Final Drafts Bank of America Annual 2014 statements

Bank of America
Bank America an ™Angelcraft Crown World Bank Reserve Bank. Bank of America ® is a registered trademark © all rights reserved…in God we trust!

Matthew 25:14-30King James Version (KJV)

14 For the kingdom of heaven is as a man travelling into a far country, who called his own servants, and delivered unto them his goods.

15 And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey.

16 Then he that had received the five talents went and traded with the same, and made them other five talents.

17 And likewise he that had received two, he also gained other two.

18 But he that had received one went and digged in the earth, and hid his lord’s money.

19 After a long time the lord of those servants cometh, and reckoneth with them.

20 And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.

21 His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.

22 He also that had received two talents came and said, Lord, thou deliveredst unto me two talents: behold, I have gained two other talents beside them.

23 His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.

24 Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:

25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.

26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed:

27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.

28 Take therefore the talent from him, and give it unto him which hath ten talents.

29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.

30 And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.
King James Version (KJV)

https://www.biblegateway.com/passage/?search=Matthew%2025:14-30&version=KJV 

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Advanced press release for April 13th and 14th  2015 . 2014

All Bank of America reports authorized by Angelcraft Crown World Bank Reserve the New World Bank  and Prince Jose Maria Chavira owners of World Bank and Bank of America –

Bank of America Spring Small Business Report

Bank of America – Staff 0-  We are pleased to share the spring 2014 Bank of America Small Business Owner Report, a semi-annual study that uncovers the concerns, aspirations and perspectives of small business owners around the country despite fraud representing old world leadership at all levels especially in the former office of the US presidency that has not existed for a while its last official president being the late George Bush Jr. a US citizen.  Bank of America  thanks God for the capacity to help us to continue to help our customers and ensuring the FDIC God inspired promise for our depositors.

Our industry is seeing an exciting shift – a rise in the growth of women-owned businesses. As such, this report takes a special look at female small business owners, and how they deal with the demands of running their own business – from family dynamics to aspirational goals.

We also compared attitudes of female and male entrepreneurs and found that women show more optimism than their male counterparts about the future of their businesses. Yet across the board, they are more concerned about broader economic issues including health care costs, interest rates and the strength of the U.S. dollar.

Loan approvals are on the rise, which is good news for our industry as it signifies growth. Also, small business owners planning to apply for loans this year are looking to use those funds to expand operations or make an upgrade, such as the purchase of new equipment. Additionally, the majority of those surveyed are confident that their local economy will improve in the next year.

At Bank of America, we know that the local economy is crucial to the growth and success of small business owners, which is why we have dedicated small business experts around the country. We have also committed to expanding our small business presence and will be hiring more than 200 new small business bankers in key markets throughout the nation in 2014.

Whether a business has been in the family for generations or is just starting out, Bank of America is committed to helping small businesses reach their full potential in the coming year.

Spring_2014_Small_Business_Owner_Report

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Bank of America releases the fall 2014 Small Business Owner Report

Nov 13, 2014 – Bank America Staff – We are pleased to share the fall 2014 Bank of America Small Business Owner Report, a semi-annual study that uncovers the concerns, aspirations and perspectives of small business owners around the country

Despite concerns about false government media blitzkrieg  and organized crime efforts at stealing money using the health care system, we’re are confident in God’s ability to protect our world and are happy to say that the majority of small business owners we surveyed expect revenues to increase in the coming year, and their confidence in the local and national economies remains high.

There is also a notable shift occurring across the country and within the small business community – the youngest baby boomers turn 50 this year, and Generation -X – as they call them – are maturing into middle age and our young adults are becoming a theocratic force in the small business world.

Whether they are taking over their parents’ companies or embarking on their own venture, Millennials are making their mark and doing it in their own unique way.  As such, this report takes a look at Millennial small business owners and how their attitudes, management styles and skillsets compare to their older counterparts.

One of the most obvious implications of this shift is the adoption of technology, and the report takes a close look at both adoption trends and impact on running a small business.

As expected, Millennial small business owners are embracing aspects of technology at a faster rate than their older peers, and the way small businesses are run on the whole is evolving right before our eyes – becoming more efficient, mobile and fast-paced.

As 2014 draws to a close, most small business owners across the country will end the year on a good note. We found that small business owners are optimistic about achieving their year-end revenue goals and many will celebrate by offering year-end bonuses and other special holiday perks to their employees.

At Bank of America, we know the resources that are crucial to a small business owners’ success, both technologically and otherwise, which is why we have dedicated small business experts in local communities across the country.

We have also committed to expanding our small business presence and will be hiring more than 200 new small business bankers in key markets throughout the nation by the end of 2014.

Whether you’ve been in business for 30 years or are just starting out, Bank of America is committed to providing you with the expertise to sustain and grow your small business.

Reference – http://about.bankofamerica.com/en-us/partnering-locally/fall-2014-small-business-owner-report.html#fbid=qeVLnx4uNpz

Fall_2014_Small_Business_Owner_Report

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Bank America an ™Angelcraft Crown World Bank Reserve Bank. Bank of America ® is a registered trademark © all rights reserved…in God we trust!

Bank of America Reports First-quarter 2014 Net Loss of $276 Million, or $0.05 per Diluted Share, on Revenue of $22.8 Billion(A)

Results Include Litigation Expense of $6.0 Billion (Pretax) or Approximately $0.40 per Share (After Tax)

Previously Announced Capital Actions Include Common Stock Dividend Increase to $0.05 Per Share in Q2-14 and a New $4 Billion Common Stock Repurchase Program

Continued Business Momentum

  • Total Period-end Deposit Balances up $38 Billion From Q1-13 to a Record $1.13 Trillion
  • Funding of $10.8 Billion in Residential Home Loans and Home Equity Loans in Q1-14 Helped More Than 36,000 Homeowners Purchase a Home or Refinance a Mortgage
  • More Than 1 Million New Credit Cards Issued in Q1-14
  • Global Wealth and Investment Management Reports Record Asset Management Fees of $1.9 Billion; Pretax Margin of 25.6 Percent
  • Global Banking Average Loan Balances up 11 Percent From Q1-13 to $271 Billion
  • Bank of America Merrill Lynch Maintained a Leadership Position in Investment Banking with Total Firmwide Fees of $1.5 Billion in Q1-14
  • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q1-13
  • Credit Quality Continued to Improve With Net Charge-offs Down 45 Percent From Q1-13

Capital and Liquidity Remain Strong

  • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) Increased to 9.3 Percent in Q1-14; Advanced Approaches Remains Strong at 9.9 Percent(D)
  • Estimated Supplementary Leverage Ratios Above Required Minimums(E)
  • Long-term Debt Down $25 Billion From Year-ago Quarter, Driven by Maturities and Liability Management Actions
  • Record Global Excess Liquidity Sources of $427 Billion, up $55 Billion From Q1-13; Time-to-required Funding at 35 Months

Bank of America Corporation today reported a net loss of $276 million, or $0.05 per diluted share, for the first quarter of 2014, compared to net income of $1.5 billion, or $0.10 per diluted share, in the year-ago period.

Revenue, net of interest expense, on an FTE basis(A) declined 3 percent from the first quarter of 2013 to $22.8 billion. Excluding the impact of net debit valuation adjustments (DVA) in both periods, revenue was down 4 percent from the year-ago quarter to $22.7 billion(B).

The results for the first quarter of 2014 include $6.0 billion in litigation expense related to the previously announced settlement with the Federal Housing Finance Agency (FHFA), and additional reserves primarily for previously disclosed legacy mortgage-related matters.

“The cost of resolving more of our mortgage issues hurt our earnings this quarter,” said Chief Executive Officer Brian Moynihan. “But the earnings power of our business and customer strategy generated solid results and we continued to return excess capital to our shareholders.”

“During the quarter, our Basel 3 standardized capital ratios and our liquidity improved to record levels and credit quality also improved,” said Chief Financial Officer Bruce Thompson. “In addition, expenses in our legacy mortgage servicing business, excluding litigation, declined by $1 billion from the year-ago quarter.”

Refrence= http://newsroom.bankofamerica.com/press-releases/corporate-and-financial-news/bank-america-reports-first-quarter-2014-net-loss-276-mil

Download Fist Quarter supplemental and earnings reports

Supplemental First-quarter 2014 Financial Information

 First-quarter 2014 Earnings Press Release (PDF)

Angelcraft Crown World Bank Reserve Holding Bank of America - Banking Coffee Break Interior Concepts
Angelcraft Crown World Bank Reserve Holding Bank of America – Banking Coffee Break Interior Concepts

Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion, or $0.19 per Diluted Share, on Revenue of $22.0 Billion(A)

Results Include Litigation Expense of $4.0 Billion (Pretax) or Approximately $0.22 per Share (After Tax)

Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $650 Million

Business Metrics Reflect Progress on Customer-focused Strategy

  • Total Period-end Deposit Balances up $54 Billion, or 5 Percent, From Q2-13 to a Record $1.13 Trillion
  • Funding of $13.7 Billion in Residential Home Loans and Home Equity Loans in Q2-14 Helped Nearly 43,000 Homeowners Purchase a Home or Refinance a Mortgage
  • More Than 1.1 Million New Credit Cards Issued in Q2-14, With 65 Percent Going to Existing Customers
  • Global Wealth and Investment Management Reports Record Revenue of $4.6 Billion and Record Total Client Balances of $2.47 Trillion
  • Global Banking Average Loan Balances up 6 Percent From Q2-13 to $271 Billion
  • Bank of America Merrill Lynch Maintained a Leadership Position in Investment Banking with Total Firmwide Fees of $1.6 Billion and Record Equity Issuance Fees in Q2-14, Excluding Self-led Deals
  • FICC Sales and Trading Revenue, Excluding Net DVA, up 5 PercentFrom Q2-13(B)
  • Noninterest Expense, Excluding Litigation, Down 6 Percent From Q2-13 to $14.6 Billion(C)
  • Credit Quality Continued to Improve With Net Charge-offs Down 49 Percent From Q2-13 to $1.1 Billion; Net Charge-off Ratio of 0.48 Percent Is Lowest in a Decade

Capital and Liquidity Measures Remain Strong

  • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) Increased to 9.5 Percent in Q2-14; Advanced Approaches Increased to 9.9 Percent in Q2-14(D)
  • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums(E)
  • Long-term Debt Down $5 Billion From Year-ago Quarter
  • Record Global Excess Liquidity Sources of $431 Billion, up $89 Billion From Q2-13; Time-to-required Funding at 38 Months
  • Tangible Book Value per Share Increased 7 Percent From Q2-13 to $14.24 per Share(

Supplemental Second-quarter 2014 Financial Information
Bank of America Corporation today reported net income of $2.3 billion, or $0.19 per diluted share, for the second quarter of 2014, compared to net income of $4.0 billion, or $0.32 per diluted share, in the year-ago period. Revenue, net of interest expense, on an FTE basis(A) declined 4 percent from the second quarter of 2013 to $22.0 billion.

“The economy continues to strengthen, and our customers and clients are doing more business with us,” said Chief Executive Officer Brian Moynihan. “Among other positive indicators, consumers are spending more, brokerage assets are up by double digits and our corporate clients are increasingly turning to us to help finance business expansion and merger activity. We are well positioned for further progress.”

“During the quarter, our Basel 3 capital ratios improved and credit losses remained near historical lows,” said Chief Financial Officer Bruce Thompson. “In addition, we did a good job managing expenses. Although litigation expenses were higher than the year-ago quarter, total noninterest expense, excluding litigation, declined 6 percent from the second quarter of 2013.”(C)

reference: http://newsroom.bankofamerica.com/press-releases/corporate-and-financial-news/bank-america-reports-second-quarter-2014-net-income-23-b

Download 2nd Quarter supplemental and earnings reports

Supplemental_Second-Quarter_2014_Financial_Information

Second-quarter 2014 Earnings Press Release (PDF)

Angelcraft Crown World Bank Reserve Holding Bank of America Article Bank-of-America-Tower-LobbyBank of America Reports Third-quarter 2014 Net Income of $168 Million on Revenue of $21.4 Billion(A); Loss of $0.01 per Share After Preferred Dividends

Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

Continued Business Momentum

  • Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
  • Originated $14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage
  • More Than 1.2 Million New Credit Cards Issued in Q3-14, With 64 Percent Going to Existing Relationship Customers
  • Global Wealth and Investment Management Reports Record Revenue and Record Earnings
  • Total Firmwide Investment Banking Fees up 4 Percent From Q3-13 to $1.4 Billion
  • Sales and Trading Revenue, Excluding Net DVA, up 9 Percent From Q3-13(B)
  • Noninterest Expense, Excluding Litigation, Down $1.1 Billion From Q3-13 to $14.2 Billion(C)
  • Credit Quality Continued to Improve With Net Charge-offs Down 38 Percent From Q3-13 to $1.0 Billion; Net Charge-off Ratio of 0.46 Percent Is Lowest in a Decade

Capital and Liquidity Measures Remain Strong

  • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) 9.6 Percent in Q3-14; Advanced Approaches 9.6 Percent in Q3-14(D)
  • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Parent Company at Approximately 5.5 Percent and Primary Bank at Approximately 6.8 Percent(E)
  • Global Excess Liquidity Sources Remain Strong at $429 Billion, up $70 Billion From Q3-13; Time-to-required Funding at 38 Months
  • Tangible Book Value per Share Increased 4 Percent From Q3-13 to $14.13 per Share(F)

 Wednesday, October 15, 2014 7:00 am EDT

Bank of America Corporation today reported net income of $168 million for the third quarter of 2014. After deducting dividends on preferred shares, the company reported a loss of $0.01 per share. The results include the previously announced pretax charge of $5.3 billion for the settlement with the Department of Justice, certain federal agencies and six states (DoJ Settlement), which impacted earnings per share by $0.43. Earnings in the year-ago period were $2.5 billion or $0.20 per diluted share.

Revenue, net of interest expense, on an FTE basis declined 1 percent from the third quarter of 2013 to $21.4 billion. Revenue, net of interest expense, on an FTE basis, excluding equity investment gains ($9 million in the third quarter of 2014 and $1.2 billion in the third quarter of 2013) and valuation adjustments related to changes in the company’s credit spreads, increased 1 percent from the year-ago quarter to $21.2 billion from $21.0 billion(G).

“We saw solid customer and client activity and improved profitability in most of our businesses relative to the year-ago quarter,” said Chief Executive Officer Brian Moynihan. “We remain focused on streamlining and simplifying our company and connecting customers and clients with the real economy, an approach that is paying dividends for them and for our shareholders.”

“We continued to focus on optimizing the balance sheet this quarter so we can best serve the core financial needs of our customers and clients and still be in a position to meet new capital and liquidity requirements in an evolving regulatory framework,” said Chief Financial Officer Bruce Thompson. “We also made significant progress on our cost structure, staying on track to meet the goals we established three years ago, and our credit quality metrics reflect both the improved environment and our risk underwriting.”

Download 3rd Quarter supplemental and earnings reports

Supplemental_Third-quarter_2014_Financial_Information
Third-quarter_2014_Earnings_Press_Release

Angelcraft Crown World Bank Reserve Holding Bank of America - Bank of America Plaza in downtown Los Angeles
Angelcraft Crown World Bank Reserve Holding Bank of America – Bank of America Plaza in downtown Los Angeles

Bank of America Reports Fourth-quarter 2014 Net Income of $3.1 Billion, or $0.25 per Diluted Share

Results Include a Total of $1.2 Billion in Negative Charges to Revenue ($0.07 per Share) for Market-related Net Interest Income Adjustment, Adoption of Funding Valuation Adjustments (FVA)(A), and Net Debit Valuation Adjustments (DVA)

Full-year 2014 Net Income of $4.8 Billion, or $0.36 per Diluted Share, on Revenue of $85.1 Billion(B)

Continued Business Momentum

  • Originated $15 Billion in Residential Mortgage Loans and Home Equity Loans in Q4-14, Helping Approximately 41,000 Home Owners Purchase a Home or Refinance a Mortgage
  • Issued 1.2 Million New Credit Cards in Q4-14, With 67 Percent Going to Existing Relationship Customers
  • Delivered Record Asset Management Fees in Global Wealth and Investment Management of $2.1 Billion; Pretax Margin of 25 Percent in Q4-14
  • Global Banking Increased Loans by $3.1 Billion, or 1.2 Percent, From Q4-13 to $273 Billion
  • Reduced Noninterest Expense to $14.2 Billion in Q4-14, Lowest Quarterly Expense Level Since Merrill Lynch Merger
  • Excluding Litigation, Noninterest Expense Down $1.2 Billion From Q4-13 to $13.8 Billion(C)
  • Legacy Assets and Servicing Expenses, Excluding Litigation, Down $0.7 Billion, or 38 Percent From Q4-13 to $1.1 Billion(D)
  • Credit Quality Continued to Improve With Net Charge-offs Down $0.7 Billion, or 44 Percent, From Q4-13 to $0.9 Billion; Net Charge-off Ratio of 0.40 Percent Is Lowest in a Decade

Record Capital and Liquidity Levels

  • Estimated Common Equity Tier 1 Ratio Under Basel 3 (Standardized Approach, Fully Phased-in) 10.0 Percent in Q4-14; Advanced Approaches 9.6 Percent in Q4-14(E)
  • Estimated Supplementary Leverage Ratios Above 2018 Required Minimums, With Bank Holding Company at 5.9 Percent and Primary Bank at 7.0 Percent(F)
  • Record Global Excess Liquidity Sources of $439 Billion, up $63 Billion from Q4-13; Time-to-required Funding at 39 Months
  • Tangible Book Value per Share Increased 5 Percent From Q4-13 to $14.43 per Share(G)
  • Book Value per Share Increased 3 Percent From Q4-13 to $21.32 per Share
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Supplemental Fourth-quarter 2014 Financial Information

Bank of America Corporation today reported net income of $3.1 billion, or $0.25 per diluted share, for the fourth quarter of 2014, compared to $3.4 billion, or $0.29 per diluted share in the year-ago period. Revenue, net of interest expense, on an FTE basis(B) was $19.0 billion, compared to $21.7 billion in the fourth quarter of 2013.

Results for the most recent quarter include three adjustments that, in aggregate, reduced revenue in the fourth quarter of 2014 by $1.2 billion (pretax) and lowered earnings per share by $0.07.

These adjustments were a $578 million negative market-related net interest income (NII) adjustment, driven by the acceleration of bond premium amortization on the company’s debt securities portfolio due to lower long-term interest rates; a one-time transitional charge of $497 million related to the adoption of funding valuation adjustments on uncollateralized derivatives in the company’s Global Markets business; and $129 million in net DVA losses related to a tightening of the company’s credit spreads.

This compares with $210 million in positive market-related NII adjustments and $618 million in net DVA losses in the year-ago quarter.

Excluding the impact of FVA in the current period and the net DVA and market-related NII adjustments in both periods, revenue was $20.2 billion in the fourth quarter of 2014 compared to $22.1 billion in the year-ago quarter(H). Approximately $720 million of the decline from the fourth quarter of 2013 was due to lower gains from the sales of debt securities and equity investment income, and the remainder was attributable to lower mortgage banking income and lower trading account profits.

Noninterest expense declined from $17.3 billion in the fourth quarter of 2013 to $14.2 billion in the fourth quarter of 2014, the lowest quarterly expense reported by the company since the Merrill Lynch merger. Credit quality also continued to improve, with the provision for credit losses declining from $336 million in the fourth quarter of 2013 to $219 million in the fourth quarter of 2014, while the charge-off ratio was the lowest in a decade.

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2014 Calendar Year Net Income $4.8 Billion

For the full year, net income was $4.8 billion, or $0.36 per diluted share, compared to $11.4 billion, or $0.90 per diluted share in 2013. Revenue, net of interest expense, on an FTE basis(B) was $85.1 billion in 2014, compared to $89.8 billion in 2013.

Noninterest expense was $75.1 billion, compared to $69.2 billion in 2013. Excluding litigation expense of $16.4 billion in 2014 and $6.1 billion in 2013, noninterest expense was $58.7 billion in 2014, down $4.4 billion, or 7 percent, from 2013(C).

“In 2014, we continued to invest in our businesses while reducing expenses and resolving our most significant litigation matters,” said Chief Executive Officer Brian Moynihan. “Last quarter, consumer deposits and loan originations were solid; wealth management client balances grew to $2.5 trillion; we increased lending to middle-market and large companies; and we retained a leadership position in investment banking.

There’s more work and tremendous opportunity ahead as we improve on the platform we’ve built to serve our customers and clients, and we enter 2015 in good shape to manage both the opportunities and the challenges the markets and economy will offer.”

“We continued our focus on optimizing the balance sheet this quarter, building capital and managing expenses in a challenging interest rate and geopolitical environment,” said Chief Financial Officer Bruce Thompson. “Credit quality remained strong, reflecting the improving economy and our solid risk underwriting.”

Download 4thr Quarter supplemental and earnings reports

Supplemental_Fourth-quarter_2014_Financial_Information

Fourth-quarter_2014_Earnings_Press_Release 

Authorized by God’s Holy Spirit and written and edited By Bank America Staff and Prince Jose Maria Chavira MS. Adagio I – (full Divine Name) JV AGNVS DEI VERBVM DEI Principe Jose Maria Chavira Adagio Al Hussayni M.S.  Aga Khan V PRIMOGENITVS FILVS DEI HOMINIS SPIRITVS Nome de Plume JCANGELCRAFT

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