2,883		2.66
Total loans and leases	899,670		8,292		3.70		892,984		8,317		3.74		886,156		8,086		3.63
Other earning assets	55,957		660		4.74		58,641		694		4.75		61,073		748		4.87
Total earning assets⁽²⁾	1,868,073		12,797		2.75		1,844,822		13,223		2.88		1,847,171		12,808		2.76
Cash and due from banks	27,924						28,844						29,503
Other assets, less allowance for loan and lease losses	292,244						300,256						303,833
Total assets	$	2,188,241					$	2,173,922					$	2,180,507



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Third Quarter 2015						Second Quarter 2015						First Quarter 2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	145,174	$	96	0.26	%	$	125,762	$	81	0.26	%	$	126,189	$	84	0.27	%
Time deposits placed and other short-term investments	11,503		38		1.32		8,183		34		1.64		8,379		33		1.61
Federal funds sold and securities borrowed or purchased under agreements to resell	210,127		275		0.52		214,326		268		0.50		213,931		231		0.44
Trading account assets	140,484		1,170		3.31		137,137		1,114		3.25		138,946		1,122		3.26
Debt securities	394,265		2,282		2.32		386,337		2,138		2.23		383,240		2,343		2.48
Loans and leases ⁽¹⁾:
Residential mortgage	193,791		1,690		3.49		207,356		1,782		3.44		215,030		1,851		3.45
Home equity	79,715		730		3.64		82,640		769		3.73		84,915		770		3.66
U.S. credit card	88,201		2,033		9.15		87,460		1,980		9.08		88,695		2,027		9.27
Non-U.S. credit card	10,244		267		10.34		10,012		264		10.56		10,002		262		10.64
Direct/Indirect consumer	85,975		515		2.38		83,698		504		2.42		80,713		491		2.47
Other consumer	1,980		15		3.01		1,885		15		3.14		1,847		15		3.29
Total consumer	459,906		5,250		4.54		473,051		5,314		4.50		481,202		5,416		4.54
U.S. commercial	251,908		1,744		2.75		244,540		1,704		2.80		234,907		1,645		2.84
Commercial real estate	53,605		384		2.84		50,478		382		3.03		48,234		347		2.92
Commercial lease financing	20,013		153		3.07		19,486		149		3.05		19,271		171		3.55
Non-U.S. commercial	91,997		514		2.22		88,623		479		2.17		83,555		485		2.35
Total commercial	417,523		2,795		2.66		403,127		2,714		2.70		385,967		2,648		2.78
Total loans and leases	877,429		8,045		3.65		876,178		8,028		3.67		867,169		8,064		3.76
Other earning assets	62,848		717		4.52		62,723		719		4.60		61,514		706		4.65
Total earning assets⁽²⁾	1,841,830		12,623		2.73		1,810,646		12,382		2.74		1,799,368		12,583		2.82
Cash and due from banks	27,730						30,751						27,695
Other assets, less allowance for loan and lease losses	299,370						310,569						311,769
Total assets	$	2,168,930					$	2,151,966					$	2,138,832



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Second Quarter 2016						First Quarter 2016						Fourth Quarter 2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	50,105	$	1	0.01	%	$	47,845	$	1	0.01	%	$	46,094	$	1	0.01	%
NOW and money market deposit accounts	583,913		72		0.05		577,779		71		0.05		558,441		68		0.05
Consumer CDs and IRAs	48,450		33		0.28		49,617		35		0.28		51,107		37		0.29
Negotiable CDs, public funds and other deposits	32,879		35		0.42		31,739		29		0.37		30,546		25		0.32
Total U.S. interest-bearing deposits	715,347		141		0.08		706,980		136		0.08		686,188		131		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,235		10		0.98		4,123		9		0.84		3,997		7		0.69
Governments and official institutions	1,542		2		0.66		1,472		2		0.53		1,687		2		0.37
Time, savings and other	60,311		92		0.61		56,943		78		0.55		55,965		71		0.51
Total non-U.S. interest-bearing deposits	66,088		104		0.63		62,538		89		0.57		61,649		80		0.52
Total interest-bearing deposits	781,435		245		0.13		769,518		225		0.12		747,837		211		0.11
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	215,852		626		1.17		221,990		613		1.11		231,650		519		0.89
Trading account liabilities	73,773		242		1.32		72,299		292		1.63		73,139		272		1.48
Long-term debt	233,061		1,343		2.31		233,654		1,393		2.39		237,384		1,895		3.18
Total interest-bearing liabilities ⁽¹⁾	1,304,121		2,456		0.76		1,297,461		2,523		0.78		1,290,010		2,897		0.89
Noninterest-bearing sources:
Noninterest-bearing deposits	431,856						428,937						438,214
Other liabilities	186,910						187,101						195,209
Shareholders' equity	265,354						260,423						257,074
Total liabilities and shareholders' equity	$	2,188,241					$	2,173,922					$	2,180,507
Net interest spread					1.99	%					2.10	%					1.87	%
Impact of noninterest-bearing sources					0.24						0.23						0.27
Net interest income/yield on earning assets			$	10,341	2.23	%			$	10,700	2.33	%			$	9,911	2.14	%



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Third Quarter 2015						Second Quarter 2015						First Quarter 2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	46,297	$	2	0.02	%	$	47,381	$	2	0.02	%	$	46,224	$	2	0.02	%
NOW and money market deposit accounts	545,741		67		0.05		536,201		71		0.05		531,827		67		0.05
Consumer CDs and IRAs	53,174		38		0.29		55,832		42		0.30		58,704		45		0.31
Negotiable CDs, public funds and other deposits	30,631		26		0.33		29,904		22		0.30		28,796		22		0.31
Total U.S. interest-bearing deposits	675,843		133		0.08		669,318		137		0.08		665,551		136		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,196		7		0.71		5,162		9		0.67		4,544		8		0.74
Governments and official institutions	1,654		1		0.33		1,239		1		0.38		1,382		1		0.21
Time, savings and other	53,793		73		0.53		55,030		69		0.51		54,276		75		0.55
Total non-U.S. interest-bearing deposits	59,643		81		0.54		61,431		79		0.52		60,202		84		0.56
Total interest-bearing deposits	735,486		214		0.12		730,749		216		0.12		725,753		220		0.12
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	257,323		597		0.92		252,088		685		1.09		244,134		586		0.97
Trading account liabilities	77,443		342		1.75		77,772		335		1.73		78,787		394		2.03
Long-term debt	240,520		1,343		2.22		242,230		1,407		2.33		240,127		1,313		2.20
Total interest-bearing liabilities ⁽¹⁾	1,310,772		2,496		0.76		1,302,839		2,643		0.81		1,288,801		2,513		0.79
Noninterest-bearing sources:
Noninterest-bearing deposits	423,745						416,040						404,972
Other liabilities	180,615						182,039						199,196
Shareholders' equity	253,798						251,048						245,863
Total liabilities and shareholders' equity	$	2,168,930					$	2,151,966					$	2,138,832
Net interest spread					1.97	%					1.93	%					2.03	%
Impact of noninterest-bearing sources					0.22						0.23						0.23
Net interest income/yield on earning assets			$	10,127	2.19	%			$	9,739	2.16	%			$	10,070	2.26	%



Bank of America Corporation and Subsidiaries
Annual Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Year Ended December 31
	2015						2014
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	136,391	$	369	0.27	%	$	113,999	$	308	0.27	%
Time deposits placed and other short-term investments	9,556		146		1.53		11,032		170		1.54
Federal funds sold and securities borrowed or purchased under agreements to resell	211,471		988		0.47		222,483		1,039		0.47
Trading account assets	137,837		4,547		3.30		145,686		4,716		3.24
Debt securities	390,849		9,233		2.38		351,437		9,051		2.57
Loans and leases ⁽¹⁾:
Residential mortgage	201,366		6,967		3.46		237,270		8,462		3.57
Home equity	81,070		2,984		3.68		89,705		3,340		3.72
U.S. credit card	88,244		8,085		9.16		88,962		8,313		9.34
Non-U.S. credit card	10,104		1,051		10.40		11,511		1,200		10.42
Direct/Indirect consumer	84,585		2,040		2.41		82,409		2,099		2.55
Other consumer	1,938		56		2.86		2,029		139		6.86
Total consumer	467,307		21,183		4.53		511,886		23,553		4.60
U.S. commercial	248,354		6,883		2.77		230,172		6,630		2.88
Commercial real estate	52,136		1,521		2.92		47,525		1,432		3.01
Commercial lease financing	19,802		628		3.17		19,226		658		3.42
Non-U.S. commercial	89,188		2,008		2.25		89,894		2,196		2.44
Total commercial	409,480		11,040		2.70		386,817		10,916		2.82
Total loans and leases	876,787		32,223		3.68		898,703		34,469		3.84
Other earning assets	62,040		2,890		4.66		66,128		2,812		4.25
Total earning assets⁽²⁾	1,824,931		50,396		2.76		1,809,468		52,565		2.90
Cash and due from banks	28,921						27,079
Other assets, less allowance for loan and lease losses	306,345						308,846
Total assets	$	2,160,197					$	2,145,393



Bank of America Corporation and Subsidiaries
Annual Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Year Ended December 31
	2015						2014
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	46,498	$	7	0.01	%	$	46,270	$	3	0.01	%
NOW and money market deposit accounts	543,133		273		0.05		518,893		316		0.06
Consumer CDs and IRAs	54,679		162		0.30		66,797		264		0.40
Negotiable CDs, public funds and other deposits	29,976		95		0.32		31,507		108		0.34
Total U.S. interest-bearing deposits	674,286		537		0.08		663,467		691		0.10
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,473		31		0.70		8,744		61		0.69
Governments and official institutions	1,492		5		0.33		1,740		2		0.14
Time, savings and other	54,767		288		0.53		60,729		326		0.54
Total non-U.S. interest-bearing deposits	60,732		324		0.53		71,213		389		0.55
Total interest-bearing deposits	735,018		861		0.12		734,680		1,080		0.15
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	246,295		2,387		0.97		257,678		2,579		1.00
Trading account liabilities	76,772		1,343		1.75		87,152		1,576		1.81
Long-term debt	240,059		5,958		2.48		253,607		5,700		2.25
Total interest-bearing liabilities ⁽¹⁾	1,298,144		10,549		0.81		1,333,117		10,935		0.82
Noninterest-bearing sources:
Noninterest-bearing deposits	420,842						389,527
Other liabilities	189,230						184,432
Shareholders' equity	251,981						238,317
Total liabilities and shareholders' equity	$	2,160,197					$	2,145,393
Net interest spread					1.95	%					2.08	%
Impact of noninterest-bearing sources					0.24						0.22
Net interest income/yield on earning assets			$	39,847	2.19	%			$	41,630	2.30	%



Bank of America Corporation and Subsidiaries
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	June 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	204,692	$	4,030	$	(34	)	$	208,688
Agency-collateralized mortgage obligations	9,468		312		(20		)	9,760
Commercial	11,095		307		(5		)	11,397
Non-agency residential	1,963		208		(68		)	2,103
Total mortgage-backed securities	227,218		4,857		(127		)	231,948
U.S. Treasury and agency securities	25,792		351		—			26,143
Non-U.S. securities	6,044		21		(7		)	6,058
Other taxable securities, substantially all asset-backed securities	9,793		26		(45		)	9,774
Total taxable securities	268,847		5,255		(179		)	273,923
Tax-exempt securities	15,281		112		(31		)	15,362
Total available-for-sale debt securities	284,128		5,367		(210		)	289,285
Other debt securities carried at fair value	20,527		93		(235		)	20,385
Total debt securities carried at fair value	304,655		5,460		(445		)	309,670
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	102,899		1,611		(135		)	104,375
Total debt securities	$	407,554	$	7,071	$	(580	)	$	414,045
Available-for-sale marketable equity securities ⁽¹⁾	$	325	$	46	$	(34	)	$	337

	December 31, 2015
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	229,356	$	1,061	$	(1,470	)	$	228,947
Agency-collateralized mortgage obligations	10,892		148		(55		)	10,985
Commercial	7,200		30		(65		)	7,165
Non-agency residential	3,031		219		(71		)	3,179
Total mortgage-backed securities	250,479		1,458		(1,661		)	250,276
U.S. Treasury and agency securities	25,075		211		(9		)	25,277
Non-U.S. securities	5,743		27		(3		)	5,767
Other taxable securities, substantially all asset-backed securities	10,475		54		(84		)	10,445
Total taxable securities	291,772		1,750		(1,757		)	291,765
Tax-exempt securities	13,978		63		(33		)	14,008
Total available-for-sale debt securities	305,750		1,813		(1,790		)	305,773
Other debt securities carried at fair value	16,678		103		(174		)	16,607
Total debt securities carried at fair value	322,428		1,916		(1,964		)	322,380
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	84,508		330		(792		)	84,046
Total debt securities	$	406,936	$	2,246	$	(2,756	)	$	406,426
Available-for-sale marketable equity securities ⁽¹⁾	$	326	$	99	$	—		$	425

	December 31, 2014
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	163,118	$	2,432	$	(511	)	$	165,039
Agency-collateralized mortgage obligations	14,170		181		(103		)	14,248
Commercial	3,932		68		—			4,000
Non-agency residential	4,244		286		(76		)	4,454
Total mortgage-backed securities	185,464		2,967		(690		)	187,741
U.S. Treasury and agency securities	69,268		359		(32		)	69,595
Non-U.S. securities	6,208		37		(15		)	6,230
Other taxable securities, substantially all asset-backed securities	11,134		48		(23		)	11,159
Total taxable securities	272,074		3,411		(760		)	274,725
Tax-exempt securities	9,556		12		(19		)	9,549
Total available-for-sale debt securities	281,630		3,423		(779		)	284,274
Other debt securities carried at fair value	36,543		257		(379		)	36,421
Total debt securities carried at fair value	318,173		3,680		(1,158		)	320,695
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	59,757		538		(654		)	59,641
Total debt securities	$	377,930	$	4,218	$	(1,812	)	$	380,336
Available-for-sale marketable equity securities ⁽¹⁾	$	336	$	27	$	—		$	363



Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Second Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	10,341	$	5,207	$	1,403	$	2,424		$	1,088		$	219
Card income	1,464		1,216		22		134			37			55
Service charges	1,871		1,011		17		759			79			5
Investment and brokerage services	3,201		67		2,598		14			525			(3		)
Investment banking income (loss)	1,408		—		51		799			603			(45		)
Trading account profits	2,018		—		25		26			1,872			95
Mortgage banking income	312		267		—		—			1			44
Gains on sales of debt securities	249		—		—		—			—			249
Other income (loss)	645		27		309		538			103			(332		)
Total noninterest income	11,168		2,588		3,022		2,270			3,220			68
Total revenue, net of interest expense (FTE basis)	21,509		7,795		4,425		4,694			4,308			287
Provision for credit losses	976		726		14		199			(5		)	42
Noninterest expense	13,493		4,414		3,288		2,126			2,581			1,084
Income (loss) before income taxes (FTE basis)	7,040		2,655		1,123		2,369			1,732			(839		)
Income tax expense (benefit) (FTE basis)	2,257		978		420		873			619			(633		)
Net income (loss)	$	4,783	$	1,677	$	703	$	1,496		$	1,113		$	(206	)

Average
Total loans and leases	$	899,670	$	242,921	$	141,181	$	334,396		$	69,620		$	111,552
Total assets ⁽¹⁾	2,188,241		665,102		289,646		395,997			580,701			256,795
Total deposits	1,213,291		596,474		254,804		298,805			34,518			28,690
Period end
Total loans and leases	$	903,153	$	247,122	$	142,633	$	334,838		$	70,766		$	107,794
Total assets ⁽¹⁾	2,186,966		668,470		286,846		397,566			577,428			256,656
Total deposits	1,216,091		599,457		250,976		304,577			33,506			27,575

	First Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	10,700	$	5,328	$	1,513	$	2,545		$	1,184		$	130
Card income	1,430		1,211		48		117			10			44
Service charges	1,837		997		19		745			72			4
Investment and brokerage services	3,182		69		2,536		16			568			(7		)
Investment banking income (loss)	1,153		1		73		636			494			(51		)
Trading account profits (losses)	1,662		—		36		(2		)	1,595			33
Mortgage banking income	433		190		1		—			—			242
Gains on sales of debt securities	190		—		—		—			—			190
Other income (loss)	418		61		243		397			28			(311		)
Total noninterest income	10,305		2,529		2,956		1,909			2,767			144
Total revenue, net of interest expense (FTE basis)	21,005		7,857		4,469		4,454			3,951			274
Provision for credit losses	997		531		25		553			9			(121		)
Noninterest expense	14,816		4,539		3,277		2,172			2,451			2,377
Income (loss) before income taxes (FTE basis)	5,192		2,787		1,167		1,729			1,491			(1,982		)
Income tax expense (benefit) (FTE basis)	1,720		1,024		429		636			519			(888		)
Net income (loss)	$	3,472	$	1,763	$	738	$	1,093		$	972		$	(1,094	)

Average
Total loans and leases	$	892,984	$	237,908	$	139,099	$	328,643		$	69,283		$	118,051
Total assets ⁽¹⁾	2,173,922		646,523		295,711		391,774			581,226			258,688
Total deposits	1,198,455		578,196		260,482		297,134			35,886			26,757
Period end
Total loans and leases	$	901,113	$	240,591	$	139,690	$	333,604		$	73,446		$	113,782
Total assets ⁽¹⁾	2,185,726		666,298		296,200		394,736			581,150			247,342
Total deposits	1,217,261		597,800		260,565		298,072			34,403			26,421



Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Fourth Quarter 2015
	Total Corporation		Consumer Banking			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	9,911	$	5,229		$	1,446		$	2,456	$	1,132		$	(352	)
Card income	1,578		1,314			47			139		19			59
Service charges	1,862		1,045			18			730		64			5
Investment and brokerage services	3,236		66			2,638			21		518			(7		)
Investment banking income (loss)	1,272		1			50			729		532			(40		)
Trading account profits	963		—			44			34		797			88
Mortgage banking income	262		215			2			—		1			44
Gains on sales of debt securities	252		—			—			1		—			251
Other income (loss)	471		142			233			451		54			(409		)
Total noninterest income	9,896		2,783			3,032			2,105		1,985			(9		)
Total revenue, net of interest expense (FTE basis)	19,807		8,012			4,478			4,561		3,117			(361		)
Provision for credit losses	810		684			15			232		30			(151		)
Noninterest expense	14,010		4,637			3,497			2,085		2,768			1,023
Income (loss) before income taxes (FTE basis)	4,987		2,691			966			2,244		319			(1,233		)
Income tax expense (benefit) (FTE basis)	1,703		955			343			828		149			(572		)
Net income (loss)	$	3,284	$	1,736		$	623		$	1,416	$	170		$	(661	)

Average
Total loans and leases	$	886,156	$	235,498		$	137,022		$	318,699	$	68,835		$	126,102
Total assets ⁽¹⁾	2,180,507		630,973			285,329			381,887		586,606			295,712
Total deposits	1,186,051		563,745			251,306			307,806		37,175			26,019
Period end
Total loans and leases	$	896,983	$	238,851		$	139,039		$	323,687	$	73,208		$	122,198
Total assets ⁽¹⁾	2,144,287		645,427			296,271			386,132		548,790			267,667
Total deposits	1,197,259		577,832			260,893			296,162		37,038			25,334

	Third Quarter 2015
	Total Corporation		Consumer Banking			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,127	$	5,093		$	1,360		$	2,315	$	1,094		$	265
Card income	1,510		1,248			44			132		18			68
Service charges	1,898		1,057			18			746		73			4
Investment and brokerage services	3,336		69			2,682			11		574			—
Investment banking income (loss)	1,287		(1		)	55			752		521			(40		)
Trading account profits	1,616		—			43			100		1,471			2
Mortgage banking income	407		290			2			—		—			115
Gains on sales of debt securities	437		—			—			—		1			436
Other income (loss)	601		225			249			280		(2		)	(151		)
Total noninterest income	11,092		2,888			3,093			2,021		2,656			434
Total revenue, net of interest expense (FTE basis)	21,219		7,981			4,453			4,336		3,750			699
Provision for credit losses	806		523			(2		)	181		42			62
Noninterest expense	13,939		4,711			3,470			2,161		2,697			900
Income (loss) before income taxes (FTE basis)	6,474		2,747			985			1,994		1,011			(263		)
Income tax expense (benefit) (FTE basis)	1,855		990			353			716		211			(415		)
Net income	$	4,619	$	1,757		$	632		$	1,278	$	800		$	152

Average
Total loans and leases	$	877,429	$	233,103		$	134,319		$	308,710	$	66,349		$	134,948
Total assets ⁽¹⁾	2,168,930		623,324			274,272			370,246		594,142			306,946
Total deposits	1,159,231		555,987			243,980			296,321		36,818			26,125
Period end
Total loans and leases	$	882,076	$	234,995		$	135,805		$	313,596	$	70,159		$	127,521
Total assets ⁽¹⁾	2,152,962		625,158			279,237			376,379		576,461			295,727
Total deposits	1,162,009		557,626			246,172			297,644		35,943			24,624



Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Second Quarter 2015
	Total Corporation		Consumer Banking		GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	9,739	$	4,988	$	1,326		$	2,179	$	983		$	263
Card income	1,477		1,207		41			128		36			65
Service charges	1,857		1,033		19			728		73			4
Investment and brokerage services	3,387		68		2,749			14		556			—
Investment banking income (loss)	1,526		—		84			777		718			(53		)
Trading account profits (losses)	1,647		—		53			20		1,703			(129		)
Mortgage banking income	1,001		360		3			—		—			638
Gains (losses) on sales of debt securities	171		—		(1		)	—		7			165
Other income (loss)	457		47		267			399		(130		)	(126		)
Total noninterest income	11,523		2,715		3,215			2,066		2,963			564
Total revenue, net of interest expense (FTE basis)	21,262		7,703		4,541			4,245		3,946			827
Provision for credit losses	780		470		15			178		6			111
Noninterest expense	13,959		4,637		3,486			2,087		2,749			1,000
Income (loss) before income taxes (FTE basis)	6,523		2,596		1,040			1,980		1,191			(284		)
Income tax expense (benefit) (FTE basis)	1,958		967		388			740		408			(545		)
Net income	$	4,565	$	1,629	$	652		$	1,240	$	783		$	261

Average
Total loans and leases	$	876,178	$	230,704	$	131,364		$	299,483	$	61,819		$	152,808
Total assets ⁽¹⁾	2,151,966		620,355		268,908			361,867		599,985			300,851
Total deposits	1,146,789		552,973		239,974			288,117		39,051			26,674
Period end
Total loans and leases	$	881,196	$	232,271	$	133,499		$	305,643	$	65,962		$	143,821
Total assets ⁽¹⁾	2,148,899		621,883		267,099			367,052		578,052			314,813
Total deposits	1,149,560		554,204		237,624			292,261		38,751			26,720

	First Quarter 2015
	Total Corporation		Consumer Banking		GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,070	$	5,118	$	1,395		$	2,294	$	982		$	281
Card income	1,394		1,168		49			100		9			68
Service charges	1,764		966		18			710		65			5
Investment and brokerage services	3,378		65		2,723			18		573			(1		)
Investment banking income (loss)	1,487		—		72			852		630			(67		)
Trading account profits (losses)	2,247		—		55			62		2,138			(8		)
Mortgage banking income	694		467		2			—		—			225
Gains on sales of debt securities	278		1		1			—		2			274
Other income (loss)	254		44		247			443		(199		)	(281		)
Total noninterest income	11,496		2,711		3,167			2,185		3,218			215
Total revenue, net of interest expense (FTE basis)	21,566		7,829		4,562			4,479		4,200			496
Provision for credit losses	765		669		23			95		21			(43		)
Noninterest expense	15,826		4,731		3,490			2,148		3,160			2,297
Income (loss) before income taxes (FTE basis)	4,975		2,429		1,049			2,236		1,019			(1,758		)
Income tax expense (benefit) (FTE basis)	1,607		902		389			830		349			(863		)
Net income (loss)	$	3,368	$	1,527	$	660		$	1,406	$	670		$	(895	)

Average
Total loans and leases	$	867,169	$	230,359	$	127,162		$	288,351	$	56,601		$	164,696
Total assets ⁽¹⁾	2,138,832		605,806		275,200			361,771		595,592			300,463
Total deposits	1,130,725		538,487		243,561			286,434		39,287			22,956
Period end
Total loans and leases	$	872,750	$	230,213	$	128,623		$	294,372	$	62,627		$	156,915
Total assets ⁽¹⁾	2,143,644		624,689		272,848			365,024		584,192			296,891
Total deposits	1,153,168		557,163		244,080			290,422		38,214			23,289



Bank of America Corporation and Subsidiaries
Annual Results by Business Segment and All Other
(Dollars in millions)
	Year Ended December 31, 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	39,847	$	20,428		$	5,527	$	9,244	$	4,191		$	457
Card income	5,959		4,937			181		499		82			260
Service charges	7,381		4,101			73		2,914		275			18
Investment and brokerage services	13,337		268			10,792		64		2,221			(8		)
Investment banking income (loss)	5,572		—			261		3,110		2,401			(200		)
Trading account profits (losses)	6,473		—			195		216		6,109			(47		)
Mortgage banking income	2,364		1,332			9		—		1			1,022
Gains on sales of debt securities	1,138		1			—		1		10			1,126
Other income (loss)	1,783		458			996		1,573		(277		)	(967		)
Total noninterest income	44,007		11,097			12,507		8,377		10,822			1,204
Total revenue, net of interest expense (FTE basis)	83,854		31,525			18,034		17,621		15,013			1,661
Provision for credit losses	3,161		2,346			51		686		99			(21		)
Noninterest expense	57,734		18,716			13,943		8,481		11,374			5,220
Income (loss) before income taxes (FTE basis)	22,959		10,463			4,040		8,454		3,540			(3,538		)
Income tax expense (benefit) (FTE basis)	7,123		3,814			1,473		3,114		1,117			(2,395		)
Net income (loss)	$	15,836	$	6,649		$	2,567	$	5,340	$	2,423		$	(1,143	)

Average
Total loans and leases	$	876,787	$	232,432		$	132,499	$	303,907	$	63,443		$	144,506
Total assets ⁽¹⁾	2,160,197		620,192			275,950		369,001		594,057			300,997
Total deposits	1,155,860		552,876			244,725		294,733		38,074			25,452
Period end
Total loans and leases	$	896,983	$	238,851		$	139,039	$	323,687	$	73,208		$	122,198
Total assets ⁽¹⁾	2,144,287		645,427			296,271		386,132		548,790			267,667
Total deposits	1,197,259		577,832			260,893		296,162		37,038			25,334

	Year Ended December 31, 2014
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	41,630	$	20,790		$	5,830	$	9,752	$	3,851		$	1,407
Card income	5,944		4,843			204		456		84			357
Service charges	7,443		4,160			76		2,901		281			25
Investment and brokerage services	13,284		251			10,722		69		2,205			37
Investment banking income (loss)	6,065		(1		)	323		3,213		2,743			(213		)
Trading account profits (losses)	6,309		—			179		124		6,027			(21		)
Mortgage banking income	1,563		1,394			8		—		1			160
Gains on sales of debt securities	1,481		2			1		—		10			1,468
Other income (loss)	3,026		389			1,060		1,751		928			(1,102		)
Total noninterest income	45,115		11,038			12,573		8,514		12,279			711
Total revenue, net of interest expense (FTE basis)	86,745		31,828			18,403		18,266		16,130			2,118
Provision for credit losses	2,275		2,470			14		325		110			(644		)
Noninterest expense	75,656		19,390			13,836		8,806		11,989			21,635
Income (loss) before income taxes (FTE basis)	8,814		9,968			4,553		9,135		4,031			(18,873		)
Income tax expense (benefit) (FTE basis)	3,294		3,717			1,698		3,353		1,441			(6,915		)
Net income (loss)	$	5,520	$	6,251		$	2,855	$	5,782	$	2,590		$	(11,958	)

Average
Total loans and leases	$	898,703	$	233,508		$	120,687	$	285,344	$	61,750		$	197,414
Total assets ⁽¹⁾	2,145,393		588,413			267,575		362,273		604,198			322,934
Total deposits	1,124,207		520,186			240,242		288,010		40,221			35,548
Period end
Total loans and leases	$	876,104	$	234,243		$	126,432	$	287,648	$	58,996		$	168,785
Total assets ⁽¹⁾	2,104,539		599,066			274,954		353,637		576,552			300,330
Total deposits	1,118,936		530,641			245,391		279,792		40,665			22,447



Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Net interest income (FTE basis)	$	20,428		$	20,790		$	5,207		$	5,328		$	5,229		$	5,093		$	4,988		$	5,118
Noninterest income:
Card income	4,937			4,843			1,216			1,211			1,314			1,248			1,207			1,168
Service charges	4,101			4,160			1,011			997			1,045			1,057			1,033			966
Mortgage banking income	1,332			1,394			267			190			215			290			360			467
All other income	727			641			94			131			209			293			115			110
Total noninterest income	11,097			11,038			2,588			2,529			2,783			2,888			2,715			2,711
Total revenue, net of interest expense (FTE basis)	31,525			31,828			7,795			7,857			8,012			7,981			7,703			7,829

Provision for credit losses	2,346			2,470			726			531			684			523			470			669

Noninterest expense	18,716			19,390			4,414			4,539			4,637			4,711			4,637			4,731
Income before income taxes (FTE basis)	10,463			9,968			2,655			2,787			2,691			2,747			2,596			2,429
Income tax expense (FTE basis)	3,814			3,717			978			1,024			955			990			967			902
Net income	$	6,649		$	6,251		$	1,677		$	1,763		$	1,736		$	1,757		$	1,629		$	1,527

Net interest yield (FTE basis)	3.52		%	3.80		%	3.34		%	3.53		%	3.51		%	3.46		%	3.45		%	3.67		%
Return on average allocated capital ⁽¹⁾	20			18			20			21			21			21			20			19
Efficiency ratio (FTE basis)	59.37			60.92			56.63			57.77			57.88			59.02			60.21			60.42

Balance Sheet
Average
Total loans and leases	$	232,432		$	233,508		$	242,921		$	237,908		$	235,498		$	233,103		$	230,704		$	230,359
Total earning assets⁽²⁾	580,095			546,831			627,231			607,308			591,330			583,368			579,925			565,436
Total assets ⁽²⁾	620,192			588,413			665,102			646,523			630,973			623,324			620,355			605,806
Total deposits	552,876			520,186			596,474			578,196			563,745			555,987			552,973			538,487
Allocated capital ⁽¹⁾	33,000			34,000			34,000			34,000			33,000			33,000			33,000			33,000

Period end
Total loans and leases	$	238,851		$	234,243		$	247,122		$	240,591		$	238,851		$	234,995		$	232,271		$	230,213
Total earning assets⁽²⁾	605,012			557,541			630,454			626,941			605,012			584,995			581,846			584,113
Total assets ⁽²⁾	645,427			599,066			668,470			666,298			645,427			625,158			621,883			624,689
Total deposits	577,832			530,641			599,457			597,800			577,832			557,626			554,204			557,163



Bank of America Corporation and Subsidiaries
Consumer Banking Annual Results
(Dollars in millions)
	Year Ended December 31, 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	20,428		$	9,635		$	10,793
Noninterest income:
Card income	4,937			11			4,926
Service charges	4,101			4,100			1
Mortgage banking income	1,332			—			1,332
All other income	727			483			244
Total noninterest income	11,097			4,594			6,503
Total revenue, net of interest expense (FTE basis)	31,525			14,229			17,296

Provision for credit losses	2,346			200			2,146

Noninterest expense	18,716			9,856			8,860
Income before income taxes (FTE basis)	10,463			4,173			6,290
Income tax expense (FTE basis)	3,814			1,521			2,293
Net income	$	6,649		$	2,652		$	3,997

Net interest yield (FTE basis)	3.52		%	1.75		%	4.70		%
Return on average allocated capital ⁽¹⁾	20			22			19
Efficiency ratio (FTE basis)	59.37			69.27			51.23

Balance Sheet
Average
Total loans and leases	$	232,432		$	4,713		$	227,719
Total earning assets ⁽²⁾	580,095			549,600			229,579
Total assets ⁽²⁾	620,192			576,569			242,707
Total deposits	552,876			544,685			8,191
Allocated capital ⁽¹⁾	33,000			12,000			21,000

Period end
Total loans and leases	$	238,851		$	4,735		$	234,116
Total earning assets ⁽²⁾	605,012			576,108			235,496
Total assets ⁽²⁾	645,427			603,448			248,571
Total deposits	577,832			571,467			6,365

	Year Ended December 31, 2014
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	20,790		$	9,391		$	11,399
Noninterest income:
Card income	4,843			10			4,833
Service charges	4,160			4,159			1
Mortgage banking income	1,394			—			1,394
All other income	641			416			225
Total noninterest income	11,038			4,585			6,453
Total revenue, net of interest expense (FTE basis)	31,828			13,976			17,852

Provision for credit losses	2,470			268			2,202

Noninterest expense	19,390			10,024			9,366
Income before income taxes (FTE basis)	9,968			3,684			6,284
Income tax expense (FTE basis)	3,717			1,373			2,344
Net income	$	6,251		$	2,311		$	3,940

Net interest yield (FTE basis)	3.80		%	1.82		%	4.95		%
Return on average allocated capital ⁽¹⁾	18			21			17
Efficiency ratio (FTE basis)	60.92			71.73			52.46

Balance Sheet
Average
Total loans and leases	$	233,508		$	5,147		$	228,361
Total earning assets ⁽²⁾	546,831			515,948			230,453
Total assets ⁽²⁾	588,413			542,684			245,299
Total deposits	520,186			511,925			8,261
Allocated capital ⁽¹⁾	34,000			11,000			23,000

Period end
Total loans and leases	$	234,243		$	4,950		$	229,293
Total earning assets ⁽²⁾	557,541			526,780			231,842
Total assets ⁽²⁾	599,066			554,106			246,041
Total deposits	530,641			523,350			7,291

For footnotes see page 24.



Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results
(Dollars in millions)
	Second Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,207		$	2,618		$	2,589
Noninterest income:
Card income	1,216			2			1,214
Service charges	1,011			1,011			—
Mortgage banking income	267			—			267
All other income	94			99			(5		)
Total noninterest income	2,588			1,112			1,476
Total revenue, net of interest expense (FTE basis)	7,795			3,730			4,065

Provision for credit losses	726			41			685

Noninterest expense	4,414			2,376			2,038
Income before income taxes (FTE basis)	2,655			1,313			1,342
Income tax expense (FTE basis)	978			483			495
Net income	$	1,677		$	830		$	847

Net interest yield (FTE basis)	3.34		%	1.77		%	4.34		%
Return on average allocated capital ⁽¹⁾	20			28			16
Efficiency ratio (FTE basis)	56.63			63.69			50.15

Balance Sheet
Average
Total loans and leases	$	242,921		$	4,792		$	238,129
Total earning assets ⁽²⁾	627,231			594,748			239,645
Total assets ⁽²⁾	665,102			621,445			250,819
Total deposits	596,474			589,295			7,179
Allocated capital ⁽¹⁾	34,000			12,000			22,000

Period end
Total loans and leases	$	247,122		$	4,845		$	242,277
Total earning assets ⁽²⁾	630,454			597,992			244,699
Total assets ⁽²⁾	668,470			624,658			256,049
Total deposits	599,457			592,442			7,015

	First Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,328		$	2,692		$	2,636
Noninterest income:
Card income	1,211			3			1,208
Service charges	997			997			—
Mortgage banking income	190			—			190
All other income	131			115			16
Total noninterest income	2,529			1,115			1,414
Total revenue, net of interest expense (FTE basis)	7,857			3,807			4,050

Provision for credit losses	531			48			483

Noninterest expense	4,539			2,456			2,083
Income before income taxes (FTE basis)	2,787			1,303			1,484
Income tax expense (FTE basis)	1,024			479			545
Net income	$	1,763		$	824		$	939

Net interest yield (FTE basis)	3.53		%	1.88		%	4.52		%
Return on average allocated capital ⁽¹⁾	21			28			17
Efficiency ratio (FTE basis)	57.77			64.50			51.44

Balance Sheet
Average
Total loans and leases	$	237,908		$	4,732		$	233,176
Total earning assets ⁽²⁾	607,308			576,633			234,362
Total assets ⁽²⁾	646,523			603,429			246,781
Total deposits	578,196			571,461			6,735
Allocated capital ⁽¹⁾	34,000			12,000			22,000

Period end
Total loans and leases	$	240,591		$	4,737		$	235,854
Total earning assets ⁽²⁾	626,941			596,058			236,962
Total assets ⁽²⁾	666,298			622,783			249,594
Total deposits	597,800			590,829			6,971



Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
	Fourth Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,229		$	2,552		$	2,677
Noninterest income:
Card income	1,314			3			1,311
Service charges	1,045			1,044			1
Mortgage banking income	215			—			215
All other income	209			129			80
Total noninterest income	2,783			1,176			1,607
Total revenue, net of interest expense (FTE basis)	8,012			3,728			4,284

Provision for credit losses	684			55			629

Noninterest expense	4,637			2,502			2,135
Income before income taxes (FTE basis)	2,691			1,171			1,520
Income tax expense (FTE basis)	955			418			537
Net income	$	1,736		$	753		$	983

Net interest yield (FTE basis)	3.51		%	1.80		%	4.57		%
Return on average allocated capital ⁽¹⁾	21			25			19
Efficiency ratio (FTE basis)	57.88			67.13			49.83

Balance Sheet
Average
Total loans and leases	$	235,498		$	4,652		$	230,846
Total earning assets ⁽²⁾	591,330			561,149			232,245
Total assets ⁽²⁾	630,973			587,982			245,055
Total deposits	563,745			556,064			7,681
Allocated capital ⁽¹⁾	33,000			12,000			21,000

Period end
Total loans and leases	$	238,851		$	4,735		$	234,116
Total earning assets ⁽²⁾	605,012			576,108			235,496
Total assets ⁽²⁾	645,427			603,448			248,571
Total deposits	577,832			571,467			6,365

	Third Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,093		$	2,397		$	2,696
Noninterest income:
Card income	1,248			2			1,246
Service charges	1,057			1,057			—
Mortgage banking income	290			—			290
All other income	293			132			161
Total noninterest income	2,888			1,191			1,697
Total revenue, net of interest expense (FTE basis)	7,981			3,588			4,393

Provision for credit losses	523			58			465

Noninterest expense	4,711			2,501			2,210
Income before income taxes (FTE basis)	2,747			1,029			1,718
Income tax expense (FTE basis)	990			370			620
Net income	$	1,757		$	659		$	1,098

Net interest yield (FTE basis)	3.46		%	1.72		%	4.64		%
Return on average allocated capital ⁽¹⁾	21			22			21
Efficiency ratio (FTE basis)	59.02			69.69			50.31

Balance Sheet
Average
Total loans and leases	$	233,103		$	4,662		$	228,441
Total earning assets ⁽²⁾	583,368			552,534			230,523
Total assets ⁽²⁾	623,324			579,604			243,409
Total deposits	555,987			547,727			8,260
Allocated capital ⁽¹⁾	33,000			12,000			21,000

Period end
Total loans and leases	$	234,995		$	4,644		$	230,351
Total earning assets ⁽²⁾	584,995			555,127			232,228
Total assets ⁽²⁾	625,158			582,082			245,436
Total deposits	557,626			550,240			7,386



Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
	Second Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	4,988		$	2,317		$	2,671
Noninterest income:
Card income	1,207			3			1,204
Service charges	1,033			1,033			—
Mortgage banking income	360			—			360
All other income	115			120			(5		)
Total noninterest income	2,715			1,156			1,559
Total revenue, net of interest expense (FTE basis)	7,703			3,473			4,230

Provision for credit losses	470			24			446

Noninterest expense	4,637			2,381			2,256
Income before income taxes (FTE basis)	2,596			1,068			1,528
Income tax expense (FTE basis)	967			397			570
Net income	$	1,629		$	671		$	958

Net interest yield (FTE basis)	3.45		%	1.69		%	4.70		%
Return on average allocated capital ⁽¹⁾	20			22			18
Efficiency ratio (FTE basis)	60.21			68.59			53.32

Balance Sheet
Average
Total loans and leases	$	230,704		$	4,694		$	226,010
Total earning assets ⁽²⁾	579,925			549,061			228,124
Total assets ⁽²⁾	620,355			576,247			241,368
Total deposits	552,973			544,341			8,632
Allocated capital ⁽¹⁾	33,000			12,000			21,000

Period end
Total loans and leases	$	232,271		$	4,712		$	227,559
Total earning assets ⁽²⁾	581,846			551,507			229,860
Total assets ⁽²⁾	621,883			578,048			243,356
Total deposits	554,204			546,173			8,031

	First Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,118		$	2,369		$	2,749
Noninterest income:
Card income	1,168			3			1,165
Service charges	966			966			—
Mortgage banking income	467			—			467
All other income	110			102			8
Total noninterest income	2,711			1,071			1,640
Total revenue, net of interest expense (FTE basis)	7,829			3,440			4,389

Provision for credit losses	669			63			606

Noninterest expense	4,731			2,472			2,259
Income before income taxes (FTE basis)	2,429			905			1,524
Income tax expense (FTE basis)	902			336			566
Net income	$	1,527		$	569		$	958

Net interest yield (FTE basis)	3.67		%	1.80		%	4.90		%
Return on average allocated capital ⁽¹⁾	19			19			19
Efficiency ratio (FTE basis)	60.42			71.82			51.49

Balance Sheet
Average
Total loans and leases	$	230,359		$	4,845		$	225,514
Total earning assets ⁽²⁾	565,436			535,340			227,360
Total assets ⁽²⁾	605,806			562,125			240,945
Total deposits	538,487			530,290			8,197
Allocated capital ⁽¹⁾	33,000			12,000			21,000

Period end
Total loans and leases	$	230,213		$	4,758		$	225,455
Total earning assets ⁽²⁾	584,113			553,380			228,390
Total assets ⁽²⁾	624,689			580,166			242,180
Total deposits	557,163			548,309			8,854



Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Net interest income (FTE basis)	$	5,527		$	5,830		$	1,403		$	1,513		$	1,446		$	1,360		$	1,326		$	1,395
Noninterest income:
Investment and brokerage services	10,792			10,722			2,598			2,536			2,638			2,682			2,749			2,723
All other income	1,715			1,851			424			420			394			411			466			444
Total noninterest income	12,507			12,573			3,022			2,956			3,032			3,093			3,215			3,167
Total revenue, net of interest expense (FTE basis)	18,034			18,403			4,425			4,469			4,478			4,453			4,541			4,562

Provision for credit losses	51			14			14			25			15			(2		)	15			23

Noninterest expense	13,943			13,836			3,288			3,277			3,497			3,470			3,486			3,490
Income before income taxes (FTE basis)	4,040			4,553			1,123			1,167			966			985			1,040			1,049
Income tax expense (FTE basis)	1,473			1,698			420			429			343			353			388			389
Net income	$	2,567		$	2,855		$	703		$	738		$	623		$	632		$	652		$	660

Net interest yield (FTE basis)	2.13		%	2.34		%	2.06		%	2.18		%	2.13		%	2.10		%	2.11		%	2.20		%
Return on average allocated capital ⁽¹⁾	21			24			22			23			21			21			22			22
Efficiency ratio (FTE basis)	77.32			75.18			74.32			73.33			78.13			77.92			76.77			76.50

Balance Sheet
Average
Total loans and leases	$	132,499		$	120,687		$	141,181		$	139,099		$	137,022		$	134,319		$	131,364		$	127,162
Total earning assets ⁽²⁾	259,020			249,043			273,874			279,606			269,250			257,424			251,601			257,694
Total assets ⁽²⁾	275,950			267,575			289,646			295,711			285,329			274,272			268,908			275,200
Total deposits	244,725			240,242			254,804			260,482			251,306			243,980			239,974			243,561
Allocated capital ⁽¹⁾	12,000			12,000			13,000			13,000			12,000			12,000			12,000			12,000

Period end
Total loans and leases	$	139,039		$	126,432		$	142,633		$	139,690		$	139,039		$	135,805		$	133,499		$	128,623
Total earning assets ⁽²⁾	279,597			256,586			270,974			280,118			279,597			262,952			250,798			255,910
Total assets ⁽²⁾	296,271			274,954			286,846			296,200			296,271			279,237			267,099			272,848
Total deposits	260,893			245,391			250,976			260,565			260,893			246,172			237,624			244,080



Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Net interest income (FTE basis)	$	9,244		$	9,752		$	2,424		$	2,545		$	2,456		$	2,315		$	2,179		$	2,294
Noninterest income:
Service charges	2,914			2,901			759			745			730			746			728			710
Investment banking fees	3,110			3,213			799			636			729			752			777			852
All other income	2,353			2,400			712			528			646			523			561			623
Total noninterest income	8,377			8,514			2,270			1,909			2,105			2,021			2,066			2,185
Total revenue, net of interest expense (FTE basis)	17,621			18,266			4,694			4,454			4,561			4,336			4,245			4,479

Provision for credit losses	686			325			199			553			232			181			178			95

Noninterest expense	8,481			8,806			2,126			2,172			2,085			2,161			2,087			2,148
Income before income taxes (FTE basis)	8,454			9,135			2,369			1,729			2,244			1,994			1,980			2,236
Income tax expense (FTE basis)	3,114			3,353			873			636			828			716			740			830
Net income	$	5,340		$	5,782		$	1,496		$	1,093		$	1,416		$	1,278		$	1,240		$	1,406

Net interest yield (FTE basis)	2.90		%	3.13		%	2.81		%	3.00		%	2.93		%	2.87		%	2.80		%	2.99		%
Return on average allocated capital ⁽¹⁾	15			17			16			12			16			14			14			16
Efficiency ratio (FTE basis)	48.13			48.21			45.29			48.77			45.72			49.86			49.14			47.96

Balance Sheet
Average
Total loans and leases	$	303,907		$	285,344		$	334,396		$	328,643		$	318,699		$	308,710		$	299,483		$	288,351
Total earnings assets ⁽²⁾	318,977			311,651			347,347			341,386			332,022			320,307			311,640			311,701
Total assets ⁽²⁾	369,001			362,273			395,997			391,774			381,887			370,246			361,867			361,771
Total deposits	294,733			288,010			298,805			297,134			307,806			296,321			288,117			286,434
Allocated capital ⁽¹⁾	35,000			33,500			37,000			37,000			35,000			35,000			35,000			35,000

Period end
Total loans and leases	$	323,687		$	287,648		$	334,838		$	333,604		$	323,687		$	313,596		$	305,643		$	294,372
Total earnings assets ⁽²⁾	334,766			303,080			348,935			345,355			334,766			325,685			317,672			313,537
Total assets ⁽²⁾	386,132			353,637			397,566			394,736			386,132			376,379			367,052			365,024
Total deposits	296,162			279,792			304,577			298,072			296,162			297,644			292,261			290,422



Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Net interest income (FTE basis)	$	4,191		$	3,851		$	1,088		$	1,184		$	1,132		$	1,094		$	983		$	982
Noninterest income:
Investment and brokerage services	2,221			2,205			525			568			518			574			556			573
Investment banking fees	2,401			2,743			603			494			532			521			718			630
Trading account profits	6,109			6,027			1,872			1,595			797			1,471			1,703			2,138
All other income (loss)	91			1,304			220			110			138			90			(14		)	(123		)
Total noninterest income	10,822			12,279			3,220			2,767			1,985			2,656			2,963			3,218
Total revenue, net of interest expense (FTE basis) ⁽¹⁾	15,013			16,130			4,308			3,951			3,117			3,750			3,946			4,200

Provision for credit losses	99			110			(5		)	9			30			42			6			21

Noninterest expense	11,374			11,989			2,581			2,451			2,768			2,697			2,749			3,160
Income before income taxes (FTE basis)	3,540			4,031			1,732			1,491			319			1,011			1,191			1,019
Income tax expense (FTE basis)	1,117			1,441			619			519			149			211			408			349
Net income	$	2,423		$	2,590		$	1,113		$	972		$	170		$	800		$	783		$	670

Return on average allocated capital ⁽²⁾	7		%	8		%	12		%	11		%	2		%	9		%	9		%	8		%
Efficiency ratio (FTE basis)	75.75			74.33			59.95			62.02			88.76			71.93			69.65			75.25

Balance Sheet
Average
Total trading-related assets ⁽³⁾	$	433,169		$	449,623		$	411,285		$	407,661		$	415,856		$	431,172		$	442,175		$	443,801
Total loans and leases	63,443			61,750			69,620			69,283			68,835			66,349			61,819			56,601
Total earning assets ⁽³⁾	430,468			457,871			422,815			418,198			419,977			436,809			433,254			431,896
Total assets	594,057			604,198			580,701			581,226			586,606			594,142			599,985			595,592
Total deposits	38,074			40,221			34,518			35,886			37,175			36,818			39,051			39,287
Allocated capital ⁽²⁾	35,000			34,000			37,000			37,000			35,000			35,000			35,000			35,000

Period end
Total trading-related assets ⁽³⁾	$	373,926		$	418,847		$	405,037		$	408,223		$	373,926		$	407,086		$	406,098		$	424,899
Total loans and leases	73,208			58,996			70,766			73,446			73,208			70,159			65,962			62,627
Total earning assets ⁽³⁾	384,046			418,849			416,325			422,268			384,046			418,519			405,883			418,747
Total assets	548,790			576,552			577,428			581,150			548,790			576,461			578,052			584,192
Total deposits	37,038			40,665			33,506			34,403			37,038			35,943			38,751			38,214

Trading-related assets (average)
Trading account securities	$	195,650		$	201,951		$	178,047		$	187,931		$	195,275		$	196,685		$	197,117		$	193,491
Reverse repurchases	103,506			115,897			92,805			85,411			86,553			103,312			109,293			115,182
Securities borrowed	79,494			85,098			89,779			80,807			82,385			75,786			81,091			78,713
Derivative assets	54,519			46,677			50,654			53,512			51,643			55,389			54,674			56,415
Total trading-related assets ⁽³⁾	$	433,169		$	449,623		$	411,285		$	407,661		$	415,856		$	431,172		$	442,175		$	443,801



Bank of America Corporation and Subsidiaries
All Other Results ⁽¹⁾
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
Net interest income (FTE basis)	$	457		$	1,407		$	219		$	130		$	(352	)	$	265		$	263		$	281
Noninterest income:
Card income	260			357			55			44			59			68			65			68
Mortgage banking income	1,022			160			44			242			44			115			638			225
Gains on sales of debt securities	1,126			1,468			249			190			251			436			165			274
All other loss	(1,204		)	(1,274		)	(280		)	(332		)	(363		)	(185		)	(304		)	(352		)
Total noninterest income	1,204			711			68			144			(9		)	434			564			215
Total revenue, net of interest expense (FTE basis)	1,661			2,118			287			274			(361		)	699			827			496

Provision for credit losses	(21		)	(644		)	42			(121		)	(151		)	62			111			(43		)

Noninterest expense	5,220			21,635			1,084			2,377			1,023			900			1,000			2,297
Loss before income taxes (FTE basis)	(3,538		)	(18,873		)	(839		)	(1,982		)	(1,233		)	(263		)	(284		)	(1,758		)
Income tax benefit (FTE basis)	(2,395		)	(6,915		)	(633		)	(888		)	(572		)	(415		)	(545		)	(863		)
Net income (loss)	$	(1,143	)	$	(11,958	)	$	(206	)	$	(1,094	)	$	(661	)	$	152		$	261		$	(895	)

Balance Sheet
Average
Total loans and leases	$	144,506		$	197,414		$	111,552		$	118,051		$	126,102		$	134,948		$	152,808		$	164,696
Total assets ⁽²⁾	300,997			322,934			256,795			258,688			295,712			306,946			300,851			300,463
Total deposits	25,452			35,548			28,690			26,757			26,019			26,125			26,674			22,956

Period end
Total loans and leases	$	122,198		$	168,785		$	107,794		$	113,782		$	122,198		$	127,521		$	143,821		$	156,915
Total assets ⁽³⁾	267,667			300,330			256,656			247,342			267,667			295,727			314,813			296,891
Total deposits	25,334			22,447			27,575			26,421			25,334			24,624			26,720			23,289

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. The Corporation presents related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax-exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. For purposes of this calculation, the Corporation uses the federal statutory tax rate of 35 percent. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield measures the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents an adjusted shareholders' equity or common shareholders' equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible common shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.



	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015

Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	38,958		$	40,779		$	10,118		$	10,485		$	9,686		$	9,900		$	9,517		$	9,855
Fully taxable-equivalent adjustment	889			851			223			215			225			227			222			215
Net interest income on a fully taxable-equivalent basis	$	39,847		$	41,630		$	10,341		$	10,700		$	9,911		$	10,127		$	9,739		$	10,070

Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis
Total revenue, net of interest expense	$	82,965		$	85,894		$	21,286		$	20,790		$	19,582		$	20,992		$	21,040		$	21,351
Fully taxable-equivalent adjustment	889			851			223			215			225			227			222			215
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	83,854		$	86,745		$	21,509		$	21,005		$	19,807		$	21,219		$	21,262		$	21,566

Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	6,234		$	2,443		$	2,034		$	1,505		$	1,478		$	1,628		$	1,736		$	1,392
Fully taxable-equivalent adjustment	889			851			223			215			225			227			222			215
Income tax expense on a fully taxable-equivalent basis	$	7,123		$	3,294		$	2,257		$	1,720		$	1,703		$	1,855		$	1,958		$	1,607

Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	230,173		$	222,907		$	240,376		$	237,229		$	234,800		$	231,524		$	228,774		$	225,477
Goodwill	(69,772		)	(69,809		)	(69,751		)	(69,761		)	(69,761		)	(69,774		)	(69,775		)	(69,776		)
Intangible assets (excluding mortgage servicing rights)	(4,201		)	(5,109		)	(3,480		)	(3,687		)	(3,888		)	(4,099		)	(4,307		)	(4,518		)
Related deferred tax liabilities	1,852			2,090			1,662			1,707			1,753			1,811			1,885			1,959
Tangible common shareholders' equity	$	158,052		$	150,079		$	168,807		$	165,488		$	162,904		$	159,462		$	156,577		$	153,142

Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	251,981		$	238,317		$	265,354		$	260,423		$	257,074		$	253,798		$	251,048		$	245,863
Goodwill	(69,772		)	(69,809		)	(69,751		)	(69,761		)	(69,761		)	(69,774		)	(69,775		)	(69,776		)
Intangible assets (excluding mortgage servicing rights)	(4,201		)	(5,109		)	(3,480		)	(3,687		)	(3,888		)	(4,099		)	(4,307		)	(4,518		)
Related deferred tax liabilities	1,852			2,090			1,662			1,707			1,753			1,811			1,885			1,959
Tangible shareholders' equity	$	179,860		$	165,489		$	193,785		$	188,682		$	185,178		$	181,736		$	178,851		$	173,528



Exhibit A: Non-GAAP Reconciliations (continued)

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Year Ended December 31						Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015

Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	233,903		$	224,167		$	242,206		$	238,662		$	233,903		$	233,589		$	229,251		$	228,012
Goodwill	(69,761		)	(69,777		)	(69,744		)	(69,761		)	(69,761		)	(69,761		)	(69,775		)	(69,776		)
Intangible assets (excluding mortgage servicing rights)	(3,768		)	(4,612		)	(3,352		)	(3,578		)	(3,768		)	(3,973		)	(4,188		)	(4,391		)
Related deferred tax liabilities	1,716			1,960			1,637			1,667			1,716			1,762			1,813			1,900
Tangible common shareholders' equity	$	162,090		$	151,738		$	170,747		$	166,990		$	162,090		$	161,617		$	157,101		$	155,745

Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	256,176		$	243,476		$	267,426		$	263,004		$	256,176		$	255,862		$	251,524		$	250,285
Goodwill	(69,761		)	(69,777		)	(69,744		)	(69,761		)	(69,761		)	(69,761		)	(69,775		)	(69,776		)
Intangible assets (excluding mortgage servicing rights)	(3,768		)	(4,612		)	(3,352		)	(3,578		)	(3,768		)	(3,973		)	(4,188		)	(4,391		)
Related deferred tax liabilities	1,716			1,960			1,637			1,667			1,716			1,762			1,813			1,900
Tangible shareholders' equity	$	184,363		$	171,047		$	195,967		$	191,332		$	184,363		$	183,890		$	179,374		$	178,018

Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,144,287		$	2,104,539		$	2,186,966		$	2,185,726		$	2,144,287		$	2,152,962		$	2,148,899		$	2,143,644
Goodwill	(69,761		)	(69,777		)	(69,744		)	(69,761		)	(69,761		)	(69,761		)	(69,775		)	(69,776		)
Intangible assets (excluding mortgage servicing rights)	(3,768		)	(4,612		)	(3,352		)	(3,578		)	(3,768		)	(3,973		)	(4,188		)	(4,391		)
Related deferred tax liabilities	1,716			1,960			1,637			1,667			1,716			1,762			1,813			1,900
Tangible assets	$	2,072,474		$	2,032,110		$	2,115,507		$	2,114,054		$	2,072,474		$	2,080,990		$	2,076,749		$	2,071,377




Bank of America Corporation and Subsidiaries
Table of Contents	Page

Consolidated Financial Highlights	2
Consolidated Statement of Income	3
Consolidated Statement of Comprehensive Income	4
Consolidated Balance Sheet As of June 30, 2016, December 31, 2015 and 2014	5
Quarterly Average Balances and Interest Rates	7
Annual Average Balances and Interest Rates	11
Debt Securities and Available-for-Sale Marketable Equity Securities As of June 30, 2016, December 31, 2015 and 2014	13
Quarterly Results by Business Segment and All Other	15
Annual Results by Business Segment and All Other	18
Supplemental Financial Data	19
Consumer Banking
Total Segment Results	20
Business Results	21
Global Wealth & Investment Management
Total Segment Results	25
Global Banking
Total Segment Results	26
Global Markets
Total Segment Results	27
All Other
Total Results	28
Exhibit A: Non-GAAP Reconciliations	29

Note: Periods presented are the annual results for 2015 and 2014, and quarterly results for 2016 and 2015, unless otherwise noted.



This information is preliminary and based on company data available at the time of the presentation.	2


⁽¹⁾	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.


⁽²⁾	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:


⁽¹⁾	Classified in other assets on the Consolidated Balance Sheet.


⁽¹⁾	These securities are primarily used to satisfy certain international regulatory liquidity requirements.


⁽¹⁾	Total assets include asset allocations to match liabilities (i.e., deposits).


⁽¹⁾	Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.


⁽²⁾	Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.


⁽²⁾	For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, the Corporation allocates assets from All Other to match the segments' and businesses' liabilities and allocated shareholders' equity. As a result, total earning assets and total assets of the businesses may not equal total Consumer Banking.


⁽¹⁾	Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments.


⁽³⁾	Trading-related assets include derivative assets, which are considered non-earning assets.


⁽³⁾	Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $492.3 billion, $510.0 billion, $489.0 billion, $461.9 billion, $453.2 billion, $475.1 billion and $443.5 billion at June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, respectively.