Bank, America

Bank of America Company (the "Corporation") informed its securities holders that it has filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission ("SEC") on April 16, 2018, announcing financial results for the first quarter ended March 31, 2018, reporting first quarter net income of $6.9 billion, or $0.62 per diluted share.

16.04.2018 - 18:40:42

Bank of America Corporation Filed a Form 8-K

Consumer Banking

Revenue rose 9% to $9.0 billion Loans up 8%; deposits up 6% Merrill Edge brokerage assets up 18% Active mobile banking users increased 12% to 24.8 million Combined credit/debit spend up 9% to $137 billion

Global Wealth and Investment Management

Revenue rose 6% to $4.9 billion Total client balances increased $140 billion to $2.7 trillion Loans increased 7% to $159 billion Record pretax margin of 29%

Global Banking

Revenue of $4.9 billion Loans increased 3% to $352 billion, driven by international and domestic C&I lending Deposits increased 6% to $324 billion Efficiency ratio remained low at 44%

Global Markets

Sales and trading revenue of $4.1 billion, including negative net debit valuation adjustment (DVA) of $64 million Excluding net DVA, sales and trading revenue up 1% to $4.1 billion Equities up 38% to $1.5 billion FICC down 13% to $2.5 billion vs. strong year-ago quarter

Bank of America Corporation makes available all of its SEC filings on its website: http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-irhome.

The SEC maintains a website that contains reports, proxy statements and other information regarding issuers that file electronically with the SEC. These materials may be obtained electronically by accessing the SEC’s website at http://www.sec.gov. A copy of the document will also be available on the National Storage Mechanism's website at: http://www.morningstar.co.uk/uk/NSM.

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1 Financial Highlights and Business Segment Highlights compare to the year-ago quarter unless noted. Loan and deposit balances are shown on an average basis unless noted.

@ businesswire.com

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