Bank of America Corporation Filed a Form 8-K
Consumer BankingRevenue 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 ManagementRevenue 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 BankingRevenue 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 MarketsSales 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.
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.