Bank of America Provides Estimates From 2015 Stress Test Results
March 05 2015 - 5:17PM
Business Wire
Bank of America today released the results of its 2015 stress
test. Under the Dodd-Frank Act, systemically important institutions
are required to conduct an annual stress test and publish the
results.
The Federal Reserve conducts its own test and announces its
results at the same time. Bank of America’s estimates may differ
from the Federal Reserve’s estimates. In addition, they do not
include the impact of potential capital actions in excess of the
company’s current common share dividends1 (and contractually
obligated payments on other regulatory capital instruments) and
should not be regarded as forecasts of actual financial results for
either Bank of America or its selected subsidiaries. Investors in
securities issued by Bank of America should not rely on the stress
test results as being indicative of expected future results.
Bank of America’s results can be found on the company’s Investor
Relations website at http://investor.bankofamerica.com.
1 The calculation of common stock dividends according to the
DFAST instructions is equal to the quarterly average dollar amount
of common stock dividends paid in the previous year (that is, the
initial quarter (fourth-quarter 2014) of the planning horizon and
the preceding three calendar quarters).
Bank of AmericaBank of America is one of the world's largest
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. The company provides
unmatched convenience in the United States, serving approximately
48 million consumer and small business relationships with
approximately 4,800 retail banking offices and approximately 15,800
ATMs and award-winning online banking with 31 million active users
and approximately 17 million mobile users. Bank of America is among
the world's leading wealth management companies and is a global
leader in 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
offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations in more than 40 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank of America
news.
www.bankofamerica.com
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Jonathan Blum, Bank of America (Fixed Income),
1.212.449.3112Reporters May Contact:Jerry Dubrowski, Bank of
America, 1.980.388.2840jerome.f.dubrowski@bankofamerica.com
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