Bank of America Quarterly Revenue (Q1 2021) According to its Q1 2021 earnings report, Bank of America's revenue improved amid economic recovery. Bank of America, N.A. MLPF&S is a registered broker-dealer, registered investment adviser, MemberSIPCand a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America has been a signatory member of the UNGC since 2016 and, along with more than 12,000 other members, supports the initiative's ten principles on human rights, labor, environment and anti-corruption. (|mw [B.ek]*Y6=vThulcEB'RUm'U:1amtx{{|{t]?~>Xo7\EF >/.nx#V:w [tv^-lqNk{i[|NvAp0tj/ ^I:%bX,u-eaH1*zc8)fAY[{KE"uv4;V8U5;W[:j3* ;a stream Today's low mortgage rates . Statistics on the topic Largest U.S.. Actual outcomes and results may differ materially from those expressed in, or implied by, forward-looking statements. Learn more about our grants and sponsorships along with the Bank of America Charitable Foundation Matching Gifts program and our Volunteer Grants program here. /AIS false The Board also renewed the companys previously announced $25 billion common stock repurchase program. c~1wL$2Ikiv~r3,~PA`E-2SV[;n-62s. n`)cau1eux {AX1GPoCT [ }3)p*XNc!&0tx4@)c;7. RT=Real-Time, EOD=End of Day, PD=Previous Day. July 19, 2021 at 9:00 AM Eastern . Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). For complete information regarding our financials, see our SEC Filings. These materials are for informational purposes only. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. "Risk Factors" of Bank of America's . In billions. May Lose Value. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. We strive to provide you with information about products and services you might find interesting and useful. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America designed the Framework to align to the Green Bond Principles (2021), the Social Bond Principles (2021), and the Sustainability Bond Guidelines (2021) (collectively the "Principles") as administered by the International Capital Market Association acting as Secretariat. Rates. Bank Of America revenue for the quarter ending September 30, 2022 was $30.358B, a 26.45% increase year-over-year. bank of america and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1 . Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). /Type /ExtGState . A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle. (India Branches) Report on the audit of the financial statements Opinion We have audited the financial statements of Bank of America N.A. Annual Percentage Yield (APY) is accurate as of and applies to the initial term of a new Featured CD. As of September 30, 2021, Bank of America's CET1 ratio was 11.1%. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. /F6 6 0 R x]o6@C Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. /Type /Page This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Bank of America Sets Q4-21 Stock Dividend, Renews $25 Billion Repurchase Plan. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Bank Of America total assets for 2021 were $3169.495B, a 12.41% increase from 2020. Since 2007, Bank of America has mobilized more than $350 billion toward climate and environment-related business activities. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. [ ] Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Words such as anticipates, believes, expects, intends, plans, and similar expressions are used to identify forward-looking statements. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. MOST RECENT 2021 Annual Report and Form 10K. Bank of America At a Glance. Bank Of America Corp (BAC) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Bank Of America Corp (BAC) 10-K Annual Report Tue Feb 22 2022 BAC Valuations Earnings Press Release 10-K Annual Report 10-K YoY Changes Annual Proxy Bank Of America Corp CIK: 70858 Ticker: BAC Down payment * $. [1] Lawmakers in Congress should likewise convene to provide oversight over a concerning expansion of its mission undertaken this year. SEC filings for the pre-merger BankAmerica Corporation are not available through this source. Also, it may be suspended at any time. Company goals are aspirational and not guarantees or promises that all goals will be met. Bank of America hiked junior pay despite already being top payer by Sarah Butcher 08 April 2021 Bank of America is the latest bank to hike pay for its juniors. Are Not a Condition to Any Banking Service or Activity. Pillar 3 Regulatory Liquidity Disclosures, Non-U.S. Legal Entity Pillar 3 Disclosures, Prospectus filed pursuant to Rule 424(b)(2), Filing under Securities Act Rules 163/433 of free writing prospectuses, Registration statement for specified transactions by certain issuers, you can opt out of online behavioral advertising. Forward-looking statements represent Bank of Americas current expectations, plans or forecasts of its future results, revenues, expenses, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. Bank of America Mobilized and Deployed $250 Billion in Sustainable Finance Capital in 2021 Company is accelerating its capital mobilization and deployment as part of its $1.5 trillion by 2030 sustainable finance goal that is committed to environmental transition and inclusive social development April 4, 2022 at 7:00 AM Eastern Bank of Americas ability to make capital distributions depends, in part, on its ability to maintain regulatory capital levels above the 9.5% CET1 requirement: the sum of the Federal Reserve Boards regulatory minimum of 4.5% and applicable regulatory buffers; including the Stress Capital Buffer (SCB) of 2.5%; and the Global Systemically Important Bank Holding Company surcharge of 2.5%. Bank of America's return on equity (ROE) - calculated by dividing net income by shareholders' equity - increased significantly in 2021. /SA true >> Certain links may direct you away from Bank of America to an unaffiliated site. Company goals are aspirational and not guarantees or promises that all goals will be met. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Bank Of America total assets for 2020 were $2819.627B, a 15.84% increase from 2019. Member FDIC.Equal Housing Lender Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. endobj You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks discussed under Item 1A. Jonathan Blum, Bank of America (Fixed Income). Bank Of America annual net income for 2020 was $16.473B, a 36.64% decline from 2019. Sheryl Lee, Bank of America Its owner is solely responsible for the websites content, offerings and level of security, so please refer to the websites posted privacy policy and terms of use. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Touch device users, explore by touch or with swipe gestures. ZIP code *. Since then, through the ups and downs of financial growth and crises, it has grown to become one of the "big four" banks in the United States (the others are JPMorgan Chase . Published by Statista Research Department , Sep 9, 2022. /ExtGState << Overview / Commentary. As of 2021, Bank of America was the fourth largest employer in the banking sector in the United States, with employment figure exceeding 133,000 people. www.bankofamerica.com. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. christopher.feeney@bofa.com. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. These statements are not guarantees of its future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of Americas control. >> Bank of America Corporation undertakes no obligation to update or revise any forward-looking statements. [/Pattern /DeviceRGB] The company continues to expand and innovate its environmental sustainable finance activities and offerings, including increased asset-based financing, advisory and capital raising activities for renewable energy and energy efficiency projects; sustainable transportation with an emphasis on electric vehicles and sustainable fuels; sustainable food and agriculture; clean water and sanitation; and carbon capture and voluntary and compliance carbon offset solutions. Certain links may direct you away from Bank of America to an unaffiliated site. Ten years of annual and quarterly financial statements and annual report data for Bank Of America (BAC). Bank of America plans to disclose its 2019 financed emissions baselines for the auto manufacturing, energy and power generation sectors, along with 2020 data, later this year in its Task Force on Climate-Related Disclosures (TCFD) report. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America announced today that it mobilized and deployed approximately $250 billion in sustainable finance activity for 2021, an all-time high and a significant increase over 2020 levels. Bank of America met its carbon neutrality and 100% renewable electricity goals for its operations in 2019, a year ahead of schedule. Bank Of America EPS for the twelve months ending September 30, 2022 was $3.17, a 4.8% decline year-over-year. Company goals are aspirational and not guarantees or promises that all goals will be met. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. 4 0 obj 2021 Annual Report 2022 Proxy Statement Additional Solicitation Materials Additional Solicitation Materials - 2030 Financed Emissions Targets. The Bank of New York Mellon has provided us with the information in the paragraph above in response to the requirements of Regulation AB. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Locations. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The common stock repurchases may be effected through open market purchases or privately negotiated transactions, including repurchase plans that satisfy the conditions of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Home grant programs Its demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. $200 online bonus offer 3% cash back in the category of your choice > Unlimited Cash Rewards No annual fee. In 2021, Bank of America mobilized and deployed approximately $250 billion in sustainable finance activity of which approximately $155 billion was for climate and environmental transition. Total quarterly revenue was $22.8 billionup from $20.1 billion in Q4, 2020. Bank Of America 2021 shares outstanding were 8.558B , a 2.71% decline from 2020. endobj Since 2007, Bank of America has mobilized more than $350 billion toward climate and environment-related business activities. In 2021, Bank of America mobilized and deployed approximately $250 billion in sustainable finance activity of which approximately $155 billion was for climate and environmental transition. Our sustainable finance strategy permeates every aspect of how we deliver for our clients, employees and communities, and we are committed to a more inclusive, net zero society for all. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Income statements, balance sheets, cash flow statements and key ratios. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. This work goes hand in hand with the way we are engaging our clients those that have set their own net zero goals, those working toward future goals, and those that are in the supply chain of companies that have a goal to help ensure a just, stable transition to the sustainable future we all want, said Brian Moynihan, Chief Executive Officer at Bank of America. Certain links may direct you away from Bank of America to an unaffiliated site. Additional environmental, social and governance (ESG) metrics, progress, and disclosures can be found in the companys Annual Report to Shareholders, ESG Performance document, Environmental and Social Risk Policy Framework and Task Force on Climate-related Financial Disclosures. Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. View BAC financial statements in full. Kelly.E.Sapp@bofa.com. Bank Of America net income for the twelve months ending September 30, 2022 was $25.884B, a 10.72% decline year-over-year. Bank of America Corporation makes no representations or warranties with respect to the information contained herein and takes no responsibility for supplementing, updating, or correcting any such information. jonathan.blum@bofa.com, Jerry Dubrowski, Bank of America /Creator ( w k h t m l t o p d f 0 . Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. This ratio is the result of average weighted HQLA of $612 billion divided by average potential net cash outflows over a 30 calendar -day period of $522 billion. lee.mcentire@bofa.com, Jonathan Blum, Bank of America (Fixed Income) /Resources 11 0 R Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Bank of America plans to set targets for other key sectors through 2024 and update targets to include capital markets activities when the methodology is finalized and released by Partnership for Carbon Accounting Financials (PCAF). Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. 2021 Bank of America Annual Report 2020 Human Capital Management View the report For our most recent human capital management updates, review the Bank of America 2021 Annual Report Environmental, Social and Governance (ESG) Reports Learn more about the progress we're making to deliver on our responsible growth strategy through our ESG commitments. /Producer ( Q t 4 . /CA 1.0 BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. 844.375.7027. << As of September 30, 2021, Bank of Americas CET1 ratio was 11.1%. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Bank Of America total assets for the quarter ending September 30, 2022 were $3,072.953B, a 0.4% decline year-over-year. Bank of America Corp. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. /GSa 3 0 R Bank Of America 2019 shares outstanding were 9.443B , a 7.76% . Certain statements contained in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. /Length 10 0 R All SEC Filings :: Bank of America Corporation (BAC) ESG All SEC Filings Overview All SEC Filings Basel Pillar 3 Disclosures Subsidiary & Country Disclosures 1 2 3 4 5 6 7 8 9 10 3026 All SEC filings prior to October 1, 1998 are for the former NationsBank Corporation. 8 . Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Bank of America provides the following banking . The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. For the quarterly period ended September 30, 2021, the Corporation's average daily U.S. LCR was 117.1 percent. Are Not Deposits. /CSpg /DeviceGray 2020 . Our expertise and leadership have helped clients to finance and implement the . The information in this press release is as of the date referenced, subject to change without notice and should be regarded as indicative and for illustrative purposes only. /Title () These materials are for informational purposes only. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. CC},%Fb4&-p8g{UW?WT.Z?m>7}vv~Gjr* When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. 11 0 obj Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Bank of America offers industry-leading support to approximately 3 million small . Bank of America Corporation makes no representations or warranties with respect to the information contained herein and takes no responsibility for supplementing, updating, or correcting any such information. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities. Net income for Q1 2021 was $8.1 billion, an increase of $2.6 billion, or 47%, from the previous quarter. >> Lee McEntire, Bank of America Bank Of America annual revenue for 2021 was $93.851B, a 0.1% increase from 2020. endobj To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Bank Of America 2021 annual EPS was $3.57, a 90.91% increase from 2020. /PCSp 4 0 R The tier 1 common capital ratio is a measure of a bank's core equity capital compared with its total risk-weighted assets. /XObject << SEC filings for the pre-merger BankAmerica Corporation are not available through this source. Museums on Us. In April 2021, the company announced a $1 trillion by 2030 goal to mobilize capital to accelerate the environmental transition, this as part of its $1.5 trillion sustainable finance commitment to support the United Nations Sustainable Development Goals. ESG reporting Our environmental, social and governance (ESG) reporting presents pertinent information about the business of Bank of America in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries and across our eight lines of business. Bank of America is one of the world's leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services. The Company is a registered bank in the Republic of Ireland which is authorised and regulated by the Central Bank of Ireland ("CBI . Certain links may direct you away from Bank of America to an unaffiliated site. 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