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Bank of America Reports First–Quarter 2012 Financial Results
April 19, 2012
CHARLOTTE — Bank of America Corporation today reported net income of $653 million, or $0.03 per diluted share, for the first quarter of 2012. Revenue, net of interest expense, on a fully taxable–equivalent (FTE)1 basis was $22.5 billion, including negative valuation adjustments related to changes in the company's credit spreads of $4.8 billion pretax, or [...]
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Bank of America Announces Agreements in Principle With Federal and State Authorities on Mortgage Matters
February 9, 2012Bank of America Corporation today confirmed it has joined the other four largest mortgage servicers in agreeing in principle to the terms of a global settlement resolving federal and state investigations into certain origination, servicing and foreclosure practices. The settlement with 49 state attorneys general, the United States Department of Justice and other federal agencies [...]
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Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion, or $0.15 Per Diluted Share; Full-Year 2011 Net Income of $1.4 Billion, or $0.01 Per Diluted Share
January 19, 2012CHARLOTTE — Bank of America Corporation today reported net income of $2.0 billion, or $0.15 per diluted share, for the fourth quarter of 2011, compared with a net loss of $1.2 billion, or $0.16 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)1 basis rose 11 percent [...]
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Bank of America Will Not Implement Debit Usage Fee
November 1, 2011In response to customer feedback and the changing competitive marketplace, Bank of America no longer intends to implement a debit usage fee. “We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” said David Darnell, co-chief operating officer. “Our customers’ voices are [...]
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Bank of America Reports Third-Quarter 2011 Net Income of $6.2 Billion, or $0.56 Per Diluted Share
October 18, 2011Credit Costs Continue to Decrease With Net Charge-Offs Declining Across Most Portfolios Strong Capital Generation With Tier 1 Common Equity Ratio at 8.65 Percent Average Deposit Balances Increased for the Fourth Consecutive Quarter Growth in Corporate Banking Average Core Loan Balance Across All Regions Bank of America Merrill Lynch (BAML) Was Ranked No. 2 Globally [...]
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