Bank of America Corporation
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
14 oct 2015 - 17:41
Statutory name
Bank of America Corporation
Title
BANK OF AMERICA CORPORATION FILED A FORM 8-K
Comments
CHARLOTTE, N.C.– (BUSINESS WIRE) – October 14, 2015 – Bank of America Company (the
"Corporation") today 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 October 14, 2015, announcing
financial results for the third quarter ended September 30, 2015, reporting third quarter net
income of $4.5 billion or $0.37 per diluted share, for the second quarter of 2015, compared to a
net loss of $232 million, or $0.04 per share, in the year-ago period.
Revenue, net of interest expense, on a fully taxable-equivalent (FTE) basis, was $20.9 billion,
down $521 million from the third quarter of 2014. This was largely driven by higher negative
market-related adjustments on the company's debt securities portfolio due to lower long-term
interest rates, partially offset by higher positive net debit valuation adjustments (DVA), compared
to the year-ago quarter. The current quarter included $597 million in negative market-related
adjustments and $313 million in positive net DVA.
Net interest income, on an FTE basis, was $9.7 billion in the third quarter of 2015, down 7
percent, or $702 million, from the year-ago quarter. Excluding the impact of market-related
adjustments, net interest income was $10.3 billion in the third quarter of 2015, compared to $10.0
billion in the prior quarter and $10.5 billion in the year-ago quarter. The decline from the third
quarter of 2014 was driven by lower consumer loan balances and lower yields, partially offset by
commercial loan growth and lower long-term debt balances.
Date last update: 08 April 2026