Shareholders' Equity - Narrative (Details) (USD $)
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0 Months Ended |
12 Months Ended |
0 Months Ended |
Dec. 26, 2014
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Oct. 23, 2014
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Sep. 26, 2014
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Aug. 06, 2014
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Jun. 18, 2014
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Feb. 11, 2014
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Jun. 17, 2014
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Sep. 05, 2014
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Sep. 09, 2014
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Feb. 10, 2015
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Jan. 27, 2015
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Class of Stock [Line Items] |
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Common dividends (in dollars per share) |
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$ 0.05us-gaap_CommonStockDividendsPerShareDeclared
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$ 0.05us-gaap_CommonStockDividendsPerShareDeclared
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$ 0.01us-gaap_CommonStockDividendsPerShareDeclared
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$ 0.01us-gaap_CommonStockDividendsPerShareDeclared
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Redempmtion of stock |
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$ 1,675,000,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
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$ 3,220,000,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
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Cash dividends declared per common share (dollars per share) |
$ 0.05us-gaap_CommonStockDividendsPerShareCashPaid
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$ 0.05us-gaap_CommonStockDividendsPerShareCashPaid
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$ 0.12us-gaap_CommonStockDividendsPerShareCashPaid
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$ 0.04us-gaap_CommonStockDividendsPerShareCashPaid
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$ 0.04us-gaap_CommonStockDividendsPerShareCashPaid
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Share-based compensation, number of shares authorized (shares) |
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1,800,000,000us-gaap_CommonStockCapitalSharesReservedForFutureIssuance
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Preferred stock dividends |
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1,044,000,000us-gaap_DividendsPreferredStockCash
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1,249,000,000us-gaap_DividendsPreferredStockCash
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1,472,000,000us-gaap_DividendsPreferredStockCash
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Issuance of preferred stock |
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5,957,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues
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1,008,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues
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667,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues
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Redemption of preferred stock |
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(6,561,000,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue
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Common stock issued in connection with exchanges of preferred stock and trust preferred securities |
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(160,000,000)bac_StockIssuedDuringPeriodValueExchangeofStock
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Series 1 Preferred Stock |
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Class of Stock [Line Items] |
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Liquidation preference (in usd per share) |
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$ 30,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_Series1PreferredStockMember
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Series T Preferred Stock |
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Class of Stock [Line Items] |
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Warrants outstanding |
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700,000,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights / us-gaap_StatementClassOfStockAxis = bac_SeriesTPreferredStockMember
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Exercise price per warrant |
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$ 7.142857us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_StatementClassOfStockAxis = bac_SeriesTPreferredStockMember
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Per Annum Dividend Rate |
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6.00%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesTPreferredStockMember
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Liquidation preference (in usd per share) |
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$ 100,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesTPreferredStockMember
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Series V, X, W, and Z Preferred Stock |
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Class of Stock [Line Items] |
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Issuance of preferred stock |
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6,000,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesVXWandZPreferredStockMember
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Series V Preferred Stock |
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Class of Stock [Line Items] |
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Per Annum Dividend Rate |
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5.125%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesVPreferredStockMember
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Shares issued during the period (shares) |
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60,000us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesVPreferredStockMember
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Issuance of preferred stock |
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1,500,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesVPreferredStockMember
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesVPreferredStockMember
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Series X Preferred Stock |
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Class of Stock [Line Items] |
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Per Annum Dividend Rate |
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6.25%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesXPreferredStockMember
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Shares issued during the period (shares) |
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80,000us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesXPreferredStockMember
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Issuance of preferred stock |
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2,000,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesXPreferredStockMember
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesXPreferredStockMember
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Series W Preferred Stock |
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Class of Stock [Line Items] |
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Per Annum Dividend Rate |
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6.625%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesWPreferredStockMember
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6.625%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesWPreferredStockMember
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Shares issued during the period (shares) |
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44,000us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesWPreferredStockMember
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Issuance of preferred stock |
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1,100,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesWPreferredStockMember
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesWPreferredStockMember
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Series Z Preferred Stock |
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Class of Stock [Line Items] |
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Per Annum Dividend Rate |
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65.00%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesZPreferredStockMember
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Shares issued during the period (shares) |
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56,000us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesZPreferredStockMember
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Issuance of preferred stock |
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1,400,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesZPreferredStockMember
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesZPreferredStockMember
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Series X, W, Z Preferred Stock |
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Class of Stock [Line Items] |
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesXWZPreferredStockMember
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Preferred Stock Series H, J, 6, 7, and 8 |
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Class of Stock [Line Items] |
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Redemption of preferred stock |
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(6,600,000,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue / us-gaap_StatementClassOfStockAxis = bac_PreferredStockSeriesHJ67and8Member
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Series U Preferred Stock |
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Class of Stock [Line Items] |
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Per Annum Dividend Rate |
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5.20%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesUPreferredStockMember
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Issuance of preferred stock |
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1,000,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesUPreferredStockMember
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesUPreferredStockMember
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Trust Preferred Securities |
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Class of Stock [Line Items] |
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Redeemable and nonredeemable preferred stock |
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760,000,000bac_FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsShareValueAmountExchanged / us-gaap_StatementClassOfStockAxis = bac_TrustPreferredSecuritiesMember
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Series F and G Preferred Stock |
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Class of Stock [Line Items] |
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Issuance of preferred stock |
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633,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesFandGPreferredStockMember
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Warrants Expiring January 16, 2019 |
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Class of Stock [Line Items] |
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Warrants outstanding |
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150,400,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringJanuary162019Member
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Exercise price per warrant |
$ 13.24us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringJanuary162019Member
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$ 13.30us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringJanuary162019Member
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$ 13.24us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringJanuary162019Member
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Minimum required dividend rate |
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$ 0.01bac_ClassofWarrantorRightMinimumDividendsPerShareDeclaredTriggeringAdjustmenttoExercisePriceofWarrant / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringJanuary162019Member
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Warrants Expiring October 18, 2018 |
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Class of Stock [Line Items] |
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Warrants outstanding |
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121,800,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringOctober182018Member
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Exercise price per warrant |
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$ 30.79us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringOctober182018Member
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Minimum required dividend rate |
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$ 0.32bac_ClassofWarrantorRightMinimumDividendsPerShareDeclaredTriggeringAdjustmenttoExercisePriceofWarrant / us-gaap_ClassOfWarrantOrRightAxis = bac_WarrantsExpiringOctober182018Member
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Subsequent Event |
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Class of Stock [Line Items] |
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Common dividends (in dollars per share) |
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$ 0.05us-gaap_CommonStockDividendsPerShareDeclared / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember
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Subsequent Event | Series Y Preferred Stock |
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Class of Stock [Line Items] |
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Per Annum Dividend Rate |
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6.50%us-gaap_PreferredStockDividendRatePercentage / us-gaap_StatementClassOfStockAxis = bac_SeriesYPreferredStockMember / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember
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Shares issued during the period (shares) |
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44,000us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesYPreferredStockMember / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember
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Issuance of preferred stock |
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1,100,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementClassOfStockAxis = bac_SeriesYPreferredStockMember / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember
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Liquidation preference (in usd per share) |
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$ 25,000us-gaap_PreferredStockLiquidationPreference / us-gaap_StatementClassOfStockAxis = bac_SeriesYPreferredStockMember / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember
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Common Stock |
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Class of Stock [Line Items] |
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Redempmtion of stock (shares) |
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101,100,000us-gaap_StockRepurchasedAndRetiredDuringPeriodShares / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember
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231,700,000us-gaap_StockRepurchasedAndRetiredDuringPeriodShares / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember
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Redempmtion of stock |
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1,700,000,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember
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3,200,000,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember
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Stock issued (shares) |
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43,000,000us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember
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Shares paid for tax withholding for share based compensation (shares) |
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17,000,000us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember
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Common Stock and Additional Paid-in Capital |
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Class of Stock [Line Items] |
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Redempmtion of stock (shares) |
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101,132,000us-gaap_StockRepurchasedAndRetiredDuringPeriodShares / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockIncludingAdditionalPaidInCapitalMember
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231,744,000us-gaap_StockRepurchasedAndRetiredDuringPeriodShares / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockIncludingAdditionalPaidInCapitalMember
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Redempmtion of stock |
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1,675,000,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockIncludingAdditionalPaidInCapitalMember
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3,220,000,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockIncludingAdditionalPaidInCapitalMember
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Common stock issued in connection with exchanges of preferred stock and trust preferred securities, shares |
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49,867,000bac_StockIssuedDuringPeriodSharesExchangeofStock / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockIncludingAdditionalPaidInCapitalMember
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Common stock issued in connection with exchanges of preferred stock and trust preferred securities |
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(412,000,000)bac_StockIssuedDuringPeriodValueExchangeofStock / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockIncludingAdditionalPaidInCapitalMember
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Retained Earnings |
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Class of Stock [Line Items] |
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Preferred stock dividends |
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|
|
|
1,044,000,000us-gaap_DividendsPreferredStockCash / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember
|
1,249,000,000us-gaap_DividendsPreferredStockCash / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember
|
1,472,000,000us-gaap_DividendsPreferredStockCash / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember
|
|
|
|
|
|
Redemption of preferred stock |
|
|
|
|
|
|
|
(100,000,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember
|
|
|
|
|
|
|
Common stock issued in connection with exchanges of preferred stock and trust preferred securities |
|
|
|
|
|
|
|
|
(44,000,000)bac_StockIssuedDuringPeriodValueExchangeofStock / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember
|
|
|
|
|
|
Retained Earnings | Preferred Stock Series H, J, 6, 7, and 8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of preferred stock |
|
|
|
|
|
|
|
(100,000,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue / us-gaap_StatementClassOfStockAxis = bac_PreferredStockSeriesHJ67and8Member / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember
|
|
|
|
|
|
|
Preferred Stock |
|
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|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
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|
|
|
|
|
|
|
|
|
|
|
|
Issuance of preferred stock |
|
|
|
|
|
|
5,957,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementEquityComponentsAxis = us-gaap_PreferredStockMember
|
1,008,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementEquityComponentsAxis = us-gaap_PreferredStockMember
|
667,000,000us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_StatementEquityComponentsAxis = us-gaap_PreferredStockMember
|
|
|
|
|
|
Redemption of preferred stock |
|
|
|
|
|
|
|
(6,461,000,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue / us-gaap_StatementEquityComponentsAxis = us-gaap_PreferredStockMember
|
|
|
|
|
|
|
Common stock issued in connection with exchanges of preferred stock and trust preferred securities |
|
|
|
|
|
|
|
|
296,000,000bac_StockIssuedDuringPeriodValueExchangeofStock / us-gaap_StatementEquityComponentsAxis = us-gaap_PreferredStockMember
|
|
|
|
|
|
Preferred Stock | Preferred Stock Series H, J, 6, 7, and 8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
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|
|
|
|
|
|
|
|
|
|
|
Redemption of preferred stock |
|
|
|
|
|
|
|
(6,500,000,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue / us-gaap_StatementClassOfStockAxis = bac_PreferredStockSeriesHJ67and8Member / us-gaap_StatementEquityComponentsAxis = us-gaap_PreferredStockMember
|
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|
|
Exchange Agreements | Common Stock |
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|
Class of Stock [Line Items] |
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|
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|
Payments Included in Exchange of Preferred Stock and Trust Preferred Securities for Common Stock |
|
|
|
|
|
|
|
|
398,000,000bac_PaymentsIncludedInExchangeOfPreferredStockAndTrustPreferredSecuritiesForCommonStock / bac_NegotiatedExchangeAgreementInformationAxis = bac_ExchangeAgreementsMember / us-gaap_StatementClassOfStockAxis = us-gaap_CommonStockMember
|
|
|
|
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|
Exchange Agreements | Non-Convertible Preferred Stock and Trust Preferred Securities |
|
|
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|
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|
|
|
|
|
|
|
Class of Stock [Line Items] |
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|
|
|
|
|
|
Increase In Retained Earnings And Net Income Applicable To Common Shareholders |
|
|
|
|
|
|
|
|
246,000,000bac_ExcessCarryingValueofthePreferredStockandTrustPreferredSecuritiesOverCommonStockIssuedinExchange / bac_NegotiatedExchangeAgreementInformationAxis = bac_ExchangeAgreementsMember / us-gaap_StatementClassOfStockAxis = bac_NonConvertiblePreferredStockAndTrustPreferredSecuritiesMember
|
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|
|
Net Interest Income | Exchange Agreements | Non-Convertible Preferred Stock and Trust Preferred Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
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|
|
|
|
|
|
|
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|
Other income (loss) |
|
|
|
|
|
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|
$ 202,000,000bac_GainLossonExchangeofPreferredStockandTrustPreferredSecuritiesRecordedinIncome / us-gaap_IncomeStatementLocationAxis = bac_NetInterestIncomeMember / bac_NegotiatedExchangeAgreementInformationAxis = bac_ExchangeAgreementsMember / us-gaap_StatementClassOfStockAxis = bac_NonConvertiblePreferredStockAndTrustPreferredSecuritiesMember
|
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