Exhibit

Supplemental Information

Third Quarter 2017

Current period information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in Bank of America's reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC's website (www.sec.gov) or at Bank of America's website (www.bankofamerica.com). Bank of America's future financial performance is subject to risks and uncertainties as described in its SEC filings.



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	5
Capital Management	7
Regulatory Capital Reconciliations	8
Quarterly Average Balances and Interest Rates	9
Year-to-Date Average Balances and Interest Rates	11
Debt Securities and Available-for-Sale Marketable Equity Securities	13
Supplemental Financial Data	14
Quarterly Results by Business Segment and All Other	15
Year-to-Date Results by Business Segment and All Other	17
Consumer Banking
Total Segment Results	18
Business Results	19
Key Indicators	22
Global Wealth & Investment Management
Total Segment Results	24
Key Indicators	25
Global Banking
Total Segment Results	26
Key Indicators	27
Investment Banking Product Rankings	28
Global Markets
Total Segment Results	29
Key Indicators	30
All Other
Total Results	31
Outstanding Loans and Leases	32
Quarterly Average Loans and Leases by Business Segment and All Other	33
Commercial Credit Exposure by Industry	34
Top 20 Non-U.S. Countries Exposure	35
Nonperforming Loans, Leases and Foreclosed Properties	36
Nonperforming Loans, Leases and Foreclosed Properties Activity	37
Quarterly Net Charge-offs and Net Charge-off Ratios	38
Year-to-Date Net Charge-offs and Net Charge-off Ratios	39
Allocation of the Allowance for Credit Losses by Product Type	40

Exhibit A: Non-GAAP Reconciliations	41



Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Income statement
Net interest income	$	33,205		$	30,804		$	11,161		$	10,986		$	11,058		$	10,292		$	10,201
Noninterest income	33,711			32,907			10,678			11,843			11,190			9,698			11,434
Total revenue, net of interest expense	66,916			63,711			21,839			22,829			22,248			19,990			21,635
Provision for credit losses	2,395			2,823			834			726			835			774			850
Noninterest expense	41,713			41,790			13,139			13,726			14,848			13,161			13,481
Income tax expense	7,096			5,888			2,279			3,108			1,709			1,359			2,349
Net income	15,712			13,210			5,587			5,269			4,856			4,696			4,955
Preferred stock dividends	1,328			1,321			465			361			502			361			503
Net income applicable to common shareholders	14,384			11,889			5,122			4,908			4,354			4,335			4,452
Diluted earnings per common share	1.35			1.10			0.48			0.46			0.41			0.40			0.41
Average diluted common shares issued and outstanding	10,820,425			11,046,807			10,725,482			10,822,069			10,914,815			10,958,621			11,000,473
Dividends paid per common share	$	0.27		$	0.175		$	0.12		$	0.075		$	0.075		$	0.075		$	0.075

Performance ratios
Return on average assets	0.93		%	0.81		%	0.98		%	0.93		%	0.88		%	0.85		%	0.90		%
Return on average common shareholders' equity	7.81			6.61			8.14			8.00			7.27			7.04			7.27
Return on average shareholders' equity	7.75			6.66			8.10			7.79			7.35			6.91			7.33
Return on average tangible common shareholders' equity ⁽¹⁾	10.95			9.40			11.32			11.23			10.28			9.92			10.28
Return on average tangible shareholders' equity ⁽¹⁾	10.48			9.13			10.89			10.54			10.00			9.38			9.98


At period end
Book value per share of common stock	$	23.92		$	24.19		$	23.92		$	24.88		$	24.36		$	24.04		$	24.19
Tangible book value per share of common stock ⁽¹⁾	17.23			17.14			17.23			17.78			17.23			16.95			17.14
Market price per share of common stock:
Closing price	$	25.34		$	15.65		$	25.34		$	24.26		$	23.59		$	22.10		$	15.65
High closing price for the period	25.50			16.43			25.45			24.32			25.50			23.16			16.19
Low closing price for the period	22.05			11.16			22.89			22.23			22.05			15.63			12.74
Market capitalization	264,992			158,438			264,992			239,643			235,291			222,163			158,438

Number of financial centers - U.S.	4,511			4,629			4,511			4,542			4,559			4,579			4,629
Number of branded ATMs - U.S.	15,973			15,959			15,973			15,972			15,939			15,928			15,959
Headcount	209,839			211,877			209,839			210,904			210,533			210,673			211,877

⁽¹⁾

Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 41-42.)

Certain prior period amounts have been reclassified to conform to current period presentation.



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



Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Nine Months Ended September 30				Third Quarter 2017			Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016		Third Quarter 2016
	2017		2016		Third Quarter 2017			Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016		Third Quarter 2016
Interest income
Loans and leases	$	26,877	$	24,837	$	9,203		$	8,920	$	8,754	$	8,391	$	8,358
Debt securities	7,764		6,922		2,629			2,594		2,541		2,245		2,144
Federal funds sold and securities borrowed or purchased under agreements to resell	1,658		803		659			560		439		315		267
Trading account assets	3,330		3,330		1,091			1,163		1,076		1,093		1,076
Other interest income	2,884		2,300		1,075			909		900		821		765
Total interest income	42,513		38,192		14,657			14,146		13,710		12,865		12,610

Interest expense
Deposits	1,252		736		624			346		282		279		266
Short-term borrowings	2,508		1,808		944			917		647		542		569
Trading account liabilities	890		778		319			307		264		240		244
Long-term debt	4,658		4,066		1,609			1,590		1,459		1,512		1,330
Total interest expense	9,308		7,388		3,496			3,160		2,652		2,573		2,409
Net interest income	33,205		30,804		11,161			10,986		11,058		10,292		10,201

Noninterest income
Card income	4,347		4,349		1,429			1,469		1,449		1,502		1,455
Service charges	5,863		5,660		1,968			1,977		1,918		1,978		1,952
Investment and brokerage services	9,882		9,543		3,303			3,317		3,262		3,202		3,160
Investment banking income	4,593		4,019		1,477			1,532		1,584		1,222		1,458
Trading account profits	6,124		5,821		1,837			1,956		2,331		1,081		2,141
Mortgage banking income (loss)	332		1,334		(20		)	230		122		519		589
Gains on sales of debt securities	278		490		125			101		52		—		51
Other income	2,292		1,691		559			1,261		472		194		628
Total noninterest income	33,711		32,907		10,678			11,843		11,190		9,698		11,434
Total revenue, net of interest expense	66,916		63,711		21,839			22,829		22,248		19,990		21,635

Provision for credit losses	2,395		2,823		834			726		835		774		850

Noninterest expense
Personnel	24,353		24,278		7,483			7,712		9,158		7,338		7,704
Occupancy	3,000		3,069		999			1,001		1,000		969		1,005
Equipment	1,281		1,357		416			427		438		447		443
Marketing	1,235		1,243		461			442		332		460		410
Professional fees	1,417		1,433		476			485		456		538		536
Amortization of intangibles	473		554		151			160		162		176		181
Data processing	2,344		2,240		777			773		794		767		685
Telecommunications	538		551		170			177		191		195		189
Other general operating	7,072		7,065		2,206			2,549		2,317		2,271		2,328
Total noninterest expense	41,713		41,790		13,139			13,726		14,848		13,161		13,481
Income before income taxes	22,808		19,098		7,866			8,377		6,565		6,055		7,304
Income tax expense	7,096		5,888		2,279			3,108		1,709		1,359		2,349
Net income	$	15,712	$	13,210	$	5,587		$	5,269	$	4,856	$	4,696	$	4,955
Preferred stock dividends	1,328		1,321		465			361		502		361		503
Net income applicable to common shareholders	$	14,384	$	11,889	$	5,122		$	4,908	$	4,354	$	4,335	$	4,452

Per common share information
Earnings	$	1.42	$	1.15	$	0.50		$	0.49	$	0.43	$	0.43	$	0.43
Diluted earnings	1.35		1.10		0.48			0.46		0.41		0.40		0.41
Dividends paid	0.27		0.175		0.12			0.075		0.075		0.075		0.075
Average common shares issued and outstanding	10,103,386		10,312,878		10,197,891			10,013,503		10,099,557		10,170,031		10,250,124
Average diluted common shares issued and outstanding	10,820,425		11,046,807		10,725,482			10,822,069		10,914,815		10,958,621		11,000,473

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	3



Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Net income	$	15,712		$	13,210		$	5,587		$	5,269		$	4,856		$	4,696		$	4,955
Other comprehensive income (loss), net-of-tax:
Net change in debt and marketable equity securities	931			3,319			462			568			(99		)	(4,664		)	208
Net change in debit valuation adjustments	(149		)	49			(80		)	(78		)	9			(205		)	(65		)
Net change in derivatives	156			277			24			94			38			(95		)	127
Employee benefit plan adjustments	80			29			26			27			27			(553		)	6
Net change in foreign currency translation adjustments	102			(17		)	5			100			(3		)	(70		)	(8		)
Other comprehensive income (loss)	1,120			3,657			437			711			(28		)	(5,587		)	268
Comprehensive income (loss)	$	16,832		$	16,867		$	6,024		$	5,980		$	4,828		$	(891	)	$	5,223

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	4



Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	September 30 2017			June 30 2017			September 30 2016
Assets
Cash and due from banks	$	30,819		$	29,974		$	26,701
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	141,562			128,730			116,733
Cash and cash equivalents	172,381			158,704			143,434
Time deposits placed and other short-term investments	9,493			10,152			8,506
Federal funds sold and securities borrowed or purchased under agreements to resell	217,214			217,201			218,810
Trading account assets	210,319			216,369			187,849
Derivative assets	38,384			39,190			47,896
Debt securities:
Carried at fair value	316,864			315,509			322,505
Held-to-maturity, at cost	122,345			119,008			112,409
Total debt securities	439,209			434,517			434,914
Loans and leases	927,117			916,666			905,008
Allowance for loan and lease losses	(10,693		)	(10,875		)	(11,692		)
Loans and leases, net of allowance	916,424			905,791			893,316
Premises and equipment, net	8,971			8,904			9,133
Mortgage servicing rights	2,407			2,501			2,477
Goodwill	68,968			68,969			69,744
Intangible assets	2,459			2,610			3,168
Loans held-for-sale	13,243			5,882			10,586
Customer and other receivables	55,855			59,342			54,116
Other assets	128,569			124,397			111,365
Total assets	$	2,283,896		$	2,254,529		$	2,195,314

Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	5,142		$	4,543		$	5,699
Loans and leases	50,022			51,604			57,826
Allowance for loan and lease losses	(1,023		)	(1,004		)	(1,085		)
Loans and leases, net of allowance	48,999			50,600			56,741
Loans held-for-sale	66			93			209
All other assets	662			1,136			1,467
Total assets of consolidated variable interest entities	$	54,869		$	56,372		$	64,116

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	5



Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	September 30 2017			June 30 2017			September 30 2016
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	429,861		$	427,715		$	431,418
Interest-bearing	776,756			757,888			728,498
Deposits in non-U.S. offices:
Noninterest-bearing	14,126			13,446			11,596
Interest-bearing	63,674			63,931			61,383
Total deposits	1,284,417			1,262,980			1,232,895
Federal funds purchased and securities loaned or sold under agreements to repurchase	189,790			196,407			178,195
Trading account liabilities	86,434			77,933			76,998
Derivative liabilities	31,781			34,880			43,484
Short-term borrowings	32,679			36,494			26,889
Accrued expenses and other liabilities (includes $762, $757 and $767 of reserve for unfunded lending commitments)	157,670			150,925			141,634
Long-term debt	228,666			223,923			225,136
Total liabilities	2,011,437			1,983,542			1,925,231
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,837,683, 3,887,329 and 3,887,439 shares	22,323			25,220			25,220
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,457,473,674, 9,878,118,264 and 10,123,845,121 shares	142,818			142,744			148,261
Retained earnings	113,486			109,628			98,303
Accumulated other comprehensive income (loss)	(6,168		)	(6,605		)	(1,701		)
Total shareholders' equity	272,459			270,987			270,083
Total liabilities and shareholders' equity	$	2,283,896		$	2,254,529		$	2,195,314

Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	122		$	97		$	546
Long-term debt	9,457			9,765			11,209
All other liabilities	54			52			38
Total liabilities of consolidated variable interest entities	$	9,633		$	9,914		$	11,793

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	6



Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	Basel 3 Transition
	September 30 2017			June 30 2017			March 31 2017			December 31 2016			September 30 2016
Risk-based capital metrics ⁽¹⁾:
Standardized Approach
Common equity tier 1 capital	$	176,094		$	171,431		$	167,351		$	168,866		$	169,925
Tier 1 capital	196,438			194,822			190,332			190,315			191,435
Total capital	232,814			231,696			227,250			228,187			229,132
Risk-weighted assets	1,407,423			1,389,696			1,398,343			1,399,477			1,395,541
Common equity tier 1 capital ratio	12.5		%	12.3		%	12.0		%	12.1		%	12.2		%
Tier 1 capital ratio	14.0			14.0			13.6			13.6			13.7
Total capital ratio	16.5			16.7			16.3			16.3			16.4

Advanced Approaches
Common equity tier 1 capital	$	176,094		$	171,431		$	167,351		$	168,866		$	169,925
Tier 1 capital	196,438			194,822			190,332			190,315			191,435
Total capital	223,781			222,671			218,112			218,981			219,878
Risk-weighted assets	1,482,587			1,477,633			1,516,686			1,529,903			1,547,221
Common equity tier 1 capital ratio	11.9		%	11.6		%	11.0		%	11.0		%	11.0		%
Tier 1 capital ratio	13.2			13.2			12.5			12.4			12.4
Total capital ratio	15.1			15.1			14.4			14.3			14.2

Leverage-based metrics ⁽²⁾
Adjusted average assets	$	2,193,739		$	2,192,337		$	2,153,125		$	2,131,121		$	2,111,234
Tier 1 leverage ratio	9.0		%	8.9		%	8.8		%	8.9		%	9.1		%

Supplementary leverage exposure	$	2,742,218		$	2,754,960		$	2,715,589		$	2,702,248		$	2,703,905
Supplementary leverage ratio	7.1		%	7.0		%	7.0		%	6.9		%	7.1		%

Tangible equity ratio ⁽³⁾	9.1			9.2			9.1			9.2			9.4
Tangible common equity ratio⁽³⁾	8.1			8.0			7.9			8.1			8.2


⁽¹⁾	Regulatory capital ratios reflect the transition provisions of Basel 3.

⁽²⁾

The numerator of the supplementary leverage ratio and Tier 1 leverage ratio is quarter-end Basel 3 Tier 1 capital. The Tier 1 leverage ratio reflects the transition provisions of Basel 3, and the supplementary leverage ratio is calculated on a fully phased-in basis. The denominator of supplementary leverage exposure is total leverage exposure based on the daily average of the sum of on-balance sheet exposures less permitted Tier 1 deductions, as well as the simple average of certain off-balance sheet exposures, as of the end of each month in a quarter. Off-balance sheet exposures primarily include undrawn lending commitments, letters of credit, potential future derivative exposures and repo-style transactions.

⁽³⁾

Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders' equity divided by period-end tangible assets. Tangible shareholders' equity and tangible assets are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 41-42.)

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	7



Bank of America Corporation and Subsidiaries
Regulatory Capital Reconciliations ^{(1, 2)}
(Dollars in millions)
	September 30 2017			June 30 2017			March 31 2017			December 31 2016			September 30 2016
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	176,094		$	171,431		$	167,351		$	168,866		$	169,925
Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition	(1,357		)	(1,457		)	(1,594		)	(3,318		)	(3,143		)
Accumulated OCI phased in during transition	(747		)	(845		)	(964		)	(1,899		)	188
Intangibles phased in during transition	(316		)	(338		)	(375		)	(798		)	(853		)
Defined benefit pension fund assets phased in during transition	(187		)	(181		)	(175		)	(341		)	(375		)
DVA related to liabilities and derivatives phased in during transition	158			156			128			276			168
Other adjustments and deductions phased in during transition	(77		)	(62		)	(38		)	(57		)	(35		)
Common equity tier 1 capital (fully phased-in)	$	173,568		$	168,704		$	164,333		$	162,729		$	165,875

Risk-weighted assets – As reported to Basel 3 (fully phased-in)
Basel 3 Standardized approach risk-weighted assets as reported	$	1,407,423		$	1,389,696		$	1,398,343		$	1,399,477		$	1,395,541
Changes in risk-weighted assets from reported to fully phased-in	12,709			15,413			17,784			17,638			15,587
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	$	1,420,132		$	1,405,109		$	1,416,127		$	1,417,115		$	1,411,128

Basel 3 Advanced approaches risk-weighted assets as reported	$	1,482,587		$	1,477,633		$	1,516,686		$	1,529,903		$	1,547,221
Changes in risk-weighted assets from reported to fully phased-in	(21,768		)	(13,545		)	(19,133		)	(18,113		)	(23,502		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in)⁽³⁾	$	1,460,819		$	1,464,088		$	1,497,553		$	1,511,790		$	1,523,719

Regulatory capital ratios
Basel 3 Standardized approach common equity tier 1 (transition)	12.5		%	12.3		%	12.0		%	12.1		%	12.2		%
Basel 3 Advanced approaches common equity tier 1 (transition)	11.9			11.6			11.0			11.0			11.0
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	12.2			12.0			11.6			11.5			11.8
Basel 3 Advanced approaches common equity tier 1 (fully phased-in) ⁽³⁾	11.9			11.5			11.0			10.8			10.9


⁽¹⁾	As an Advanced approaches institution, we are required to report regulatory capital risk-weighted assets and ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is to be used to assess capital adequacy, which is the Advanced approaches for the periods presented.


⁽²⁾	Fully phased-in estimates are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above.

⁽³⁾

Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal models methodology (IMM) for calculating counterparty credit risk regulatory capital for derivatives. As of September 30, 2017, we did not have regulatory approval of the IMM model. Basel 3 fully phased-in Common equity tier 1 capital ratio would be reduced by approximately 25 bps if IMM is not used.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	8



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Third Quarter 2017						Second Quarter 2017						Third Quarter 2016
	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	$	127,835	$	323	1.00	%	$	129,201	$	261	0.81	%	$	133,866	$	148	0.44	%
Time deposits placed and other short-term investments	12,503		68		2.17		11,448		58		2.03		9,336		34		1.45
Federal funds sold and securities borrowed or purchased under agreements to resell	223,585		659		1.17		226,700		560		0.99		214,254		267		0.50
Trading account assets	124,068		1,125		3.60		135,931		1,199		3.54		128,879		1,111		3.43
Debt securities⁽¹⁾	436,886		2,670		2.44		431,132		2,632		2.44		423,182		2,169		2.07
Loans and leases ⁽²⁾:
Residential mortgage	199,240		1,724		3.46		195,935		1,697		3.46		188,234		1,612		3.42
Home equity	61,225		664		4.31		63,332		664		4.20		70,603		681		3.84
U.S. credit card	91,602		2,253		9.76		89,464		2,128		9.54		88,210		2,061		9.30
Non-U.S. credit card	—		—		—		6,494		147		9.08		9,256		231		9.94
Direct/Indirect consumer	93,510		678		2.88		93,146		643		2.77		92,870		585		2.51
Other consumer	2,762		28		4.07		2,629		26		4.07		2,358		18		2.94
Total consumer	448,339		5,347		4.74		451,000		5,305		4.71		451,531		5,188		4.58
U.S. commercial	293,203		2,542		3.44		291,162		2,403		3.31		276,833		2,040		2.93
Commercial real estate	59,044		552		3.71		58,198		514		3.54		57,606		452		3.12
Commercial lease financing	21,818		160		2.92		21,649		156		2.89		21,194		153		2.88
Non-U.S. commercial	95,725		676		2.80		92,708		615		2.66		93,430		599		2.55
Total commercial	469,790		3,930		3.32		463,717		3,688		3.19		449,063		3,244		2.87
Total loans and leases⁽¹⁾	918,129		9,277		4.02		914,717		8,993		3.94		900,594		8,432		3.73
Other earning assets	76,496		775		4.02		73,618		680		3.70		59,951		677		4.50
Total earning assets⁽³⁾	1,919,502		14,897		3.09		1,922,747		14,383		3.00		1,870,062		12,838		2.74
Cash and due from banks ⁽¹⁾	28,990						27,659						27,361
Other assets, less allowance for loan and lease losses ⁽¹⁾	322,380						318,747						292,067
Total assets	$	2,270,872					$	2,269,153					$	2,189,490


⁽¹⁾	Includes assets of the Corporation's non-U.S. consumer credit card business, which was sold to a third party during the second quarter of 2017.


⁽²⁾	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.


⁽³⁾	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:



	Third Quarter 2017				Second Quarter 2017				Third Quarter 2016
Federal funds sold and securities borrowed or purchased under agreements to resell		$	8			$	10			$	(1	)
Debt securities		(5		)		(25		)		(49		)
U.S. commercial loans and leases		(10		)		(9		)		(14		)
Net hedge expense on assets		$	(7	)		$	(24	)		$	(64	)

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	9



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Third Quarter 2017						Second Quarter 2017						Third Quarter 2016
	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	$	54,328	$	1	0.01	%	$	54,494	$	2	0.01	%	$	49,885	$	2	0.01	%
NOW and money market deposit accounts	631,270		333		0.21		619,593		105		0.07		592,907		73		0.05
Consumer CDs and IRAs	44,239		31		0.27		45,682		30		0.27		48,695		33		0.27
Negotiable CDs, public funds and other deposits	38,119		101		1.05		36,041		68		0.75		32,023		43		0.54
Total U.S. interest-bearing deposits	767,956		466		0.24		755,810		205		0.11		723,510		151		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	2,259		5		0.97		3,058		6		0.77		4,294		9		0.87
Governments and official institutions	1,012		3		1.04		981		2		0.90		1,391		3		0.61
Time, savings and other	63,716		150		0.93		60,047		133		0.89		59,340		103		0.70
Total non-U.S. interest-bearing deposits	66,987		158		0.93		64,086		141		0.89		65,025		115		0.71
Total interest-bearing deposits	834,943		624		0.30		819,896		346		0.17		788,535		266		0.13
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities	230,230		944		1.63		251,641		917		1.46		207,634		569		1.09
Trading account liabilities	48,390		319		2.62		45,156		307		2.73		37,229		244		2.61
Long-term debt	227,309		1,609		2.82		224,019		1,590		2.84		227,269		1,330		2.33
Total interest-bearing liabilities ⁽¹⁾	1,340,872		3,496		1.04		1,340,712		3,160		0.94		1,260,667		2,409		0.76
Noninterest-bearing sources:
Noninterest-bearing deposits	436,768						436,942						438,651
Other liabilities	219,584						220,276						221,273
Shareholders' equity	273,648						271,223						268,899
Total liabilities and shareholders' equity	$	2,270,872					$	2,269,153					$	2,189,490
Net interest spread					2.05	%					2.06	%					1.98	%
Impact of noninterest-bearing sources					0.31						0.28						0.25
Net interest income/yield on earning assets			$	11,401	2.36	%			$	11,223	2.34	%			$	10,429	2.23	%


⁽¹⁾	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:



	Third Quarter 2017				Second Quarter 2017				Third Quarter 2016
NOW and money market deposit accounts		$	—			$	(1	)		$	—
Consumer CDs and IRAs		6				5				6
Negotiable CDs, public funds and other deposits		3				4				3
Banks located in non-U.S. countries		5				4				4
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		33				88				95
Long-term debt		(393		)		(426		)		(668		)
Net hedge income on liabilities		$	(346	)		$	(326	)		$	(560	)

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	10



Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Nine Months Ended September 30
	2017						2016
	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	$	127,000	$	786	0.83	%	$	135,910	$	460	0.45	%
Time deposits placed and other short-term investments	11,820		173		1.96		8,784		101		1.54
Federal funds sold and securities borrowed or purchased under agreements to resell	222,255		1,658		1.00		215,476		803		0.50
Trading account assets	128,547		3,435		3.57		130,785		3,432		3.50
Debt securities ⁽¹⁾	432,775		7,875		2.42		414,115		6,990		2.27
Loans and leases ⁽²⁾:
Residential mortgage	196,288		5,082		3.45		187,325		4,867		3.46
Home equity	63,339		1,967		4.15		73,015		2,095		3.83
U.S. credit card	90,238		6,492		9.62		87,362		6,065		9.27
Non-U.S. credit card	5,253		358		9.12		9,687		734		10.12
Direct/Indirect consumer	93,316		1,929		2.76		91,291		1,698		2.48
Other consumer	2,648		81		4.07		2,240		50		2.99
Total consumer	451,082		15,909		4.71		450,920		15,509		4.59
U.S. commercial	290,632		7,167		3.30		274,669		5,982		2.91
Commercial real estate	58,340		1,545		3.54		57,550		1,320		3.06
Commercial lease financing	21,862		547		3.33		21,049		482		3.05
Non-U.S. commercial	93,762		1,886		2.69		93,572		1,748		2.50
Total commercial	464,596		11,145		3.21		446,840		9,532		2.85
Total loans and leases⁽¹⁾	915,678		27,054		3.95		897,760		25,041		3.72
Other earning assets	74,554		2,206		3.95		58,189		2,031		4.66
Total earning assets⁽³⁾	1,912,629		43,187		3.02		1,861,019		38,858		2.79
Cash and due from banks ⁽¹⁾	27,955						28,041
Other assets, less allowance for loan and lease losses ⁽¹⁾	316,709						294,845
Total assets	$	2,257,293					$	2,183,905


⁽¹⁾	Includes assets of the Corporation's non-U.S. consumer credit card business, which was sold to a third party during the second quarter of 2017.


⁽²⁾	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.


⁽³⁾	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:



	2017				2016
Federal funds sold and securities borrowed or purchased under agreements to resell		$	33			$	17
Debt securities		(52		)		(131		)
U.S. commercial loans and leases		(29		)		(41		)
Net hedge expense on assets		$	(48	)		$	(155	)

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	11



Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Nine Months Ended September 30
	2017						2016
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	53,679	$	4	0.01	%	$	49,281	$	4	0.01	%
NOW and money market deposit accounts	622,920		512		0.11		584,896		216		0.05
Consumer CDs and IRAs	45,535		92		0.27		48,920		101		0.28
Negotiable CDs, public funds and other deposits	35,968		221		0.82		32,212		107		0.45
Total U.S. interest-bearing deposits	758,102		829		0.15		715,309		428		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	2,643		16		0.82		4,218		28		0.90
Governments and official institutions	1,002		7		0.92		1,468		7		0.60
Time, savings and other	60,747		400		0.88		58,866		273		0.62
Total non-U.S. interest-bearing deposits	64,392		423		0.88		64,552		308		0.64
Total interest-bearing deposits	822,494		1,252		0.20		779,861		736		0.13
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities	237,857		2,508		1.41		215,131		1,808		1.12
Trading account liabilities	44,128		890		2.70		37,760		778		2.76
Long-term debt	224,287		4,658		2.77		231,313		4,066		2.35
Total interest-bearing liabilities ⁽¹⁾	1,328,766		9,308		0.94		1,264,065		7,388		0.78
Noninterest-bearing sources:
Noninterest-bearing deposits	439,288						433,168
Other liabilities	218,227						221,765
Shareholders' equity	271,012						264,907
Total liabilities and shareholders' equity	$	2,257,293					$	2,183,905
Net interest spread					2.08	%					2.01	%
Impact of noninterest-bearing sources					0.28						0.25
Net interest income/yield on earning assets			$	33,879	2.36	%			$	31,470	2.26	%


⁽¹⁾	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:



	2017				2016
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		17				17
Negotiable CDs, public funds and other deposits		10				10
Banks located in non-U.S. countries		14				8
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		213				406
Long-term debt		(1,349		)		(2,175		)
Net hedge income on liabilities		$	(1,096	)		$	(1,735	)

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	12



Bank of America Corporation and Subsidiaries
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	September 30, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	196,530	$	850	$	(1,186	)	$	196,194
Agency-collateralized mortgage obligations	7,021		73		(45		)	7,049
Commercial	12,584		48		(168		)	12,464
Non-agency residential	2,345		333		(21		)	2,657
Total mortgage-backed securities	218,480		1,304		(1,420		)	218,364
U.S. Treasury and agency securities	50,824		70		(626		)	50,268
Non-U.S. securities	5,432		9		(1		)	5,440
Other taxable securities, substantially all asset-backed securities	6,964		77		(3		)	7,038
Total taxable securities	281,700		1,460		(2,050		)	281,110
Tax-exempt securities	19,117		167		(92		)	19,192
Total available-for-sale debt securities	300,817		1,627		(2,142		)	300,302
Other debt securities carried at fair value	16,265		345		(48		)	16,562
Total debt securities carried at fair value	317,082		1,972		(2,190		)	316,864
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	122,345		267		(1,427		)	121,185
Total debt securities	$	439,427	$	2,239	$	(3,617	)	$	438,049
Available-for-sale marketable equity securities ⁽¹⁾	$	22	$	28	$	—		$	50

	June 30, 2017
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	193,222	$	662	$	(1,710	)	$	192,174
Agency-collateralized mortgage obligations	7,441		84		(41		)	7,484
Commercial	12,574		48		(181		)	12,441
Non-agency residential	1,673		258		(17		)	1,914
Total mortgage-backed securities	214,910		1,052		(1,949		)	214,013
U.S. Treasury and agency securities	51,903		143		(623		)	51,423
Non-U.S. securities	6,595		9		(2		)	6,602
Other taxable securities, substantially all asset-backed securities	8,976		80		(5		)	9,051
Total taxable securities	282,384		1,284		(2,579		)	281,089
Tax-exempt securities	18,476		121		(120		)	18,477
Total available-for-sale debt securities	300,860		1,405		(2,699		)	299,566
Other debt securities carried at fair value	15,771		245		(73		)	15,943
Total debt securities carried at fair value	316,631		1,650		(2,772		)	315,509
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	119,008		162		(1,840		)	117,330
Total debt securities	$	435,639	$	1,812	$	(4,612	)	$	432,839
Available-for-sale marketable equity securities ⁽¹⁾	$	8	$	69	$	—		$	77


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



Other Debt Securities Carried at Fair Value
(Dollars in millions)	September 30 2017		June 30 2017
Mortgage-backed securities:
Agency-collateralized mortgage obligations	$	5	$	5
Non-agency residential	3,058		3,037
Total mortgage-backed securities	3,063		3,042
Non-U.S. securities ⁽¹⁾	13,260		12,665
Other taxable securities, substantially all asset-backed securities	239		236
Total	$	16,562	$	15,943


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

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	13



Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)

Fully taxable-equivalent (FTE) basis data ⁽¹⁾

	Nine Months Ended September 30, 2017						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016
Net interest income	$	33,879		$	31,470		$	11,401		$	11,223		$	11,255		$	10,526		$	10,429
Total revenue, net of interest expense	67,590			64,377			22,079			23,066			22,445			20,224			21,863
Net interest yield	2.36		%	2.26		%	2.36		%	2.34		%	2.39		%	2.23		%	2.23		%
Efficiency ratio	61.71			64.91			59.51			59.51			66.15			65.08			61.66

⁽¹⁾

FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 41-42.)

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	14



Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2017
	Total Corporation			Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	11,401		$	6,211	$	1,496	$	2,743		$	899		$	52
Card income	1,429			1,244		40		124			21			—
Service charges	1,968			1,083		18		777			85			5
Investment and brokerage services	3,303			64		2,728		17			496			(2		)
Investment banking income (loss)	1,477			—		100		807			623			(53		)
Trading account profits	1,837			1		28		(4		)	1,714			98
Mortgage banking income (loss)	(20		)	142		1		—			—			(163		)
Gains on sales of debt securities	125			—		—		—			—			125
Other income (loss)	559			29		209		522			62			(263		)
Total noninterest income	10,678			2,563		3,124		2,243			3,001			(253		)
Total revenue, net of interest expense (FTE basis)	22,079			8,774		4,620		4,986			3,900			(201		)
Provision for credit losses	834			967		16		48			(6		)	(191		)
Noninterest expense	13,139			4,459		3,370		2,118			2,710			482
Income (loss) before income taxes (FTE basis)	8,106			3,348		1,234		2,820			1,196			(492		)
Income tax expense (benefit) (FTE basis)	2,519			1,261		465		1,062			440			(709		)
Net income	$	5,587		$	2,087	$	769	$	1,758		$	756		$	217

Average
Total loans and leases	$	918,129		$	268,810	$	154,333	$	346,093		$	72,347		$	76,546
Total assets ⁽¹⁾	2,270,872			731,077		275,570		414,755			642,430			207,040
Total deposits	1,271,711			658,974		239,647		315,692			32,125			25,273
Period end
Total loans and leases	$	927,117		$	272,360	$	155,871	$	349,838		$	76,225		$	72,823
Total assets ⁽¹⁾	2,283,896			742,513		276,187		423,185			629,270			212,741
Total deposits	1,284,417			669,647		237,771		319,545			33,382			24,072

	Second Quarter 2017
	Total Corporation			Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	11,223		$	5,961	$	1,597	$	2,711		$	864		$	90
Card income	1,469			1,248		34		134			24			29
Service charges	1,977			1,061		19		809			83			5
Investment and brokerage services	3,317			65		2,697		38			521			(4		)
Investment banking income (loss)	1,532			—		96		929			590			(83		)
Trading account profits	1,956			1		33		54			1,743			125
Mortgage banking income	230			140		1		—			—			89
Gains on sales of debt securities	101			—		—		—			—			101
Other income	1,261			33		218		364			122			524
Total noninterest income	11,843			2,548		3,098		2,328			3,083			786
Total revenue, net of interest expense (FTE basis)	23,066			8,509		4,695		5,039			3,947			876
Provision for credit losses	726			834		11		15			25			(159		)
Noninterest expense	13,726			4,411		3,392		2,154			2,650			1,119
Income (loss) before income taxes (FTE basis)	8,614			3,264		1,292		2,870			1,272			(84		)
Income tax expense (FTE basis)	3,345			1,233		488		1,084			442			98
Net income (loss)	$	5,269		$	2,031	$	804	$	1,786		$	830		$	(182	)

Average
Total loans and leases	$	914,717		$	261,537	$	150,812	$	345,063		$	69,638		$	87,667
Total assets ⁽¹⁾	2,269,153			724,753		281,167		413,950			645,228			204,055
Total deposits	1,256,838			652,787		245,329		300,483			31,919			26,320
Period end
Total loans and leases⁽²⁾	$	916,666		$	265,938	$	153,468	$	344,457		$	73,973		$	78,830
Total assets ⁽¹⁾	2,254,529			735,176		274,746		410,580			633,193			200,834
Total deposits	1,262,980			662,678		237,131		303,205			33,363			26,603


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


⁽²⁾	During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	15



Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Third Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income (FTE basis)	$	10,429	$	5,289	$	1,394	$	2,470	$	1,119	$	157
Card income	1,455		1,218		41		135		15		46
Service charges	1,952		1,072		19		780		80		1
Investment and brokerage services	3,160		69		2,585		20		490		(4		)
Investment banking income (loss)	1,458		—		56		796		645		(39		)
Trading account profits	2,141		—		62		53		1,934		92
Mortgage banking income	589		297		—		—		—		292
Gains on sales of debt securities	51		—		—		—		—		51
Other income (loss)	628		23		222		492		75		(184		)
Total noninterest income	11,434		2,679		2,985		2,276		3,239		255
Total revenue, net of interest expense (FTE basis)	21,863		7,968		4,379		4,746		4,358		412
Provision for credit losses	850		698		7		118		19		8
Noninterest expense	13,481		4,371		3,255		2,152		2,656		1,047
Income (loss) before income taxes (FTE basis)	7,532		2,899		1,117		2,476		1,683		(643		)
Income tax expense (benefit) (FTE basis)	2,577		1,086		419		925		609		(462		)
Net income (loss)	$	4,955	$	1,813	$	698	$	1,551	$	1,074	$	(181	)

Average
Total loans and leases	$	900,594	$	248,683	$	143,207	$	334,363	$	69,043	$	105,298
Total assets ⁽¹⁾	2,189,490		674,630		288,820		395,479		584,069		246,492
Total deposits	1,227,186		605,705		253,812		307,288		32,840		27,541
Period end
Total loans and leases	$	905,008	$	251,125	$	144,980	$	334,120	$	72,144	$	102,639
Total assets ⁽¹⁾	2,195,314		687,241		289,794		397,869		595,165		225,245
Total deposits	1,232,895		618,027		252,962		302,413		31,692		27,801


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

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	16



Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment and All Other
(Dollars in millions)
	Nine Months Ended September 30, 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income (FTE basis)	$	33,879	$	17,953	$	4,653	$	8,229	$	2,812	$	232
Card income	4,347		3,716		110		383		67		71
Service charges	5,863		3,194		57		2,351		245		16
Investment and brokerage services	9,882		198		8,073		72		1,548		(9		)
Investment banking income (loss)	4,593		—		247		2,661		1,879		(194		)
Trading account profits	6,124		2		120		82		5,634		286
Mortgage banking income (loss)	332		401		3		—		—		(72		)
Gains on sales of debt securities	278		—		—		—		—		278
Other income (loss)	2,292		103		644		1,202		370		(27		)
Total noninterest income	33,711		7,614		9,254		6,751		9,743		349
Total revenue, net of interest expense (FTE basis)	67,590		25,567		13,907		14,980		12,555		581
Provision for credit losses	2,395		2,639		50		80		2		(376		)
Noninterest expense	41,713		13,280		10,091		6,435		8,117		3,790
Income (loss) before income taxes (FTE basis)	23,482		9,648		3,766		8,465		4,436		(2,833		)
Income tax expense (benefit) (FTE basis)	7,770		3,638		1,420		3,192		1,553		(2,033		)
Net income (loss)	$	15,712	$	6,010	$	2,346	$	5,273	$	2,883	$	(800	)

Average
Total loans and leases	$	915,678	$	262,804	$	151,205	$	344,683	$	70,692	$	86,294
Total assets ⁽¹⁾	2,257,293		721,245		283,324		414,867		631,686		206,171
Total deposits	1,261,782		649,204		247,389		307,163		32,397		25,629
Period end
Total loans and leases	$	927,117	$	272,360	$	155,871	$	349,838	$	76,225	$	72,823
Total assets ⁽¹⁾	2,283,896		742,513		276,187		423,185		629,270		212,741
Total deposits	1,284,417		669,647		237,771		319,545		33,382		24,072

	Nine Months Ended September 30, 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income (FTE basis)	$	31,470	$	15,825	$	4,310	$	7,440	$	3,391	$	504
Card income	4,349		3,645		111		386		62		145
Service charges	5,660		3,080		55		2,284		231		10
Investment and brokerage services	9,543		205		7,718		50		1,583		(13		)
Investment banking income (loss)	4,019		1		180		2,230		1,742		(134		)
Trading account profits	5,821		—		123		79		5,401		218
Mortgage banking income	1,334		754		2		—		1		577
Gains on sales of debt securities	490		—		—		—		—		490
Other income (loss)	1,691		110		774		1,427		207		(827		)
Total noninterest income	32,907		7,795		8,963		6,456		9,227		466
Total revenue, net of interest expense (FTE basis)	64,377		23,620		13,273		13,896		12,618		970
Provision for credit losses	2,823		1,955		46		870		23		(71		)
Noninterest expense	41,790		13,324		9,816		6,450		7,690		4,510
Income (loss) before income taxes (FTE basis)	19,764		8,341		3,411		6,576		4,905		(3,469		)
Income tax expense (benefit) (FTE basis)	6,554		3,088		1,270		2,435		1,746		(1,985		)
Net income (loss)	$	13,210	$	5,253	$	2,141	$	4,141	$	3,159	$	(1,484	)

Average
Total loans and leases	$	897,760	$	243,191	$	141,169	$	332,474	$	69,315	$	111,611
Total assets ⁽¹⁾	2,183,905		662,126		291,382		394,425		582,006		253,966
Total deposits	1,213,029		593,501		256,356		301,175		34,409		27,588
Period end
Total loans and leases	$	905,008	$	251,125	$	144,980	$	334,120	$	72,144	$	102,639
Total assets ⁽¹⁾	2,195,314		687,241		289,794		397,869		595,165		225,245
Total deposits	1,232,895		618,027		252,962		302,413		31,692		27,801


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

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	17



Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Net interest income (FTE basis)	$	17,953		$	15,825		$	6,211		$	5,961		$	5,781		$	5,465		$	5,289
Noninterest income:
Card income	3,716			3,645			1,244			1,248			1,224			1,290			1,218
Service charges	3,194			3,080			1,083			1,061			1,050			1,062			1,072
Mortgage banking income	401			754			142			140			119			207			297
All other income	303			316			94			99			110			87			92
Total noninterest income	7,614			7,795			2,563			2,548			2,503			2,646			2,679
Total revenue, net of interest expense (FTE basis)	25,567			23,620			8,774			8,509			8,284			8,111			7,968

Provision for credit losses	2,639			1,955			967			834			838			760			698

Noninterest expense	13,280			13,324			4,459			4,411			4,410			4,330			4,371
Income before income taxes (FTE basis)	9,648			8,341			3,348			3,264			3,036			3,021			2,899
Income tax expense (FTE basis)	3,638			3,088			1,261			1,233			1,144			1,101			1,086
Net income	$	6,010		$	5,253		$	2,087		$	2,031		$	1,892		$	1,920		$	1,813

Net interest yield (FTE basis)	3.52		%	3.39		%	3.56		%	3.48		%	3.50		%	3.35		%	3.30		%
Return on average allocated capital ⁽¹⁾	22			21			22			22			21			22			21
Efficiency ratio (FTE basis)	51.94			56.41			50.83			51.84			53.24			53.38			54.86

Balance Sheet
Average
Total loans and leases	$	262,804		$	243,191		$	268,810		$	261,537		$	257,945		$	253,602		$	248,683
Total earning assets⁽²⁾	682,436			623,834			692,122			686,064			668,865			648,299			636,832
Total assets ⁽²⁾	721,245			662,126			731,077			724,753			707,647			686,985			674,630
Total deposits	649,204			593,501			658,974			652,787			635,594			617,967			605,705
Allocated capital ⁽¹⁾	37,000			34,000			37,000			37,000			37,000			34,000			34,000

Period end
Total loans and leases	$	272,360		$	251,125		$	272,360		$	265,938		$	258,421		$	258,991		$	251,125
Total earning assets⁽²⁾	703,277			648,972			703,277			696,350			694,883			662,698			648,972
Total assets ⁽²⁾	742,513			687,241			742,513			735,176			734,087			702,333			687,241
Total deposits	669,647			618,027			669,647			662,678			661,607			632,786			618,027


⁽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.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	18



Bank of America Corporation and Subsidiaries
Consumer Banking Year-to-Date Results
(Dollars in millions)
	Nine Months Ended September 30, 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	17,953		$	9,804		$	8,149
Noninterest income:
Card income	3,716			6			3,710
Service charges	3,194			3,193			1
Mortgage banking income	401			—			401
All other income	303			294			9
Total noninterest income	7,614			3,493			4,121
Total revenue, net of interest expense (FTE basis)	25,567			13,297			12,270

Provision for credit losses	2,639			148			2,491

Noninterest expense	13,280			7,702			5,578
Income before income taxes (FTE basis)	9,648			5,447			4,201
Income tax expense (FTE basis)	3,638			2,054			1,584
Net income	$	6,010		$	3,393		$	2,617

Net interest yield (FTE basis)	3.52		%	2.02		%	4.21		%
Return on average allocated capital ⁽¹⁾	22			38			14
Efficiency ratio (FTE basis)	51.94			57.93			45.46

Balance Sheet
Average
Total loans and leases	$	262,804		$	5,025		$	257,779
Total earning assets ⁽²⁾	682,436			647,887			258,659
Total assets ⁽²⁾	721,245			675,159			270,196
Total deposits	649,204			642,783			6,421
Allocated capital ⁽¹⁾	37,000			12,000			25,000

Period end
Total loans and leases	$	272,360		$	5,060		$	267,300
Total earning assets ⁽²⁾	703,277			667,733			268,354
Total assets ⁽²⁾	742,513			695,403			279,920
Total deposits	669,647			662,781			6,866

	Nine Months Ended September 30, 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	15,825		$	7,940		$	7,885
Noninterest income:
Card income	3,645			7			3,638
Service charges	3,080			3,079			1
Mortgage banking income	754			—			754
All other income	316			312			4
Total noninterest income	7,795			3,398			4,397
Total revenue, net of interest expense (FTE basis)	23,620			11,338			12,282

Provision for credit losses	1,955			132			1,823

Noninterest expense	13,324			7,227			6,097
Income before income taxes (FTE basis)	8,341			3,979			4,362
Income tax expense (FTE basis)	3,088			1,473			1,615
Net income	$	5,253		$	2,506		$	2,747

Net interest yield (FTE basis)	3.39		%	1.79		%	4.39		%
Return on average allocated capital ⁽¹⁾	21			28			17
Efficiency ratio (FTE basis)	56.41			63.74			49.64

Balance Sheet
Average
Total loans and leases	$	243,191		$	4,787		$	238,404
Total earning assets ⁽²⁾	623,834			591,913			239,870
Total assets ⁽²⁾	662,126			618,466			251,609
Total deposits	593,501			586,334			7,167
Allocated capital ⁽¹⁾	34,000			12,000			22,000

Period end
Total loans and leases	$	251,125		$	4,810		$	246,315
Total earning assets ⁽²⁾	648,972			616,853			248,233
Total assets ⁽²⁾	687,241			643,025			260,330
Total deposits	618,027			610,752			7,275

For footnotes see page 21.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	19



Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results
(Dollars in millions)
	Third Quarter 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	6,211		$	3,439		$	2,772
Noninterest income:
Card income	1,244			3			1,241
Service charges	1,083			1,082			1
Mortgage banking income	142			—			142
All other income	94			96			(2		)
Total noninterest income	2,563			1,181			1,382
Total revenue, net of interest expense (FTE basis)	8,774			4,620			4,154

Provision for credit losses	967			47			920

Noninterest expense	4,459			2,615			1,844
Income before income taxes (FTE basis)	3,348			1,958			1,390
Income tax expense (FTE basis)	1,261			738			523
Net income	$	2,087		$	1,220		$	867

Net interest yield (FTE basis)	3.56		%	2.08		%	4.16		%
Return on average allocated capital ⁽¹⁾	22			40			14
Efficiency ratio (FTE basis)	50.83			56.61			44.40

Balance Sheet
Average
Total loans and leases	$	268,810		$	5,079		$	263,731
Total earning assets ⁽²⁾	692,122			657,036			264,665
Total assets ⁽²⁾	731,077			684,642			276,014
Total deposits	658,974			652,286			6,688
Allocated capital ⁽¹⁾	37,000			12,000			25,000

Period end
Total loans and leases	$	272,360		$	5,060		$	267,300
Total earning assets ⁽²⁾	703,277			667,733			268,354
Total assets ⁽²⁾	742,513			695,403			279,920
Total deposits	669,647			662,781			6,866

	Second Quarter 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,961		$	3,302		$	2,659
Noninterest income:
Card income	1,248			1			1,247
Service charges	1,061			1,061			—
Mortgage banking income	140			—			140
All other income	99			96			3
Total noninterest income	2,548			1,158			1,390
Total revenue, net of interest expense (FTE basis)	8,509			4,460			4,049

Provision for credit losses	834			45			789

Noninterest expense	4,411			2,561			1,850
Income before income taxes (FTE basis)	3,264			1,854			1,410
Income tax expense (FTE basis)	1,233			700			533
Net income	$	2,031		$	1,154		$	877

Net interest yield (FTE basis)	3.48		%	2.03		%	4.15		%
Return on average allocated capital ⁽¹⁾	22			39			14
Efficiency ratio (FTE basis)	51.84			57.39			45.72

Balance Sheet
Average
Total loans and leases	$	261,537		$	5,016		$	256,521
Total earning assets ⁽²⁾	686,064			651,677			257,130
Total assets ⁽²⁾	724,753			678,816			268,680
Total deposits	652,787			646,474			6,313
Allocated capital ⁽¹⁾	37,000			12,000			25,000

Period end
Total loans and leases	$	265,938		$	5,039		$	260,899
Total earning assets ⁽²⁾	696,350			661,576			261,696
Total assets ⁽²⁾	735,176			688,800			273,298
Total deposits	662,678			656,374			6,304

For footnotes see page 21.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	20



Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
	Third Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,289		$	2,629		$	2,660
Noninterest income:
Card income	1,218			2			1,216
Service charges	1,072			1,072			—
Mortgage banking income	297			—			297
All other income (loss)	92			98			(6		)
Total noninterest income	2,679			1,172			1,507
Total revenue, net of interest expense (FTE basis)	7,968			3,801			4,167

Provision for credit losses	698			43			655

Noninterest expense	4,371			2,397			1,974
Income before income taxes (FTE basis)	2,899			1,361			1,538
Income tax expense (FTE basis)	1,086			510			576
Net income	$	1,813		$	851		$	962

Net interest yield (FTE basis)	3.30		%	1.73		%	4.31		%
Return on average allocated capital ⁽¹⁾	21			28			17
Efficiency ratio (FTE basis)	54.86			63.03			47.40

Balance Sheet
Average
Total loans and leases	$	248,683		$	4,837		$	243,846
Total earning assets ⁽²⁾	636,832			604,223			245,540
Total assets ⁽²⁾	674,630			630,394			257,167
Total deposits	605,705			598,117			7,588
Allocated capital ⁽¹⁾	34,000			12,000			22,000

Period end
Total loans and leases	$	251,125		$	4,810		$	246,315
Total earning assets ⁽²⁾	648,972			616,853			248,233
Total assets ⁽²⁾	687,241			643,025			260,330
Total deposits	618,027			610,752			7,275


⁽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⁾	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.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	21



Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Average deposit balances
Checking	$	323,490		$	291,599		$	329,048		$	325,503		$	315,772		$	306,598		$	299,147
Savings	52,021			47,658			52,687			52,809			50,544			48,549			48,273
MMS	229,773			207,033			234,288			230,363			224,563			217,394			212,096
CDs and IRAs	41,055			44,413			40,067			41,196			41,923			42,592			43,420
Non-U.S. and other	2,865			2,798			2,884			2,916			2,792			2,834			2,769
Total average deposit balances	$	649,204		$	593,501		$	658,974		$	652,787		$	635,594		$	617,967		$	605,705

Deposit spreads (excludes noninterest costs)
Checking	1.99		%	1.96		%	2.01		%	2.03		%	1.94		%	1.92		%	1.94		%
Savings	2.29			2.26			2.35			2.30			2.21			2.21			2.24
MMS	1.54			1.24			1.66			1.71			1.24			1.22			1.23
CDs and IRAs	1.39			0.92			1.48			1.41			1.29			1.17			1.03
Non-U.S. and other	1.31			0.78			1.45			1.31			1.16			1.00			0.87
Total deposit spreads	1.82			1.65			1.88			1.89			1.67			1.64			1.64

Client brokerage assets	$	167,274		$	137,985		$	167,274		$	159,131		$	153,786		$	144,696		$	137,985

Digital banking active users (units in thousands) ⁽¹⁾	34,472			32,814			34,472			33,971			33,702			32,942			32,814
Mobile banking active users (units in thousands)	23,572			21,305			23,572			22,898			22,217			21,648			21,305
Financial centers	4,511			4,629			4,511			4,542			4,559			4,579			4,629
ATMs	15,973			15,959			15,973			15,972			15,939			15,928			15,959

Total U.S. credit card ⁽²⁾
Loans
Average credit card outstandings	$	90,238		$	87,362		$	91,602		$	89,464		$	89,628		$	89,521		$	88,210
Ending credit card outstandings	92,602			88,789			92,602			90,776			88,552			92,278			88,789
Credit quality
Net charge-offs	$	1,858		$	1,703		$	612		$	640		$	606		$	566		$	543
	2.75		%	2.60		%	2.65		%	2.87		%	2.74		%	2.52		%	2.45		%
30+ delinquency	$	1,657		$	1,459		$	1,657		$	1,550		$	1,580		$	1,595		$	1,459
	1.79		%	1.64		%	1.79		%	1.71		%	1.78		%	1.73		%	1.64		%
90+ delinquency	$	810		$	702		$	810		$	772		$	801		$	782		$	702
	0.87		%	0.79		%	0.87		%	0.85		%	0.90		%	0.85		%	0.79		%
Other Total U.S. credit card indicators ⁽²⁾
Gross interest yield	9.62		%	9.27		%	9.76		%	9.54		%	9.55		%	9.35		%	9.30		%
Risk adjusted margin	8.64			8.99			8.63			8.40			8.89			9.20			9.11
New accounts (in thousands)	3,801			3,845			1,315			1,302			1,184			1,134			1,324
Purchase volumes	$	179,230		$	165,412		$	62,244		$	61,665		$	55,321		$	61,020		$	57,591

Debit card data
Purchase volumes	$	220,729		$	212,316		$	74,769		$	75,349		$	70,611		$	73,296		$	71,049

For footnotes see page 23.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	22



Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators (continued)
(Dollars in millions)
	Nine Months Ended September 30								Third Quarter 2017				Second Quarter 2017				First Quarter 2017				Fourth Quarter 2016				Third Quarter 2016
	2017				2016				Third Quarter 2017				Second Quarter 2017				First Quarter 2017				Fourth Quarter 2016				Third Quarter 2016
Loan production ⁽³⁾:
Total ⁽⁴⁾:
First mortgage	$	37,876			$	45,802			$	13,183			$	13,251			$	11,442			$	18,351			$	16,865
Home equity	12,871				11,649				4,133				4,685				4,053				3,565				3,541
Consumer Banking:
First mortgage	$	25,679			$	32,207			$	9,044			$	9,006			$	7,629			$	12,303			$	11,588
Home equity	11,604				10,535				3,722				4,215				3,667				3,140				3,139

Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	2,278			$	2,680			$	1,996			$	2,129			$	2,278			$	2,012			$	1,789
Net additions	44				127				(5		)		14				35				(36		)		45
Amortization of expected cash flows ⁽⁵⁾	(429		)		(493		)		(140		)		(142		)		(147		)		(156		)		(157		)
Other changes in mortgage servicing rights fair value ⁽⁶⁾	(4		)		(302		)		38				(5		)		(37		)		458				335
Balance, end of period ⁽⁷⁾	$	1,889			$	2,012			$	1,889			$	1,996			$	2,129			$	2,278			$	2,012

Capitalized mortgage servicing rights (% of loans serviced for investors)	71			bps	60			bps	71			bps	70			bps	72			bps	74			bps	60			bps
Mortgage loans serviced for investors (in billions)	$	267			$	336			$	267			$	284			$	296			$	307			$	336

Mortgage banking income
Consumer Banking mortgage banking income
Total production income	$	185			$	532			$	64			$	67			$	54			$	131			$	212
Net servicing income
Servicing fees	450				542				143				150				157				166				179
Other net servicing income	(234		)		(320		)		(65		)		(77		)		(92		)		(90		)		(94		)
Total net servicing income	216				222				78				73				65				76				85
Total Consumer Banking mortgage banking income	401				754				142				140				119				207				297
Other mortgage banking income (predominately in All Other)⁽⁸⁾
Net servicing income (loss)	95				635				48				62				(15		)		288				390
Other (includes representations and warranties provision)	(164		)		(55		)		(210		)		28				18				24				(98		)
Total other mortgage banking income (predominately in All Other)	(69		)		580				(162		)		90				3				312				292
Total consolidated mortgage banking income	$	332			$	1,334			$	(20	)		$	230			$	122			$	519			$	589


⁽¹⁾	Digital users represents mobile and/or online users across consumer businesses; historical information has been restated primarily due to the sale of the Corporation's non-U.S. consumer credit card business to a third party during the second quarter of 2017.


⁽²⁾	In addition to the U.S. credit card portfolio in Consumer Banking, the remaining U.S. credit card portfolio is in GWIM.


⁽³⁾	The above loan production amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit.


⁽⁴⁾	In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.


⁽⁵⁾	Represents the net change in fair value of the MSR asset due to the recognition of modeled cash flows.


⁽⁶⁾	These amounts reflect the changes in modeled MSR fair value primarily due to observed changes in interest rates, periodic adjustments to the valuation model and changes in cash flow assumptions.


⁽⁷⁾	Does not include certain non-U.S. residential mortgage MSR balances, which are recorded in Global Markets.


⁽⁸⁾	Amounts for other mortgage banking income are included in this Consumer Banking table to show the components of consolidated mortgage banking income.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	23



Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Net interest income (FTE basis)	$	4,653		$	4,310		$	1,496		$	1,597		$	1,560		$	1,449		$	1,394
Noninterest income:
Investment and brokerage services	8,073			7,718			2,728			2,697			2,648			2,598			2,585
All other income	1,181			1,245			396			401			384			330			400
Total noninterest income	9,254			8,963			3,124			3,098			3,032			2,928			2,985
Total revenue, net of interest expense (FTE basis)	13,907			13,273			4,620			4,695			4,592			4,377			4,379

Provision for credit losses	50			46			16			11			23			22			7

Noninterest expense	10,091			9,816			3,370			3,392			3,329			3,359			3,255
Income before income taxes (FTE basis)	3,766			3,411			1,234			1,292			1,240			996			1,117
Income tax expense (FTE basis)	1,420			1,270			465			488			467			362			419
Net income	$	2,346		$	2,141		$	769		$	804		$	773		$	634		$	698

Net interest yield (FTE basis)	2.32		%	2.09		%	2.29		%	2.41		%	2.28		%	2.09		%	2.03		%
Return on average allocated capital ⁽¹⁾	22			22			22			23			22			19			21
Efficiency ratio (FTE basis)	72.56			73.96			72.95			72.24			72.51			76.74			74.32

Balance Sheet
Average
Total loans and leases	$	151,205		$	141,169		$	154,333		$	150,812		$	148,405		$	146,180		$	143,207
Total earning assets ⁽²⁾	267,732			275,674			259,564			265,845			277,989			276,172			273,567
Total assets ⁽²⁾	283,324			291,382			275,570			281,167			293,432			291,761			288,820
Total deposits	247,389			256,356			239,647			245,329			257,386			256,629			253,812
Allocated capital ⁽¹⁾	14,000			13,000			14,000			14,000			14,000			13,000			13,000

Period end
Total loans and leases	$	155,871		$	144,980		$	155,871		$	153,468		$	149,110		$	148,179		$	144,980
Total earning assets ⁽²⁾	259,548			274,288			259,548			258,744			275,214			283,151			274,288
Total assets ⁽²⁾	276,187			289,794			276,187			274,746			291,177			298,931			289,794
Total deposits	237,771			252,962			237,771			237,131			254,595			262,530			252,962


⁽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.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	24



Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Nine Months Ended September 30					Third Quarter 2017		Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016			Third Quarter 2016
	2017		2016			Third Quarter 2017		Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016			Third Quarter 2016
Revenue by Business
Merrill Lynch Global Wealth Management	$	11,452	$	10,886		$	3,796	$	3,874	$	3,782	$	3,600		$	3,617
U.S. Trust	2,450		2,300			822		819		809		775			761
Other ⁽¹⁾	5		87			2		2		1		2			1
Total revenue, net of interest expense (FTE basis)	$	13,907	$	13,273		$	4,620	$	4,695	$	4,592	$	4,377		$	4,379

Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	2,245,499	$	2,089,683		$	2,245,499	$	2,196,238	$	2,167,536	$	2,102,175		$	2,089,683
U.S. Trust	430,684		400,538			430,684		421,180		417,841		406,392			400,538
Total client balances	$	2,676,183	$	2,490,221		$	2,676,183	$	2,617,418	$	2,585,377	$	2,508,567		$	2,490,221

Client Balances by Type, at period end
Assets under management ⁽²⁾	$	1,036,048	$	871,026		$	1,036,048	$	990,709	$	946,778	$	886,148		$	871,026
Brokerage assets	1,112,178		1,095,635			1,112,178		1,104,775		1,106,109		1,085,826			1,095,635
Assets in custody	131,680		122,804			131,680		128,538		126,086		123,066			122,804
Deposits	237,771		252,962			237,771		237,131		254,595		262,530			252,962
Loans and leases ⁽³⁾	158,506		147,794			158,506		156,265		151,809		150,997			147,794
Total client balances	$	2,676,183	$	2,490,221		$	2,676,183	$	2,617,418	$	2,585,377	$	2,508,567		$	2,490,221

Assets Under Management Rollforward
Assets under management, beginning balance	$	886,148	$	900,863		$	990,709	$	946,778	$	886,148	$	871,026		$	832,394
Net client flows ⁽⁴⁾	77,479		11,648			20,749		27,516		29,214		18,934			10,182
Market valuation/other ⁽¹⁾	72,421		(41,485		)	24,590		16,415		31,416		(3,812		)	28,450
Total assets under management, ending balance	$	1,036,048	$	871,026		$	1,036,048	$	990,709	$	946,778	$	886,148		$	871,026

Associates, at period end ^{(5, 6)}
Number of financial advisors	17,221		16,834			17,221		17,017		16,678		16,820			16,834
Total wealth advisors, including financial advisors	19,108		18,714			19,108		18,881		18,538		18,678			18,714
Total primary sales professionals, including financial advisors and wealth advisors	20,115		19,594			20,115		19,863		19,536		19,629			19,594

Merrill Lynch Global Wealth Management Metric ⁽⁶⁾
Financial advisor productivity ⁽⁷⁾ (in thousands)	$	1,009	$	978		$	994	$	1,040	$	993	$	960		$	979

U.S. Trust Metric, at period end⁽⁶⁾
Primary sales professionals	1,696		1,684			1,696		1,665		1,662		1,677			1,684


⁽¹⁾	Includes the results of BofA Global Capital Management, the cash management division of Bank of America, and certain administrative items. Also reflects the sale to a third party of approximately $80 billion of BofA Global Capital Management's AUM during the three months ended June 30, 2016.


⁽²⁾	Defined as managed assets under advisory and/or discretion of GWIM.


⁽³⁾	Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.


⁽⁴⁾	For the nine months ended September 30, 2016, net client flows includes $8.0 billion of net outflows related to BofA Global Capital Management's AUM that were sold in the second quarter of 2016.


⁽⁵⁾	Includes financial advisors in the Consumer Banking segment of 2,267, 2,206, 2,121, 2,200 and 2,171 at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.


⁽⁶⁾	Associate computation is based on headcount.


⁽⁷⁾	Financial advisor productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue, excluding the allocation of certain ALM activities, divided by the total average number of financial advisors (excluding financial advisors in the Consumer Banking segment).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	25



Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016
Net interest income (FTE basis)	$	8,229		$	7,440		$	2,743		$	2,711		$	2,775		$	2,502		$	2,470
Noninterest income:
Service charges	2,351			2,284			777			809			765			810			780
Investment banking fees	2,661			2,230			807			929			925			654			796
All other income	1,739			1,942			659			590			490			583			700
Total noninterest income	6,751			6,456			2,243			2,328			2,180			2,047			2,276
Total revenue, net of interest expense (FTE basis)	14,980			13,896			4,986			5,039			4,955			4,549			4,746

Provision for credit losses	80			870			48			15			17			13			118

Noninterest expense	6,435			6,450			2,118			2,154			2,163			2,036			2,152
Income before income taxes (FTE basis)	8,465			6,576			2,820			2,870			2,775			2,500			2,476
Income tax expense (FTE basis)	3,192			2,435			1,062			1,084			1,046			912			925
Net income	$	5,273		$	4,141		$	1,758		$	1,786		$	1,729		$	1,588		$	1,551

Net interest yield (FTE basis)	3.02		%	2.88		%	2.99		%	2.99		%	3.08		%	2.81		%	2.83		%
Return on average allocated capital ⁽¹⁾	18			15			17			18			18			17			17
Efficiency ratio (FTE basis)	42.97			46.42			42.52			42.72			43.66			44.76			45.34

Balance Sheet
Average
Total loans and leases	$	344,683		$	332,474		$	346,093		$	345,063		$	342,857		$	337,828		$	334,363
Total earning assets ⁽²⁾	364,385			345,406			363,560			363,844			365,775			353,693			347,462
Total assets ⁽²⁾	414,867			394,425			414,755			413,950			415,908			403,625			395,479
Total deposits	307,163			301,175			315,692			300,483			305,197			315,359			307,288
Allocated capital ⁽¹⁾	40,000			37,000			40,000			40,000			40,000			37,000			37,000

Period end
Total loans and leases	$	349,838		$	334,120		$	349,838		$	344,457		$	344,452		$	339,271		$	334,120
Total earning assets ⁽²⁾	371,159			349,993			371,159			360,108			366,567			356,241			349,993
Total assets ⁽²⁾	423,185			397,869			423,185			410,580			416,763			408,330			397,869
Total deposits	319,545			302,413			319,545			303,205			297,163			307,630			302,413


⁽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.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	26



Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Investment Banking fees ⁽¹⁾
Advisory ⁽²⁾	$	1,177		$	913		$	322		$	465		$	390		$	243		$	295
Debt issuance	1,170			1,060			397			361			412			347			405
Equity issuance	314			257			88			103			123			64			96
Total Investment Banking fees⁽³⁾	$	2,661		$	2,230		$	807		$	929		$	925		$	654		$	796

Business Lending
Corporate	$	3,322		$	3,269		$	1,127		$	1,093		$	1,102		$	1,016		$	1,113
Commercial	3,186			3,129			1,090			1,052			1,044			1,011			1,069
Business Banking	301			280			101			99			101			96			91
Total Business Lending revenue	$	6,809		$	6,678		$	2,318		$	2,244		$	2,247		$	2,123		$	2,273

Global Transaction Services
Corporate	$	2,470		$	2,171		$	840		$	833		$	797		$	826		$	738
Commercial	2,217			2,036			758			752			707			682			671
Business Banking	625			549			217			211			197			190			182
Total Global Transaction Services revenue	$	5,312		$	4,756		$	1,815		$	1,796		$	1,701		$	1,698		$	1,591

Average deposit balances
Interest-bearing	$	80,937		$	69,335		$	94,232		$	77,490		$	70,831		$	73,141		$	72,476
Noninterest-bearing	226,226			231,840			221,460			222,993			234,366			242,218			234,812
Total average deposits	$	307,163		$	301,175		$	315,692		$	300,483		$	305,197		$	315,359		$	307,288

Loan spread	1.59		%	1.64		%	1.56		%	1.56		%	1.65		%	1.57		%	1.63		%

Provision for credit losses	$	80		$	870		$	48		$	15		$	17		$	13		$	118

Credit quality ^{(4, 5)}
Reservable utilized criticized exposure	$	13,273		$	15,460		$	13,273		$	14,074		$	14,567		$	14,841		$	15,460
	3.55		%	4.31		%	3.55		%	3.80		%	3.95		%	4.08		%	4.31		%

Nonperforming loans, leases and foreclosed properties	$	1,123		$	1,800		$	1,123		$	1,345		$	1,527		$	1,528		$	1,800
	0.32		%	0.54		%	0.32		%	0.39		%	0.44		%	0.45		%	0.54		%

Average loans and leases by product
U.S. commercial	$	199,010		$	188,984		$	197,841		$	200,577		$	198,620		$	194,692		$	190,032
Commercial real estate	49,064			48,913			49,247			49,122			48,818			48,741			48,714
Commercial lease financing	22,853			22,066			22,778			22,634			23,152			22,505			22,231
Non-U.S. commercial	73,753			72,505			76,226			72,729			72,261			71,888			73,384
Other	3			6			1			1			6			2			2
Total average loans and leases	$	344,683		$	332,474		$	346,093		$	345,063		$	342,857		$	337,828		$	334,363

Total Corporation Investment Banking fees
Advisory ⁽²⁾	$	1,262		$	1,007		$	374		$	483		$	405		$	262		$	328
Debt issuance	2,789			2,466			962			901			926			810			908
Equity issuance	736			681			193			231			312			183			261
Total investment banking fees including self-led deals	4,787			4,154			1,529			1,615			1,643			1,255			1,497
Self-led deals	(194		)	(135		)	(52		)	(83		)	(59		)	(33		)	(39		)
Total Investment Banking fees	$	4,593		$	4,019		$	1,477		$	1,532		$	1,584		$	1,222		$	1,458


⁽¹⁾	Investment banking fees represent total investment banking fees for Global Banking inclusive of self-led deals and fees included within Business Lending.


⁽²⁾	Advisory includes fees on debt and equity advisory and mergers and acquisitions.


⁽³⁾	Investment banking fees represent only the fee component in Global Banking and do not include certain other items shared with the Investment Banking Group under internal revenue sharing agreements.

⁽⁴⁾

Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown as a percentage of total commercial utilized reservable criticized exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers' acceptances.


⁽⁵⁾	Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is nonperforming assets divided by loans, leases and foreclosed properties.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	27



Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings

	Nine Months Ended September 30, 2017
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.3	%	3	8.7	%
Announced mergers and acquisitions	5	14.8		5	17.0
Equity capital markets	5	5.5		4	10.4
Debt capital markets	2	6.7		2	10.6
High-yield corporate debt	4	6.8		2	9.3
Leveraged loans	2	8.7		1	10.5
Mortgage-backed securities	2	11.8		2	12.5
Asset-backed securities	2	12.8		2	15.5
Convertible debt	4	6.5		1	14.4
Common stock underwriting	5	5.4		4	9.5
Investment-grade corporate debt	1	6.5		1	12.0
Syndicated loans	1	9.6		1	12.9

Source: Dealogic data as of October 2, 2017. Figures above include self-led transactions.


•	Rankings based on deal volumes except for net investment banking revenue rankings which reflect fees.


•	Debt capital markets excludes loans but includes agencies.


•	Mergers and acquisitions fees included in investment banking revenue reflect 10 percent fee credit at announcement and 90 percent fee credit at completion as per Dealogic.


•	Mergers and acquisitions volume rankings are for announced transactions and provide credit to all investment banks advising either side of the transaction.


•	Each advisor receives full credit for the deal amount unless advising a minor stakeholder.

Highlights



Global top 3 rankings in:
Leveraged loans		Investment-grade corporate debt
Mortgage-backed securities		Syndicated loans
Asset-backed securities		Debt capital markets

U.S. top 3 rankings in:
High-yield corporate debt		Convertible debt
Leveraged loans		Investment-grade corporate debt
Mortgage-backed securities		Syndicated loans
Asset-backed securities		Debt capital markets

Top 3 rankings excluding self-led deals:


Global:	Leveraged loans, Mortgage-backed securities, Asset-backed securities, Investment-grade corporate debt, Syndicated loans, Debt capital markets


U.S.:	High-yield corporate debt, Leveraged loans, Mortgage-backed securities, Asset-backed securities, Convertible debt, Investment-grade corporate debt, Syndicated loans, Debt capital markets



Current period information is preliminary and based on company data available at the time of the presentation.	28



Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Net interest income (FTE basis)	$	2,812		$	3,391		$	899		$	864		$	1,049		$	1,167		$	1,119
Noninterest income:
Investment and brokerage services	1,548			1,583			496			521			531			518			490
Investment banking fees	1,879			1,742			623			590			666			554			645
Trading account profits	5,634			5,401			1,714			1,743			2,177			1,149			1,934
All other income	682			501			168			229			285			85			170
Total noninterest income	9,743			9,227			3,001			3,083			3,659			2,306			3,239
Total revenue, net of interest expense (FTE basis) ⁽¹⁾	12,555			12,618			3,900			3,947			4,708			3,473			4,358

Provision for credit losses	2			23			(6		)	25			(17		)	8			19

Noninterest expense	8,117			7,690			2,710			2,650			2,757			2,482			2,656
Income before income taxes (FTE basis)	4,436			4,905			1,196			1,272			1,968			983			1,683
Income tax expense (FTE basis)	1,553			1,746			440			442			671			325			609
Net income	$	2,883		$	3,159		$	756		$	830		$	1,297		$	658		$	1,074

Return on average allocated capital ⁽²⁾	11		%	11		%	9		%	10		%	15		%	7		%	12		%
Efficiency ratio (FTE basis)	64.64			60.94			69.48			67.12			58.56			71.45			60.94

Balance Sheet
Average
Total trading-related assets ⁽³⁾	$	439,142		$	411,469		$	442,283		$	452,563		$	422,359		$	417,184		$	415,417
Total loans and leases	70,692			69,315			72,347			69,638			70,064			70,615			69,043
Total earning assets⁽³⁾	444,478			421,221			446,754			456,589			429,906			430,601			422,636
Total assets	631,686			582,006			642,430			645,228			607,010			595,276			584,069
Total deposits	32,397			34,409			32,125			31,919			33,158			33,775			32,840
Allocated capital ⁽²⁾	35,000			37,000			35,000			35,000			35,000			37,000			37,000

Period end
Total trading-related assets ⁽³⁾	$	426,371		$	417,517		$	426,371		$	436,193		$	418,259		$	380,562		$	417,517
Total loans and leases	76,225			72,144			76,225			73,973			71,053			72,743			72,144
Total earning assets ⁽³⁾	441,656			435,112			441,656			448,613			425,582			397,023			435,112
Total assets	629,270			595,165			629,270			633,193			604,015			566,060			595,165
Total deposits	33,382			31,692			33,382			33,363			33,629			34,927			31,692

Trading-related assets (average)
Trading account securities	$	214,190		$	183,928		$	216,988		$	221,569		$	203,866		$	188,729		$	185,785
Reverse repurchases	99,998			89,218			101,556			101,551			96,835			91,198			89,435
Securities borrowed	83,770			86,159			81,950			88,041			81,312			90,643			87,872
Derivative assets	41,184			52,164			41,789			41,402			40,346			46,614			52,325
Total trading-related assets ⁽³⁾	$	439,142		$	411,469		$	442,283		$	452,563		$	422,359		$	417,184		$	415,417


⁽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. For additional sales and trading revenue information, see page 30.


⁽²⁾	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.


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

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	29



Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2017		Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016		Third Quarter 2016
	2017		2016		Third Quarter 2017		Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016		Third Quarter 2016
Sales and trading revenue ⁽¹⁾
Fixed income, currency and commodities	$	7,068	$	7,507	$	2,152	$	2,106	$	2,810	$	1,866	$	2,646
Equities	3,170		3,072		977		1,104		1,089		945		954
Total sales and trading revenue	$	10,238	$	10,579	$	3,129	$	3,210	$	3,899	$	2,811	$	3,600

Sales and trading revenue, excluding debit valuation adjustment ⁽²⁾
Fixed income, currency and commodities	$	7,350	$	7,647	$	2,166	$	2,254	$	2,930	$	1,964	$	2,767
Equities	3,198		3,069		984		1,115		1,099		948		960
Total sales and trading revenue, excluding debit valuation adjustment	$	10,548	$	10,716	$	3,150	$	3,369	$	4,029	$	2,912	$	3,727

Sales and trading revenue breakdown
Net interest income	$	2,455	$	3,094	$	777	$	749	$	929	$	1,061	$	1,024
Commissions	1,525		1,561		487		514		524		510		485
Trading	5,631		5,400		1,712		1,743		2,176		1,147		1,934
Other	627		524		153		204		270		93		157
Total sales and trading revenue	$	10,238	$	10,579	$	3,129	$	3,210	$	3,899	$	2,811	$	3,600


⁽¹⁾	Includes Global Banking sales and trading revenue of $175 million and $336 million for the nine months ended September 30, 2017 and 2016; $61 million, $56 million and $58 million for the third, second and first quarters of 2017, and $68 million and $57 million for the fourth and third quarters of 2016, respectively.

⁽²⁾

For this presentation, sales and trading revenue excludes net debit valuation adjustment (DVA) gains (losses) which include net DVA on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities for all periods. Sales and trading revenue excluding net DVA gains (losses) represents a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional useful information to assess the underlying performance of these businesses and to allow better comparison of period-to-period operating performance.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	30



Bank of America Corporation and Subsidiaries
All Other Results ⁽¹⁾
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Net interest income (FTE basis)	$	232		$	504		$	52		$	90		$	90		$	(57	)	$	157
Noninterest income:
Card income	71			145			—			29			42			45			46
Mortgage banking income (loss)	(72		)	577			(163		)	89			2			311			292
Gains on sales of debt securities	278			490			125			101			52			(1		)	51
All other income (loss)	72			(746		)	(215		)	567			(280		)	(584		)	(134		)
Total noninterest income	349			466			(253		)	786			(184		)	(229		)	255
Total revenue, net of interest expense (FTE basis)	581			970			(201		)	876			(94		)	(286		)	412

Provision for credit losses	(376		)	(71		)	(191		)	(159		)	(26		)	(29		)	8

Noninterest expense	3,790			4,510			482			1,119			2,189			954			1,047
Loss before income taxes (FTE basis)	(2,833		)	(3,469		)	(492		)	(84		)	(2,257		)	(1,211		)	(643		)
Income tax expense (benefit) (FTE basis)	(2,033		)	(1,985		)	(709		)	98			(1,422		)	(1,107		)	(462		)
Net income (loss)	$	(800	)	$	(1,484	)	$	217		$	(182	)	$	(835	)	$	(104	)	$	(181	)

Balance Sheet
Average
Total loans and leases	$	86,294		$	111,611		$	76,546		$	87,667		$	94,873		$	100,171		$	105,298
Total assets ⁽²⁾	206,171			253,966			207,040			204,055			207,423			230,392			246,492
Total deposits	25,629			27,588			25,273			26,320			25,297			27,218			27,541

Period end
Total loans and leases⁽³⁾	$	72,823		$	102,639		$	72,823		$	78,830		$	92,711		$	96,713		$	102,639
Total assets ⁽⁴⁾	212,741			225,245			212,741			200,834			201,659			212,048			225,245
Total deposits	24,072			27,801			24,072			26,603			25,147			23,061			27,801

⁽¹⁾

All Other consists of ALM activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the MSR valuation model for both core and non-core MSRs and the related economic hedge results and ineffectiveness, other liquidating businesses, residual expense allocations and other. ALM activities encompass certain residential mortgages, debt securities, interest rate and foreign currency risk management activities, the impact of certain allocation methodologies and accounting hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture, as well as Global Principal Investments, which is comprised of a portfolio of equity, real estate and other alternative investments.


⁽²⁾	Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $517.9 billion and $497.8 billion for the nine months ended September 30, 2017 and 2016; $510.1 billion, $521.8 billion, $522.0 billion, $506.5 billion and $500.4 billion for the third, second, and first quarters of 2017, and the fourth and third quarters of 2016.


⁽³⁾	Includes $9.5 billion and $9.2 billion of non-U.S. credit card loans, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017 and December 31, 2016. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.


⁽⁴⁾	Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $515.0 billion, $517.7 billion, $543.4 billion, $518.7 billion and $508.5 billion at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	31



Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	September 30 2017		June 30 2017		September 30 2016
Consumer
Residential mortgage ⁽¹⁾	$	199,446	$	197,446	$	187,968
Home equity	59,752		61,942		68,997
U.S. credit card	92,602		90,776		88,789
Non-U.S. credit card ⁽²⁾	—		—		9,258
Direct/Indirect consumer ⁽³⁾	93,391		93,493		93,294
Other consumer ⁽⁴⁾	2,424		2,658		2,389
Total consumer loans excluding loans accounted for under the fair value option	447,615		446,315		450,695
Consumer loans accounted for under the fair value option ⁽⁵⁾	978		1,035		1,768
Total consumer	448,593		447,350		452,463

Commercial
U.S. commercial ⁽⁶⁾	296,280		291,235		280,096
Commercial real estate ⁽⁷⁾	59,628		59,177		57,303
Commercial lease financing	21,413		21,828		21,309
Non-U.S. commercial	95,896		90,786		87,497
Total commercial loans excluding loans accounted for under the fair value option	473,217		463,026		446,205
Commercial loans accounted for under the fair value option ⁽⁵⁾	5,307		6,290		6,340
Total commercial	478,524		469,316		452,545
Total loans and leases	$	927,117	$	916,666	$	905,008


⁽¹⁾	Includes pay option loans of $1.5 billion, $1.6 billion and $1.9 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively. The Corporation no longer originates pay option loans.


⁽²⁾	During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽³⁾

Includes auto and specialty lending loans of $50.0 billion, $49.1 billion and $47.8 billion, unsecured consumer lending loans of $484 million, $509 million and $630 million, U.S. securities-based lending loans of $39.3 billion, $39.8 billion and $40.1 billion, non-U.S. consumer loans of $2.9 billion, $2.9 billion and $3.1 billion, student loans of $0, $463 million and $514 million and other consumer loans of $682 million, $657 million and $1.1 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽⁴⁾	Includes consumer finance loans of $0, $420 million and $489 million, consumer leases of $2.3 billion, $2.1 billion and $1.7 billion and consumer overdrafts of $160 million, $155 million and $151 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.

⁽⁵⁾

Consumer loans accounted for under the fair value option were residential mortgage loans of $615 million, $666 million and $1.4 billion and home equity loans of $363 million, $369 million and $340 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.8 billion, $3.2 billion and $2.6 billion and non-U.S. commercial loans of $2.5 billion, $3.1 billion and $3.7 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽⁶⁾	Includes U.S. small business commercial loans, including card-related products, of $13.6 billion, $13.6 billion and $13.1 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽⁷⁾	Includes U.S. commercial real estate loans of $55.5 billion, $55.6 billion and $53.9 billion and non-U.S. commercial real estate loans of $4.2 billion, $3.6 billion and $3.4 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	32



Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	199,240	$	68,167	$	69,518	$	—	$	—	$	61,555
Home equity	61,225		41,585		4,395		—		364		14,881
U.S. credit card	91,602		88,614		2,988		—		—		—
Direct/Indirect consumer	93,510		50,067		42,989		—		—		454
Other consumer	2,762		2,349		5		1		—		407
Total consumer	448,339		250,782		119,895		1		364		77,297

Commercial
U.S. commercial	293,203		18,007		30,999		197,841		46,112		244
Commercial real estate	59,044		20		3,412		49,247		6,328		37
Commercial lease financing	21,818		—		3		22,778		106		(1,069		)
Non-U.S. commercial	95,725		1		24		76,226		19,437		37
Total commercial	469,790		18,028		34,438		346,092		71,983		(751		)
Total loans and leases	$	918,129	$	268,810	$	154,333	$	346,093	$	72,347	$	76,546

	Second Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	195,935	$	62,983	$	67,628	$	—	$	—	$	65,324
Home equity	63,332		42,675		4,563		1		351		15,742
U.S. credit card	89,464		86,519		2,945		—		—		—
Non-U.S. credit card ⁽¹⁾	6,494		—		—		—		—		6,494
Direct/Indirect consumer	93,146		49,319		43,352		—		—		475
Other consumer	2,629		2,190		6		—		—		433
Total consumer	451,000		243,686		118,494		1		351		88,468

Commercial
U.S. commercial	291,162		17,831		29,125		200,577		43,353		276
Commercial real estate	58,198		20		3,168		49,122		5,831		57
Commercial lease financing	21,649		—		3		22,634		164		(1,152		)
Non-U.S. commercial	92,708		—		22		72,729		19,939		18
Total commercial	463,717		17,851		32,318		345,062		69,287		(801		)
Total loans and leases	$	914,717	$	261,537	$	150,812	$	345,063	$	69,638	$	87,667

	Third Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	188,234	$	49,919	$	61,032	$	—	$	—	$	77,283
Home equity	70,603		46,603		5,090		—		342		18,568
U.S. credit card	88,210		85,170		3,039		—		—		1
Non-U.S. credit card	9,256		—		—		—		—		9,256
Direct/Indirect consumer	92,870		48,099		44,242		1		—		528
Other consumer	2,358		1,850		4		1		—		503
Total consumer	451,531		231,641		113,407		2		342		106,139

Commercial
U.S. commercial	276,833		17,019		27,045		190,032		42,367		370
Commercial real estate	57,606		23		2,727		48,714		6,063		79
Commercial lease financing	21,194		—		3		22,231		248		(1,288		)
Non-U.S. commercial	93,430		—		25		73,384		20,023		(2		)
Total commercial	449,063		17,042		29,800		334,361		68,701		(841		)
Total loans and leases	$	900,594	$	248,683	$	143,207	$	334,363	$	69,043	$	105,298


⁽¹⁾	During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	33



Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry ^{(1, 2, 3, 4)}
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	September 30 2017		June 30 2017		September 30 2016		September 30 2017			June 30 2017			September 30 2016
Diversified financials	$	81,120	$	80,979	$	76,639	$	128,879		$	126,267		$	122,795
Real estate ⁽⁵⁾	64,030		63,480		61,522		85,351			85,115			84,057
Retailing	43,061		42,841		40,633		68,665			74,396			63,782
Capital goods	35,919		34,373		34,364		67,385			66,302			63,478
Healthcare equipment and services	38,201		36,749		37,553		57,425			56,365			65,780
Government and public education	46,537		46,057		45,244		56,494			54,695			54,600
Materials	24,463		22,964		23,135		47,546			45,851			44,508
Banking	38,578		38,117		39,533		43,637			42,675			46,644
Food, beverage and tobacco	23,471		22,211		19,771		42,650			42,421			39,181
Consumer services	27,446		27,061		26,778		42,410			42,383			41,982
Energy	16,251		17,044		19,741		36,629			36,878			38,746
Commercial services and supplies	22,137		21,336		23,830		35,448			34,137			38,202
Transportation	21,781		20,917		20,428		30,124			28,886			27,760
Utilities	12,078		12,176		12,408		27,281			27,273			28,154
Media	13,400		13,195		13,171		25,998			24,911			25,587
Individuals and trusts	18,860		17,619		16,775		24,728			22,971			22,341
Pharmaceuticals and biotechnology	7,568		5,670		6,037		20,231			18,936			25,162
Software and services	9,256		9,164		8,193		18,440			18,361			18,344
Technology hardware and equipment	7,972		7,846		8,564		17,519			18,092			19,965
Insurance, including monolines	6,731		6,049		6,041		13,021			11,938			12,250
Telecommunication services	5,870		6,237		5,952		12,935			14,535			11,372
Automobiles and components	5,710		5,391		5,252		12,687			11,546			12,897
Consumer durables and apparel	6,403		6,400		5,804		12,224			12,161			10,965
Food and staples retailing	5,006		4,771		4,899		9,367			9,265			8,848
Religious and social organizations	4,196		4,259		4,662		6,133			6,071			6,429
Other	10,376		10,458		5,886		16,285			15,461			13,093
Total commercial credit exposure by industry	$	596,421	$	583,364	$	572,815	$	959,492		$	947,892		$	946,922
Net credit default protection purchased on total commitments ⁽⁶⁾							$	(2,098	)	$	(1,875	)	$	(4,586	)

⁽¹⁾

Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers' acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $35.6 billion, $34.6 billion and $46.5 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $22.3 billion, $25.5 billion and $25.3 billion which consists primarily of other marketable securities at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.

⁽²⁾

Total utilized and total committed exposure includes loans of $5.3 billion, $6.3 billion and $6.3 billion and issued letters of credit with a notional amount of $234 million, $262 million and $279 million accounted for under the fair value option at September 30, 2017, June 30, 2017 and September 30, 2016, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $4.7 billion, $4.2 billion and $7.4 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽³⁾	Includes U.S. small business commercial exposure.


⁽⁴⁾	Includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (e.g., syndicated or participated) to other financial institutions.


⁽⁵⁾	Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the borrowers' or counterparties' primary business activity using operating cash flows and primary source of repayment as key factors.


⁽⁶⁾	Represents net notional credit protection purchased.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	34



Bank of America Corporation and Subsidiaries
Top 20 Non-U.S. Countries Exposure
(Dollars in millions)
	Funded Loans and Loan Equivalents ⁽¹⁾		Unfunded Loan Commitments		Net Counterparty Exposure		Securities/ Other Investments ⁽²⁾		Country Exposure at September 30 2017		Hedges and Credit Default Protection ⁽³⁾			Net Country Exposure at September 30 2017 ⁽⁴⁾		Increase (Decrease) from June 30 2017
United Kingdom	$	28,518	$	14,359	$	5,020	$	2,619	$	50,516	$	(4,814	)	$	45,702	$	7,132
Germany	12,374		9,093		1,720		3,603		26,790		(3,607		)	23,183		(50		)
Canada	7,942		7,725		2,012		2,460		20,139		(647		)	19,492		512
Japan	11,234		549		1,720		4,823		18,326		(1,690		)	16,636		2,993
China	11,852		711		509		1,345		14,417		(234		)	14,183		2,145
Brazil	7,665		379		382		3,476		11,902		(315		)	11,587		(847		)
France	5,047		5,711		2,141		4,245		17,144		(5,654		)	11,490		(635		)
India	6,792		265		385		3,573		11,015		(953		)	10,062		578
Australia	5,096		2,810		415		1,994		10,315		(515		)	9,800		(633		)
Netherlands	5,137		3,488		763		1,428		10,816		(2,015		)	8,801		(628		)
Hong Kong	6,845		200		580		704		8,329		(43		)	8,286		(311		)
South Korea	4,984		610		757		2,048		8,399		(418		)	7,981		(34		)
Mexico	3,901		1,616		228		1,650		7,395		(548		)	6,847		1,073
Singapore	2,996		315		790		2,128		6,229		(65		)	6,164		(375		)
Switzerland	3,414		3,093		300		107		6,914		(1,613		)	5,301		(188		)
Italy	2,483		1,479		587		566		5,115		(1,114		)	4,001		1,170
Belgium	2,274		777		114		1,051		4,216		(313		)	3,903		1,511
Turkey	2,741		60		37		272		3,110		(1		)	3,109		540
Spain	1,740		1,156		299		1,023		4,218		(1,172		)	3,046		273
United Arab Emirates	2,186		111		284		78		2,659		(91		)	2,568		296
Total top 20 non-U.S. countries exposure	$	135,221	$	54,507	$	19,043	$	39,193	$	247,964	$	(25,822	)	$	222,142	$	14,522


⁽¹⁾	Includes loans, leases, and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.


⁽²⁾	Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures and net credit default swaps purchased, consisting of single-name and net indexed and tranched credit default swaps.


⁽³⁾	Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, consisting of net single-name and net indexed and tranched credit default swaps. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.


⁽⁴⁾	Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	35



Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	September 30 2017			June 30 2017			March 31 2017			December 31 2016			September 30 2016
Residential mortgage	$	2,518		$	2,579		$	2,729		$	3,056		$	3,341
Home equity	2,691			2,681			2,796			2,918			2,982
Direct/Indirect consumer	43			19			19			28			26
Other consumer	—			3			2			2			1
Total consumer	5,252			5,282			5,546			6,004			6,350
U.S. commercial	863			1,039			1,246			1,256			1,439
Commercial real estate	130			123			74			72			60
Commercial lease financing	26			28			37			36			35
Non-U.S. commercial	244			269			311			279			400
	1,263			1,459			1,668			1,643			1,934
U.S. small business commercial	55			61			60			60			65
Total commercial	1,318			1,520			1,728			1,703			1,999
Total nonperforming loans and leases	6,570			6,802			7,274			7,707			8,349
Foreclosed properties ⁽¹⁾	299			325			363			377			388
Total nonperforming loans, leases and foreclosed properties ^{(2, 3, 4)}	$	6,869		$	7,127		$	7,637		$	8,084		$	8,737

Fully-insured home loans past due 30 days or more and still accruing	$	4,721		$	4,970		$	5,531		$	6,397		$	6,844
Consumer credit card past due 30 days or more and still accruing ⁽⁵⁾	1,657			1,550			1,717			1,725			1,584
Other loans past due 30 days or more and still accruing	3,885			3,428			4,170			4,894			3,093
Total loans past due 30 days or more and still accruing ^{(3, 6, 7)}	$	10,263		$	9,948		$	11,418		$	13,016		$	11,521

Fully-insured home loans past due 90 days or more and still accruing	$	3,372		$	3,699		$	4,226		$	4,793		$	5,117
Consumer credit card past due 90 days or more and still accruing⁽⁸⁾	810			772			872			848			767
Other loans past due 90 days or more and still accruing	220			199			270			246			166
Total loans past due 90 days or more and still accruing ^{(3, 6, 7)}	$	4,402		$	4,670		$	5,368		$	5,887		$	6,050

Nonperforming loans, leases and foreclosed properties/Total assets ⁽⁹⁾	0.30		%	0.32		%	0.34		%	0.37		%	0.40		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties ⁽⁹⁾	0.75			0.78			0.84			0.89			0.97
Nonperforming loans and leases/Total loans and leases ⁽⁹⁾	0.71			0.75			0.80			0.85			0.93

Commercial utilized reservable criticized exposure ⁽¹⁰⁾	$	14,824		$	15,640		$	16,068		$	16,320		$	16,938
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure ⁽¹⁰⁾	2.91		%	3.13		%	3.27		%	3.35		%	3.52		%
Total commercial utilized criticized exposure/Commercial utilized exposure ⁽¹⁰⁾	2.93			3.14			3.19			3.24			3.38


⁽¹⁾	Foreclosed property balances do not include properties insured by certain government-guaranteed loans, principally loans insured by the Federal Housing Administration (FHA), that entered foreclosure of $864 million, $1.0 billion, $1.1 billion, $1.2 billion and $1.3 billion at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.


⁽²⁾	Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the FHA and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate.


⁽³⁾	Balances do not include purchased credit-impaired loans even though the customer may be contractually past due. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.



⁽⁴⁾ Balances do not include the following:	September 30 2017		June 30 2017		March 31 2017		December 31 2016		September 30 2016
Nonperforming loans held-for-sale	$	325	$	267	$	426	$	264	$	274
Nonperforming loans accounted for under the fair value option	62		79		95		132		293
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	24		22		28		27		27


⁽⁵⁾	Includes $137 million and $130 million of non-U.S. credit card loans at March 31, 2017 and December 31, 2016, which were included in assets of business held for sale on the Consolidated Balance Sheet. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽⁶⁾

Balances do not include loans held-for-sale past due 30 days or more and still accruing of $42 million, $25 million, $137 million, $261 million and $18 million at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively, and loans held-for-sale past due 90 days or more and still accruing of $6 million, $82 million and $182 million at September 30, 2017, March 31, 2017 and December 31, 2016, respectively, and $0 for other periods presented. At September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, there were $40 million, $37 million, $31 million, $38 million and $115 million, respectively, of loans accounted for under the fair value option past due 30 days or more and still accruing interest.


⁽⁷⁾	These balances are excluded from total nonperforming loans, leases and foreclosed properties.


⁽⁸⁾	Includes $71 million and $66 million of non-U.S. credit card loans at March 31, 2017 and December 31, 2016, which were included in assets of business held for sale on the Consolidated Balance Sheet.


⁽⁹⁾	Total assets and total loans and leases do not include loans accounted for under the fair value option of $6.3 billion, $7.3 billion, $7.5 billion, $7.1 billion and $8.1 billion at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.


⁽¹⁰⁾	Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	36



Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity ⁽¹⁾
(Dollars in millions)
	Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	5,282		$	5,546		$	6,004		$	6,350		$	6,705
Additions to nonperforming loans and leases:
New nonperforming loans and leases	999			682			818			911			831
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(117		)	(170		)	(230		)	(190		)	(220		)
Sales	(162		)	(119		)	(142		)	(273		)	(237		)
Returns to performing status ⁽²⁾	(347		)	(368		)	(386		)	(408		)	(383		)
Charge-offs ⁽³⁾	(346		)	(259		)	(240		)	(269		)	(279		)
Transfers to foreclosed properties	(57		)	(53		)	(57		)	(62		)	(67		)
Transfers (to) from loans held-for-sale	—			23			(221		)	(55		)	—
Total net reductions to nonperforming loans and leases	(30		)	(264		)	(458		)	(346		)	(355		)
Total nonperforming consumer loans and leases, end of period	5,252			5,282			5,546			6,004			6,350
Foreclosed properties	259			285			328			363			372
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	5,511		$	5,567		$	5,874		$	6,367		$	6,722

Nonperforming Commercial Loans and Leases ⁽⁴⁾:
Balance, beginning of period	$	1,520		$	1,728		$	1,703		$	1,999		$	1,659
Additions to nonperforming loans and leases:
New nonperforming loans and leases	384			281			458			254			890
Advances	28			7			14			4			2
Reductions to nonperforming loans and leases:
Paydowns	(270		)	(266		)	(267		)	(226		)	(267		)
Sales	(61		)	(33		)	(22		)	(152		)	(73		)
Return to performing status ⁽⁵⁾	(100		)	(86		)	(54		)	(90		)	(101		)
Charge-offs	(145		)	(85		)	(82		)	(84		)	(102		)
Transfers to foreclosed properties	—			(5		)	(22		)	(2		)	—
Transfers to loans held-for-sale	(38		)	(21		)	—			—			(9		)
Total net additions (reductions) to nonperforming loans and leases	(202		)	(208		)	25			(296		)	340
Total nonperforming commercial loans and leases, end of period	1,318			1,520			1,728			1,703			1,999
Foreclosed properties	40			40			35			14			16
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	1,358		$	1,560		$	1,763		$	1,717		$	2,015


⁽¹⁾	For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 36.

⁽²⁾

Consumer loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Certain troubled debt restructurings are classified as nonperforming at the time of restructuring and may only be returned to performing status after considering the borrower's sustained repayment performance for a reasonable period, generally six months.


⁽³⁾	Our policy is not to classify consumer credit card and non-bankruptcy related consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and, accordingly, are excluded from this table.


⁽⁴⁾	Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

⁽⁵⁾

Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Troubled debt restructurings are generally classified as performing after a sustained period of demonstrated payment performance.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	37



Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios ^{(1, 2)}
(Dollars in millions)
	Third Quarter 2017					Second Quarter 2017					First Quarter 2017					Fourth Quarter 2016				Third Quarter 2016
Net Charge-offs	Amount			Percent		Amount			Percent		Amount			Percent		Amount		Percent		Amount			Percent
Residential mortgage ⁽³⁾	$	(82	)	(0.16	)%	$	(19	)	(0.04	)%	$	17		0.04	%	$	2	—	%	$	4		0.01	%
Home equity	83			0.54		50			0.32		64			0.40		70		0.41		97			0.55
U.S. credit card	612			2.65		640			2.87		606			2.74		566		2.52		543			2.45
Non-U.S. credit card ⁽⁴⁾	—			—		31			1.89		44			1.91		41		1.80		43			1.83
Direct/Indirect consumer	67			0.28		32			0.14		48			0.21		43		0.19		34			0.14
Other consumer	51			7.23		17			2.64		48			7.61		53		8.57		57			9.74
Total consumer	731			0.65		751			0.67		827			0.74		775		0.68		778			0.69
U.S. commercial ⁽⁵⁾	80			0.11		52			0.08		44			0.06		29		0.04		62			0.10
Commercial real estate	2			0.02		5			0.03		(4		)	(0.03	)	—		—		(23		)	(0.16	)
Commercial lease financing	(1		)	(0.02	)	1			0.01		—			—		2		0.05		6			0.11
Non-U.S. commercial	33			0.14		46			0.21		15			0.07		23		0.10		10			0.04
	114			0.10		104			0.09		55			0.05		54		0.05		55			0.05
U.S. small business commercial	55			1.61		53			1.60		52			1.61		51		1.55		55			1.67
Total commercial	169			0.14		157			0.14		107			0.10		105		0.09		110			0.10
Total net charge-offs	$	900		0.39		$	908		0.40		$	934		0.42		$	880	0.39		$	888		0.40

By Business Segment and All Other
Consumer Banking	$	800		1.18	%	$	791		1.21	%	$	772		1.21	%	$	732	1.15	%	$	710		1.14	%
Global Wealth & Investment Management	11			0.03		8			0.02		21			0.06		17		0.05		12			0.03
Global Banking	106			0.12		98			0.11		51			0.06		50		0.06		57			0.07
Global Markets	23			0.13		1			0.01		—			—		—		—		4			0.02
All Other ⁽⁴⁾	(40		)	(0.21	)	10			0.05		90			0.39		81		0.33		105			0.41
Total net charge-offs	$	900		0.39		$	908		0.40		$	934		0.42		$	880	0.39		$	888		0.40

⁽¹⁾

Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.40, 0.41, 0.42, 0.39 and 0.40 for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.

⁽²⁾

Excludes write-offs of purchased credit-impaired loans of $73 million, $55 million, $33 million, $70 million and $83 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.42, 0.43, 0.43, 0.42 and 0.43 for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.


⁽³⁾	Includes loan sales recoveries of $88 million, $3 million, $11 million, $9 million and $7 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.


⁽⁴⁾	Represents net charge-offs of non-U.S. credit card loans recorded in All Other, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017 and December 31, 2016. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.


⁽⁵⁾	Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	38



Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios ^{(1, 2)}
(Dollars in millions)
	Nine Months Ended September 30
	2017					2016
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage ⁽³⁾	$	(84	)	(0.06	)%	$	129		0.09	%
Home equity	197			0.42		335			0.61
U.S. credit card	1,858			2.75		1,703			2.60
Non-U.S. credit card⁽⁴⁾	75			1.91		134			1.84
Direct/Indirect consumer	147			0.21		91			0.13
Other consumer	116			5.83		152			9.09
Total consumer	2,309			0.69		2,544			0.76
U.S. commercial ⁽⁵⁾	176			0.09		155			0.08
Commercial real estate	3			0.01		(31		)	(0.07	)
Commercial lease financing	—			—		19			0.12
Non-U.S. commercial	94			0.14		97			0.14
	273			0.08		240			0.08
U.S. small business commercial	160			1.60		157			1.62
Total commercial	433			0.13		397			0.12
Total net charge-offs	$	2,742		0.40		$	2,941		0.44

By Business Segment and All Other
Consumer Banking	$	2,363		1.20	%	$	2,164		1.19	%
Global Wealth & Investment Management	40			0.04		31			0.03
Global Banking	255			0.10		241			0.10
Global Markets	24			0.05		9			0.02
All Other ⁽⁴⁾	60			0.09		496			0.60
Total net charge-offs	$	2,742		0.40		$	2,941		0.44

⁽¹⁾

Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.41 and 0.45 for the nine months ended September 30, 2017 and 2016.

⁽²⁾

Excludes write-offs of purchased credit-impaired loans of $161 million and $270 million for the nine months ended September 30, 2017 and 2016. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.43 and 0.48 for the nine months ended September 30, 2017 and 2016.


⁽³⁾	Includes loan sales charge-offs (recoveries) of ($102) million and $35 million for the nine months ended September 30, 2017 and 2016.


⁽⁴⁾	Represents net charge-offs of non-U.S. credit card loans recorded in All Other, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.


⁽⁵⁾	Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	39



Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	September 30, 2017						June 30, 2017						September 30, 2016
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding ^{(1, 2)}		Amount		Percent of Total		Percent of Loans and Leases Outstanding ^{(1, 2)}		Amount		Percent of Total		Percent of Loans and Leases Outstanding ^{(1, 2)}
Residential mortgage	$	813	7.60	%	0.41	%	$	901	8.28	%	0.46	%	$	1,088	9.31	%	0.58	%
Home equity	1,219		11.40		2.04		1,408		12.95		2.27		1,901		16.26		2.75
U.S. credit card	3,263		30.52		3.52		3,063		28.17		3.37		2,857		24.44		3.22
Non-U.S.credit card ⁽³⁾	—		—		—		—		—		—		258		2.21		2.79
Direct/Indirect consumer	255		2.38		0.27		273		2.51		0.29		227		1.94		0.24
Other consumer	32		0.30		1.32		50		0.46		1.84		48		0.39		2.01
Total consumer	5,582		52.20		1.25		5,695		52.37		1.28		6,379		54.55		1.42
U.S. commercial ⁽⁴⁾	3,199		29.92		1.08		3,250		29.89		1.12		3,427		29.31		1.22
Commercial real estate	956		8.94		1.60		949		8.73		1.60		915		7.83		1.60
Commercial lease financing	144		1.35		0.67		151		1.38		0.69		141		1.21		0.66
Non-U.S.commercial	812		7.59		0.85		830		7.63		0.91		830		7.10		0.95
Total commercial ⁽⁵⁾	5,111		47.80		1.08		5,180		47.63		1.12		5,313		45.45		1.19
Allowance for loan and lease losses	10,693		100.00	%	1.16		10,875		100.00	%	1.20		11,692		100.00	%	1.30
Reserve for unfunded lending commitments	762						757						767
Allowance for credit losses	$	11,455					$	11,632					$	12,459

Asset Quality Indicators

Allowance for loan and lease losses/Total loans and leases ⁽²⁾			1.16	%					1.20	%					1.30	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) ^{(2, 6)}			1.14						1.17						1.27
Allowance for loan and lease losses/Total nonperforming loans and leases⁽⁷⁾			163						160						140
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases ^{(6, 7)}			158						154						135
Ratio of the allowance for loan and lease losses/Annualized net charge-offs ⁽⁸⁾			3.00						2.99						3.31
Ratio of the allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Annualized net charge-offs ^{(6, 8)}			2.91						2.88						3.18
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs			2.77						2.82						3.03

⁽¹⁾

Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option included residential mortgage loans of $615 million, $666 million and $1.4 billion and home equity loans of $363 million, $369 million and $340 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $2.8 billion, $3.2 billion and $2.6 billion and non-U.S. commercial loans of $2.5 billion, $3.1 billion and $3.7 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽²⁾	Total loans and leases do not include loans accounted for under the fair value option of $6.3 billion, $7.3 billion and $8.1 billion at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽³⁾	During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.


⁽⁴⁾	Includes allowance for loan and lease losses for U.S. small business commercial loans of $422 million, $417 million and $444 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽⁵⁾	Includes allowance for loan and lease losses for impaired commercial loans of $232 million, $242 million and $258 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽⁶⁾	Excludes valuation allowance on purchased credit-impaired loans of $315 million, $375 million and $453 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.

⁽⁷⁾

Allowance for loan and lease losses includes $3.9 billion, $3.8 billion and $4.1 billion allocated to products (primarily the Consumer Lending portfolios within Consumer Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at September 30, 2017, June 30, 2017 and September 30, 2016, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 104 percent, 104 percent and 91 percent at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.


⁽⁸⁾	Net charge-offs exclude $73 million, $55 million and $83 million of write-offs in the purchased credit-impaired loan portfolio for the three months ended September 30, 2017, June 30, 2017 and September 30, 2016, respectively.

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	40



Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. Total revenue, net of interest expense, on a fully taxable-equivalent basis 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.

See the tables below and on page 42 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the nine months ended September 30, 2017 and 2016 and the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate supplemental financial data differently.



	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016

Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	33,205		$	30,804		$	11,161		$	10,986		$	11,058		$	10,292		$	10,201
Fully taxable-equivalent adjustment	674			666			240			237			197			234			228
Net interest income on a fully taxable-equivalent basis	$	33,879		$	31,470		$	11,401		$	11,223		$	11,255		$	10,526		$	10,429

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	$	66,916		$	63,711		$	21,839		$	22,829		$	22,248		$	19,990		$	21,635
Fully taxable-equivalent adjustment	674			666			240			237			197			234			228
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	67,590		$	64,377		$	22,079		$	23,066		$	22,445		$	20,224		$	21,863

Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	7,096		$	5,888		$	2,279		$	3,108		$	1,709		$	1,359		$	2,349
Fully taxable-equivalent adjustment	674			666			240			237			197			234			228
Income tax expense on a fully taxable-equivalent basis	$	7,770		$	6,554		$	2,519		$	3,345		$	1,906		$	1,593		$	2,577

Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	246,195		$	240,440		$	249,624		$	246,003		$	242,883		$	245,139		$	243,679
Goodwill	(69,398		)	(69,752		)	(68,969		)	(69,489		)	(69,744		)	(69,745		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,737		)	(3,480		)	(2,549		)	(2,743		)	(2,923		)	(3,091		)	(3,276		)
Related deferred tax liabilities	1,503			1,666			1,465			1,506			1,539			1,580			1,628
Tangible common shareholders' equity	$	175,563		$	168,874		$	179,571		$	175,277		$	171,755		$	173,883		$	172,287

Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	271,012		$	264,907		$	273,648		$	271,223		$	268,103		$	270,360		$	268,899
Goodwill	(69,398		)	(69,752		)	(68,969		)	(69,489		)	(69,744		)	(69,745		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,737		)	(3,480		)	(2,549		)	(2,743		)	(2,923		)	(3,091		)	(3,276		)
Related deferred tax liabilities	1,503			1,666			1,465			1,506			1,539			1,580			1,628
Tangible shareholders' equity	$	200,380		$	193,341		$	203,595		$	200,497		$	196,975		$	199,104		$	197,507

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	41



Exhibit A: Non-GAAP Reconciliations (continued)

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016
	2017			2016			Third Quarter 2017			Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016

Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	250,136		$	244,863		$	250,136		$	245,767		$	242,933		$	241,620		$	244,863
Goodwill	(68,968		)	(69,744		)	(68,968		)	(68,969		)	(69,744		)	(69,744		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,459		)	(3,168		)	(2,459		)	(2,610		)	(2,827		)	(2,989		)	(3,168		)
Related deferred tax liabilities	1,435			1,588			1,435			1,471			1,513			1,545			1,588
Tangible common shareholders' equity	$	180,144		$	173,539		$	180,144		$	175,659		$	171,875		$	170,432		$	173,539

Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	272,459		$	270,083		$	272,459		$	270,987		$	268,153		$	266,840		$	270,083
Goodwill	(68,968		)	(69,744		)	(68,968		)	(68,969		)	(69,744		)	(69,744		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,459		)	(3,168		)	(2,459		)	(2,610		)	(2,827		)	(2,989		)	(3,168		)
Related deferred tax liabilities	1,435			1,588			1,435			1,471			1,513			1,545			1,588
Tangible shareholders' equity	$	202,467		$	198,759		$	202,467		$	200,879		$	197,095		$	195,652		$	198,759

Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,283,896		$	2,195,314		$	2,283,896		$	2,254,529		$	2,247,701		$	2,187,702		$	2,195,314
Goodwill	(68,968		)	(69,744		)	(68,968		)	(68,969		)	(69,744		)	(69,744		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,459		)	(3,168		)	(2,459		)	(2,610		)	(2,827		)	(2,989		)	(3,168		)
Related deferred tax liabilities	1,435			1,588			1,435			1,471			1,513			1,545			1,588
Tangible assets	$	2,213,904		$	2,123,990		$	2,213,904		$	2,184,421		$	2,176,643		$	2,116,514		$	2,123,990

Certain prior period amounts have been reclassified to conform to current period presentation.



Current period information is preliminary and based on company data available at the time of the presentation.	42