8-K

As filed with the Securities and Exchange Commission on July 16, 2014

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

July 16, 2014

BANK OF AMERICA CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-6523	56-0906609
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

100 North Tryon Street

Charlotte, North Carolina 28255

(Address of principal executive offices)

(704) 386-5681

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 16, 2014, Bank of America Corporation (the "Corporation") announced financial results for the second quarter ended June 30, 2014, reporting second quarter net income of $2.3 billion, or $0.19 per diluted share. A copy of the press release announcing the Corporation's results for the second quarter ended June 30, 2014 (the "Press Release") is attached hereto as Exhibit 99.1 and is incorporated by reference in this Item 2.02. The Press Release is available on the Corporation's website.

The information provided in Item 2.02 of this report, including Exhibit 99.1, shall be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

ITEM 7.01. REGULATION FD DISCLOSURE.

On July 16, 2014, the Corporation will hold an investor conference call and webcast to discuss financial results for the second quarter ended June 30, 2014, including the Press Release and other matters relating to the Corporation.

The Corporation has also made available on its website presentation materials containing certain historical and forward-looking information relating to the Corporation (the "Presentation Materials") and materials that contain additional information about the Corporation's financial results for the quarter ended June 30, 2014 (the "Supplemental Information"). The Presentation Materials and the Supplemental Information are furnished herewith as Exhibit 99.2 and Exhibit 99.3, respectively, and are incorporated by reference in this Item 7.01. All information in Exhibits 99.2 and 99.3 is presented as of the particular date or dates referenced therein, and the Corporation does not undertake any obligation to, and disclaims any duty to, update any of the information provided.

The information provided in Item 7.01 of this report, including Exhibits 99.2 and 99.3, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall the information or Exhibits 99.2 or 99.3 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit 99.1 is filed herewith. Exhibits 99.2 and 99.3 are furnished herewith.

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
99.1	The Press Release
99.2	The Presentation Materials
99.3	The Supplemental Information

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BANK OF AMERICA CORPORATION
By:	/s/ Neil A. Cotty
	Neil A. Cotty
	Chief Accounting Officer

Dated: July 16, 2014

INDEX TO EXHIBITS

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
99.1	The Press Release
99.2	The Presentation Materials
99.3	The Supplemental Information

EX-99.1

July 16, 2014

Investors May Contact:

Lee McEntire, Bank of America, 1.980.388.6780

Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112

Reporters May Contact:

Jerry Dubrowski, Bank of America, 1.980.388.2840

jerome.f.dubrowski@bankofamerica.com

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 Percent From 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^(F) 

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CHARLOTTE — 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)

Selected Financial Highlights

	Three Months Ended
(Dollars in millions, except per share data)	June 30 2014		March 31 2014			June 30 2013
Net interest income, FTE basis1	$	10,226	$	10,286		$	10,771
Noninterest income	11,734		12,481			12,178
Total revenue, net of interest expense, FTE basis1	21,960		22,767			22,949
Provision for credit losses	411		1,009			1,211
Noninterest expense2	18,541		22,238			16,018
Net income (loss)	$	2,291	$	(276	)	$	4,012
Diluted earnings (loss) per common share	$	0.19	$	(0.05	)	$	0.32

¹  Fully taxable-equivalent (FTE) basis is a non-GAAP financial measure. For reconciliations to GAAP financial measures, refer to pages 22-24 of this press release. Net interest income on a GAAP basis was $10.0 billion, $10.1 billion and $10.5 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Total revenue, net of interest expense, on a GAAP basis was $21.7 billion, $22.6 billion and $22.7 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

²  Noninterest expense includes litigation expense of $4.0 billion, $6.0 billion and $0.5 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

Net interest income, on an FTE basis, declined 5 percent from the year-ago quarter to $10.2 billion^(A). The decline was driven by lower yields on debt securities due to a $528 million change in market-related premium amortization expense. Excluding these market-related adjustments, net interest income was relatively stable at $10.4 billion for both periods and the net interest margin was 2.26 percent in the second quarter of 2014, compared to 2.28 percent in the second quarter of 2013^(A).

Noninterest income was down 4 percent from the year-ago quarter, driven primarily by year-over-year declines in mortgage banking income and equity investment income. The provision for credit losses declined66 percent from the second quarter of 2013 to $411 million, driven by improved credit quality. Net charge-offs declined49 percent from the second quarter of 2013 to $1.1 billion, with the net charge-off ratio falling to 0.48 percent in the second quarter of 2014 from 0.94 percent in the year-ago quarter. During the second

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quarter of 2014, the reserve release was $662 million, compared to a reserve release of $900 million in the second quarter of 2013.

Noninterest expense was $18.5 billion, compared to $16.0 billion in the year-ago quarter, driven by higher mortgage-related litigation expense, partially offset by reduced personnel expense. Substantially all litigation expense incurred in the second quarter of 2014 related to previously disclosed legacy mortgage-related matters. Excluding litigation expense, noninterest expense declined 6 percent from the year-ago quarter to $14.6 billion, reflecting continued progress by the company to realize cost savings in its Legacy Assets and Servicing business as well as Project New BAC^(C).

The effective tax rate of 18.0 percent for the second quarter of 2014 was driven by the impact of recurring tax preference benefits on the lower level of pretax income. The effective tax rate for the second quarter of 2013 of 27.0 percent was primarily driven by recurring tax preference benefits and an increase in tax benefits from the 2012 non-U.S. restructurings.

At June 30, 2014, the company had 233,201 full-time employees, down9 percent from the year-ago quarter and 2 percentbelow the first quarter of 2014.

AIG Settlement

On July 15, 2014, Bank of America executed a definitive settlement agreement with AIG to resolve all outstanding residential mortgage-backed securities (RMBS) litigation between the parties. Under the terms of the settlement, AIG will file notices of dismissal in its securities lawsuits against Bank of America and its affiliates pending in California and New York federal courts. Also, AIG has agreed to withdraw its objection to the Bank of New York Mellon private-label securities settlement (Article 77 Proceeding).

The AIG settlement amount of $650 million was covered by litigation reserves as of June 30, 2014. Bank of America has now resolved approximately 95 percent of the unpaid principal balance of all RMBS as to which RMBS securities litigation has been filed or threatened for all Bank of America-related entities.

In addition, the parties agreed to settle three actions brought by Bank of America seeking to collect mortgage insurance proceeds due from AIG’s United Guaranty mortgage insurance subsidiaries on legacy Bank of America originated and serviced loans. 

Business Segment Results

The company reports results through five business segments: Consumer and Business Banking (CBB), Consumer Real Estate Services (CRES), Global Wealth and Investment Management (GWIM), Global Banking, and Global Markets, with the remaining operations recorded in All Other.

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Consumer and Business Banking (CBB)

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Total revenue, net of interest expense, FTE basis	$	7,373		$	7,438		$	7,434
Provision for credit losses	534			812			967
Noninterest expense	4,000			3,963			4,184
Net income	$	1,788		$	1,666		$	1,391
Return on average allocated capital1	24.3		%	22.9		%	18.6		%
Average loans	$	160,240		$	162,061		$	163,593
Average deposits	543,566			534,557			522,244
At period-end
Brokerage assets	$	105,926		$	100,206		$	84,182

¹  Return on average allocated capital is a non-GAAP financial measure. The company believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate this measure differently. For reconciliation to GAAP financial measures, refer to pages 22-24 of this press release.

Business Highlights

• Average deposit balances increased$21.3 billion, or 4 percent, from the year-ago quarter to $543.6 billion. The increase was primarily driven by growth in liquid products in the current low-rate environment.

• Client brokerage assets increased$21.7 billion, or 26 percent, from the year-ago quarter to $105.9 billion, driven by increased market valuation and account flows.

• Credit card issuance remained strong with the company issuing 1.1 million new credit cards in the second quarter of 2014, up18 percent from the year-ago quarter. Approximately 65 percent of these cards went to existing customers.

• The number of mobile banking customers increased17 percent from the year-ago quarter to 15.5 million users, with 10 percent of customer deposit transactions using mobile devices.

• Return on average allocated capital was 24.3 percent in the second quarter of 2014, compared to 18.6 percent in the second quarter of 2013.

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Financial Overview

Consumer and Business Banking reported net income of $1.8 billion, up$397 million, or 29 percent, from the year-ago quarter, reflecting lower provision for credit losses and continued progress on the company's strategy of deepening relationships and reducing costs by optimizing the delivery network. Revenue was relatively stable compared to the year-ago quarter as higher service charge income was offset by lower net interest income and slightly lower card income.

The provision for credit losses decreased$433 million from the year-ago quarter to $534 million, reflecting continued improvement in credit quality. Noninterest expense decreased4 percent, or $184 million, from the year-ago quarter to $4.0 billion, driven by lower operating, litigation and personnel expenses. Network optimization continued with the reduction of another 72 banking centers through sales and closures during the second quarter of 2014.

Consumer Real Estate Services (CRES)

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Total revenue, net of interest expense, FTE basis	$	1,390		$	1,192		$	2,115
Provision for credit losses	(20		)	25			291
Noninterest expense1	5,902			8,129			3,383
Net loss	$	(2,802	)	$	(5,027	)	$	(930	)
Average loans and leases	88,257			88,914			90,114
At period-end
Loans and leases	$	88,156		$	88,355		$	89,257

¹ Noninterest expense includes litigation expense of $3.8 billion, $5.8 billion and $219 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013.

Business Highlights

• Bank of America funded $13.7 billion in residential home loans and home equity loans during the second quarter of 2014, helping nearly 43,000 homeowners either refinance an existing mortgage or purchase a home. This included more than 5,500 first-time homebuyer mortgages and more than 13,800 mortgages to low- and moderate-income borrowers.

• The number of 60+ days delinquent first mortgage loans serviced by Legacy Assets and Servicing (LAS) declined 5 percent during the second quarter of 2014 to 263,000 loans from 277,000 loans at the end of the first quarter of 2014, and declined 47 percent from 492,000 loans at the end of the second quarter of 2013.

• Noninterest expense in LAS, excluding litigation, declined to $1.4 billion in the second quarter of 2014 from $1.6 billion in the first quarter of 2014 and $2.3 billion in the year-ago quarter as the company continued to focus on reducing the number of delinquent mortgage loans in its portfolio^(G).

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Financial Overview

Consumer Real Estate Services reported a net loss of $2.8 billion for the second quarter of 2014, compared to a net loss of $930 million for the same period in 2013, driven largely by a $3.6 billion increase in litigation expense. Revenue declined$725 million from the second quarter of 2013 to $1.4 billion, driven primarily by lower core production revenue due to fewer loan originations as well as lower servicing income, primarily due to a smaller servicing portfolio.

CRES first-mortgage originations declined59 percent in the second quarter of 2014 compared to the same period in 2013, reflecting a decline in overall market demand for refinance mortgages. Core production revenue decreased$542 million from the year-ago quarter to $318 million due primarily to lower volume and a reduction in revenues from sales of loans that had returned to performing status.

The provision for credit losses decreased$311 million from the year-ago quarter to a provision benefit of $20 million due to the continued improvement in portfolio trends.

Noninterest expense increased$2.5 billion from the year-ago quarter to $5.9 billion, due to a $3.6 billion increase in litigation expense, partially offset by lower LAS default-related staffing and other default-related servicing expenses, and lower Home Loans expenses as refinance demand slowed.

Global Wealth and Investment Management (GWIM)

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Total revenue, net of interest expense, FTE basis	$	4,589		$	4,547		$	4,499
Provision for credit losses	(8		)	23			(15		)
Noninterest expense	3,447			3,359			3,270
Net income	$	724		$	729		$	759
Return on average allocated capital1	24.3		%	24.7		%	30.6		%
Average loans and leases	$	118,512		$	115,945		$	109,589
Average deposits	240,042			242,792			235,344
At period-end (dollars in billions)
Assets under management	$	878.7		$	841.8		$	743.6
Total client balances2	2,468.2			2,395.8			2,215.1

¹  Return on average allocated capital is a non-GAAP financial measure. The company believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate this measure differently. For reconciliation to GAAP financial measures, refer to pages 22-24 of this press release.

²  Total client balances are defined as assets under management, client brokerage assets, assets in custody, client deposits and loans (including margin receivables).

Business Highlights

• Client balances increased11 percent from the year-ago quarter to a record $2.47 trillion, driven by higher market levels and net inflows. Second-quarter 2014 long-term assets under management (AUM) flows of $11.9 billion were the 20th consecutive quarter of positive flows.

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• Asset management fees grew to a record $1.95 billion, up 15 percent from the year-ago quarter.

• Average loan balances increased8 percent from the year-ago quarter to $118.5 billion.

• Pretax margin was 25.1 percent in the second quarter of 2014, compared to the record year-ago margin of 27.6 percent, marking the sixth straight quarter over 25 percent.

Financial Overview

Global Wealth and Investment Management reported net income of $724 million, compared to $759 million in the second quarter of 2013. Revenue increased2 percent from the year-ago quarter to a record $4.6 billion, driven by higher noninterest income related to improved market valuation and long-term AUM flows.

Credit quality remained strong in the second quarter with the provision for credit losses relatively stable compared to the year-ago quarter. Noninterest expense increased5 percent to $3.4 billion, driven in part by higher revenue-related incentive compensation and other volume-related expenses and additional investments in technology and other areas to support business growth.

Return on average allocated capital was 24.3 percent in the second quarter of 2014, down from 30.6 percent in the year-ago quarter, as relatively stable earnings were more than offset by increased capital allocations.

Client balances rose11 percent from the year-ago quarter to $2.47 trillion, driven largely by higher market levels, long-term AUM flows of $49.0 billion and period-end client loan growth of $8.5 billion. Assets under management rose$135.1 billion, or 18 percent, from the second quarter of 2013 to $878.7 billion, driven by increased market valuation and long-term AUM flows. Average deposit balances increased$4.7 billion from the second quarter of 2013 to $240.0 billion.

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Global Banking

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Total revenue, net of interest expense, FTE basis	$	4,179		$	4,269		$	4,138
Provision for credit losses	132			265			163
Noninterest expense	1,899			2,028			1,849
Net income	$	1,353		$	1,236		$	1,297
Return on average allocated capital1	17.5		%	16.2		%	22.6		%
Average loans and leases	$	271,417		$	271,475		$	255,674
Average deposits	258,937			256,433			226,912

¹  Return on average allocated capital is a non-GAAP financial measure. The company believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate this measure differently. For reconciliation to GAAP financial measures, refer to pages 22-24 of this press release.

Business Highlights

• Bank of America Merrill Lynch (BAML) was ranked No. 2 in global net investment banking fees in the second quarter of 2014 with firmwide investment banking fees of $1.6 billion, excluding self-led deals^(H). Global Banking achieved record equity underwriting fees, excluding self-led deals.

• BAML ranked among the top three financial institutions globally in leveraged loans, convertible debt, asset-backed securities, common stock underwriting, investment grade corporate debt and syndicated loans during the second quarter of 2014^(H).

• BAML was recently awarded two of Euromoney magazine’s most prestigious accolades: Best Global Investment Bank and Best Global Transaction Services House, marking the first time Euromoney awarded one firm both awards in the same year.

• Average loan and lease balances increased$15.7 billion, or 6 percent, from the year-ago quarter, to $271.4 billion, with growth in the commercial and industrial loan portfolio and the commercial real estate and leasing portfolios.

• Average deposits increased $32.0 billion, or 14 percent, from the year-ago quarter to $258.9 billion primarily due to increased client liquidity and international growth.

Financial Overview

Global Banking reported net incomeof $1.4 billion in the second quarter of 2014, compared to $1.3 billion in the year-ago quarter as a decline in the provision for credit losses was partially offset by higher noninterest expense. Revenue of $4.2 billion was relatively stable compared to the second quarter of 2013.

Global Corporate Banking revenue increased to $1.6 billion in the second quarter of 2014, up$29 million from the year-ago quarter, and Global Commercial Banking revenue decreased$59 million to $1.7 billion. Included in these results are Business Lending revenue of $1.8 billion, down $80 million from the year-ago quarter, and Global Transaction

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Services revenue of $1.5 billion, up $50 million from the year-ago period. Global Banking investment banking fees, excluding self-led deals, increased$33 million versus the year-ago quarter.

The provision for credit losses decreased$31 million from the year-ago quarter to $132 million. Noninterest expense increased$50 million, or 3 percent, from the year-ago quarter to $1.9 billion, primarily from higher litigation expense.

Return on average allocated capital was 17.5 percent in the second quarter of 2014, down from 22.6 percent in the year-ago quarter, as modest earnings improvement was more than offset by increased capital allocations.

Global Markets¹ 

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Total revenue, net of interest expense, FTE basis	$	4,583		$	5,012		$	4,194
Provision for credit losses	19			19			(16		)
Noninterest expense	2,862			3,077			2,770
Net income	$	1,101		$	1,308		$	962
Return on average allocated capital2	13.0		%	15.6		%	12.9		%
Total average assets	$	617,103		$	601,439		$	656,109

¹  During 2014, the management of structured liabilities and the associated DVA were moved into Global Markets from All Other to better align the performance risk of these instruments. As such, net DVA represents the combined total of net DVA on derivatives and structured liabilities. Prior periods have been reclassified to conform to current period presentation. Net DVA gains were $69 million, $112 million and $49 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

²  Return on average allocated capital is a non-GAAP financial measure. The company believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate this measure differently. For reconciliation to GAAP financial measures, refer to pages 22-24 of this press release.

Business Highlights

• Fixed Income, Currency and Commodities (FICC) sales and trading revenue, excluding net DVA^(B), increased 5 percent from the second quarter of 2013 to $2.4 billion.

• Return on average allocated capital was 13.0 percent in the second quarter of 2014, compared to 12.9 percent in the second quarter of 2013, reflecting increased net income which was largely offset by an increase in allocated capital compared to the year-ago quarter.

Financial Overview

Global Markets reported net income of $1.1 billion in the second quarter of 2014, up 14 percent from the year-ago quarter. Revenue increased$389 million, or 9 percent, from the year-ago quarter to $4.6 billion, reflecting higher equity investment gains (not included in sales and trading) and increased investment banking fees.

Total sales and trading revenue was comparable to the year-ago quarter at $3.5 billion. Excluding net DVA, sales and trading revenue was $3.4 billion in both periods^(I). FICC sales

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and trading revenue, excluding net DVA^(B), was $2.4 billion in the second quarter of 2014, an increase of $117 million, or 5 percent, from the year-ago quarter, reflecting improved performance in mortgage and municipal products, partially offset by declines in foreign exchange and commodities. Equities sales and trading revenue, excluding net DVA^(J), was $1.0 billion, a decrease of $162 million, or 14 percent, from the year-ago quarter as low volatility depressed secondary market volumes and reduced client activity. In addition to sales and trading, there was an equity investment gain of $240 million in the second quarter of 2014.

Noninterest expense was $2.9 billion compared to $2.8 billion in the year-ago quarter.

All Other¹ 

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Total revenue, net of interest expense, FTE basis2, 3	$	(154	)	$	309		$	569
Provision for credit losses	(246		)	(135		)	(179		)
Noninterest expense4	431			1,682			562
Net income (loss)	$	127		$	(188	)	$	533
Total average loans	210,575			217,391			238,910

¹  All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses and other. ALM activities encompass the whole-loan residential mortgage portfolio and investment securities, interest rate and foreign currency risk management activities including the residual net interest income allocation, the impact of certain allocation methodologies and accounting hedge ineffectiveness.

²  Revenue includes equity investment income of $56 million, $674 million and $576 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively, and gains on sales of debt securities of $382 million, $357 million and $452 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

³  During 2014, the management of structured liabilities and the associated DVA were moved into Global Markets from All Other to better align the performance risk of these instruments. Prior periods have been reclassified to conform to current period presentation.

⁴  The three months ended March 31, 2014 included $717 million of expense related to annual retirement-eligible incentive compensation.

All Other reported net income of $127 million in the second quarter of 2014, compared to net income of $533 million for the same period a year ago. The decline was primarily driven by lower equity investment income and the negative quarterly impact of market-related net interest income adjustments compared to the year-ago quarter. This was partially offset by an improvement in the provision for credit losses driven primarily by recoveries on bulk sales of nonperforming loans, and lower noninterest expense.

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Credit Quality

	Three Months Ended
(Dollars in millions)	June 30 2014			March 31 2014			June 30 2013
Provision for credit losses	$	411		$	1,009		$	1,211
Net charge-offs1	1,073			1,388			2,111
Net charge-off ratio1, 2	0.48		%	0.62		%	0.94		%
Net charge-off ratio, excluding the PCI loan portfolio2	0.49			0.64			0.97
Net charge-off ratio, including PCI write-offs2	0.55			0.79			1.07
At period-end
Nonperforming loans, leases and foreclosed properties	$	15,300		$	17,732		$	21,280
Nonperforming loans, leases and foreclosed properties ratio3	1.70		%	1.96		%	2.33		%
Allowance for loan and lease losses	$	15,811		$	16,618		$	21,235
Allowance for loan and lease losses ratio4	1.75		%	1.84		%	2.33		%

¹  Excludes write-offs of PCI loans of $160 million, $391 million and $313 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

²  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases during the period; quarterly results are annualized.

³  Nonperforming loans, leases and foreclosed properties ratios are calculated as nonperforming loans, leases and foreclosed properties divided by outstanding loans, leases and foreclosed properties at the end of the period.

⁴  Allowance for loan and lease losses ratios are calculated as allowance for loan and lease losses divided by loans and leases outstanding at the end of the period.

Note: Ratios do not include loans accounted for under the fair value option.

Credit quality continued to improve in the second quarter of 2014. Compared with the second quarter a year ago, net charge-offs declined across all major portfolios and the provision for credit losses decreased. The number of 30+ days performing delinquent loans, excluding fully-insured loans, declined across all consumer portfolios from the year-ago quarter, reaching record low levels in the U.S. credit card portfolio. Additionally, reservable criticized balances and nonperforming loans, leases and foreclosed properties continued to decline, down 17 percent and 28 percent respectively, from the year-ago period.

Net charge-offs were $1.1 billion in the second quarter of 2014, down from $1.4 billion in the first quarter of 2014 and $2.1 billion in the second quarter of 2013. The second quarter of 2014 included $185 million of recoveries associated with the $2.1 billion bulk sale of nonperforming loans.

The provision for credit losses declined to $411 million in the second quarter of 2014 from $1.2 billion in the second quarter of 2013, driven by lower levels of delinquencies across the consumer lending portfolio, as well as improvement in the consumer real estate portfolios, primarily due to increased home prices.During the second quarter of 2014, the reserve release was $662 million compared to a reserve release of $900 million in the second quarter of 2013.

Page 12

The allowance for loan and lease losses to annualized net charge-off coverage ratio was 3.67 times in the second quarter of 2014, compared with 2.95 times in the first quarter of 2014 and 2.51 times in the second quarter of 2013. The increase was due to the improvement in net charge-offs discussed above. The allowance to annualized net charge-off coverage ratio, excluding the purchased credit-impaired (PCI) portfolio, was 3.25 times, 2.58 times and 2.04 times for the same periods, respectively.

Nonperforming loans, leases and foreclosed properties were $15.3 billion at June 30, 2014, a decrease from $17.7 billion at March 31, 2014 and $21.3 billion at June 30, 2013.

Capital and Liquidity Management^1,2,3 

(Dollars in billions)	At June 30 2014			At March 31 2014
Basel 3 Transition (under standardized approach)
Common equity tier 1 capital - Basel 3	$	153.6		$	150.9
Risk-weighted assets	1,282.7			1,282.1
Common equity tier 1 capital ratio - Basel 3	12.0		%	11.8		%
Basel 3 Fully Phased-in (under standardized approach)3
Common equity tier 1 capital - Basel 3	$	137.2		130.1
Risk-weighted assets	1,437.0			1,447.4
Common equity tier 1 capital ratio - Basel 3	9.5		%	9.0		%

(Dollars in millions, except per share information)	At June 30 2014			At March 31 2014			At June 30 2013
Tangible common equity ratio4	7.14		%	7.00		%	6.98		%
Total shareholders’ equity	$	237,411		$	231,888		$	231,032
Common equity ratio	10.25		%	10.17		%	10.21		%
Tangible book value per share4	$	14.24		$	13.81		$	13.32
Book value per share	21.16			20.75			20.18

¹  Regulatory capital ratios are preliminary.

²  On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity tier 1 capital and tier 1 capital.

³  Basel 3 common equity tier 1 capital and risk-weighted assets on a fully phased-in basis are non-GAAP financial measures. For reconciliations to GAAP financial measures, refer to page 18 of this press release. The company's fully phased-in Basel 3 estimates are based on its current understanding of the Standardized and Advanced approaches under the Basel 3 rules, assuming all relevant regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from removal of the Comprehensive Risk Measure surcharge. The Basel 3 rules require approval by banking regulators of certain models used as part of risk-weighted asset calculations. If these models are not approved, the company's capital ratio would likely be adversely impacted, which in some cases could be significant.

⁴  Tangible common equity ratio and tangible book value per share are non-GAAP financial measures. For reconciliations to GAAP financial measures, refer to pages 22-24 of this press release.

The common equity tier 1 capital ratio under the Basel 3 Standardized approach for measuring risk-weighted assets was 12.0 percent at June 30, 2014, up from 11.8 percent at March 31, 2014.

While the Basel 3 fully phased-in Standardized and fully phased-in Advanced approaches do not go into effect until 2018, the company is providing the following estimates for comparative purposes.

Page 13

The estimated common equity tier 1 capital ratio under the Basel 3 Standardized approach on a fully phased-in basis was 9.5 percent at June 30, 2014, up from 9.0 percent at March 31, 2014^(D).

The estimated common equity tier 1 capital ratio under the Basel 3 Advanced approaches on a fully phased-in basis increased to 9.9 percent from 9.6 percent at March 31, 2014^(D).

In connection with the final U.S. rule and Notice of Proposed Rulemaking (NPR) issued on April 8 and effective in 2018^(E), the company's estimated supplementary leverage ratios were above the 5 percent supplementary leverage ratio minimum for bank holding companies, and both of the company's primary bank subsidiaries were above the 6 percent supplementary leverage ratio minimum for primary bank subsidiaries.

At June 30, 2014, the company's Global Excess Liquidity Sources totaled $431 billion, compared to $427 billion at March 31, 2014 and $342 billion at June 30, 2013. Time-to-required funding was 38 months at June 30, 2014, compared to 35 months at March 31, 2014 and 32 months at June 30, 2013.

Period-end common shares issued and outstanding were 10.52 billion at June 30, 2014, 10.53 billion at March 31, 2014 and 10.74 billion at June 30, 2013. During the second quarter of 2014, approximately 14 million common shares were repurchased for approximately $233 million at an average price of $16.16 per share.

Tangible book value per share^(F) was $14.24 at June 30, 2014, compared to $13.81 at March 31, 2014 and $13.32 at June 30, 2013. Book value per share was $21.16 at June 30, 2014, compared to $20.75 at March 31, 2014 and $20.18 at June 30, 2013.

------------------------------

End Notes

(A) Fully taxable-equivalent (FTE) basis is a non-GAAP financial measure. For reconciliation to GAAP financial measures, refer to pages 22-24 of this press release. Net interest income on a GAAP basis was $10.0 billion, $10.1 billion and $10.5 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Net interest income on an FTE basis excluding market-related adjustments represents a non-GAAP financial measure. Market-related adjustments of premium amortization expense and hedge ineffectiveness were ($0.2) billion, ($0.3) billion, and $0.4 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Total revenue, net of interest expense, on a GAAP basis was $21.7 billion, $22.6 billion and $22.7 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

(B) FICC sales and trading revenue, excluding net DVA is a non-GAAP financial measure. Net DVA included in FICC revenue was gains (losses) of $56 million, $80 million and $(37) million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

(C) Noninterest expense excluding litigation is a non-GAAP financial measure. Noninterest expense including litigation was $18.5 billion, $22.2 billion and $16.0 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Noninterest expense excluding litigation was $14.6 billion, $16.2 billion and $15.5 billion or the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Litigation expense was $4.0 billion, $6.0 billion and $0.5 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

(D) Basel 3 common equity tier 1 capital and risk-weighted assets on a fully phased-in basis are non-GAAP financial measures. For reconciliation to GAAP financial measures, refer to page 18 of this press release. The company's fully phased-in Basel 3 estimates are based on its current understanding of the Standardized and Advanced approaches under the Basel 3 rules, assuming all relevant regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from removal of the Comprehensive Risk Measure surcharge. These estimates will evolve over time as the company’s businesses change and as a result of further rulemaking or clarification by U.S. regulatory agencies. The Basel 3 rules require approval by banking regulators of certain models used as part of risk-weighted asset calculations. If these models are not approved, the company's capital ratio would likely be adversely impacted, which in some cases could be significant. The company continues to evaluate the potential impact of proposed rules and anticipates it will be in compliance with any final rules by the proposed effective dates.

(E) The supplementary leverage ratio includes the estimated increase to the supplementary leverage exposure in accordance with the U.S. Notice of Proposed Rulemaking approved on April 8, 2014. The supplementary leverage ratio is measured using the quarter-end

Page 14

tier 1 capital calculated under Basel 3 on a fully phased-in basis, divided by the simple average of the sum of on-balance sheet assets and certain off-balance sheet exposures, including, among other items, derivatives and securities financing transactions, at the end of each month in the quarter.

(F) Tangible book value per share of common stock is a non-GAAP financial measure. Other companies may define or calculate this measure differently. Book value per share was $21.16 at June 30, 2014, compared to $20.75 at March 31, 2014 and $20.18 at June 30, 2013. For more information, refer to pages 22-24 of this press release.

(G) Legacy Assets and Servicing (LAS) noninterest expense, excluding litigation, is a non-GAAP financial measure. LAS noninterest expense was $5.2 billion, $7.4 billion and $2.5 billion for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. LAS litigation expense was $3.8 billion, $5.8 billion and $0.2 billion in the three months ended June 30, 2014, March 31, 2014 and June 30, 2013.

(H) Rankings per Dealogic as of July 1, 2014.

(I) Sales and trading revenue excluding the impact of net DVA is a non-GAAP financial measure. Net DVA gains were $69 million, $112 million and $49 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively. In the first quarter of 2014, the management of structured liabilities and the associated DVA were moved into Global Markets from All Other to better align the performance risk of these instruments. As such, net DVA represents the combined total of net DVA on derivatives and structured liabilities. Prior periods have been reclassified to conform to current period presentation.

(J) Equity sales and trading revenue, excluding net DVA is a non-GAAP financial measure. Equities net DVA gains were $13 million, $32 million and $86 million for the three months ended June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

Note: Chief Executive Officer Brian Moynihan and Chief Financial Officer Bruce Thompson will discuss second-quarter 2014 results in a conference call at 8:30 a.m. ET today.

The presentation and supporting materials can be accessed on the Bank of America Investor Relations website at http://investor.bankofamerica.com. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is: 79795. Please dial in 10 minutes prior to the start of the call.

A replay will be available via webcast through the Bank of America Investor Relations website. A replay will also be available beginning at noon on July 16 through midnight, July 24 by telephone at 800.753.8546 (U.S.) or 1.402.220.0685 (international).

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses, 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 approximately49 million consumer and small business relationships with approximately 5,000 retail banking offices and approximately 16,000 ATMs and award-winning online banking with 30 million active users and more than 15 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.

Page 15

Forward-looking Statements

Bank of America and its management may make certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “anticipates,”“targets,”“expects,” “hopes,” “estimates,”“intends,”“plans,”“goals,”“believes,” “continue” and other similar expressions or future or conditional verbs such as “will,” “may,” “might,” “should,”“would” and “could.” The forward-looking statements made represent Bank of America's current expectations, plans or forecasts of its future results and revenues, and future business and economic conditions more generally, and other matters. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements.

You should not place undue reliance on any forward-looking statement and should consider the following uncertainties and risks, as well as the risks and uncertainties more fully discussed under Item 1A. Risk Factors of Bank of America's 2013 Annual Report on Form 10-K, and in any of Bank of America's subsequent Securities and Exchange Commission filings: the potential negative impacts of the Company’s prior adjustment to its regulatory capital ratios, including without limitation the results of the Federal Reserve's review of the resubmitted Comprehensive Capital Analysis and Review, or the revised capital actions that have been resubmitted to the Federal Reserve, the Company's ability to resolve representations and warranties repurchase claims made by monolines and private-label and other investors, including as a result of any adverse court rulings, and the chance that the Company could face related servicing, securities, fraud, indemnity or other claims from one or more counterparties, including monolines or private-label and other investors; the possibility that final court approval of negotiated settlements is not obtained; the possibility that the court decision with respect to the BNY Mellon Settlement is overturned on appeal in whole or in part; potential claims, damages, penalties and fines resulting from pending or future litigation and regulatory proceedings, including proceedings instituted by the U.S. Department of Justice, state Attorneys General and other members of the RMBS Working Group of the Financial Fraud Enforcement Task Force concerning mortgage-related matters; the possibility that the European Commission will impose remedial measures in relation to its investigation of the Company's competitive practices; the possible outcome of LIBOR, other reference rate and foreign exchange inquiries and investigations; the possibility that future representations and warranties losses may occur in excess of the Company's recorded liability and estimated range of possible loss for its representations and warranties exposures; the possibility that the Company may not collect mortgage insurance claims; the possibility that future claims, damages, penalties and fines may occur in excess of the Company’s recorded liability and estimated range of possible losses for litigation exposures; uncertainties about the financial stability and growth rates of non-U.S. jurisdictions, the risk that those jurisdictions may face difficulties servicing their sovereign debt, and related stresses on financial markets, currencies and trade, and the Company's exposures to such risks, including direct, indirect and operational; uncertainties related to the timing and pace of Federal Reserve tapering of quantitative easing, and the impact on global interest rates, currency exchange rates, and economic conditions in a number of countries; the possibility of future inquiries or investigations regarding pending or completed foreclosure activities; the possibility that unexpected foreclosure delays could impact the rate of decline of default-

Page 16

related servicing costs; uncertainty regarding timing and the potential impact of regulatory capital and liquidity requirements (including Basel 3); the negative impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the Company's businesses and earnings, including as a result of additional regulatory interpretation and rulemaking and the success of the Company's actions to mitigate such impacts; the potential impact of implementing and conforming to the Volcker Rule; the potential impact of future derivative regulations; adverse changes to the Company's credit ratings from the major credit rating agencies; estimates of the fair value of certain of the Company's assets and liabilities; reputational damage that may result from negative publicity, fines and penalties from regulatory violations and judicial proceedings; the Company's ability to fully realize the anticipated cost savings in Legacy Assets and Servicing and the anticipated cost savings and other benefits from Project New BAC, including in accordance with currently anticipated timeframes; a failure in or breach of the Company’s operational or security systems or infrastructure, or those of third parties with which we do business, including as a result of cyber attacks; the impact on the Company's business, financial condition and results of operations of a potential higher interest rate environment; and other similar matters.

Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.

BofA Global Capital Management Group, LLC (BofA Global Capital Management) is an asset management division of Bank of America Corporation. BofA Global Capital Management entities furnish investment management services and products for institutional and individual investors.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives and other commercial banking activities are performed by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, financial advisory and other investment banking activities are performed by investment banking affiliates of Bank of America Corporation (Investment Banking Affiliates), including Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are registered broker-dealers and members of FINRA and SIPC. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. Bank of America Corporation's broker-dealers are not banks and are separate legal entities from their bank affiliates. The obligations of the broker-dealers are not obligations of their bank affiliates (unless explicitly stated otherwise), and these bank affiliates are not responsible for securities sold, offered or recommended by the broker-dealers. The foregoing also applies to other non-bank affiliates.

For more Bank of America news, visit the Bank of America newsroom at http://newsroom.bankofamerica.com.

www.bankofamerica.com

Page 17

Bank of America Corporation and Subsidiaries
Selected Financial Data
(Dollars in millions, except per share data; shares in thousands)
Summary Income Statement	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Net interest income	$	20,098		$	21,213		$	10,013		$	10,085		$	10,549
Noninterest income	24,215			24,711			11,734			12,481			12,178
Total revenue, net of interest expense	44,313			45,924			21,747			22,566			22,727
Provision for credit losses	1,420			2,924			411			1,009			1,211
Noninterest expense	40,779			35,518			18,541			22,238			16,018
Income (loss) before income taxes	2,114			7,482			2,795			(681		)	5,498
Income tax expense (benefit)	99			1,987			504			(405		)	1,486
Net income (loss)	$	2,015		$	5,495		$	2,291		$	(276	)	$	4,012
Preferred stock dividends	494			814			256			238			441
Net income (loss) applicable to common shareholders	$	1,521		$	4,681		$	2,035		$	(514	)	$	3,571
Common shares issued	25,149			44,480			224			24,925			364
Average common shares issued and outstanding	10,539,769			10,787,357			10,519,359			10,560,518			10,775,867
Average diluted common shares issued and outstanding (1)	10,599,641			11,549,693			11,265,123			10,560,518			11,524,510
Summary Average Balance Sheet
Total loans and leases	$	916,012		$	910,269		$	912,580		$	919,482		$	914,234
Total debt securities	337,845			349,794			345,889			329,711			343,260
Total earning assets	1,822,177			1,845,651			1,840,850			1,803,298			1,833,541
Total assets	2,154,494			2,198,443			2,169,555			2,139,266			2,184,610
Total deposits	1,123,399			1,077,631			1,128,563			1,118,178			1,079,956
Common shareholders' equity	222,705			218,509			222,215			223,201			218,790
Total shareholders' equity	236,173			236,024			235,797			236,553			235,063
Performance Ratios
Return on average assets	0.19		%	0.50		%	0.42		%	n/m			0.74		%
Return on average tangible common shareholders' equity (2)	2.05			6.53			5.47			n/m			9.88
Per common share information
Earnings (loss)	$	0.14		$	0.43		$	0.19		$	(0.05	)	$	0.33
Diluted earnings (loss) (1)	0.14			0.42			0.19			(0.05		)	0.32
Dividends paid	0.02			0.02			0.01			0.01			0.01
Book value	21.16			20.18			21.16			20.75			20.18
Tangible book value (2)	14.24			13.32			14.24			13.81			13.32
							June 30 2014			March 31 2014			June 30 2013
Summary Period-End Balance Sheet
Total loans and leases							$	911,899		$	916,217		$	921,570
Total debt securities							352,883			340,696			336,403
Total earning assets							1,830,546			1,812,832			1,779,883
Total assets							2,170,557			2,149,851			2,123,320
Total deposits							1,134,329			1,133,650			1,080,783
Common shareholders' equity							222,565			218,536			216,791
Total shareholders' equity							237,411			231,888			231,032
Period-end common shares issued and outstanding							10,515,825			10,530,045			10,743,098
Credit Quality	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Total net charge-offs	$	2,461		$	4,628		$	1,073		$	1,388		$	2,111
Net charge-offs as a percentage of average loans and leases outstanding (3)	0.55		%	1.04		%	0.48		%	0.62		%	0.94		%
Provision for credit losses	$	1,420		$	2,924		$	411		$	1,009		$	1,211
							June 30 2014			March 31 2014			June 30 2013
Total nonperforming loans, leases and foreclosed properties (4)							$	15,300		$	17,732		$	21,280
Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3)							1.70		%	1.96		%	2.33		%
Allowance for loan and lease losses							$	15,811		$	16,618		$	21,235
Allowance for loan and lease losses as a percentage of total loans and leases outstanding (3)							1.75		%	1.84		%	2.33		%
For footnotes see page 18.

More This information is preliminary and based on company data available at the time of the presentation.

Page 18

Bank of America Corporation and Subsidiaries
Selected Financial Data (continued)
(Dollars in millions)
	Basel 3 Transition						Basel 1
Capital Management	June 30 2014			March 31 2014			June 30 2013
Risk-based capital metrics (5, 6):
Common equity tier 1 capital	$	153,582		$	150,922		n/a
Tier 1 common capital	n/a			n/a			$	136,546
Common equity tier 1 capital ratio	12.0		%	11.8		%	n/a
Tier 1 common capital ratio (7)	n/a			n/a			10.6		%
Tier 1 leverage ratio	7.7			7.4			7.4
Tangible equity ratio (8)	7.85			7.65			7.67
Tangible common equity ratio (8)	7.14			7.00			6.98
Regulatory Capital Reconciliations(5, 6)	June 30 2014			March 31 2014
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	153,582		$	150,922
Adjustments and deductions recognized in Tier 1 capital during transition	(10,547		)	(11,302		)
Other adjustments and deductions phased in during transition	(5,852		)	(9,474		)
Common equity tier 1 capital (fully phased-in)	$	137,183		$	130,146
	June 30 2014			March 31 2014
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
As reported risk-weighted assets	$	1,282,720		$	1,282,117
Change in risk-weighted assets from reported to fully phased-in	154,240			165,332
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	1,436,960			1,447,449
Change in risk-weighted assets for advanced models	(49,464		)	(86,234		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in)	$	1,387,496		$	1,361,215
Regulatory capital ratios
Basel 3 Standardized approach common equity tier 1 (transition)	12.0		%	11.8		%
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	9.5			9.0
Basel 3 Advanced approaches common equity tier 1 (fully phased-in)	9.9			9.6

⁽¹⁾  The diluted earnings (loss) per common share excludes the effect of any equity instruments that are antidilutive to earnings per share. There were no potential common shares that were dilutive in the first quarter of 2014 because of the net loss.

⁽²⁾  Return on average tangible shareholders' equity and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. See Reconciliations to GAAP Financial Measures on pages 22-24.

⁽³⁾  Ratios do not include loans accounted for under the fair value option during the period. Charge-off ratios are annualized for the quarterly presentation.

⁽⁴⁾  Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate; purchased credit-impaired loans even though the customer may be contractually past due; nonperforming loans held-for-sale; nonperforming loans accounted for under the fair value option; and nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010.

⁽⁵⁾  Regulatory capital ratios are preliminary.

⁽⁶⁾  On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity tier 1 capital and Tier 1 capital. We reported under Basel 1 (which included the Market Risk Final Rules) at June 30, 2013. Basel 3 common equity tier 1 capital and risk-weighted assets on a fully phased-in basis are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above. The company's fully phased-in Basel 3 estimates are based on its current understanding of the Standardized and Advanced approaches under the Basel 3 rules, assuming all relevant regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from removal of the Comprehensive Risk Measure surcharge. The Basel 3 rules require approval by banking regulators of certain models used as part of risk-weighted asset calculations. If these models are not approved, the company's capital ratio would likely be adversely impacted, which in some cases could be significant.

⁽⁷⁾  Tier 1 common capital ratio equals Tier 1 capital excluding preferred stock, trust preferred securities, hybrid securities and minority interest divided by risk-weighted assets.

⁽⁸⁾  Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders' equity divided by period-end tangible assets. Tangible shareholders' equity and tangible assets are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. See Reconciliations to GAAP Financial Measures on pages 22-24.

n/a = not applicable

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.

More This information is preliminary and based on company data available at the time of the presentation.

Page 19

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment
(Dollars in millions)
	Second Quarter 2014
	Consumer & Business Banking			Consumer Real Estate Services			GWIM			Global Banking			Global Markets			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	7,373		$	1,390		$	4,589		$	4,179		$	4,583		$	(154	)
Provision for credit losses	534			(20		)	(8		)	132			19			(246		)
Noninterest expense	4,000			5,902			3,447			1,899			2,862			431
Net income (loss)	1,788			(2,802		)	724			1,353			1,101			127
Return on average allocated capital (2)	24.33		%	n/m			24.33		%	17.51		%	13.01		%	n/m
Balance Sheet
Average
Total loans and leases	$	160,240		$	88,257		$	118,512		$	271,417		$	63,579		$	210,575
Total deposits	543,566			n/m			240,042			258,937			n/m			35,851
Allocated capital (2)	29,500			23,000			12,000			31,000			34,000			n/m
Period end
Total loans and leases	$	161,142		$	88,156		$	120,187		$	270,683		$	66,260		$	205,471
Total deposits	545,530			n/m			237,046			270,268			n/m			31,999
	First Quarter 2014
	Consumer & Business Banking			Consumer Real Estate Services			GWIM			Global Banking			Global Markets			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	7,438		$	1,192		$	4,547		$	4,269		$	5,012		$	309
Provision for credit losses	812			25			23			265			19			(135		)
Noninterest expense	3,963			8,129			3,359			2,028			3,077			1,682
Net income (loss)	1,666			(5,027		)	729			1,236			1,308			(188		)
Return on average allocated capital (2)	22.92		%	n/m			24.74		%	16.18		%	15.64		%	n/m
Balance Sheet
Average
Total loans and leases	$	162,061		$	88,914		$	115,945		$	271,475		$	63,696		$	217,391
Total deposits	534,557			n/m			242,792			256,433			n/m			34,381
Allocated capital (2)	29,500			23,000			12,000			31,000			34,000			n/m
Period end
Total loans and leases	$	160,127		$	88,355		$	116,482		$	273,239		$	64,598		$	213,416
Total deposits	552,211			n/m			244,051			257,502			n/m			32,818
	Second Quarter 2013
	Consumer & Business Banking			Consumer Real Estate Services			GWIM			Global Banking			Global Markets			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	7,434		$	2,115		$	4,499		$	4,138		$	4,194		$	569
Provision for credit losses	967			291			(15		)	163			(16		)	(179		)
Noninterest expense	4,184			3,383			3,270			1,849			2,770			562
Net income (loss)	1,391			(930		)	759			1,297			962			533
Return on average allocated capital (2)	18.62		%	n/m			30.59		%	22.62		%	12.89		%	n/m
Balance Sheet
Average
Total loans and leases	$	163,593		$	90,114		$	109,589		$	255,674		$	56,354		$	238,910
Total deposits	522,244			n/m			235,344			226,912			n/m			34,017
Allocated capital (2)	30,000			24,000			10,000			23,000			30,000			n/m
Period end
Total loans and leases	$	164,851		$	89,257		$	111,785		$	258,503		$	63,127		$	234,047
Total deposits	525,085			n/m			235,012			228,934			n/m			34,858

⁽¹⁾  Fully taxable-equivalent basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes.

⁽²⁾ Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 22-24.)

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

More This information is preliminary and based on company data available at the time of the presentation.

Page 20

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment
(Dollars in millions)
	Six Months Ended June 30, 2014
	Consumer & Business Banking			Consumer Real Estate Services			GWIM			Global Banking			Global Markets			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	14,811		$	2,582		$	9,136		$	8,448		$	9,595		$	155
Provision for credit losses	1,346			5			15			397			38			(381		)
Noninterest expense	7,963			14,031			6,806			3,927			5,939			2,113
Net income (loss)	3,454			(7,829		)	1,453			2,589			2,409			(61		)
Return on average allocated capital (2)	23.63		%	n/m			24.53		%	16.85		%	14.32		%	n/m
Balance Sheet
Average
Total loans and leases	$	161,145		$	88,584		$	117,235		$	271,446		$	63,637		$	213,965
Total deposits	539,087			n/m			241,409			257,692			n/m			35,119
Allocated capital (2)	29,500			23,000			12,000			31,000			34,000			n/m
Period end
Total loans and leases	$	161,142		$	88,156		$	120,187		$	270,683		$	66,260		$	205,471
Total deposits	545,530			n/m			237,046			270,268			n/m			31,999
	Six Months Ended June 30, 2013
	Consumer & Business Banking			Consumer Real Estate Services			GWIM			Global Banking			Global Markets			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	14,846		$	4,427		$	8,920		$	8,168		$	8,973		$	1,023
Provision for credit losses	1,919			626			7			312			(11		)	71
Noninterest expense	8,349			8,788			6,523			3,685			5,843			2,330
Net income (loss)	2,833			(3,086		)	1,479			2,581			2,074			(386		)
Return on average allocated capital (2)	19.08		%	n/m			30.00		%	22.64		%	13.97		%	n/m
Balance Sheet
Average
Total loans and leases	$	164,713		$	91,531		$	107,845		$	249,903		$	54,529		$	241,748
Total deposits	512,424			n/m			244,329			224,132			n/m			34,883
Allocated capital (2)	30,000			24,000			10,000			23,000			30,000			n/m
Period end
Total loans and leases	$	164,851		$	89,257		$	111,785		$	258,503		$	63,127		$	234,047
Total deposits	525,085			n/m			235,012			228,934			n/m			34,858

⁽¹⁾  Fully taxable-equivalent basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes.

⁽²⁾ Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 22-24.)

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

More This information is preliminary and based on company data available at the time of the presentation.

Page 21

Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)
Fully taxable-equivalent (FTE) basis data(1)	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Net interest income	$	20,512		$	21,646		$	10,226		$	10,286		$	10,771
Total revenue, net of interest expense	44,727			46,357			21,960			22,767			22,949
Net interest yield (2)	2.26		%	2.36		%	2.22		%	2.29		%	2.35		%
Efficiency ratio	91.17			76.62			84.43			97.68			69.80
Other Data							June 30 2014			March 31 2014			June 30 2013
Number of banking centers - U.S.							5,023			5,095			5,328
Number of branded ATMs - U.S.							15,976			16,214			16,354
Ending full-time equivalent employees							233,201			238,560			257,158

⁽¹⁾  FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes. See Reconciliations to GAAP Financial Measures on pages 22-24.

⁽²⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. Prior period yields have been reclassified to conform to current period presentation.

Certain prior period amounts have been reclassified to conform to current period presentation.

More This information is preliminary and based on company data available at the time of the presentation.

Page 22

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. The Corporation believes managing the business with net interest income on a fully taxable-equivalent basis provides a more accurate picture of the interest margin for comparative purposes. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation views related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax-exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. For purposes of this calculation, the Corporation uses the federal statutory tax rate of 35 percent. This measure ensures comparability of net interest income arising from taxable and tax-exempt sources. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield measures the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents an adjusted shareholders' equity or common shareholders' equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible common shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.

In addition, the Corporation evaluates its business segment results based on measures that utilize average allocated capital. The Corporation allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. The Corporation's internal risk-based capital models use a risk-adjusted methodology incorporating each segment's credit, market, interest rate, business and operational risk components. Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return both represent non-GAAP financial measures. Allocated capital is reviewed periodically and refinements are made based on multiple considerations that include, but are not limited to, business segment exposures and risk profile, regulatory constraints and strategic plans. As part of this process, in the first quarter of 2014, the Corporation adjusted the amount of capital being allocated to its business segments. This change resulted in a reduction of the unallocated capital, which is reflected in All Other, and an aggregate increase to the amount of capital being allocated to the business segments. Prior periods were not restated.

See the tables below and on pages 23-24 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the six months ended June 30, 2014 and 2013, and the three months ended June 30, 2014, March 31, 2014 and June 30, 2013. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate supplemental financial data differently.

	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	20,098		$	21,213		$	10,013		$	10,085		$	10,549
Fully taxable-equivalent adjustment	414			433			213			201			222
Net interest income on a fully taxable-equivalent basis	$	20,512		$	21,646		$	10,226		$	10,286		$	10,771
Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis
Total revenue, net of interest expense	$	44,313		$	45,924		$	21,747		$	22,566		$	22,727
Fully taxable-equivalent adjustment	414			433			213			201			222
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	44,727		$	46,357		$	21,960		$	22,767		$	22,949
Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis
Income tax expense (benefit)	$	99		$	1,987		$	504		$	(405	)	$	1,486
Fully taxable-equivalent adjustment	414			433			213			201			222
Income tax expense (benefit) on a fully taxable-equivalent basis	$	513		$	2,420		$	717		$	(204	)	$	1,708
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	222,705		$	218,509		$	222,215		$	223,201		$	218,790
Goodwill	(69,832		)	(69,937		)	(69,822		)	(69,842		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,354		)	(6,409		)	(5,235		)	(5,474		)	(6,270		)
Related deferred tax liabilities	2,132			2,393			2,100			2,165			2,360
Tangible common shareholders' equity	$	149,651		$	144,556		$	149,258		$	150,050		$	144,950
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	236,173		$	236,024		$	235,797		$	236,553		$	235,063
Goodwill	(69,832		)	(69,937		)	(69,822		)	(69,842		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,354		)	(6,409		)	(5,235		)	(5,474		)	(6,270		)
Related deferred tax liabilities	2,132			2,393			2,100			2,165			2,360
Tangible shareholders' equity	$	163,119		$	162,071		$	162,840		$	163,402		$	161,223

Certain prior period amounts have been reclassified to conform to current period presentation.

More This information is preliminary and based on company data available at the time of the presentation.

Page 23

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures (continued)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	222,565		$	216,791		$	222,565		$	218,536		$	216,791
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,297
Tangible common shareholders' equity	$	149,734		$	143,054		$	149,734		$	145,457		$	143,054
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	237,411		$	231,032		$	237,411		$	231,888		$	231,032
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,297
Tangible shareholders' equity	$	164,580		$	157,295		$	164,580		$	158,809		$	157,295
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,170,557		$	2,123,320		$	2,170,557		$	2,149,851		$	2,123,320
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,297
Tangible assets	$	2,097,726		$	2,049,583		$	2,097,726		$	2,076,772		$	2,049,583
Book value per share of common stock
Common shareholders' equity	$	222,565		$	216,791		$	222,565		$	218,536		$	216,791
Ending common shares issued and outstanding	10,515,825			10,743,098			10,515,825			10,530,045			10,743,098
Book value per share of common stock	$	21.16		$	20.18		$	21.16		$	20.75		$	20.18
Tangible book value per share of common stock
Tangible common shareholders' equity	$	149,734		$	143,054		$	149,734		$	145,457		$	143,054
Ending common shares issued and outstanding	10,515,825			10,743,098			10,515,825			10,530,045			10,743,098
Tangible book value per share of common stock	$	14.24		$	13.32		$	14.24		$	13.81		$	13.32

Certain prior period amounts have been reclassified to conform to current period presentation.

More This information is preliminary and based on company data available at the time of the presentation.

Page 24

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures (continued)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Reconciliation of return on average allocated capital(1)
Consumer & Business Banking
Reported net income	$	3,454		$	2,833		$	1,788		$	1,666		$	1,391
Adjustment related to intangibles (2)	2			4			1			1			2
Adjusted net income	$	3,456		$	2,837		$	1,789		$	1,667		$	1,393
Average allocated equity (3)	$	61,468		$	62,063		$	61,460		$	61,475		$	62,050
Adjustment related to goodwill and a percentage of intangibles	(31,968		)	(32,063		)	(31,960		)	(31,975		)	(32,050		)
Average allocated capital	$	29,500		$	30,000		$	29,500		$	29,500		$	30,000
Global Wealth & Investment Management
Reported net income	$	1,453		$	1,479		$	724		$	729		$	759
Adjustment related to intangibles (2)	7			9			4			3			4
Adjusted net income	$	1,460		$	1,488		$	728		$	732		$	763
Average allocated equity (3)	$	22,233		$	20,311		$	22,222		$	22,243		$	20,300
Adjustment related to goodwill and a percentage of intangibles	(10,233		)	(10,311		)	(10,222		)	(10,243		)	(10,300		)
Average allocated capital	$	12,000		$	10,000		$	12,000		$	12,000		$	10,000
Global Banking
Reported net income	$	2,589		$	2,581		$	1,353		$	1,236		$	1,297
Adjustment related to intangibles (2)	1			1			1			—			1
Adjusted net income	$	2,590		$	2,582		$	1,354		$	1,236		$	1,298
Average allocated equity (3)	$	53,406		$	45,411		$	53,405		$	53,407		$	45,416
Adjustment related to goodwill and a percentage of intangibles	(22,406		)	(22,411		)	(22,405		)	(22,407		)	(22,416		)
Average allocated capital	$	31,000		$	23,000		$	31,000		$	31,000		$	23,000
Global Markets
Reported net income	$	2,409		$	2,074		$	1,101		$	1,308		$	962
Adjustment related to intangibles (2)	5			4			3			2			2
Adjusted net income	$	2,414		$	2,078		$	1,104		$	1,310		$	964
Average allocated equity (3)	$	39,374		$	35,364		$	39,373		$	39,375		$	35,357
Adjustment related to goodwill and a percentage of intangibles	(5,374		)	(5,364		)	(5,373		)	(5,375		)	(5,357		)
Average allocated capital	$	34,000		$	30,000		$	34,000		$	34,000		$	30,000

⁽¹⁾ There are no adjustments to reported net income (loss) or average allocated equity for Consumer Real Estate Services.

⁽²⁾ Represents cost of funds, earnings credits and certain expenses related to intangibles.

⁽³⁾ Average allocated equity is comprised of average allocated capital plus capital for the portion of goodwill and intangibles specifically assigned to the business segment.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation.

EX-99.2

Bank of America 2Q14 Financial Results July 16, 2014

2Q14 Results 2 ____________________ 1 Amounts may not total due to rounding. 2 FTE basis. Represents a non-GAAP financial measure. 3 Represents a non-GAAP financial measure. On a GAAP basis, net interest income; total revenue, net of interest expense; pre-tax, pre-provision earnings; income before income taxes; and income tax expense were $10.0B, $21.7B, $3.2B, $2.8B, and $504MM, respectively, for 2Q14. For reconciliations of these measures to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. 2Q14 Net interest income 2, 3 $10.2 Noninterest income 11.7 Total revenue, net of interest expense 2, 3 22.0 Noninterest expense 18.5 Pre-tax, pre-provision earnings 2, 3 3.4 Provision for credit losses 0.4 Income before income taxes 2, 3 3.0 Income tax expense 2, 3 0.7 Net income $2.3 Diluted earnings per share $0.19 Average diluted common shares (in billions) 11.3 Summary Income Statement ($B, except EPS) 1 • 2Q14 net income of $2.3B, or $0.19 per diluted share, included pre-tax litigation expense of $4.0B, or $0.22 per share after-tax

____________________ 1 Represents a non-GAAP financial measure. For reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. n/m = not meaningful Balance Sheet Highlights 3 • Total assets increased $20.7B from 1Q14, driven by increased repo activity and higher securities balances • Total loans and leases declined $4.3B from 1Q14, due principally to reductions in our discretionary residential mortgage portfolio, which included $2.1B in bulk sales of nonperforming loans – Excluding residential mortgage, consumer loans increased slightly as total U.S. credit card balances grew $1.3B and securities-based lending to our wealth management clients increased $1.8B, while home equity continued to decline – Commercial loan growth was mostly offset by reductions in commercial real estate and certain large paydowns in the quarter • Deposits remain at record levels • Issued $1.5B of preferred stock during 2Q14 • Tangible book value per share increased to $14.24 1 and tangible common equity ratio grew to 7.14% 1, driven by earnings as well as improvement in accumulated other comprehensive income (AOCI) from increasing value of debt securities $ in billions, except for share amounts; end of period balances Balance Sheet Total assets $2,170.6 $2,149.9 $2,123.3 Total loans and leases 911.9 916.2 921.6 Total deposits 1,134.3 1,133.7 1,080.8 Long-term debt 257.1 254.8 262.5 Preferred stock 14.8 13.4 14.2 Per Share Data Tangible book value per common share 1 $14.24 $13.81 $13.32 Book value per common share 21.16 20.75 20.18 Common shares outstanding (in billions) 10.52 10.53 10.74 Capital Tangible common shareholders' equity 1 $149.7 $145.5 $143.1 Tangible common equity ratio 1 7.14 % 7.00 % 6.98 % Common shareholders' equity $222.6 $218.5 $216.8 Common equity ratio 10.25 % 10.17 % 10.21 % Returns Return on average assets 0.42 % n/m 0.74 % Return on average c mmon shareholders' equity 3.68 n/m 6.55 Return on average tangible common shareholders' equity 1 5.47 n/m 9.88 2Q14 1Q14 2Q13

Basel 3 Transition (under Standardized approach) 2 • Common equity tier 1 capital (CET1) ratio was 12.0% in 2Q14 Basel 3 Fully Phased-in 4 • CET1 capital increased $7.0B from 1Q14 on earnings, AOCI improvement and lower capital deductions • Under the fully phased-in Standardized approach, the estimated CET1 ratio increased to 9.5% in 2Q14 from 9.0% in 1Q14 • Under the fully phased-in Advanced approaches, the estimated CET1 ratio increased to 9.9% in 2Q14 from 9.6% in 1Q14 Supplementary Leverage Ratio (SLR) 3, 5 • In connection with the final U.S. rule and proposed NPR issued on April 8, 2014, on a fully phased-in basis, we estimate our bank holding company SLR is above the 5% required minimum and both primary bank subsidiaries are in excess of the 6% required minimum Regulatory Capital 1 4 ____________________ 1 Regulatory capital ratios are preliminary. For important presentation information, see slide 24. 2 On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting CET1 capital and Tier 1 capital. 3 The fully phased-in 8.5% CET1 capital ratio minimum includes the 2.5% capital conservation buffer, 0% countercyclical buffer and an estimated 1.5% SIFI buffer (based on the Financial Stability Board’s “Update of group of global systemically important banks (G-SIBs)” issued on November 11, 2013). The 5.0% Bank Holding Company SLR minimum includes the 2.0% leverage buffer. 4 Represents a non-GAAP financial measure. See slide 22 tor reconciliations. 5 Includes the estimated increase to the supplementary leverage exposure as proposed by banking regulators on April 8, 2014. The ratio is measured using quarter-end tier 1 capital calculated under Basel 3 on a fully phased-in basis. The denominator is calculated as the simple average of the sum of on-balance sheet assets and certain off-balance sheet exposures, including, among other items, derivatives and securities financing transactions, at the end of each month in the quarter. Basel 3 Transition (under Standardized approach) 2 $ in billions Common equity tier 1 capital $153.6 $150.9 Risk-weighted assets 1,282.7 1,282.1 Common equity tier 1 capital ratio 12.0 % 11.8 % Tier 1 capital ratio 12.5 11.9 Tier 1 leverage ratio 7.7 7.4 Basel 3 Fully Phased-in $ in billions Common equity tier 1 capital 4 $137.2 $130.1 Risk-weighted assets (under Standardized approach) 4 1,437.0 1,447.4 Common equity tier 1 capital ratio (under Standardized approach) 4 9.5 % 9.0 % Bank Holding Company SLR 5 > 5.0 ~ 5.0 Bank SLR 5 > 6.0 > 6.0 8.5% by 2019 5% by 2018 6% by 2018 2Q14 1Q14 2Q14 1Q14 Required Minimum 3

Funding and Liquidity 5 Global Excess Liquidity Sources ($B) 2 • Long-term debt increased $2.3B from 1Q14, which includes the $7.6B issuance that settled on April 1, 2014 – Long-term debt yields declined 12bps from 1Q14, primarily driven by lower new issuance spreads – Parent long-term debt issuance expected to be less than contractual maturities of $13B during the second half of 2014 3 • Global Excess Liquidity Sources 2 of $431B, up $4B from 1Q14, driven by increased liquidity at our bank subsidiaries – Parent company liquidity remained strong at $92B – Time to Required Funding 4 at 38 months 1 Includes consolidated variable interest entities, some of which are securitizations that consolidate into our bank entities, and other non-holding company long-term debt. 2 Global Excess Liquidity Sources include cash and high-quality, liquid, unencumbered securities, limited to U.S. government securities, U.S. agency securities, U.S. agency MBS, and a select group of non-U.S. government and supranational securities, and are readily available to meet funding requirements as they arise. It does not include Federal Reserve Discount Window or Federal Home Loan Bank borrowing capacity. Transfers of liquidity from the bank or other regulated entities are subject to certain regulatory restrictions. 3 Parent company debt maturities are defined as maturities of senior or subordinated debt issued by Bank of America Corporation. Remaining contractual maturities of $13B include $3B of structured note maturities. 4 Time to Required Funding (TTF) is a debt coverage measure and is expressed as the number of months unsecured holding company obligations of Bank of America Corporation can be met using only its Global Excess Liquidity Sources without issuing debt or sourcing additional liquidity. For 2Q13 through 2Q14, we have included in the amount of unsecured contractual obligations the $8.6B liability, including estimated costs, for settlements such as the previously announced BNY Mellon private-label securitization settlement. 1Q14 TTF is adjusted for the FHFA settlement. Including the $7.6B long-term debt issuance unsettled as of 1Q14, TTF for 1Q14 would have been 37 months. Long-term Debt ($B) Time to Required Funding (months) 4 $342 $359 $376 $427 $431 $0 $100 $200 $300 $400 $500 2Q13 3Q13 4Q13 1Q14 2Q14 Parent company Bank subsidiaries Other regulated entities 200 196 194 192 194 16 15 16 25 27 46 44 40 38 36 $262 $255 $250 $255 $257 $0 $100 $200 $300 2Q13 3Q13 4Q13 1Q14 2Q14 Parent company Bank Other 32 35 38 35 38 20 25 30 35 40 45 2Q13 3Q13 4Q13 1Q14 2Q14 1

Net Interest Income 6 • Reported NII of $10.2B, down $0.1B from 1Q14 • Excluding market-related adjustments, NII of $10.4B declined $0.2B from 1Q14, and the net interest yield declined 10bps to 2.26% Drivers included: – Lower consumer loan balances and lower loan yields – Seasonal decline in trading NII Partially offset by: – One additional interest accrual day • The balance sheet continues to be asset sensitive and positioned for NII to benefit as rates move higher, particularly on the short- end of the curve ____________________ 1 FTE basis. Represents a non-GAAP financial measure. On a GAAP basis, reported NII was $10.0B, $10.1B, $10.8B, $10.3B and $10.5B for 2Q14, 1Q14, 4Q13, 3Q13 and 2Q13, respectively. For reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. 2 NII on a FTE basis excluding market-related adjustments represents a non-GAAP financial measure. Market-related adjustments of premium amortization expense and hedge ineffectiveness were ($0.2)B, ($0.3)B, $0.2B, $0.0B and $0.4B for 2Q14, 1Q14, 4Q13, 3Q13 and 2Q13, respectively. Reported Net Interest Income (NII) ($B) 1 NII Excluding Market-related Adjustments ($B) 1, 2 $10.8 $10.5 $11.0 $10.3 $10.2 2.35% 2.33% 2.44% 2.29% 2.22% 0% 1% 2% 3% 4% $0 $2 $4 $6 $8 $10 $12 2Q13 3Q13 4Q13 1Q14 2Q14 Net interest income Net interest yield $10.4 $10.5 $10.8 $10.6 $10.4 2.28% 2.35% 2.39% 2.36% 2.26% 0% 1% 2% 3% 4% $0 $2 $4 $6 $8 $10 $12 2Q13 3Q13 4Q13 1Q14 2Q14 Net interest income Net interest yield

13.2 13.6 13.1 1.0 2.3 1.6 1.4 0.5 6.0 4.0 $16.0 $22.2 $18.5 $0 $5 $10 $15 $20 $25 2Q13 1Q14 2Q14 All Other Retirement-eligible costs LAS (excl. litigation) Litigation Expense Highlights ____________________ 1 Represents a non-GAAP financial measure. LAS noninterest expense was $5.2B, $7.4B and $2.5B in 2Q14, 1Q14 and 2Q13, respectively. LAS mortgage-related litigation expense was $3.8B, $5.8B and $215MM in 2Q14, 1Q14 and 2Q13, respectively. 2 Represents a non-GAAP financial measure. • Total noninterest expense of $18.5B in 2Q14 declined $3.7B from 1Q14 – Litigation expense of $4.0B, down $2.0B from 1Q14 – 1Q14 included annual retirement-eligible incentive compensation costs of $1.0B • Litigation expense in 2Q14 driven by $3.8B net increase in reserves for previously disclosed legacy mortgage-related matters, including the AIG settlement • Noninterest expense, excluding litigation and retirement-eligible costs 2, declined $0.7B from 1Q14, due primarily to lower revenue-related incentive compensation – Lower LAS expenses, and to a lesser extent New BAC cost savings, drove $1.0B decline compared to 2Q13 • FTE headcount down 2.3% from 1Q14, due primarily to reductions in LAS as well as Home Loans staff in response to lower mortgage originations over the past few quarters • Quarterly New BAC cost savings of $2.0B now expected to be achieved by 4Q14 • Quarterly LAS expense, excluding litigation, now expected to decline to $1.1B by 1Q15 Noninterest Expense ($B) Full-time Equivalent Employees (000's) 7 1 225.5 215.2 213.1 31.7 23.4 20.1 257.2 238.6 233.2 0 50 100 150 200 250 300 2Q13 1Q14 2Q14 FTEs (excluding LAS) LAS FTEs

$21.2 $19.4 $17.4 $16.6 $15.8 2.51x 2.90x 2.78x 2.95x 3.67x 0x 1x 2x 3x 4x 5x 6x $0 $5 $10 $15 $20 $25 2Q13 3Q13 4Q13 1Q14 2Q14 T h o u s a n d s Allowance for loans and leases Allowance/annualized net charge-offs $2.1 $1.7 $1.6 $1.4 $1.1 0.94% 0.73% 0.68% 0.62% 0.48% 0% 1% 2% 3% $0 $1 $2 $3 2Q13 3Q13 4Q13 1Q14 2Q14 Net charge-offs Net charge-off ratio ____________________ 1 Net charge-offs exclude write-offs of PCI loans of $160MM, $391MM, $741MM, $443MM and $313MM for 2Q14, 1Q14, 4Q13, 3Q13 and 2Q13, respectively. Including the write-offs of PCI loans, total annualized net charge-offs and PCI write-offs as a percentage of total average loans and leases outstanding were 0.55%, 0.79%, 1.00%, 0.92% and 1.07% for 2Q14, 1Q14, 4Q13, 3Q13 and 2Q13, respectively. 2 4Q13 includes $144MM of charge-offs associated with a clarification of regulatory guidance on the accounting for TDRs in the home loans portfolio. Excluding this impact, NCOs were $1.4B, NCO ratio was 62bps and the allowance/annualized NCOs ratio was 3.08x. 3 Excludes FHA-insured loans and other loans individually insured under long-term standby agreements. 4 The allowance/annualized net charge-offs and PCI write-offs ratios were 3.20x, 2.30x, 1.89x, 2.30x and 2.18x, and the allowance (excluding PCI loans)/annualized net charge-offs ratios were 3.25x, 2.58x, 2.38x, 2.42x and 2.04x, which excludes valuation allowance on PCI loans of $1.8B, $2.1B, $2.5B, $3.2B and $3.9B for 2Q14, 1Q14, 4Q13, 3Q13 and 2Q13, respectively. Asset Quality Trends Continued to Improve 8 Net Charge-offs ($B) 1, 2 Allowance for Loans and Leases ($B) 2, 4 Provision for Credit Losses ($B) Consumer 30+ Days Performing Past Due ($B) 3 $1.2 $0.3 $0.3 $1.0 $0.4 $0.0 $0.5 $1.0 $1.5 2Q13 3Q13 4Q13 1Q14 2Q14 $7.0 $6.7 $6.6 $5.6 $5.2 $0 $3 $6 $9 2Q13 3Q13 4Q13 1Q14 2Q14 2Q14 included $0.2B recoveries from NPL sales; excluding this impact, NCOs were $1.3B and NCO ratio was 0.56% 2Q14 included $0.2B recoveries from NPL sales; excluding this impact, the allowance/annualized NCOs was 3.13x

Consumer & Business Banking (CBB) 9 ____________________ 1 FTE basis. 2 Represents a non-GAAP financial measure. For important presentation information, see slide 24, and for reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. 3 Total U.S. consumer credit card includes portfolios in CBB and GWIM. In 2Q14 and 1Q14, $3.2B and $3.3B, respectively, of the U.S. consumer credit card portfolio was included in GWIM with the remaining in CBB. • [ Bullets to come ] • Net income of $1.8B, up 7% from 1Q14 and 29% from 2Q13 Revenue was relatively flat vs. both comparative periods, as lower NII was partially offset by higher service charges • Provision for credit losses declined vs. both 1Q14 and 2Q13, driven by continued improvement in credit quality • Expenses down 4% from 2Q13 and up slightly vs. 1Q14 • Customer activity highlights: – Organic average deposit growth of $10.7B from 1Q14 and $24.5B from 2Q13  Rate paid on deposits declined to 6bps in 2Q14 – Client brokerage assets increased to $106B in 2Q14, driven by improved market valuation and account flows – Mobile banking users reached 15.5MM; 10% of deposit transactions completed through mobile devices – Banking centers reduced to 5,023, down 72 from 1Q14 – Issued over 1.1MM new total U.S. consumer credit cards, 65% to existing customers  Average total U.S. consumer credit card 3 balances decreased from 1Q14 due to seasonality; ending balances up $1.3B $ in millions Net interest income 1 $4,929 ($22) ($105) Noninterest income 2,444 (43) 44 Total revenue, net of interest expense 1 7,373 (65) (61) Provision for credit losses 534 (278) (433) Noninterest expense 4,000 37 (184) Income tax expense 1 1,051 54 159 Net income $1,788 $122 $397 Key Indicators ($ in billions) Average deposits $543.6 $534.6 $522.2 Rate paid on deposits 0.06 % 0.07 % 0.12 % Average loans and leases $160.2 $162.1 $163.6 Client brokerage assets 105.9 100.2 84.2 Debit card purchase volumes 69.5 65.9 67.7 Mobile banking customers (MM) 15.5 15.0 13.2 Number of banking centers 5,023 5,095 5,328 Return on average allocated capital 2 24.3 % 22.9 % 18.6 % Allocated capital 2 $29.5 $29.5 $30.0 Total U.S. consumer credit card 3 ($ in billions) Average outstandings $88.1 $89.5 $89.7 Credit card purchase volumes 53.6 48.9 51.9 New card accounts (MM) 1.13 1.03 0.96 Net charge-off ratio 3.11 % 3.25 % 4.10 % Risk-adjusted margin 8.97 9.49 8.41 2Q14 1Q14 2Q13 Inc/(Dec) 2Q14 1Q14 2Q13 2Q14 1Q14 2Q13

Consumer Real Estate Services (CRES) 1 10 • 2Q14 net loss of $2.8B decreased $2.2B from 1Q14, driven primarily by lower litigation expense • Total first-lien retail mortgage originations 4 increased 25% from 1Q14 to $11.1B – Origination pipeline at the end of 2Q14 was up 15% vs. 1Q14 • Core production revenue increased $45MM from 1Q14 and reflects improved volumes • Servicing income was relatively flat vs. 1Q14, as lower servicing fees were offset by improved net MSR hedge results • Representations and warranties provision of $87MM declined $91MM from 1Q14 • Provision for credit losses improved $45MM from 1Q14, driven by continued portfolio improvements • LAS expense, excluding litigation 3, declined to $1.4B from $1.6B in 1Q14 – 60+ days delinquent loans serviced dropped 14k from 1Q14 to 263k in 2Q14 • Total staffing declined 14% from 1Q14, due primarily to continued reductions in LAS, as well as actions taken in sales and fulfillment as refinance demand slowed ____________________ 1 CRES includes Home Loans and Legacy Assets & Servicing. 2 FTE basis. 3 Represents a non-GAAP financial measure. CRES noninterest expense was $5.9B, $8.1B and $3.4B in 2Q14, 1Q14 and 2Q13, respectively. CRES litigation expense was $3.8B, $5.8B and $219MM for 2Q14, 1Q14 and 2Q13, respectively. LAS noninterest expense was $5.2B, $7.4B and $2.5B in 2Q14, 1Q14 and 2Q13, respectively. LAS litigation expense was $3.8B, $5.8B and $215MM for 2Q14, 1Q14 and 2Q13, respectively. 4 Home loan originations include loan production in CRES with the remaining first mortgage and home equity loan production primarily in GWIM. 5 Core production revenue excludes representations and warranties provision. 6 Includes other FTEs supporting LAS (contractors and offshore). $ in millions Net interest income 2 $697 ($4) ($2) Noninterest income 693 202 (723) Total revenue, net of interest expense 2 1,390 198 (725) Provis ion for credit losses (20) (45) (311) Noninterest expense, excluding l i tigation 3 2,094 (196) (1,070) Li tigation expense 3,808 (2,031) 3,589 Income tax expense (benefi t) 2 (1,690) 245 (1,061) Net loss ($2,802) $2,225 ($1,872) Key Indicators ($ in billions) Average loans and leases $88.3 $88.9 $90.1 Total home loan originations 4 : Fi rs t mortgage 11.1 8.9 25.3 Home equity 2.6 2.0 1.5 Core production revenue 5 0.3 0.3 0.9 Servicing income 0.4 0.4 0.7 Firs t l ien servicing portfol io (# loans in MM) 4.1 4.2 5.3 MSR, end of period (EOP) 4.1 4.6 5.8 Capita l i zed MSR (bps) 82 87 77 Serviced for investors (EOP, in tri l l ions) 0.5 0.5 0.8 LAS expense (excluding l i tigation) 3 1.4 1.6 2.3 60+ days del inquent fi rs t l ien loans (000's ) 263 277 492 LAS employees (000's ) 6 22.3 26.2 37.9 2Q14 2Q13 Inc/(Dec) 2Q14 1Q14 2Q13 1Q14

1,121 1,144 1,181 1,190 1,229 744 780 821 842 879 235 242 245 244 237 115 117 119 120 123 $2,215 $2,283 $2,366 $2,396 $2,468 $500 $1,000 $1,500 $2,000 $2,500 2Q13 3Q13 4Q13 1Q14 2Q14 Other client balances Assets under management Client deposits Loans and leases Global Wealth & Investment Management (GWIM) 11 ____________________ 1 FTE basis. 2 Includes Financial Advisors in CBB of 1,716, 1,598 and 1,587 at 2Q14, 1Q14 and 2Q13, respectively. 3 Financial Advisor Productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue divided by the total number of Financial Advisors (excluding Financial Advisors in CBB). Total revenue excludes corporate allocation of net interest income related to certain ALM activities. 4 Represents a non-GAAP financial measure. For important presentation information, see slide 24, and for reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. 5 Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet. Total Client Balances ($B, EOP) • Solid 2Q14 results included record revenue of $4.6B • Net income was $0.7B, and pre-tax margin was 25.1% • Record asset management fees drove noninterest income higher, despite lower transactional activity • Noninterest expense increased from 2Q13, reflecting higher revenue-related incentive compensation, other volume-related expenses and additional investments in technology and other areas to support business growth – Increase versus 1Q14 driven by higher revenue-related incentive compensation, litigation-related costs and marketing • Client balances grew to nearly $2.5T, driven by improved market valuation and net inflows – Long-term AUM flows of $11.9B, positive for the 20th consecutive quarter – Record period-end loans of $123B, up 3% from 1Q14 $ in millions Net interest income 1 $1,485 $0 ($20) Noninterest income 3,104 42 110 Total revenue, net of interest expense 1 4,589 42 90 Provision for credit losses (8) (31) 7 Noninterest expense 3,447 88 177 Income tax expense 1 426 (10) (59) Net income $724 ($5) ($35) Key Indicators ($ in billions) Long-term AUM flows $11.9 $17.4 $7.7 Liquidity AUM flows 0.1 (2.4) (0.7) Financial Advisors (in thousands) 2 15.6 15.3 15.8 Financial Advisor Productivity ($ in MM) 3 $1.06 $1.06 $1.01 Wealth Advisors (in thous nds) 2 16.7 16.5 17.0 Pre-tax margin 25.1 % 25.6 % 27.6 % Return on average allocated capital 4 24.3 24.7 30.6 Allocated capital 4 $12.0 $12.0 $10.0 Inc/(Dec) 2Q14 1Q14 2Q13 2Q14 1Q14 2Q13 5

Global Banking 12 ____________________ 1 FTE basis. 2 Represents a non-GAAP financial measure. For important presentation information, see slide 24, and for reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. 3 Ranking per Dealogic as of July 1, 2014. • [ Bullets to come ] • Net income of $1.4B, up 9% from 1Q14 and 4% from 2Q13 Maintained leadership position with $1.6B in corporation-wide investment banking fees (excluding self-led deals) – Record equity underwriting fees, up 44% from 2Q13 – Ranked #2 globally in IB fees with 6.7% market share 3 • Provision for credit losses declined $133MM from 1Q14 • Noninterest expense decreased $129MM vs. 1Q14, due to lower incentive compensation and business support expenses, and increased $50MM from 2Q13 driven primarily by higher litigation expense • Average loans and leases of $271.4B, up $15.7B, or 6%, from 2Q13, due to growth in Commercial & Industrial, Commercial Real Estate and Leasing – Flat relative to 1Q14 due to reductions in commercial real estate and certain large paydowns • Average deposits increased 14% from 2Q13 and 1% from 1Q14, benefitting from increased customer liquidity • Return on average allocated capital increased to 17.5% from 16.2% in 1Q14 $ in millions Net interest income 1 $2,239 ($63) ($13) Noninterest income 1,940 (27) 54 Total revenue, net of interest expense 1 4,179 (90) 41 Provis ion for credit losses 132 (133) (31) Noninterest expense 1,899 (129) 50 Income tax expense 1 795 55 (34) Net income $1,353 $117 $56 Key Indicators ($ in billions) Average loans and leases $271.4 $271.5 $255.7 Average depos its 258.9 256.4 226.9 Bus iness Lending revenue 1.8 1.9 1.9 Global Transaction Services revenue 1.5 1.5 1.4 Return on average a l located capita l 2 17.5 % 16.2 % 22.6 % Al located capita l 2 $31.0 $31.0 $23.0 Net charge-off ratio (0.04) % (0.03) % 0.12 % Reservable cri ticized $9.5 $9.5 $10.6 Nonperforming assets 0.7 0.7 1.1 Corporation-wide IB Fees ($ in millions) Advisory $265 $286 $262 Debt 891 1,025 987 Equity 514 313 356 Gross IB fees (incl . sel f-led) 1,670 1,624 1,605 Sel f-led (39) (82) (49) Net IB fees (excl . sel f-led) $1,631 $1,542 $1,556 2Q14 1Q14 2Q13 Inc/(Dec) 1Q14 2Q132Q14 2Q14 1Q14 2Q13

Global Markets 13 • [ Bullets to come ] ____________________ 1 FTE basis. 2 In addition to sales and trading revenue, Global Markets shares with Global Banking in certain deal economics from investment banking and loan origination activities. 3 Represents a non-GAAP financial measure. During 1Q14, the management of structured liabilities and the associated DVA were moved into Global Markets from All Other to better align the performance risk of these instruments. As such, net DVA represents the combined total of net DVA on derivatives and structured liabilities. Prior periods have been reclassified to conform to current period presentation. Net DVA results were gains of $69MM, $112MM and $49MM for 2Q14, 1Q14 and 2Q13, respectively. 4 For this presentation, sales and trading revenue excludes net DVA gains (losses), which represents a non-GAAP financial measure. Net DVA included in FICC revenue was gains (losses) of $56MM, $80MM and ($37)MM for 2Q14, 1Q14 and 2Q13, respectively. Net DVA included in equities revenue was gains of $13MM, $32MM and $86MM for 2Q14, 1Q14 and 2Q13, respectively. 5 VaR model uses historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level. Using a 95% confidence level, average VaR was $27MM, $37MM and $40MM for 2Q14, 1Q14 and 2Q13, respectively. 6 Represents a non-GAAP financial measure. For important presentation information, see slide 24, and for reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. • Net income of $1.1B increased 14% vs. 2Q13 Revenue increased $389MM, or 9%, from 2Q13, driven by higher equity investment gains (not included in sales and trading) and increased investment banking fees • Excluding net DVA 3, 4, sales and trading revenue of $3.4B was relatively flat vs. 2Q13 and decreased $697MM, or 17%, vs. 1Q14 – FICC revenue increased $117MM, or 5%, vs. 2Q13, driven by improved conditions in mortgages and munis, partially offset by a decline in FX and commodities  2Q14 revenues decreased $576MM, or 20%, vs. 1Q14, following a seasonally stronger first quarter – Equities revenue decreased $162MM, or 14%, vs. 2Q13 and $121MM, or 11%, vs. 1Q14 as low volatility depressed secondary market volumes and client activity • Noninterest expense declined $215MM from 1Q14; up $92MM from 2Q13 driven by investments in technology and staff support $ in millions Net interest income 1 $952 ($45) ($57) Noninterest income 3,631 (384) 446 Total revenue, net of interest expense 1, 2 4,583 (429) 389 Provis ion for credit losses 19 0 35 Noninterest expense 2,862 (215) 92 Income tax expense 1 601 (7) 123 Net income $1,101 ($207) $139 Key Indicators ($ in billions) Average trading-related assets $459.9 $437.1 $491.0 Average loans and leases 63.6 63.7 56.4 IB fees 0.8 0.7 0.7 Sales and trading revenue 3.5 4.2 3.5 Sales and trading revenue (excl . net DVA) 3 3.4 4.1 3.4 FICC (excl . net DVA) 4 2.4 2.9 2.3 Equities (excl . net DVA) 4 1.0 1.2 1.2 Average VaR ($ in MM) 5 51 71 69 Return on average a l located capita l 6 13.0 % 15.6 % 12.9 % Al located capita l 6 $34.0 $34.0 $30.0 Inc/(Dec) 2Q14 1Q14 2Q13 2Q14 1Q14 2Q13

• Net income improvement from 1Q14 driven by the absence of the 1Q14 annual retirement-eligible incentive compensation costs and improvement in provision for credit losses, partially offset by lower equity investment gains • Revenue was impacted by the following selected items: • Provision improved from 1Q14, primarily driven by $0.2B of recoveries on bulk sales of nonperforming loans • Noninterest expense decreased from 1Q14, driven by the absence of the 1Q14 annual retirement-eligible incentive compensation costs $ in millions Equity investment income $56 $674 $576 Gains on sales of debt securi ties 382 357 452 U.K. payment protection insurance provis ion 3 (43) (141) (29) 2Q14 1Q14 2Q13 ____________________ 1 All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass the whole- loan residential mortgage portfolio and investment securities, interest rate and foreign currency risk management activities including the residual net interest income allocation, the impact of certain allocation methodologies and accounting hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include Global Principal Investments and certain other investments. Additionally, All Other includes certain residential mortgage loans that are managed by LAS. During 1Q14, the management of structured liabilities and the associated DVA (previously referred to as fair value adjustments on structured liabilities) were moved into Global Markets from All Other to better align the performance risk of these instruments. Prior periods have been reclassified to conform to current period presentation. 2 FTE basis. 3 In the U.K., we previously sold payment protection insurance through our international card services business to credit card and consumer loan customers. 14 All Other 1 $ in millions Net interest income 2 ($76) $74 ($348) Noninterest income (78) (537) (375) Total revenue, net of interest expense 2 (154) (463) (723) Provis ion for credit losses (246) (111) (67) Noninterest expense 431 (1,251) (131) Income tax expense (benefi t) 2 (466) 584 (119) Net income $127 $315 ($406) Key Indicators ($ in billi s) Average loans and leases $210.6 $217.4 $238.9 Average depos its 35.9 34.4 34.0 Book va lue of Global Principal Investments 1.1 1.3 2.2 Total BAC equity investme t exposure 11.5 12.0 14.3 Inc/(Dec) 1Q14 2Q13 2Q14 1Q14 2Q13 2Q14

Key Takeaways 15 • Business performance showed good progress – Solid client activity across all segments – Global Banking, Global Markets and Global Wealth & Investment Management grew revenue from 2Q13 – Consumer and Business Banking improved earnings 29% from 2Q13 – Legacy Assets and Servicing reduced delinquent loans and associated costs • Continued progress on legacy issues – Completed a definitive agreement with AIG  Resolves all outstanding RMBS litigation with AIG  AIG agreed to withdraw its objection to the Bank of New York Mellon PLS settlement (Article 77 Proceeding) – Increased reserves for previously disclosed legacy mortgage-related matters • Further strengthened capital and liquidity levels • Lowered costs to drive improved efficiency • Asset quality improved to decade lows

Appendix

____________________ 1 FTE basis. FTE basis for the total Corporation and pre-tax, pre-provision earnings are non-GAAP financial measures. 2 For reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. Results by Business Segment $ in millions Total Corporation CBB CRES GWIM Global Banking Global Markets All Other Net interest income 1, 2 $10,226 $4,929 $697 $1,485 $2,239 $952 ($76) Card income 1,441 1,166 - 46 102 39 88 Service charges 1,866 1,091 - 19 680 76 - Investment and brokerage services 3,291 62 - 2,642 36 540 11 Investment banking income (loss) 1,631 2 (1) 75 834 760 (39) Equity investment income 357 41 - 1 - 259 56 Trading account profits (losses) 1,832 (1) 3 45 34 1,768 (17) Mortgage banking income (loss) 527 - 606 1 - - (80) Gains (losses) on sales of debt securities 382 - 7 - - (7) 382 Other income (loss) 407 83 78 275 254 196 (479) Total noninterest income 11,734 2,444 693 3,104 1,940 3,631 (78) Total revenue, net of interest expense 1, 2 21,960 7,373 1,390 4,589 4,179 4,583 (154) Total noninterest expense 18,541 4,000 5,902 3,447 1,899 2,862 431 Pre-tax, pre-provision earnings (loss) 1, 2 3,419 3,373 (4,512) 1,142 2,280 1,721 (585) Provision for credit losses 411 534 (20) (8) 132 19 (246) Income (loss) before income taxes 1, 2 3,008 2,839 (4,492) 1,150 2,148 1,702 (339) Income tax expense (benefit) 1, 2 717 1,051 (1,690) 426 795 601 (466) Net income (loss) $2,291 $1,788 ($2,802) $724 $1,353 $1,101 $127 2Q14 17

Business Metrics Reflect Progress Consumer Metrics 18 Avg. Consumer and Business Banking Deposits ($B) and Rate Paid (bps) Mobile Banking Active Accounts (units in MM) 1 Banking Centers 5,594 5,328 5,023 3,000 4,000 5,000 6,000 2Q12 2Q13 2Q14 $72.2 $84.2 $105.9 $0 $20 $40 $60 $80 $100 $120 2Q12 2Q13 2Q14 $474 $522 $544 19 12 6 0 10 20 30 40 $0 $100 $200 $300 $400 $500 $600 2Q12 2Q13 2Q14 Average deposits Rate paid on deposits (bps) 782 957 1,128 59% 63% 65% 0% 25% 50% 75% 100% 0 300 600 900 1,200 2Q12 2Q13 2Q14 New card issuance % w/existing relationship 10.3 13.2 15.5 7% 10% 0% 5% 10% 15% 20% 0 5 10 15 20 2Q12 2Q13 2Q14 Mobile banking active accounts Mobile % of total deposit transactions 1,059 1,121 1,229 667 744 879 237 235 237 104 115 123 $2,067 $2,215 $2,468 $500 $1,000 $1,500 $2,000 $2,500 2Q12 2Q13 2Q14 Other client balances Assets under management Client deposits Loans and leases Merrill Edge Brokerage Assets ($B) Total U.S. Consumer New Card Issuance (units in 000’s) GWIM Client Balances ($B) 2 ____________________ 1 Mobile check deposits capability launched in mid-2012. 2 Loans and leases include margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

Business Metrics Reflect Progress Banking and Markets Metrics 19 ____________________ 1 FTE basis. Represents a non-GAAP financial measure. 2 Represents a non-GAAP financial measure. During 1Q14, the management of structured liabilities and the associated DVA were moved into Global Markets from All Other to better align the performance risk of these instruments. As such, net DVA represents the combined total of net DVA on derivatives and structured liabilities. Prior periods have been reclassified to conform to current period presentation. Net DVA results were gains (losses) of $69MM, $49MM and ($220)MM for 2Q14, 2Q13 and 2Q12, respectively. Amounts may not total due to rounding. 3 VaR model uses historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level. 4 Source: Bloomberg and based on share of S&P 500. Market Share in U.S. Cash Equities 4 Avg. Global Banking Loans ($B) Global Banking Revenue ($B) 1 Sales & Trading Revenue (excl. DVA) ($B) 2 Avg. Global Banking Deposits ($B) Avg. Trading-related Assets ($B) and VaR ($MM) 3 13.5% 14.6% 14.8% 0% 4% 8% 12% 16% 2Q12 2Q13 2Q14 1.6 1.8 1.7 1.5 1.5 1.6 0.8 0.8 0.9 $3.9 $4.1 $4.2 $0 $1 $2 $3 $4 $5 2Q12 2Q13 2Q14 Commercial Bank Corporate Bank Investment Bank 2.5 2.3 2.4 0.8 1.2 1.0 $3.3 $3.4 $3.4 $0 $1 $2 $3 $4 2Q12 2Q13 2Q14 FICC Equities 150 158 181 63 69 78 $213 $227 $259 $0 $50 $100 $150 $200 $250 $300 2Q12 2Q13 2Q14 Noninterest-bearing Interest-bearing $460 $491 $460 $63 $69 $51 $0 $25 $50 $75 $100 $125 $150 $0 $100 $200 $300 $400 $500 $600 2Q12 2Q13 2Q14 Trading-related assets Avg VaR $220 $256 $271 $0 $100 $200 $300 2Q12 2Q13 2Q14

Representations and Warranties Exposure 1 20 ____________________ 1 Exposures identified above relate only to repurchase claims associated with purported representations and warranties breaches. They do not include any exposures associated with related litigation matters; separate foreclosure costs and related costs and assessments; or possible losses related to potential claims for breaches of performance of servicing obligations, potential securities law or fraud claims, potential indemnity or other claims against us, including claims related to loans guaranteed by the FHA. If adverse to us, the aforementioned items could have a material adverse effect on our financial results in future periods. 2 Mix for new claim trends is calculated based on last four quarters. 3 Level of reserves established and RPL are subject to adjustments in future periods based on a number of factors including ultimate resolution of the BNY Mellon settlement, changes in estimated repurchase rates, economic conditions, home prices, consumer and counterparty behavior, the applicable statute of limitations and a variety of judgmental factors. 4 Does not include litigation reserves established. In addition, the company currently estimates the RPL could be up to $4B over accruals at June 30, 2014, unchanged from March 31, 2014. The remaining RPL covers principally non- GSE exposures. 5 Refer to pages 54-57 of the Corporation’s 2013 Annual Report on Form 10-K on file with the SEC for additional disclosures. $ in millions 2Q13 3Q13 4Q13 1Q14 2Q14 GSEs $1,035 $998 $170 $124 $76 Private 13,826 14,649 17,953 18,604 20,551 Monolines 1,535 1,533 1,532 1,536 1,085 Total $16,396 $17,180 $19,655 $20,264 $21,712 Outstanding Claims by Counterparty (UPB) $ in millions Pre 2005 $30 $48 $42 $96 $24 2 % 2005 37 207 278 74 72 7 2006 430 826 1,614 973 351 42 2007 561 303 1,826 50 1,948 45 2008 39 112 30 11 4 2 Post 2008 74 60 38 48 39 2 New Claims $1,171 $1,556 $3,828 $1,252 $2,438 % GSEs 40 % 32 % 10 % 12 % 4 % Rescinded claims $409 $412 $471 $162 $255 Approved repurchases 351 269 270 177 240 New Claim Trends (UPB) Mix 21Q14 2Q142Q13 3Q13 4Q13 Counterparty Original Balance Outstanding Balance Have Paid Reserves Established 3, 4 Commentary 3, 5 GSE - Whole loans $1,118 $215 FHLMC and FNMA Agreements Second-lien monoline 81 10 Completed agreements with Assured, Syncora, MBIA and FGIC Whole loans sold 55 10 Reserves established Private lab l (CFC issued) 409 102 BNY Mellon settlement received court approval and pending appeal Private label (non CFC bank issued) 244 42 Reserves established; Included in RPL Private label (3rd party issued) 176 43 Reserves established; Included in RPL $2,083 $422 $25.2 $12.1 Reserves Established (Balances Shown for 2004-2008 Originations) ($B) 2Q14, 1Q14 and 4Q13 include new claims of $1.9B, $0.9B and $2.7B submitted without individual loan file reviews 2Q14 includes outstanding claims of $6.8B submitted without individual loan file reviews

____________________ 1 Excludes FVO loans. 2 Excludes write-offs of PCI loans of $70MM and $281MM related to residential mortgage and $90MM and $110MM related to home equity for 2Q14 and 1Q14. Net charge-off ratios including the PCI write-offs for residential mortgage were 0.06% and 0.67%, and for home equity were 1.46% and 1.81% for 2Q14 and 1Q14. 3 Loan-to-value (LTV) calculations apply to the residential mortgage portfolio. Combined loan-to-value (CLTV) calculations apply to the home equity portfolio. Home Loans Asset Quality Key Indicators 21 Loans end of period $237,136 $138,751 $242,977 $141,428 $89,499 $83,432 $91,476 $85,141 Loans average 241,432 141,735 245,562 143,336 90,568 84,375 92,592 86,160 Net charge-offs 2 ($35) ($35) $127 $127 $239 $239 $302 $302 % of average loans (0.06) % (0.10) % 0.21 % 0.36 % 1.06 % 1.14 % 1.32 % 1.42 % Allowance for loan losses $3,214 $2,195 $3,502 $2,337 $3,694 $2,877 $4,054 $3,117 % of loans 1.36 % 1.58 % 1.44 % 1.65 % 4.13 % 3.45 % 4.43 % 3.66 % Average refreshed (C)LTV 3 66 66 71 70 90%+ refreshed (C)LTV 3 15 % 15 % 26 % 26 % Average refreshed FICO 735 732 746 745 % below 620 FICO 9 % 10 % 7 % 7 % $ in mi l l ions Residential Mortgage 1 Home Equity 1 2Q14 1Q14 2Q14 1Q14 As Reported Excluding Purchased Credit-impaired and Ful ly-insured Loans As Reported Excluding Purchased Credit-impaired and Ful ly-insured Loans As Reported Excluding Purchased Credit-impaired Loans As Reported Excluding Purchased Credit-impaired Loans

____________________ 1 Regulatory capital ratios are preliminary. For important presentation information, see slide 24. 2 On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting CET1 capital and Tier 1 capital. $ in millions Regulatory Capital – Basel 3 transition to fully phased-in Common equity tier 1 capital (transition) $153,582 $150,922 Adjustments and deductions recognized in Tier 1 capital during transition (10,547) (11,302) Other adjustments and deductions phased in during transition (5,852) (9,474) Common equity tier 1 capital (fully phased-in) $137,183 $130,146 Risk-weighted Assets – As reported to Basel 3 (fully phased-in) As reported risk-weighted assets $1,282,720 $1,282,117 Change in risk-weighted assets from reported to fully phased-in 154,240 165,332 Basel 3 Standardized approach risk-weighted assets (fully phased-in) 1,436,960 1,447,449 Change in risk-weighted assets for advanced models (49,464) (86,234) Basel 3 Advanced approaches risk-weighted assets (fully phased-in) $1,387,496 1,361,215$ Regulatory Capital Ratios Basel 3 Standardized approach common equity tier 1 (transition) 12.0 % 11.8 % Basel 3 Standardized approach common equity tier 1 (fully phased-in) 9.5 9.0 Basel 3 Advanced approaches common equity tier 1 (fully phased-in) 9.9 9.6 June 30 2014 March 31 2014 June 30 2014 June 30 2014 March 31 2014 March 31 2014 22 Regulatory Capital Reconciliations 1, 2

Forward-Looking Statements 23 Bank of America and its management may make certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “anticipates,” “targets,” “expects,” “hopes,” “estimates,” “intends,” “plans,” “goals,” “believes,” “continue” and other similar expressions or future or conditional verbs such as “will,” “may,” “might,” “should,” “would” and “could.” The forward-looking statements made in this presentation represent Bank of America's current expectations, plans or forecasts of its future results and revenues, and future business and economic conditions more generally, and other matters. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America’s control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. You should not place undue reliance on any forward-looking statement and should consider the following uncertainties and risks, as well as the risks and uncertainties more fully discussed under Item 1A. Risk Factors of Bank of America's 2013 Annual Report on Form 10-K, and in any of Bank of America's subsequent Securities and Exchange Commission filings: the potential negative impacts of the Company’s prior adjustment to its regulatory capital ratios, including without limitation the results of the Federal Reserve's review of the resubmitted Comprehensive Capital Analysis and Review, or the revised capital actions that have been resubmitted to the Federal Reserve; the Company's ability to resolve representations and warranties repurchase claims made by monolines and private-label and other investors, including as a result of any adverse court rulings, and the chance that the Company could face related servicing, securities, fraud, indemnity or other claims from one or more counterparties, including monolines or private-label and other investors; the possibility that final court approval of negotiated settlements is not obtained; the possibility that the court decision with respect to the BNY Mellon Settlement is overturned on appeal in whole or in part; potential claims, damages, penalties and fines resulting from pending or future litigation and regulatory proceedings, including proceedings instituted by the U.S. Department of Justice, state Attorneys General and other members of the RMBS Working Group of the Financial Fraud Enforcement Task Force concerning mortgage-related matters; the possibility that the European Commission will impose remedial measures in relation to its investigation of the Company's competitive practices; the possible outcome of LIBOR, other reference rate and foreign exchange inquiries and investigations; the possibility that future representations and warranties losses may occur in excess of the Company's recorded liability and estimated range of possible loss for its representations and warranties exposures; the possibility that the Company may not collect mortgage insurance claims; the possibility that future claims, damages, penalties and fines may occur in excess of the Company’s recorded liability and estimated range of possible losses for litigation exposures; uncertainties about the financial stability and growth rates of non-U.S. jurisdictions, the risk that those jurisdictions may face difficulties servicing their sovereign debt, and related stresses on financial markets, currencies and trade, and the Company's exposures to such risks, including direct, indirect and operational; uncertainties related to the timing and pace of Federal Reserve tapering of quantitative easing, and the impact on global interest rates, currency exchange rates, and economic conditions in a number of countries; the possibility of future inquiries or investigations regarding pending or completed foreclosure activities; the possibility that unexpected foreclosure delays could impact the rate of decline of default-related servicing costs; uncertainty regarding timing and the potential impact of regulatory capital and liquidity requirements (including Basel 3); the negative impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the Company's businesses and earnings, including as a result of additional regulatory interpretation and rulemaking and the success of the Company's actions to mitigate such impacts; the potential impact of implementing and conforming to the Volcker Rule; the potential impact of future derivative regulations; adverse changes to the Company's credit ratings from the major credit rating agencies; estimates of the fair value of certain of the Company's assets and liabilities; reputational damage that may result from negative publicity, fines and penalties from regulatory violations and judicial proceedings; the Company's ability to fully realize the anticipated cost savings in Legacy Assets & Servicing and the anticipated cost savings and benefits from Project New BAC, including in accordance with currently anticipated timeframes; a failure in or breach of the Company’s operational or security systems or infrastructure, or those of third parties with which we do business, including as a result of cyber attacks; the impact on the Company's business, financial condition and results of operations of a potential higher interest rate environment; and other similar matters. Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.

• The information contained herein is preliminary and based on Company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying slides. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. • Certain prior period amounts have been reclassified to conform to current period presentation. • The Company's fully phased-in Basel 3 estimates and the supplementary leverage ratio are based on its current understanding of the Standardized and Advanced approaches under the Basel 3 rules, assuming all relevant regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from removal of the Comprehensive Risk Measure surcharge. These estimates will evolve over time as the Company's businesses change and as a result of further rulemaking or clarification by U.S. regulatory agencies. The Basel 3 rules require approval by banking regulators of certain models used as part of risk-weighted asset calculations. If these models are not approved, the Company's capital ratio would likely be adversely impacted, which in some cases could be significant. The Company continues to evaluate the potential impact of proposed rules and anticipates it will be in compliance with any final rules by the proposed effective dates. • Certain financial measures contained herein represent non-GAAP financial measures. For more information about the non-GAAP financial measures contained herein, please see the presentation of the most directly comparable financial measures calculated in accordance with GAAP and accompanying reconciliations in the earnings press release for the quarter ended June 30, 2014 and other earnings-related information available through the Bank of America Investor Relations web site at: http://investor.bankofamerica.com. • The Company allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. The Company's internal risk-based capital models use a risk-adjusted methodology incorporating each segment's credit, market, interest rate, business and operational risk components. Allocated capital is reviewed periodically and refinements are made based on multiple considerations that include, but are not limited to, business segment exposures and risk profile, regulatory constraints and strategic plans. As part of this process, in the first quarter of 2014, the Company adjusted the amount of capital being allocated to its business segments. This change resulted in a reduction of the unallocated capital, which is reflected in All Other, and an aggregate increase to the amount of capital being allocated to the business segments. Prior periods were not restated. Important Presentation Information 24

EX-99.3

Supplemental Information

Second Quarter 2014

This information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in Bank of America’s reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC’s website (www.sec.gov) or at Bank of America’s website (www.bankofamerica.com). Bank of America’s future financial performance is subject to risks and uncertainties as described in its SEC filings.

Bank of America Corporation and Subsidiaries
Table of Contents	Page
Consolidated Financial Highlights	2
Supplemental Financial Data	3
Consolidated Statement of Income	4
Consolidated Statement of Comprehensive Income	5
Consolidated Balance Sheet	6
Capital Management	8
Regulatory Capital Reconciliations	9
Net Interest Income Excluding Trading-related Net Interest Income	10
Quarterly Average Balances and Interest Rates	11
Year-to-Date Average Balances and Interest Rates	13
Debt Securities and Available-for-Sale Marketable Equity Securities	15
Quarterly Results by Business Segment	16
Year-to-Date Results by Business Segment	17
Consumer & Business Banking
Total Segment Results	18
Business Results	19
Key Indicators	22
Consumer Real Estate Services
Total Segment Results	23
Business Results	24
Key Indicators	27
Global Wealth & Investment Management
Total Segment Results	28
Key Indicators	29
Global Banking
Total Segment Results	30
Key Indicators	31
Investment Banking Product Rankings	32
Global Markets
Total Segment Results	33
Key Indicators	34
All Other
Total Results	35
Equity Investments	36
Outstanding Loans and Leases	37
Quarterly Average Loans and Leases by Business Segment	38
Commercial Credit Exposure by Industry	39
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating	40
Top 20 Non-U.S. Countries Exposure	41
Select European Countries	42
Nonperforming Loans, Leases and Foreclosed Properties	43
Nonperforming Loans, Leases and Foreclosed Properties Activity	44
Quarterly Net Charge-offs and Net Charge-off Ratios	45
Year-to-Date Net Charge-offs and Net Charge-off Ratios	46
Allocation of the Allowance for Credit Losses by Product Type	47
Exhibit A: Non-GAAP Reconciliations	48

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Income statement
Net interest income	$	20,098		$	21,213		$	10,013		$	10,085		$	10,786		$	10,266		$	10,549
Noninterest income	24,215			24,711			11,734			12,481			10,702			11,264			12,178
Total revenue, net of interest expense	44,313			45,924			21,747			22,566			21,488			21,530			22,727
Provision for credit losses	1,420			2,924			411			1,009			336			296			1,211
Noninterest expense	40,779			35,518			18,541			22,238			17,307			16,389			16,018
Income tax expense (benefit)	99			1,987			504			(405		)	406			2,348			1,486
Net income (loss)	2,015			5,495			2,291			(276		)	3,439			2,497			4,012
Preferred stock dividends	494			814			256			238			256			279			441
Net income (loss) applicable to common shareholders	1,521			4,681			2,035			(514		)	3,183			2,218			3,571
Diluted earnings (loss) per common share (1)	0.14			0.42			0.19			(0.05		)	0.29			0.20			0.32
Average diluted common shares issued and outstanding (1)	10,599,641			11,549,693			11,265,123			10,560,518			11,404,438			11,482,226			11,524,510
Dividends paid per common share	$	0.02		$	0.02		$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Performance ratios
Return on average assets	0.19		%	0.50		%	0.42		%	n/m			0.64		%	0.47		%	0.74		%
Return on average common shareholders' equity	1.38			4.32			3.68			n/m			5.74			4.06			6.55
Return on average tangible common shareholders' equity (2)	2.05			6.53			5.47			n/m			8.61			6.15			9.88
Return on average tangible shareholders' equity (2)	2.49			6.84			5.64			n/m			8.53			6.32			9.98
At period end
Book value per share of common stock	$	21.16		$	20.18		$	21.16		$	20.75		$	20.71		$	20.50		$	20.18
Tangible book value per share of common stock (2)	14.24			13.32			14.24			13.81			13.79			13.62			13.32
Market price per share of common stock:
Closing price	$	15.37		$	12.86		$	15.37		$	17.20		$	15.57		$	13.80		$	12.86
High closing price for the period	17.92			13.83			17.34			17.92			15.88			14.95			13.83
Low closing price for the period	14.51			11.03			14.51			16.10			13.69			12.83			11.44
Market capitalization	161,628			138,156			161,628			181,117			164,914			147,429			138,156
Number of banking centers - U.S.	5,023			5,328			5,023			5,095			5,151			5,243			5,328
Number of branded ATMs - U.S.	15,976			16,354			15,976			16,214			16,259			16,201			16,354
Full-time equivalent employees	233,201			257,158			233,201			238,560			242,117			247,943			257,158

⁽¹⁾  The diluted earnings (loss) per common share excludes the effect of any equity instruments that are antidilutive to earnings per share. There were no potential common shares that were dilutive in the first quarter of 2014 because of the net loss.

⁽²⁾  Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 2

Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)
Fully taxable-equivalent (FTE) basis data(1)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income	$	20,512		$	21,646		$	10,226		$	10,286		$	10,999		$	10,479		$	10,771
Total revenue, net of interest expense	44,727			46,357			21,960			22,767			21,701			21,743			22,949
Net interest yield (2)	2.26		%	2.36		%	2.22		%	2.29		%	2.44		%	2.33		%	2.35		%
Efficiency ratio	91.17			76.62			84.43			97.68			79.75			75.38			69.80

⁽¹⁾  FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. Prior period yields have been reclassified to conform to current period presentation.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 3

Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30					Second Quarter 2014		First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013		Second Quarter 2013
	2014		2013
Interest income
Loans and leases	$	17,395	$	18,238		$	8,635	$	8,760		$	9,086		$	9,146	$	9,060
Debt securities	4,121		5,097			2,124		1,997			2,447			2,205		2,548
Federal funds sold and securities borrowed or purchased under agreements to resell	562		634			297		265			304			291		319
Trading account assets	2,352		2,518			1,175		1,177			1,139			1,049		1,181
Other interest income	1,446		1,439			710		736			736			691		717
Total interest income	25,876		27,926			12,941		12,935			13,712			13,382		13,825
Interest expense
Deposits	573		748			282		291			314			334		366
Short-term borrowings	1,372		1,558			763		609			682			683		809
Trading account liabilities	833		899			398		435			364			375		427
Long-term debt	3,000		3,508			1,485		1,515			1,566			1,724		1,674
Total interest expense	5,778		6,713			2,928		2,850			2,926			3,116		3,276
Net interest income	20,098		21,213			10,013		10,085			10,786			10,266		10,549
Noninterest income
Card income	2,834		2,879			1,441		1,393			1,503			1,444		1,469
Service charges	3,692		3,636			1,866		1,826			1,870			1,884		1,837
Investment and brokerage services	6,560		6,170			3,291		3,269			3,117			2,995		3,143
Investment banking income	3,173		3,091			1,631		1,542			1,738			1,297		1,556
Equity investment income	1,141		1,243			357		784			474			1,184		680
Trading account profits	4,299		4,927			1,832		2,467			863			1,266		1,938
Mortgage banking income	939		2,441			527		412			848			585		1,178
Gains on sales of debt securities	759		525			382		377			390			356		457
Other income (loss)	818		(201		)	407		411			(101		)	253		(80		)
Total noninterest income	24,215		24,711			11,734		12,481			10,702			11,264		12,178
Total revenue, net of interest expense	44,313		45,924			21,747		22,566			21,488			21,530		22,727
Provision for credit losses	1,420		2,924			411		1,009			336			296		1,211
Noninterest expense
Personnel	18,055		18,422			8,306		9,749			7,987			8,310		8,531
Occupancy	2,194		2,263			1,079		1,115			1,116			1,096		1,109
Equipment	1,080		1,082			534		546			526			538		532
Marketing	892		866			450		442			457			511		437
Professional fees	1,184		1,343			626		558			839			702		694
Amortization of intangibles	474		550			235		239			266			270		274
Data processing	1,594		1,591			761		833			800			779		779
Telecommunications	694		820			324		370			376			397		411
Other general operating	14,612		8,581			6,226		8,386			4,940			3,786		3,251
Total noninterest expense	40,779		35,518			18,541		22,238			17,307			16,389		16,018
Income (loss) before income taxes	2,114		7,482			2,795		(681		)	3,845			4,845		5,498
Income tax expense (benefit)	99		1,987			504		(405		)	406			2,348		1,486
Net income (loss)	$	2,015	$	5,495		$	2,291	$	(276	)	$	3,439		$	2,497	$	4,012
Preferred stock dividends	494		814			256		238			256			279		441
Net income (loss) applicable to common shareholders	$	1,521	$	4,681		$	2,035	$	(514	)	$	3,183		$	2,218	$	3,571
Per common share information
Earnings (loss)	$	0.14	$	0.43		$	0.19	$	(0.05	)	$	0.30		$	0.21	$	0.33
Diluted earnings (loss) (1)	0.14		0.42			0.19		(0.05		)	0.29			0.20		0.32
Dividends paid	0.02		0.02			0.01		0.01			0.01			0.01		0.01
Average common shares issued and outstanding	10,539,769		10,787,357			10,519,359		10,560,518			10,633,030			10,718,918		10,775,867
Average diluted common shares issued and outstanding (1)	10,599,641		11,549,693			11,265,123		10,560,518			11,404,438			11,482,226		11,524,510

⁽¹⁾  The diluted earnings (loss) per common share excludes the effect of any equity instruments that are antidilutive to earnings per share. There were no potential common shares that were dilutive in the first quarter of 2014 because of the net loss.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 4

Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014		First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net income (loss)	$	2,015		$	5,495		$	2,291	$	(276	)	$	3,439		$	2,497		$	4,012
Other comprehensive income (loss), net-of-tax:
Net change in available-for-sale debt and marketable equity securities	3,594			(5,139		)	2,305		1,289			(2,396		)	(631		)	(4,233		)
Net change in derivatives	215			185			7		208			227			180			13
Employee benefit plan adjustments	56			133			7		49			536			1,380			48
Net change in foreign currency translation adjustments	(119		)	(91		)	7		(126		)	(1		)	(43		)	(49		)
Other comprehensive income (loss)	3,746			(4,912		)	2,326		1,420			(1,634		)	886			(4,221		)
Comprehensive income (loss)	$	5,761		$	583		$	4,617	$	1,144		$	1,805		$	3,383		$	(209	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 5

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	June 30 2014			March 31 2014			June 30 2013
Assets
Cash and due from banks	$	31,969		$	31,099		$	38,811
Interest-bearing deposits with the Federal Reserve and non-U.S. central banks	120,930			120,546			60,017
Cash and cash equivalents	152,899			151,645			98,828
Time deposits placed and other short-term investments	8,646			12,793			12,916
Federal funds sold and securities borrowed or purchased under agreements to resell	229,449			215,299			224,168
Trading account assets	196,952			195,949			191,234
Derivative assets	47,892			45,302			56,772
Debt securities:
Carried at fair value	292,861			285,576			281,481
Held-to-maturity, at cost	60,022			55,120			54,922
Total debt securities	352,883			340,696			336,403
Loans and leases	911,899			916,217			921,570
Allowance for loan and lease losses	(15,811		)	(16,618		)	(21,235		)
Loans and leases, net of allowance	896,088			899,599			900,335
Premises and equipment, net	10,145			10,351			10,836
Mortgage servicing rights	4,368			4,765			5,839
Goodwill	69,810			69,842			69,930
Intangible assets	5,099			5,337			6,104
Loans held-for-sale	9,200			12,317			14,549
Customer and other receivables	65,475			64,135			67,526
Other assets	121,651			121,821			127,880
Total assets	$	2,170,557		$	2,149,851		$	2,123,320
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	7,236		$	8,052		$	6,507
Derivative assets	25			23			173
Loans and leases	102,799			104,556			113,045
Allowance for loan and lease losses	(2,326		)	(2,614		)	(3,157		)
Loans and leases, net of allowance	100,473			101,942			109,888
Loans held-for-sale	601			1,294			1,876
All other assets	3,946			3,970			3,927
Total assets of consolidated variable interest entities	$	112,281		$	115,281		$	122,371

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 6

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	June 30 2014			March 31 2014			June 30 2013
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	390,976		$	375,190		$	352,442
Interest-bearing	662,823			676,328			654,370
Deposits in non-U.S. offices:
Noninterest-bearing	7,224			9,056			6,925
Interest-bearing	73,306			73,076			67,046
Total deposits	1,134,329			1,133,650			1,080,783
Federal funds purchased and securities loaned or sold under agreements to repurchase	217,829			203,108			232,609
Trading account liabilities	88,342			89,076			82,381
Derivative liabilities	38,647			36,911			48,532
Short-term borrowings	45,873			51,409			46,470
Accrued expenses and other liabilities (includes $503, $509 and $474 of reserve for unfunded lending commitments)	151,055			149,024			139,033
Long-term debt	257,071			254,785			262,480
Total liabilities	1,933,146			1,917,963			1,892,288
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,468,790, 3,407,790 and 3,445,843shares	14,846			13,352			14,241
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,515,824,628, 10,530,045,485 and 10,743,097,956 shares	153,468			153,696			157,192
Retained earnings	73,808			71,877			67,308
Accumulated other comprehensive income (loss)	(4,711		)	(7,037		)	(7,709		)
Total shareholders' equity	237,411			231,888			231,032
Total liabilities and shareholders' equity	$	2,170,557		$	2,149,851		$	2,123,320
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	927		$	1,176		$	1,421
Long-term debt	16,333			18,338			25,946
All other liabilities	93			179			390
Total liabilities of consolidated variable interest entities	$	17,353		$	19,693		$	27,757

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 7

Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	Basel 3 Transition						Basel 1
	June 30 2014			March 31 2014			December 31 2013			September 30 2013			June 30 2013
Risk-based capital metrics (1, 2):
Common equity tier 1 capital	$	153,582		$	150,922		n/a			n/a			n/a
Tier 1 common capital	n/a			n/a			$	141,522		$	139,410		$	136,546
Tier 1 capital	160,760			152,936			157,742			155,593			153,716
Total capital	197,000			190,124			196,567			194,585			193,779
Risk-weighted assets	1,282,720			1,282,117			1,297,593			1,289,501			1,288,207
Common equity tier 1 capital ratio	12.0		%	11.8		%	n/a			n/a			n/a
Tier 1 common capital ratio (3)	n/a			n/a			10.9		%	10.8		%	10.6		%
Tier 1 capital ratio	12.5			11.9			12.2			12.1			11.9
Total capital ratio	15.4			14.8			15.1			15.1			15.0
Tier 1 leverage ratio	7.7			7.4			7.7			7.6			7.4
Tangible equity ratio (4)	7.85			7.65			7.86			7.73			7.67
Tangible common equity ratio (4)	7.14			7.00			7.20			7.08			6.98

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽²⁾  On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity tier 1 capital and Tier 1 capital. We reported under Basel 1 (which included the Market Risk Final Rules) at December 31, 2013, September 30, 2013 and June 30, 2013.

⁽³⁾  Tier 1 common capital ratio equals Tier 1 capital excluding preferred stock, trust preferred securities, hybrid securities and minority interest divided by risk-weighted assets.

⁽⁴⁾  Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders' equity divided by period-end tangible assets. Tangible shareholders' equity and tangible assets are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 48-51.)

n/a = not applicable

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 8

Bank of America Corporation and Subsidiaries
Regulatory Capital Reconciliations (1, 2)
(Dollars in millions)
							December 31 2013
Regulatory capital – Basel 1 to Basel 3 (fully phased-in)
Basel 1 Tier 1 capital							$	157,742
Deduction of qualifying preferred stock and trust preferred securities							(16,220		)
Basel 1 Tier 1 common capital							141,522
Deduction of defined benefit pension assets							(829		)
Deferred tax assets and threshold deductions (deferred tax asset temporary differences, MSRs and significant investments)							(5,459		)
Net unrealized losses in accumulated OCI on AFS debt and certain marketable equity securities, and employee benefit plans							(5,664		)
Other deductions, net							(1,624		)
Basel 3 common equity tier 1 capital (fully phased-in)							$	127,946
	June 30 2014			March 31 2014
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	153,582		$	150,922
Adjustments and deductions recognized in Tier 1 capital during transition	(10,547		)	(11,302		)
Other adjustments and deductions phased in during transition	(5,852		)	(9,474		)
Common equity tier 1 capital (fully phased-in)	$	137,183		$	130,146
	June 30 2014			March 31 2014			December 31 2013
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
As reported risk-weighted assets	$	1,282,720		$	1,282,117		$	1,297,593
Change in risk-weighted assets from reported to fully phased-in	154,240			165,332			162,731
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	1,436,960			1,447,449			1,460,324
Change in risk-weighted assets for advanced models	(49,464		)	(86,234		)	(133,027		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in)	$	1,387,496		$	1,361,215		$	1,327,297
Regulatory capital ratios
Basel 1 Tier 1 common	n/a			n/a			10.9		%
Basel 3 Standardized approach common equity tier 1 (transition)	12.0		%	11.8		%	n/a
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	9.5			9.0			8.8
Basel 3 Advanced approaches common equity tier 1 (fully phased-in)	9.9			9.6			9.6

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽²⁾  On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity tier 1 capital and Tier 1 capital. We reported under Basel 1 (which included the Market Risk Final Rules) at December 31, 2013. Basel 3 common equity tier 1 capital and risk-weighted assets on a fully phased-in basis are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above. The company's fully phased-in Basel 3 estimates are based on its current understanding of the Standardized and Advanced approaches under the Basel 3 rules, assuming all relevant regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from removal of the Comprehensive Risk Measure surcharge. The Basel 3 rules require approval by banking regulators of certain models used as part of risk-weighted asset calculations. If these models are not approved, the company's capital ratio would likely be adversely impacted, which in some cases could be significant.

n/a = not applicable

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 9

Bank of America Corporation and Subsidiaries
Net Interest Income Excluding Trading-related Net Interest Income
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)
As reported	$	20,512		$	21,646		$	10,226		$	10,286		$	10,999		$	10,479		$	10,771
Impact of trading-related net interest income	(1,758		)	(1,923		)	(858		)	(900		)	(1,046		)	(883		)	(914		)
Net interest income excluding trading-related net interest income (1)	$	18,754		$	19,723		$	9,368		$	9,386		$	9,953		$	9,596		$	9,857
Average earning assets (2)
As reported	$	1,822,177		$	1,845,651		$	1,840,850		$	1,803,298		$	1,798,697		$	1,789,045		$	1,833,541
Impact of trading-related earning assets	(453,105		)	(492,443		)	(463,395		)	(442,700		)	(445,693		)	(446,181		)	(487,288		)
Average earning assets excluding trading-related earning assets (1)	$	1,369,072		$	1,353,208		$	1,377,455		$	1,360,598		$	1,353,004		$	1,342,864		$	1,346,253
Net interest yield contribution (FTE basis) (2, 3)
As reported	2.26		%	2.36		%	2.22		%	2.29		%	2.44		%	2.33		%	2.35		%
Impact of trading-related activities	0.49			0.57			0.50			0.48			0.49			0.51			0.58
Net interest yield on earning assets excluding trading-related activities (1)	2.75		%	2.93		%	2.72		%	2.77		%	2.93		%	2.84		%	2.93		%

⁽¹⁾  Represents a non-GAAP financial measure.

⁽²⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with cash and due from banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period presentation.

⁽³⁾  Calculated on an annualized basis.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 10

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Second Quarter 2014						First Quarter 2014						Second Quarter 2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve and non-U.S. central banks (1)	$	123,582	$	85	0.28	%	$	112,570	$	72	0.26	%	$	64,205	$	40	0.25	%
Time deposits placed and other short-term investments	10,509		39		1.51		13,880		49		1.43		15,088		46		1.21
Federal funds sold and securities borrowed or purchased under agreements to resell	235,393		297		0.51		212,504		265		0.51		233,394		319		0.55
Trading account assets	147,798		1,214		3.29		147,583		1,213		3.32		181,620		1,224		2.70
Debt securities (2)	345,889		2,134		2.46		329,711		2,005		2.41		343,260		2,557		2.98
Loans and leases (3):
Residential mortgage	243,405		2,195		3.61		247,556		2,240		3.62		257,275		2,246		3.49
Home equity	90,729		842		3.72		92,759		851		3.71		101,708		951		3.74
U.S. credit card	88,058		2,042		9.30		89,545		2,092		9.48		89,722		2,192		9.80
Non-U.S. credit card	11,759		308		10.51		11,554		308		10.79		10,613		315		11.93
Direct/Indirect consumer	82,102		524		2.56		81,728		530		2.63		82,485		598		2.90
Other consumer	2,012		17		3.60		1,962		18		3.66		1,756		17		4.17
Total consumer	518,065		5,928		4.58		525,104		6,039		4.64		543,559		6,319		4.66
U.S. commercial	230,487		1,672		2.91		228,058		1,651		2.93		217,464		1,741		3.21
Commercial real estate	48,315		357		2.97		48,753		368		3.06		40,612		340		3.36
Commercial lease financing	24,409		193		3.16		24,727		234		3.78		23,579		205		3.48
Non-U.S. commercial	91,304		570		2.50		92,840		543		2.37		89,020		543		2.45
Total commercial	394,515		2,792		2.84		394,378		2,796		2.87		370,675		2,829		3.06
Total loans and leases	912,580		8,720		3.83		919,482		8,835		3.88		914,234		9,148		4.01
Other earning assets	65,099		665		4.09		67,568		697		4.18		81,740		713		3.50
Total earning assets (4)	1,840,850		13,154		2.86		1,803,298		13,136		2.93		1,833,541		14,047		3.07
Cash and due from banks (1)	27,377						28,258						40,281
Other assets, less allowance for loan and lease losses	301,328						307,710						310,788
Total assets	$	2,169,555					$	2,139,266					$	2,184,610

⁽¹⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with cash and due from banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Beginning in the first quarter of 2014, yields on debt securities carried at fair value are calculated on the cost basis. Prior to the first quarter of 2014, yields on debt securities carried at fair value were calculated based on fair value rather than the cost basis. The use of fair value did not have a material impact on net interest yield.

⁽³⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

⁽⁴⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	Second Quarter 2014				First Quarter 2014				Second Quarter 2013
Federal funds sold and securities borrowed or purchased under agreements to resell		$	14			$	13			$	13
Debt securities		(13		)		(2		)		(48		)
U.S. commercial		(14		)		(16		)		(27		)
Non-U.S. commercial		—				—				(1		)
Net hedge expenses on assets		$	(13	)		$	(5	)		$	(63	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 11

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Second Quarter 2014						First Quarter 2014						Second Quarter 2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	47,450	$	—	—	%	$	45,196	$	1	0.01	%	$	44,897	$	6	0.05	%
NOW and money market deposit accounts	519,399		79		0.06		523,237		83		0.06		500,628		107		0.09
Consumer CDs and IRAs	68,706		70		0.41		71,141		84		0.48		81,887		127		0.63
Negotiable CDs, public funds and other deposits	33,412		29		0.35		29,826		27		0.37		25,835		30		0.45
Total U.S. interest-bearing deposits	668,967		178		0.11		669,400		195		0.12		653,247		270		0.17
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	10,538		19		0.72		11,071		21		0.75		10,840		20		0.72
Governments and official institutions	1,754		—		0.14		1,857		1		0.14		1,528		—		0.19
Time, savings and other	64,091		85		0.53		60,506		74		0.50		55,049		76		0.55
Total non-U.S. interest-bearing deposits	76,383		104		0.55		73,434		96		0.53		67,417		96		0.57
Total interest-bearing deposits	745,350		282		0.15		742,834		291		0.16		720,664		366		0.20
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	271,247		763		1.13		252,971		609		0.98		318,028		809		1.02
Trading account liabilities	95,153		398		1.68		90,448		435		1.95		94,349		427		1.82
Long-term debt	259,825		1,485		2.29		253,678		1,515		2.41		270,198		1,674		2.48
Total interest-bearing liabilities (1)	1,371,575		2,928		0.86		1,339,931		2,850		0.86		1,403,239		3,276		0.94
Noninterest-bearing sources:
Noninterest-bearing deposits	383,213						375,344						359,292
Other liabilities	178,970						187,438						187,016
Shareholders’ equity	235,797						236,553						235,063
Total liabilities and shareholders’ equity	$	2,169,555					$	2,139,266					$	2,184,610
Net interest spread					2.00	%					2.07	%					2.13	%
Impact of noninterest-bearing sources					0.22						0.22						0.22
Net interest income/yield on earning assets			$	10,226	2.22	%			$	10,286	2.29	%			$	10,771	2.35	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

	Second Quarter 2014				First Quarter 2014				Second Quarter 2013
NOW and money market deposit accounts		$	(1	)		$	—			$	(1	)
Consumer CDs and IRAs		12				20				21
Negotiable CDs, public funds and other deposits		4				3				4
Banks located in non-U.S. countries		6				3				3
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		263				257				259
Long-term debt		(905		)		(875		)		(946		)
Net hedge income on liabilities		$	(621	)		$	(592	)		$	(660	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 12

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Six Months Ended June 30
	2014						2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve and non-U.S. central banks (1)	$	118,106	$	157	0.27	%	$	60,676	$	73	0.24	%
Time deposits placed and other short-term investments	12,185		88		1.46		15,606		92		1.19
Federal funds sold and securities borrowed or purchased under agreements to resell	224,012		562		0.51		235,417		634		0.54
Trading account assets	147,691		2,427		3.31		187,957		2,604		2.79
Debt securities (2)	337,845		4,139		2.43		349,794		5,113		2.92
Loans and leases (3):
Residential mortgage	245,469		4,435		3.61		257,949		4,586		3.56
Home equity	91,738		1,693		3.71		103,812		1,948		3.77
U.S. credit card	88,797		4,134		9.39		90,712		4,441		9.87
Non-U.S. credit card	11,657		616		10.65		10,819		644		12.01
Direct/Indirect consumer	81,916		1,054		2.59		82,425		1,218		2.98
Other consumer	1,988		35		3.63		1,710		36		4.26
Total consumer	521,565		11,967		4.61		547,427		12,873		4.73
U.S. commercial	229,279		3,323		2.92		214,103		3,407		3.21
Commercial real estate	48,533		725		3.01		39,899		666		3.37
Commercial lease financing	24,567		427		3.47		23,556		441		3.75
Non-U.S. commercial	92,068		1,113		2.44		85,284		1,010		2.39
Total commercial	394,447		5,588		2.85		362,842		5,524		3.07
Total loans and leases	916,012		17,555		3.85		910,269		18,397		4.07
Other earning assets	66,326		1,362		4.14		85,932		1,446		3.39
Total earning assets (4)	1,822,177		26,290		2.90		1,845,651		28,359		3.09
Cash and due from banks (1)	27,815						38,022
Other assets, less allowance for loan and lease losses	304,502						314,770
Total assets	$	2,154,494					$	2,198,443

⁽¹⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with cash and due form banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Beginning in the first quarter of 2014, yields on debt securities carried at fair value are calculated on the cost basis. Prior to the first quarter of 2014, yields on debt securities carried at fair value were calculated based on fair value rather than the cost basis. The use of fair value did not have a material impact on net interest yield.

⁽³⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

⁽⁴⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	2014				2013
Federal funds sold and securities borrowed or purchased under agreements to resell		$	27			$	24
Debt securities		(15		)		(170		)
U.S. commercial		(30		)		(56		)
Non-U.S. commercial		—				(2		)
Net hedge expenses on assets		$	(18	)		$	(204	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 13

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Six Months Ended June 30
	2014						2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	46,329	$	1	0.01	%	$	43,921	$	12	0.05	%
NOW and money market deposit accounts	521,307		162		0.06		500,901		224		0.09
Consumer CDs and IRAs	69,917		154		0.44		83,489		262		0.63
Negotiable CDs, public funds and other deposits	31,629		56		0.36		24,996		59		0.47
Total U.S. interest-bearing deposits	669,182		373		0.11		653,307		557		0.17
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	10,803		40		0.74		11,498		41		0.72
Governments and official institutions	1,805		1		0.14		1,537		1		0.18
Time, savings and other	62,309		159		0.51		54,499		149		0.55
Total non-U.S. interest-bearing deposits	74,917		200		0.54		67,534		191		0.57
Total interest-bearing deposits	744,099		573		0.16		720,841		748		0.21
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	262,161		1,372		1.06		327,782		1,558		0.96
Trading account liabilities	92,813		833		1.81		93,204		899		1.95
Long-term debt	256,768		3,000		2.34		272,088		3,508		2.59
Total interest-bearing liabilities (1)	1,355,841		5,778		0.86		1,413,915		6,713		0.96
Noninterest-bearing sources:
Noninterest-bearing deposits	379,300						356,790
Other liabilities	183,180						191,714
Shareholders’ equity	236,173						236,024
Total liabilities and shareholders’ equity	$	2,154,494					$	2,198,443
Net interest spread					2.04	%					2.13	%
Impact of noninterest-bearing sources					0.22						0.23
Net interest income/yield on earning assets			$	20,512	2.26	%			$	21,646	2.36	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased(decreased) interest expense on:

	2014				2013
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		32				34
Negotiable CDs, public funds and other deposits		7				7
Banks located in non-U.S. countries		9				6
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		520				519
Long-term debt		(1,780		)		(1,843		)
Net hedge income on liabilities		$	(1,213	)		$	(1,278	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 14

Bank of America Corporation and Subsidiaries
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	June 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
U.S. Treasury and agency securities	$	38,417	$	301	$	(15	)	$	38,703
Mortgage-backed securities:
Agency	161,636		1,571		(1,664		)	161,543
Agency-collateralized mortgage obligations	12,370		132		(61		)	12,441
Non-agency residential	4,818		272		(84		)	5,006
Commercial	2,240		39		(1		)	2,278
Non-U.S. securities	7,034		40		(5		)	7,069
Corporate/Agency bonds	813		18		(3		)	828
Other taxable securities, substantially all asset-backed securities	13,587		38		(10		)	13,615
Total taxable securities	240,915		2,411		(1,843		)	241,483
Tax-exempt securities	8,802		5		(18		)	8,789
Total available-for-sale debt securities	249,717		2,416		(1,861		)	250,272
Other debt securities carried at fair value	43,032		151		(594		)	42,589
Total debt securities carried at fair value	292,749		2,567		(2,455		)	292,861
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	60,022		247		(1,088		)	59,181
Total debt securities	$	352,771	$	2,814	$	(3,543	)	$	352,042
Available-for-sale marketable equity securities (1)	$	276	$	—	$	(36	)	$	240
	March 31, 2014
Available-for-sale debt securities
U.S. Treasury and agency securities	$	29,580	$	108	$	(121	)	$	29,567
Mortgage-backed securities:
Agency	169,216		830		(4,299		)	165,747
Agency-collateralized mortgage obligations	18,464		217		(109		)	18,572
Non-agency residential	5,111		244		(97		)	5,258
Commercial	1,713		26		(5		)	1,734
Non-U.S. securities	7,109		31		(18		)	7,122
Corporate/Agency bonds	831		18		(4		)	845
Other taxable securities, substantially all asset-backed securities	14,695		42		(15		)	14,722
Total taxable securities	246,719		1,516		(4,668		)	243,567
Tax-exempt securities	6,443		4		(33		)	6,414
Total available-for-sale debt securities	253,162		1,520		(4,701		)	249,981
Other debt securities carried at fair value	36,453		82		(940		)	35,595
Total debt securities carried at fair value	289,615		1,602		(5,641		)	285,576
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	55,120		50		(2,064		)	53,106
Total debt securities	$	344,735	$	1,652	$	(7,705	)	$	338,682
Available-for-sale marketable equity securities (1)	$	236	$	—	$	(20	)	$	216

⁽¹⁾  Classified in other assets on the Consolidated Balance Sheet.

Other Debt Securities Carried at Fair Value
(Dollars in millions)	June 30 2014		March 31 2014
U.S. Treasury and agency securities	$	4,242	$	4,182
Mortgage-backed securities:
Agency	16,448		16,290
Agency-collateralized mortgage obligations	—		123
Non-agency residential	3,401		—
Commercial	793		770
Non-U.S. securities (1)	17,395		14,230
Other taxable securities, substantially all asset-backed securities	310		—
Total	$	42,589	$	35,595

⁽¹⁾  These securities are primarily used to satisfy certain international regulatory liquidity requirements.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 15

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment
(Dollars in millions)
	Second Quarter 2014
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,226		$	4,929	$	697		$	1,485		$	2,239	$	952		$	(76	)
Noninterest income	11,734			2,444		693			3,104			1,940		3,631			(78		)
Total revenue, net of interest expense (FTE basis)	21,960			7,373		1,390			4,589			4,179		4,583			(154		)
Provision for credit losses	411			534		(20		)	(8		)	132		19			(246		)
Noninterest expense	18,541			4,000		5,902			3,447			1,899		2,862			431
Income (loss) before income taxes	3,008			2,839		(4,492		)	1,150			2,148		1,702			(339		)
Income tax expense (benefit) (FTE basis)	717			1,051		(1,690		)	426			795		601			(466		)
Net income (loss)	$	2,291		$	1,788	$	(2,802	)	$	724		$	1,353	$	1,101		$	127
Average
Total loans and leases	$	912,580		$	160,240	$	88,257		$	118,512		$	271,417	$	63,579		$	210,575
Total assets (1)	2,169,555			607,853		109,588			268,294			390,997		617,103			175,720
Total deposits	1,128,563			543,566		n/m			240,042			258,937		n/m			35,851
Period end
Total loans and leases	$	911,899		$	161,142	$	88,156		$	120,187		$	270,683	$	66,260		$	205,471
Total assets (1)	2,170,557			612,200		107,650			265,581			407,367		610,395			167,364
Total deposits	1,134,329			545,530		n/m			237,046			270,268		n/m			31,999
	First Quarter 2014
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,286		$	4,951	$	701		$	1,485		$	2,302	$	997		$	(150	)
Noninterest income	12,481			2,487		491			3,062			1,967		4,015			459
Total revenue, net of interest expense (FTE basis)	22,767			7,438		1,192			4,547			4,269		5,012			309
Provision for credit losses	1,009			812		25			23			265		19			(135		)
Noninterest expense	22,238			3,963		8,129			3,359			2,028		3,077			1,682
Income (loss) before income taxes	(480		)	2,663		(6,962		)	1,165			1,976		1,916			(1,238		)
Income tax expense (benefit) (FTE basis)	(204		)	997		(1,935		)	436			740		608			(1,050		)
Net income (loss)	$	(276	)	$	1,666	$	(5,027	)	$	729		$	1,236	$	1,308		$	(188	)
Average
Total loans and leases	$	919,482		$	162,061	$	88,914		$	115,945		$	271,475	$	63,696		$	217,391
Total assets (1)	2,139,266			595,486		110,564			273,080			393,075		601,439			165,622
Total deposits	1,118,178			534,557		n/m			242,792			256,433		n/m			34,381
Period end
Total loans and leases	$	916,217		$	160,127	$	88,355		$	116,482		$	273,239	$	64,598		$	213,416
Total assets (1)	2,149,851			613,173		112,264			274,234			397,017		594,815			158,348
Total deposits	1,133,650			552,211		n/m			244,051			257,502		n/m			32,818
	Second Quarter 2013
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,771		$	5,034	$	699		$	1,505		$	2,252	$	1,009		$	272
Noninterest income	12,178			2,400		1,416			2,994			1,886		3,185			297
Total revenue, net of interest expense (FTE basis)	22,949			7,434		2,115			4,499			4,138		4,194			569
Provision for credit losses	1,211			967		291			(15		)	163		(16		)	(179		)
Noninterest expense	16,018			4,184		3,383			3,270			1,849		2,770			562
Income (loss) before income taxes	5,720			2,283		(1,559		)	1,244			2,126		1,440			186
Income tax expense (benefit) (FTE basis)	1,708			892		(629		)	485			829		478			(347		)
Net income (loss)	$	4,012		$	1,391	$	(930	)	$	759		$	1,297	$	962		$	533
Average
Total loans and leases	$	914,234		$	163,593	$	90,114		$	109,589		$	255,674	$	56,354		$	238,910
Total assets (1)	2,184,610			584,217		122,276			263,735			326,775		656,109			231,498
Total deposits	1,079,956			522,244		n/m			235,344			226,912		n/m			34,017
Period end
Total loans and leases	$	921,570		$	164,851	$	89,257		$	111,785		$	258,503	$	63,127		$	234,047
Total assets (1)	2,123,320			587,655		124,032			263,867			334,167		608,760			204,839
Total deposits	1,080,783			525,085		n/m			235,012			228,934		n/m			34,858

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 16

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment
(Dollars in millions)
	Six Months Ended June 30, 2014
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	20,512	$	9,880	$	1,398		$	2,970	$	4,541	$	1,949		$	(226	)
Noninterest income	24,215		4,931		1,184			6,166		3,907		7,646			381
Total revenue, net of interest expense (FTE basis)	44,727		14,811		2,582			9,136		8,448		9,595			155
Provision for credit losses	1,420		1,346		5			15		397		38			(381		)
Noninterest expense	40,779		7,963		14,031			6,806		3,927		5,939			2,113
Income (loss) before income taxes	2,528		5,502		(11,454		)	2,315		4,124		3,618			(1,577		)
Income tax expense (benefit) (FTE basis)	513		2,048		(3,625		)	862		1,535		1,209			(1,516		)
Net income (loss)	$	2,015	$	3,454	$	(7,829	)	$	1,453	$	2,589	$	2,409		$	(61	)
Average
Total loans and leases	$	916,012	$	161,145	$	88,584		$	117,235	$	271,446	$	63,637		$	213,965
Total assets (1)	2,154,494		601,703		110,073			270,674		392,030		609,315			170,699
Total deposits	1,123,399		539,087		n/m			241,409		257,692		n/m			35,119
Period end
Total loans and leases	$	911,899	$	161,142	$	88,156		$	120,187	$	270,683	$	66,260		$	205,471
Total assets (1)	2,170,557		612,200		107,650			265,581		407,367		610,395			167,364
Total deposits	1,134,329		545,530		n/m			237,046		270,268		n/m			31,999
	Six Months Ended June 30, 2013
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	21,646	$	10,047	$	1,442		$	3,101	$	4,411	$	2,117		$	528
Noninterest income	24,711		4,799		2,985			5,819		3,757		6,856			495
Total revenue, net of interest expense (FTE basis)	46,357		14,846		4,427			8,920		8,168		8,973			1,023
Provision for credit losses	2,924		1,919		626			7		312		(11		)	71
Noninterest expense	35,518		8,349		8,788			6,523		3,685		5,843			2,330
Income (loss) before income taxes	7,915		4,578		(4,987		)	2,390		4,171		3,141			(1,378		)
Income tax expense (benefit) (FTE basis)	2,420		1,745		(1,901		)	911		1,590		1,067			(992		)
Net income (loss)	$	5,495	$	2,833	$	(3,086	)	$	1,479	$	2,581	$	2,074		$	(386	)
Average
Total loans and leases	$	910,269	$	164,713	$	91,531		$	107,845	$	249,903	$	54,529		$	241,748
Total assets (1)	2,198,443		574,452		125,291			272,966		322,036		663,021			240,677
Total deposits	1,077,631		512,424		n/m			244,329		224,132		n/m			34,883
Period end
Total loans and leases	$	921,570	$	164,851	$	89,257		$	111,785	$	258,503	$	63,127		$	234,047
Total assets (1)	2,123,320		587,655		124,032			263,867		334,167		608,760			204,839
Total deposits	1,080,783		525,085		n/m			235,012		228,934		n/m			34,858

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 17

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	9,880		$	10,047		$	4,929		$	4,951		$	4,948		$	5,056		$	5,034
Noninterest income:
Card income	2,328			2,393			1,166			1,162			1,236			1,175			1,186
Service charges	2,136			2,048			1,091			1,045			1,097			1,063			1,035
All other income	467			358			187			280			217			230			179
Total noninterest income	4,931			4,799			2,444			2,487			2,550			2,468			2,400
Total revenue, net of interest expense (FTE basis)	14,811			14,846			7,373			7,438			7,498			7,524			7,434
Provision for credit losses	1,346			1,919			534			812			427			761			967
Noninterest expense	7,963			8,349			4,000			3,963			4,026			3,983			4,184
Income before income taxes	5,502			4,578			2,839			2,663			3,045			2,780			2,283
Income tax expense (FTE basis)	2,048			1,745			1,051			997			1,067			1,003			892
Net income	$	3,454		$	2,833		$	1,788		$	1,666		$	1,978		$	1,777		$	1,391
Net interest yield (FTE basis)	3.56		%	3.80		%	3.50		%	3.63		%	3.58		%	3.70		%	3.72		%
Return on average allocated capital (1)	23.63			19.08			24.33			22.92			26.18			23.53			18.62
Efficiency ratio (FTE basis)	53.76			56.23			54.24			53.29			53.69			52.93			56.29
Balance Sheet
Average
Total loans and leases	$	161,145		$	164,713		$	160,240		$	162,061		$	163,157		$	165,719		$	163,593
Total earning assets (2)	559,636			533,098			565,738			553,466			548,272			542,642			542,814
Total assets (2)	601,703			574,452			607,853			595,486			590,131			583,910			584,217
Total deposits	539,087			512,424			543,566			534,557			528,791			522,007			522,244
Allocated capital (1)	29,500			30,000			29,500			29,500			30,000			30,000			30,000
Period end
Total loans and leases	$	161,142		$	164,851		$	161,142		$	160,127		$	165,094		$	167,257		$	164,851
Total earning assets (2)	570,208			545,815			570,208			571,058			550,777			547,331			545,815
Total assets (2)	612,200			587,655			612,200			613,173			593,099			588,721			587,655
Total deposits	545,530			525,085			545,530			552,211			531,668			526,835			525,085

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 18

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Year-to-Date Results
(Dollars in millions)
	Six Months Ended June 30, 2014
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	9,880		$	5,144		$	4,736
Noninterest income:
Card income	2,328			33			2,295
Service charges	2,136			2,135			1
All other income	467			248			219
Total noninterest income	4,931			2,416			2,515
Total revenue, net of interest expense (FTE basis)	14,811			7,560			7,251
Provision for credit losses	1,346			133			1,213
Noninterest expense	7,963			5,237			2,726
Income before income taxes	5,502			2,190			3,312
Income tax expense (FTE basis)	2,048			815			1,233
Net income	$	3,454		$	1,375		$	2,079
Net interest yield (FTE basis)	3.56		%	1.91		%	6.85		%
Return on average allocated capital (1)	23.63			16.81			32.29
Efficiency ratio (FTE basis)	53.76			69.26			37.60
Balance Sheet
Average
Total loans and leases	$	161,145		$	22,509		$	138,636
Total earning assets (2)	559,636			543,882			139,350
Total assets (2)	601,703			576,632			148,667
Total deposits	539,087			538,337			n/m
Allocated capital (1)	29,500			16,500			13,000
Period end
Total loans and leases	$	161,142		$	22,420		$	138,722
Total earning assets (2)	570,208			550,546			139,162
Total assets (2)	612,200			582,935			148,765
Total deposits	545,530			544,689			n/m
	Six Months Ended June 30, 2013
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	10,047		$	4,859		$	5,188
Noninterest income:
Card income	2,393			30			2,363
Service charges	2,048			2,048			—
All other income	358			219			139
Total noninterest income	4,799			2,297			2,502
Total revenue, net of interest expense (FTE basis)	14,846			7,156			7,690
Provision for credit losses	1,919			98			1,821
Noninterest expense	8,349			5,626			2,723
Income before income taxes	4,578			1,432			3,146
Income tax expense (FTE basis)	1,745			546			1,199
Net income	$	2,833		$	886		$	1,947
Net interest yield (FTE basis)	3.80		%	1.90		%	7.33		%
Return on average allocated capital (1)	19.08			11.62			26.94
Efficiency ratio (FTE basis)	56.23			78.61			35.41
Balance Sheet
Average
Total loans and leases	$	164,713		$	22,525		$	142,188
Total earning assets (2)	533,098			516,634			142,629
Total assets (2)	574,452			549,395			151,222
Total deposits	512,424			511,977			n/m
Allocated capital (1)	30,000			15,400			14,600
Period end
Total loans and leases	$	164,851		$	22,467		$	142,384
Total earning assets (2)	545,815			528,881			142,824
Total assets (2)	587,655			561,767			151,778
Total deposits	525,085			523,928			n/m

For footnotes see page 21.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 19

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results
(Dollars in millions)
	Second Quarter 2014
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	4,929		$	2,599		$	2,330
Noninterest income:
Card income	1,166			17			1,149
Service charges	1,091			1,090			1
All other income	187			134			53
Total noninterest income	2,444			1,241			1,203
Total revenue, net of interest expense (FTE basis)	7,373			3,840			3,533
Provision for credit losses	534			53			481
Noninterest expense	4,000			2,607			1,393
Income before income taxes	2,839			1,180			1,659
Income tax expense (FTE basis)	1,051			437			614
Net income	$	1,788		$	743		$	1,045
Net interest yield (FTE basis)	3.50		%	1.90		%	6.75		%
Return on average allocated capital (1)	24.33			18.06			32.29
Efficiency ratio (FTE basis)	54.24			67.86			39.43
Balance Sheet
Average
Total loans and leases	$	160,240		$	22,482		$	137,758
Total earning assets (2)	565,738			548,313			138,304
Total assets (2)	607,853			581,102			147,630
Total deposits	543,566			542,796			n/m
Allocated capital (1)	29,500			16,500			13,000
Period end
Total loans and leases	$	161,142		$	22,420		$	138,722
Total earning assets (2)	570,208			550,546			139,162
Total assets (2)	612,200			582,935			148,765
Total deposits	545,530			544,689			n/m
	First Quarter 2014
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	4,951		$	2,545		$	2,406
Noninterest income:
Card income	1,162			16			1,146
Service charges	1,045			1,045			—
All other income	280			114			166
Total noninterest income	2,487			1,175			1,312
Total revenue, net of interest expense (FTE basis)	7,438			3,720			3,718
Provision for credit losses	812			80			732
Noninterest expense	3,963			2,630			1,333
Income before income taxes	2,663			1,010			1,653
Income tax expense (FTE basis)	997			378			619
Net income	$	1,666		$	632		$	1,034
Net interest yield (FTE basis)	3.63		%	1.91		%	6.95		%
Return on average allocated capital (1)	22.92			15.54			32.29
Efficiency ratio (FTE basis)	53.29			70.71			35.86
Balance Sheet
Average
Total loans and leases	$	162,061		$	22,537		$	139,524
Total earning assets (2)	553,466			539,399			140,407
Total assets (2)	595,486			572,111			149,715
Total deposits	534,557			533,827			n/m
Allocated capital (1)	29,500			16,500			13,000
Period end
Total loans and leases	$	160,127		$	22,515		$	137,612
Total earning assets (2)	571,058			556,995			138,774
Total assets (2)	613,173			589,669			148,215
Total deposits	552,211			551,399			n/m

For footnotes see page 21.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 20

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results (continued)
(Dollars in millions)
	Second Quarter 2013
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,034		$	2,472		$	2,562
Noninterest income:
Card income	1,186			15			1,171
Service charges	1,035			1,035			—
All other income	179			117			62
Total noninterest income	2,400			1,167			1,233
Total revenue, net of interest expense (FTE basis)	7,434			3,639			3,795
Provision for credit losses	967			35			932
Noninterest expense	4,184			2,810			1,374
Income before income taxes	2,283			794			1,489
Income tax expense (FTE basis)	892			309			583
Net income	$	1,391		$	485		$	906
Net interest yield (FTE basis)	3.72		%	1.88		%	7.26		%
Return on average allocated capital (1)	18.62			12.63			24.93
Efficiency ratio (FTE basis)	56.29			77.23			36.20
Balance Sheet
Average
Total loans and leases	$	163,593		$	22,434		$	141,159
Total earning assets (2)	542,814			526,459			141,599
Total assets (2)	584,217			559,221			150,240
Total deposits	522,244			521,782			n/m
Allocated capital (1)	30,000			15,400			14,600
Period end
Total loans and leases	$	164,851		$	22,467		$	142,384
Total earning assets (2)	545,815			528,881			142,824
Total assets (2)	587,655			561,767			151,778
Total deposits	525,085			523,928			n/m

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, the Corporation allocates assets from All Other to match the segments' and businesses' liabilities and allocated shareholders' equity. As a result, total earning assets and total assets of the businesses may not equal total Consumer & Business Banking.

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 21

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Average deposit balances
Checking	$	256,490		$	233,414		$	259,929		$	253,013		$	247,276		$	240,474		$	238,480
Savings	44,714			42,077			45,797			43,619			42,139			42,365			43,183
MMS	170,513			158,363			171,589			169,424			166,828			163,955			161,976
CDs and IRAs	64,032			74,140			62,808			65,270			68,192			70,888			74,064
Non-U.S. and other	3,338			4,430			3,443			3,231			4,356			4,325			4,541
Total average deposit balances	$	539,087		$	512,424		$	543,566		$	534,557		$	528,791		$	522,007		$	522,244
Deposit spreads (excludes noninterest costs)
Checking	2.03		%	2.04		%	2.03		%	2.02		%	2.01		%	2.01		%	2.02		%
Savings	2.30			2.20			2.31			2.29			2.23			2.21			2.20
MMS	1.14			1.05			1.15			1.13			1.11			1.08			1.05
CDs and IRAs	0.50			0.53			0.49			0.50			0.50			0.51			0.51
Non-U.S. and other	0.51			1.01			0.42			0.62			0.85			0.93			1.00
Total deposit spreads	1.58			1.51			1.59			1.56			1.54			1.52			1.51
Client brokerage assets	$	105,926		$	84,182		$	105,926		$	100,206		$	96,048		$	89,517		$	84,182
Online banking active accounts (units in thousands)	30,429			29,867			30,429			30,470			29,950			30,197			29,867
Mobile banking active accounts (units in thousands)	15,475			13,214			15,475			14,986			14,395			13,967			13,214
Banking centers	5,023			5,328			5,023			5,095			5,151			5,243			5,328
ATMs	15,976			16,354			15,976			16,214			16,259			16,201			16,354
Total U.S. credit card(1)
Loans
Average credit card outstandings	$	88,797		$	90,712		$	88,058		$	89,545		$	90,057		$	90,005		$	89,722
Ending credit card outstandings	89,020			90,523			89,020			87,692			92,338			90,280			90,523
Credit quality
Net charge-offs	$	1,401		$	1,864		$	683		$	718		$	724		$	788		$	917
	3.18		%	4.14		%	3.11		%	3.25		%	3.19		%	3.47		%	4.10		%
30+ delinquency	$	1,698		$	2,200		$	1,698		$	1,878		$	2,074		$	2,112		$	2,200
	1.91		%	2.43		%	1.91		%	2.14		%	2.25		%	2.34		%	2.43		%
90+ delinquency	$	868		$	1,167		$	868		$	966		$	1,053		$	1,049		$	1,167
	0.98		%	1.29		%	0.98		%	1.10		%	1.14		%	1.16		%	1.29		%
Other Total U.S. credit card indicators (1)
Gross interest yield	9.39		%	9.87		%	9.30		%	9.48		%	9.36		%	9.82		%	9.80		%
Risk-adjusted margin	9.23			8.46			8.97			9.49			9.11			8.68			8.41
New accounts (in thousands)	2,155			1,863			1,128			1,027			999			1,048			957
Purchase volumes	$	102,447		$	98,577		$	53,584		$	48,863		$	54,514		$	52,823		$	51,945
Debit card data
Purchase volumes	$	135,382		$	132,375		$	69,492		$	65,890		$	68,000		$	66,712		$	67,740

⁽¹⁾  In addition to the U.S. credit card portfolio in Consumer & Business Banking, the remaining U.S. credit card portfolio is in GWIM.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 22

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Segment Results
(Dollars in millions; except as noted)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	1,398		$	1,442		$	697		$	701		$	716		$	733		$	699
Noninterest income:
Mortgage banking income	1,075			2,898			606			469			913			775			1,411
All other income	109			87			87			22			83			69			5
Total noninterest income	1,184			2,985			693			491			996			844			1,416
Total revenue, net of interest expense (FTE basis)	2,582			4,427			1,390			1,192			1,712			1,577			2,115
Provision for credit losses	5			626			(20		)	25			(474		)	(308		)	291
Noninterest expense	14,031			8,788			5,902			8,129			3,788			3,414			3,383
Loss before income taxes	(11,454		)	(4,987		)	(4,492		)	(6,962		)	(1,602		)	(1,529		)	(1,559		)
Income tax benefit (FTE basis)	(3,625		)	(1,901		)	(1,690		)	(1,935		)	(544		)	(532		)	(629		)
Net loss	$	(7,829	)	$	(3,086	)	$	(2,802	)	$	(5,027	)	$	(1,058	)	$	(997	)	$	(930	)
Net interest yield (FTE basis)	3.01		%	2.80		%	2.98		%	3.05		%	2.89		%	2.91		%	2.75		%
Balance Sheet
Average
Total loans and leases	$	88,584		$	91,531		$	88,257		$	88,914		$	89,687		$	88,406		$	90,114
Total earning assets	93,545			103,890			93,797			93,290			98,220			99,759			102,086
Total assets	110,073			125,291			109,588			110,564			113,584			118,226			122,276
Allocated capital (1)	23,000			24,000			23,000			23,000			24,000			24,000			24,000
Period end
Total loans and leases	$	88,156		$	89,257		$	88,156		$	88,355		$	89,753		$	87,586		$	89,257
Total earning assets	92,291			102,211			92,291			92,937			97,163			98,247			102,211
Total assets	107,650			124,032			107,650			112,264			113,386			115,424			124,032
Period end (in billions)
Mortgage serviced portfolio (2)	$	760.0		$	986.4		$	760.0		$	780.0		$	810.0		$	889.4		$	986.4

⁽¹⁾  Allocated capital is a non-GAAP financial measure. The Corporation believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  Includes servicing of residential mortgage loans, home equity lines of credit and home equity loans.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 23

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Year-to-Date Results (1)
(Dollars in millions)
	Six Months Ended June 30, 2014
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	1,398		$	659		$	739
Noninterest income:
Mortgage banking income	1,075			415			660
All other income	109			22			87
Total noninterest income	1,184			437			747
Total revenue, net of interest expense (FTE basis)	2,582			1,096			1,486
Provision for credit losses	5			32			(27		)
Noninterest expense	14,031			1,375			12,656
Loss before income taxes	(11,454		)	(311		)	(11,143		)
Income tax benefit (FTE basis)	(3,625		)	(116		)	(3,509		)
Net loss	$	(7,829	)	$	(195	)	$	(7,634	)
Balance Sheet
Average
Total loans and leases	$	88,584		$	51,183		$	37,401
Total earning assets	93,545			53,601			39,944
Total assets	110,073			53,565			56,508
Allocated capital (2)	23,000			6,000			17,000
Period end
Total loans and leases	$	88,156		$	52,172		$	35,984
Total earning assets	92,291			55,058			37,233
Total assets	107,650			55,002			52,648
	Six Months Ended June 30, 2013
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	1,442		$	691		$	751
Noninterest income:
Mortgage banking income	2,898			1,351			1,547
All other income (loss)	87			(58		)	145
Total noninterest income	2,985			1,293			1,692
Total revenue, net of interest expense (FTE basis)	4,427			1,984			2,443
Provision for credit losses	626			156			470
Noninterest expense	8,788			1,684			7,104
Income (loss) before income taxes	(4,987		)	144			(5,131		)
Income tax expense (benefit) (FTE basis)	(1,901		)	55			(1,956		)
Net income (loss)	$	(3,086	)	$	89		$	(3,175	)
Balance Sheet
Average
Total loans and leases	$	91,531		$	47,048		$	44,483
Total earning assets	103,890			53,743			50,147
Total assets	125,291			54,252			71,039
Allocated capital (2)	24,000			6,000			18,000
Period end
Total loans and leases	$	89,257		$	46,891		$	42,366
Total earning assets	102,211			53,571			48,640
Total assets	124,032			53,674			70,358

For footnotes see page 26.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 24

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results (1)
(Dollars in millions)
	Second Quarter 2014
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	697		$	335		$	362
Noninterest income:
Mortgage banking income	606			237			369
All other income	87			18			69
Total noninterest income	693			255			438
Total revenue, net of interest expense (FTE basis)	1,390			590			800
Provision for credit losses	(20		)	19			(39		)
Noninterest expense	5,902			660			5,242
Loss before income taxes	(4,492		)	(89		)	(4,403		)
Income tax benefit (FTE basis)	(1,690		)	(33		)	(1,657		)
Net loss	$	(2,802	)	$	(56	)	$	(2,746	)
Balance Sheet
Average
Total loans and leases	$	88,257		$	51,553		$	36,704
Total earning assets	93,797			53,934			39,863
Total assets	109,588			53,962			55,626
Allocated capital (2)	23,000			6,000			17,000
Period end
Total loans and leases	$	88,156		$	52,172		$	35,984
Total earning assets	92,291			55,058			37,233
Total assets	107,650			55,002			52,648
	First Quarter 2014
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	701		$	324		$	377
Noninterest income:
Mortgage banking income	469			178			291
All other income	22			4			18
Total noninterest income	491			182			309
Total revenue, net of interest expense (FTE basis)	1,192			506			686
Provision for credit losses	25			13			12
Noninterest expense	8,129			715			7,414
Loss before income taxes	(6,962		)	(222		)	(6,740		)
Income tax benefit (FTE basis)	(1,935		)	(83		)	(1,852		)
Net loss	$	(5,027	)	$	(139	)	$	(4,888	)
Balance Sheet
Average
Total loans and leases	$	88,914		$	50,810		$	38,104
Total earning assets	93,290			53,264			40,026
Total assets	110,564			53,164			57,400
Allocated capital (2)	23,000			6,000			17,000
Period end
Total loans and leases	$	88,355		$	50,954		$	37,401
Total earning assets	92,937			53,796			39,141
Total assets	112,264			53,658			58,606

For footnotes see page 26.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 25

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results (1) (continued)
(Dollars in millions)
	Second Quarter 2013
	Total Consumer Real Estate Services			Home Loans		Legacy Assets & Servicing
Net interest income (FTE basis)	$	699		$	344	$	355
Noninterest income:
Mortgage banking income	1,411			654		757
All other income	5			5		—
Total noninterest income	1,416			659		757
Total revenue, net of interest expense (FTE basis)	2,115			1,003		1,112
Provision for credit losses	291			64		227
Noninterest expense	3,383			862		2,521
Income (loss) before income taxes	(1,559		)	77		(1,636		)
Income tax expense (benefit) (FTE basis)	(629		)	30		(659		)
Net income (loss)	$	(930	)	$	47	$	(977	)
Balance Sheet
Average
Total loans and leases	$	90,114		$	46,870	$	43,244
Total earning assets	102,086			53,739		48,347
Total assets	122,276			54,000		68,276
Allocated capital (2)	24,000			6,000		18,000
Period end
Total loans and leases	$	89,257		$	46,891	$	42,366
Total earning assets	102,211			53,571		48,640
Total assets	124,032			53,674		70,358

⁽¹⁾  Consumer Real Estate Services includes Home Loans and Legacy Assets & Servicing. The results of certain mortgage servicing rights activities, including net hedge results, together with any related assets or liabilities used as economic hedges, are included in Legacy Assets & Servicing.

⁽²⁾  Allocated capital is a non-GAAP financial measure. The Corporation believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 26

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Key Indicators
(Dollars in millions, except as noted)
	Six Months Ended June 30								Second Quarter 2014				First Quarter 2014				Fourth Quarter 2013				Third Quarter 2013				Second Quarter 2013
	2014				2013
Mortgage servicing rights at fair value rollforward
Balance, beginning of period	$	5,042			$	5,716			$	4,577			$	5,042			$	5,058			$	5,827			$	5,776
Net additions (sales)	62				(775		)		32				30				(197		)		(600		)		(715		)
Amortization of expected cash flows (1)	(419		)		(574		)		(209		)		(210		)		(229		)		(240		)		(260		)
Other changes in mortgage servicing rights fair value (2)	(551		)		1,460				(266		)		(285		)		410				71				1,026
Balance, end of period (3)	$	4,134			$	5,827			$	4,134			$	4,577			$	5,042			$	5,058			$	5,827
Capitalized mortgage servicing rights (% of loans serviced for investors)	82			bps	77			bps	82			bps	87			bps	92			bps	82			bps	77			bps
Mortgage loans serviced for investors (in billions)	$	505			$	759			$	505			$	527			$	550			$	616			$	759
Loan production
Total (4)
First mortgage	$	19,949			$	49,196			$	11,099			$	8,850			$	11,624			$	22,601			$	25,276
Home equity	4,587				2,615				2,602				1,985				1,915				1,831				1,497
Consumer Real Estate Services
First mortgage	$	15,163			$	39,778			$	8,461			$	6,702			$	9,303			$	17,833			$	20,509
Home equity	4,187				2,225				2,396				1,791				1,674				1,599				1,283
Mortgage banking income
Production income:
Core production revenue	$	591			$	1,675			$	318			$	273			$	404			$	465			$	860
Representations and warranties provision	(265		)		(447		)		(87		)		(178		)		(70		)		(323		)		(197		)
Total production income	326				1,228				231				95				334				142				663
Servicing income:
Servicing fees	990				1,701				476				514				629				700				785
Amortization of expected cash flows (1)	(419		)		(574		)		(209		)		(210		)		(229		)		(240		)		(260		)
Fair value changes of mortgage servicing rights, net of risk management activities used to hedge certain market risks (5)	171				526				105				66				174				167				215
Other servicing-related revenue	7				17				3				4				5				6				8
Total net servicing income	749				1,670				375				374				579				633				748
Total Consumer Real Estate Services mortgage banking income	1,075				2,898				606				469				913				775				1,411
Other business segments' mortgage banking loss (6)	(136		)		(457		)		(79		)		(57		)		(65		)		(190		)		(233		)
Total consolidated mortgage banking income	$	939			$	2,441			$	527			$	412			$	848			$	585			$	1,178

⁽¹⁾  Represents the net change in fair value of the MSR asset due to the recognition of modeled cash flows.

⁽²⁾  These amounts reflect the changes in modeled mortgage servicing rights fair value primarily due to observed changes in interest rates, volatility, spreads and the shape of the forward swap curve. In addition, these amounts reflect periodic adjustments to the valuation model to reflect changes in the modeled relationship between inputs and their impact on projected cash flows, changes in certain cash flow assumptions such as cost to service and ancillary income per loan, changes in OAS rate inputs and the impact of periodic recalibrations of the model to reflect changes in the relationship between market interest rate spreads and projected cash flows.

⁽³⁾  Does not include certain non-U.S. residential mortgage MSR balances, which are recorded in Global Markets.

⁽⁴⁾  In addition to loan production in Consumer Real Estate Services, the remaining first mortgage and home equity loan production is primarily in GWIM.

⁽⁵⁾  Includes gains and losses on sales of mortgage servicing rights.

⁽⁶⁾  Includes the effect of transfers of mortgage loans from Consumer Real Estate Services to the asset and liability management portfolio included in All Other.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 27

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	2,970		$	3,101		$	1,485		$	1,485		$	1,485		$	1,478		$	1,505
Noninterest income:
Investment and brokerage services	5,246			4,772			2,642			2,604			2,524			2,413			2,441
All other income	920			1,047			462			458			470			499			553
Total noninterest income	6,166			5,819			3,104			3,062			2,994			2,912			2,994
Total revenue, net of interest expense (FTE basis)	9,136			8,920			4,589			4,547			4,479			4,390			4,499
Provision for credit losses	15			7			(8		)	23			26			23			(15		)
Noninterest expense	6,806			6,523			3,447			3,359			3,263			3,248			3,270
Income before income taxes	2,315			2,390			1,150			1,165			1,190			1,119			1,244
Income tax expense (FTE basis)	862			911			426			436			413			399			485
Net income	$	1,453		$	1,479		$	724		$	729		$	777		$	720		$	759
Net interest yield (FTE basis)	2.38		%	2.46		%	2.38		%	2.38		%	2.37		%	2.35		%	2.47		%
Return on average allocated capital (1)	24.53			30.00			24.33			24.74			30.99			28.71			30.59
Efficiency ratio (FTE basis)	74.50			73.12			75.11			73.88			72.85			73.98			72.70
Balance Sheet
Average
Total loans and leases	$	117,235		$	107,845		$	118,512		$	115,945		$	115,546		$	112,752		$	109,589
Total earning assets (2)	251,705			254,155			249,892			253,537			248,156			249,203			244,860
Total assets (2)	270,674			272,966			268,294			273,080			268,683			268,611			263,735
Total deposits	241,409			244,329			240,042			242,792			240,395			239,663			235,344
Allocated capital (1)	12,000			10,000			12,000			12,000			10,000			10,000			10,000
Period end
Total loans and leases	$	120,187		$	111,785		$	120,187		$	116,482		$	115,846		$	114,175		$	111,785
Total earning assets (2)	247,179			244,340			247,179			254,801			254,031			250,677			244,340
Total assets (2)	265,581			263,867			265,581			274,234			274,112			270,484			263,867
Total deposits	237,046			235,012			237,046			244,051			244,901			241,553			235,012

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾ Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 28

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Six Months Ended June 30						Second Quarter 2014		First Quarter 2014			Fourth Quarter 2013		Third Quarter 2013		Second Quarter 2013
	2014			2013
Revenues
Merrill Lynch Global Wealth Management	$	7,555		$	7,422		$	3,791	$	3,764		$	3,703	$	3,646	$	3,742
U.S. Trust	1,551			1,461			783		768			762		730		740
Other (1)	30			37			15		15			14		14		17
Total revenues	$	9,136		$	8,920		$	4,589	$	4,547		$	4,479	$	4,390	$	4,499
Client Balances
Client Balances by Business
Merrill Lynch Global Wealth Management	$	2,017,051		$	1,800,151		$	2,017,051	$	1,946,922		$	1,916,803	$	1,853,980	$	1,800,151
U.S. Trust	380,281			351,119			380,281		378,177			376,487		362,791		351,119
Other (1)	70,836			63,781			70,836		70,720			73,148		66,665		63,781
Client Balances by Type
Assets under management	$	878,741		$	743,613		$	878,741	$	841,818		$	821,449	$	779,614	$	743,613
Brokerage assets	1,091,558			992,664			1,091,558		1,054,052			1,045,122		1,013,688		992,664
Assets in custody	137,391			128,854			137,391		136,342			136,190		131,386		128,854
Deposits	237,046			235,012			237,046		244,051			244,901		241,553		235,012
Loans and leases (2)	123,432			114,908			123,432		119,556			118,776		117,195		114,908
Total client balances	$	2,468,168		$	2,215,051		$	2,468,168	$	2,395,819		$	2,366,438	$	2,283,436	$	2,215,051
Assets Under Management Flows
Liquidity assets under management (3)	$	(2,294	)	$	(2,922	)	$	135	$	(2,429	)	$	6,492	$	2,932	$	(695	)
Long-term assets under management (4)	29,252			28,053			11,870		17,382			9,425		10,341		7,692
Total assets under management flows	$	26,958		$	25,131		$	12,005	$	14,953		$	15,917	$	13,273	$	6,997
Associates(5)
Number of Financial Advisors	15,561			15,759			15,561		15,323			15,317		15,624		15,759
Total Wealth Advisors	16,722			16,989			16,722		16,481			16,517		16,846		16,989
Total Client Facing Professionals	19,417			19,679			19,417		19,199			19,217		19,524		19,679
Merrill Lynch Global Wealth Management Metrics
Financial Advisor Productivity (6) (in thousands)	$	1,058		$	991		$	1,060	$	1,056		$	1,039	$	1,000	$	1,012
U.S. Trust Metrics
Client Facing Professionals	2,110			2,074			2,110		2,117			2,091		2,080		2,074

⁽¹⁾  Other includes the results of BofA Global Capital Management and other administrative items.

⁽²⁾  Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

⁽³⁾  Defined as assets under advisory and discretion of GWIM in which the investment strategy seeks a high level of income while maintaining liquidity and capital preservation. The duration of these strategies is primarily less than one year.

⁽⁴⁾  Defined as assets under advisory and discretion of GWIM in which the duration of the investment strategy is longer than one year.

⁽⁵⁾  Includes Financial Advisors in the Consumer & Business Banking segment of 1,716, 1,598, 1,545, 1,585 and 1,587 at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽⁶⁾  Financial Advisor Productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue divided by the total number of Financial Advisors (excluding Financial Advisors in the Consumer & Business Banking segment). Total revenue excludes corporate allocation of net interest income related to certain ALM activities.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 29

Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	4,541		$	4,411		$	2,239		$	2,302		$	2,301		$	2,201		$	2,252
Noninterest income:
Service charges	1,367			1,387			680			687			684			716			701
Investment banking income	1,656			1,582			834			822			958			693			792
All other income	884			788			426			458			360			398			393
Total noninterest income	3,907			3,757			1,940			1,967			2,002			1,807			1,886
Total revenue, net of interest expense (FTE basis)	8,448			8,168			4,179			4,269			4,303			4,008			4,138
Provision for credit losses	397			312			132			265			441			322			163
Noninterest expense	3,927			3,685			1,899			2,028			1,943			1,923			1,849
Income before income taxes	4,124			4,171			2,148			1,976			1,919			1,763			2,126
Income tax expense (FTE basis)	1,535			1,590			795			740			664			626			829
Net income	$	2,589		$	2,581		$	1,353		$	1,236		$	1,255		$	1,137		$	1,297
Net interest yield (FTE basis)	2.63		%	3.18		%	2.58		%	2.68		%	2.71		%	2.87		%	3.17		%
Return on average allocated capital (1)	16.85			22.64			17.51			16.18			21.66			19.63			22.62
Efficiency ratio (FTE basis)	46.48			45.13			45.44			47.50			45.16			47.94			44.71
Balance Sheet
Average
Total loans and leases	$	271,446		$	249,903		$	271,417		$	271,475		$	268,864		$	260,085		$	255,674
Total earnings assets (2)	347,793			280,143			347,661			347,926			336,371			304,726			285,000
Total assets (2)	392,030			322,036			390,997			393,075			379,927			346,412			326,775
Total deposits	257,692			224,132			258,937			256,433			259,193			239,189			226,912
Allocated capital (1)	31,000			23,000			31,000			31,000			23,000			23,000			23,000
Period end
Total loans and leases	$	270,683		$	258,503		$	270,683		$	273,239		$	269,469		$	267,165		$	258,503
Total earnings assets (2)	363,713			292,301			363,713			354,214			336,607			330,006			292,301
Total assets (2)	407,367			334,167			407,367			397,017			378,659			372,490			334,167
Total deposits	270,268			228,934			270,268			257,502			265,171			262,502			228,934

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾ Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 30

Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Investment Banking fees (1)
Advisory (2)	$	491		$	473		$	234		$	257		$	320		$	226		$	240
Debt issuance	835			833			388			447			443			343			405
Equity issuance	330			276			212			118			195			124			147
Total Investment Banking fees (3)	$	1,656		$	1,582		$	834		$	822		$	958		$	693		$	792
Business Lending
Corporate	$	1,724		$	1,706		$	820		$	904		$	817		$	884		$	855
Commercial	2,014			2,001			1,005			1,009			1,011			960			1,050
Total Business Lending revenue	$	3,738		$	3,707		$	1,825		$	1,913		$	1,828		$	1,844		$	1,905
Global Transaction Services
Corporate	$	1,506		$	1,368		$	766		$	740		$	734		$	713		$	702
Commercial	1,454			1,446			719			735			747			741			733
Total Global Transaction Services revenue	$	2,960		$	2,814		$	1,485		$	1,475		$	1,481		$	1,454		$	1,435
Average deposit balances
Interest-bearing	$	77,790		$	68,584		$	78,010		$	77,568		$	78,229		$	73,011		$	69,362
Noninterest-bearing	179,902			155,548			180,927			178,865			180,964			166,178			157,550
Total average deposits	$	257,692		$	224,132		$	258,937		$	256,433		$	259,193		$	239,189		$	226,912
Loan spread	1.75		%	1.87		%	1.71		%	1.80		%	1.75		%	1.78		%	1.89		%
Provision for credit losses	$	397		$	312		$	132		$	265		$	441		$	322		$	163
Credit quality (4, 5)
Reservable utilized criticized exposure	$	9,467		$	10,632		$	9,467		$	9,512		$	9,357		$	10,111		$	10,632
	3.20		%	3.73		%	3.20		%	3.19		%	3.17		%	3.44		%	3.73		%
Nonperforming loans, leases and foreclosed properties	$	717		$	1,087		$	717		$	650		$	639		$	919		$	1,087
	0.27		%	0.43		%	0.27		%	0.24		%	0.24		%	0.35		%	0.43		%
Average loans and leases by product
U.S. commercial	$	135,721		$	126,324		$	136,193		$	135,245		$	132,263		$	128,601		$	127,742
Commercial real estate	44,124			35,760			43,816			44,436			42,622			39,172			36,685
Commercial lease financing	25,295			24,536			25,165			25,427			25,115			24,846			24,584
Non-U.S. commercial	66,300			63,277			66,238			66,362			68,860			67,459			66,654
Other	6			6			5			5			4			7			9
Total average loans and leases	$	271,446		$	249,903		$	271,417		$	271,475		$	268,864		$	260,085		$	255,674
Total Corporation Investment Banking fees
Advisory (2)	$	551		$	519		$	265		$	286		$	353		$	256		$	262
Debt issuance	1,916			2,009			891			1,025			986			808			987
Equity issuance	827			679			514			313			464			329			356
Total investment banking fees including self-led	3,294			3,207			1,670			1,624			1,803			1,393			1,605
Self-led	(121		)	(116		)	(39		)	(82		)	(65		)	(96		)	(49		)
Total Investment Banking fees	$	3,173		$	3,091		$	1,631		$	1,542		$	1,738		$	1,297		$	1,556

⁽¹⁾  Investment banking fees represent total investment banking fees for Global Banking inclusive of self-led deals and fees included within Business Lending.

⁽²⁾  Advisory includes fees on debt and equity advisory and mergers and acquisitions.

⁽³⁾  Investment banking fees represent only the fee component in Global Banking and do not include certain less significant items shared with the Investment Banking Group under internal revenue sharing agreements.

⁽⁴⁾  Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown as a percentage of total commercial utilized reservable criticized exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers' acceptances.

⁽⁵⁾  Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is nonperforming assets divided by loans, leases and foreclosed properties.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 31

Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
	Six Months Ended June 30, 2014
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.6	%	2	9.9	%
Announced mergers and acquisitions	3	23.2		3	30.3
Equity capital markets	3	7.3		3	11.0
Debt capital markets	5	5.5		2	9.9
High-yield corporate debt	8	5.9		5	8.0
Leveraged loans	2	9.1		2	11.3
Mortgage-backed securities	9	6.5		9	7.1
Asset-backed securities	2	12.9		2	15.2
Convertible debt	4	8.6		4	11.9
Common stock underwriting	2	7.2		2	10.8
Investment-grade corporate debt	2	6.5		2	12.5
Syndicated loans	2	8.9		2	12.9

Source: Dealogic data as of July 1, 2014. Figures above include self-led transactions.

• Rankings based on deal volumes except for net investment banking revenue rankings which reflect fees.

• Debt capital markets excludes loans but includes agencies.

• Mergers and acquisitions fees included in investment banking revenues reflect 10 percent fee credit at announcement and 90 percent fee credit at completion as per Dealogic.

• Mergers and acquisitions volume rankings are for announced transactions and provide credit to all investment banks advising either side of the transaction.

• Each advisor receives full credit for the deal amount unless advising a minor stakeholder.

Highlights

Global top 3 rankings in:
Leveraged loans	Syndicated loans
Asset-backed securities	Announced mergers and acquisitions
Common stock underwriting	Equity capital markets
Investment-grade corporate debt
U.S. top 3 rankings in:
Leveraged loans	Syndicated loans
Asset-backed securities	Announced mergers and acquisitions
Common stock underwriting	Equity capital markets
Investment-grade corporate debt	Debt capital markets

Top 3 rankings excluding self-led deals:

Global: Leveraged loans, Asset-backed securities, Common stock underwriting, Investment-grade corporate debt, Syndicated loans, Announced mergers and acquisitions, Equity capital markets

U.S.: Leveraged loans, Asset-backed securities, Common stock underwriting, Investment-grade corporate debt, Syndicated loans, Announced mergers and acquisitions, Equity capital markets, Debt capital markets

This information is preliminary and based on company data available at the time of the presentation. 32

Bank of America Corporation and Subsidiaries
Global Markets Segment Results (1)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	1,949		$	2,117		$	952		$	997		$	1,138		$	969		$	1,009
Noninterest income:
Investment and brokerage services	1,101			1,077			540			561			489			480			549
Investment banking fees	1,496			1,347			760			736			755			622			668
Trading account profits	4,135			4,738			1,768			2,367			795			1,201			1,848
All other income (loss)	914			(306		)	563			351			21			(53		)	120
Total noninterest income	7,646			6,856			3,631			4,015			2,060			2,250			3,185
Total revenue, net of interest expense (FTE basis) (2)	9,595			8,973			4,583			5,012			3,198			3,219			4,194
Provision for credit losses	38			(11		)	19			19			104			47			(16		)
Noninterest expense	5,939			5,843			2,862			3,077			3,275			2,881			2,770
Income (loss) before income taxes	3,618			3,141			1,702			1,916			(181		)	291			1,440
Income tax expense (benefit) (FTE basis)	1,209			1,067			601			608			(133		)	1,166			478
Net income (loss)	$	2,409		$	2,074		$	1,101		$	1,308		$	(48	)	$	(875	)	$	962
Return on average allocated capital (3)	14.32		%	13.97		%	13.01		%	15.64		%	n/m			n/m			12.89		%
Efficiency ratio (FTE basis)	61.90			65.12			62.45			61.39			102.40		%	89.52		%	66.05
Balance Sheet
Average
Total trading-related assets (4)	$	448,596		$	497,582		$	459,938		$	437,128		$	438,909		$	442,597		$	490,972
Total loans and leases	63,637			54,529			63,579			63,696			66,496			64,491			56,354
Total earning assets (4)	467,594			504,450			478,192			456,879			458,955			458,626			499,338
Total assets	609,315			663,021			617,103			601,439			603,005			602,521			656,109
Allocated capital (3)	34,000			30,000			34,000			34,000			30,000			30,000			30,000
Period end
Total trading-related assets (4)	$	443,386		$	446,505		$	443,386		$	430,894		$	411,080		$	438,137		$	446,505
Total loans and leases	66,260			63,127			66,260			64,598			67,381			68,662			63,127
Total earning assets (4)	465,383			465,153			465,383			455,103			432,807			464,600			465,153
Total assets	610,395			608,760			610,395			594,815			575,584			601,034			608,760
Trading-related assets (average)
Trading account securities	$	201,996		$	230,589		$	200,725		$	203,281		$	209,734		$	193,107		$	225,796
Reverse repurchases	114,576			154,188			119,823			109,271			114,417			128,427			150,568
Securities borrowed	88,024			60,134			94,989			80,981			67,862			73,820			62,813
Derivative assets	44,000			52,671			44,401			43,595			46,896			47,243			51,795
Total trading-related assets (4)	$	448,596		$	497,582		$	459,938		$	437,128		$	438,909		$	442,597		$	490,972

⁽¹⁾  In 2014, the results for structured liabilities including debit valuation adjustment were moved into Global Markets from All Other to better align the performance and risk management of these instruments. As such, net debit valuation adjustment in Global Markets represents the combined total of net debit valuation adjustment on derivatives and structured liabilities. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 34.

⁽³⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽⁴⁾  Trading-related assets include derivative assets, which are considered non-earning assets.

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 33

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Six Months Ended June 30					Second Quarter 2014		First Quarter 2014		Fourth Quarter 2013		Third Quarter 2013			Second Quarter 2013
	2014		2013
Sales and trading revenue (1)
Fixed income, currency and commodities	$	5,452	$	5,067		$	2,426	$	3,026	$	1,540	$	1,636		$	2,216
Equities	2,230		2,433			1,045		1,185		815		918			1,280
Total sales and trading revenue	$	7,682	$	7,500		$	3,471	$	4,211	$	2,355	$	2,554		$	3,496
Sales and trading revenue, excluding net debit valuation adjustment (2)
Fixed income, currency and commodities	$	5,316	$	5,252		$	2,370	$	2,946	$	2,076	$	2,029		$	2,253
Equities	2,185		2,344			1,032		1,153		897		969			1,194
Total sales and trading revenue, excluding net debit valuation adjustment	$	7,501	$	7,596		$	3,402	$	4,099	$	2,973	$	2,998		$	3,447
Sales and trading revenue breakdown
Net interest income	$	1,775	$	1,944		$	866	$	909	$	1,054	$	892		$	925
Commissions	1,101		1,077			540		561		489		480			549
Trading	4,135		4,738			1,768		2,367		795		1,201			1,848
Other	671		(259		)	297		374		17		(19		)	174
Total sales and trading revenue	$	7,682	$	7,500		$	3,471	$	4,211	$	2,355	$	2,554		$	3,496

⁽¹⁾  Includes Global Banking sales and trading revenue of $153 million and $210 million for the six months ended June 30, 2014 and 2013; $68 million and $84 million for the second and first quarters of 2014, and $66 million, $108 million and $143 million for the fourth, third and second quarters of 2013, respectively.

⁽²⁾  For this presentation, sales and trading revenue excludes net debit valuation adjustment gains (losses) which include net debit valuation adjustment on derivatives and structured liabilities. Sales and trading revenue excluding net debit valuation adjustment gains (losses) represents a non-GAAP financial measure.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 34

Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	(226	)	$	528		$	(76	)	$	(150	)	$	411		$	42		$	272
Noninterest income:
Card income	174			166			88			86			83			79			81
Equity investment income	730			1,096			56			674			393			1,122			576
Gains on sales of debt securities	739			519			382			357			363			347			452
All other loss	(1,262		)	(1,286		)	(604		)	(658		)	(739		)	(565		)	(812		)
Total noninterest income	381			495			(78		)	459			100			983			297
Total revenue, net of interest expense (FTE basis)	155			1,023			(154		)	309			511			1,025			569
Provision for credit losses	(381		)	71			(246		)	(135		)	(188		)	(549		)	(179		)
Noninterest expense	2,113			2,330			431			1,682			1,012			940			562
Income (loss) before income taxes	(1,577		)	(1,378		)	(339		)	(1,238		)	(313		)	634			186
Income tax benefit (FTE basis)	(1,516		)	(992		)	(466		)	(1,050		)	(848		)	(101		)	(347		)
Net income (loss)	$	(61	)	$	(386	)	$	127		$	(188	)	$	535		$	735		$	533
Balance Sheet
Average
Total loans and leases	$	213,965		$	241,748		$	210,575		$	217,391		$	226,027		$	232,525		$	238,910
Total assets (2)	170,699			240,677			175,720			165,622			179,545			203,750			231,498
Total deposits	35,119			34,883			35,851			34,381			34,247			35,420			34,017
Period end
Total loans and leases	$	205,471		$	234,047		$	205,471		$	213,416		$	220,690		$	229,547		$	234,047
Total assets (3)	167,364			204,839			167,364			158,348			167,433			178,500			204,839
Total deposits	31,999			34,858			31,999			32,818			27,851			30,909			34,858

⁽¹⁾  All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass the whole-loan residential mortgage portfolio and investment securities, interest rate and foreign currency risk management activities including the residual net interest income allocation, the impact of certain allocation methodologies and accounting hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include Global Principal Investments which is comprised of a portfolio of equity, real estate and other alternative investments. These investments are made either directly in a company or held through a fund with related income recorded in equity investment income. Additionally, All Other includes certain residential mortgage loans that are managed by Legacy Assets & Servicing. In 2014, the management of structured liabilities and the associated debit valuation adjustment (previously referred to as fair value adjustments on structured liabilities) were moved into Global Markets from All Other to better align the performance risk of these instruments. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $589.2 billion and $525.3 billion for the six months ended June 30, 2014 and 2013; $593.1 billion, $585.3 billion, $564.1 billion, $540.5 billion and $524.5 billion for the second and first quarters of 2014, and the fourth, third and second quarters of 2013, respectively.

⁽³⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $608.8 billion, $609.2 billion, $569.9 billion, $557.5 billion and $529.0 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 35

Bank of America Corporation and Subsidiaries
Equity Investments
(Dollars in millions)
	Equity Investments Exposures
	June 30, 2014						March 31 2014
	Book Value		Unfunded Commitments		Total		Total
Equity Investments:
Global Principal Investments	$	1,136	$	54	$	1,190	$	1,370
Strategic and other investments	827		18		845		874
Total Equity Investments	$	1,963	$	72	$	2,035	$	2,244

Components of Equity Investment Income
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013		Third Quarter 2013		Second Quarter 2013
	2014		2013
Global Principal Investments	$	43	$	156	$	71		$	(28	)	$	101	$	122	$	52
Strategic and other investments	687		940		(15		)	702			292		1,000		524
Total equity investment income included in All Other	730		1,096		56			674			393		1,122		576
Total equity investment income included in the business segments	411		147		301			110			81		62		104
Total consolidated equity investment income	$	1,141	$	1,243	$	357		$	784		$	474	$	1,184	$	680

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 36

Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	June 30 2014		March 31 2014		June 30 2013
Consumer
Residential mortgage (1)	$	237,136	$	242,977	$	253,959
Home equity	89,499		91,476		100,011
U.S. credit card	89,020		87,692		90,523
Non-U.S. credit card	11,999		11,563		10,340
Direct/Indirect consumer (2)	82,586		81,552		83,358
Other consumer (3)	2,079		1,980		1,803
Total consumer loans excluding loans accounted for under the fair value option	512,319		517,240		539,994
Consumer loans accounted for under the fair value option (4)	2,154		2,149		1,052
Total consumer	514,473		519,389		541,046
Commercial
U.S. commercial (5)	231,622		228,795		219,367
Commercial real estate (6)	46,815		48,840		42,126
Commercial lease financing	24,565		24,649		23,912
Non-U.S. commercial	85,677		85,630		86,710
Total commercial loans excluding loans accounted for under the fair value option	388,679		387,914		372,115
Commercial loans accounted for under the fair value option (4)	8,747		8,914		8,409
Total commercial	397,426		396,828		380,524
Total loans and leases	$	911,899	$	916,217	$	921,570

⁽¹⁾  Includes pay option loans of $3.7 billion, $3.8 billion and $5.8 billion and non-U.S. residential mortgage loans of $3 million, $0 and $83 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. The Corporation no longer originates pay option loans.

⁽²⁾  Includes dealer financial services loans of $37.7 billion, $38.0 billion and $36.8 billion, unsecured consumer lending loans of $2.0 billion, $2.3 billion and $3.6 billion, U.S. securities-based lending loans of $33.8 billion, $31.8 billion and $30.0 billion, non-U.S. consumer loans of $4.4 billion, $4.6 billion and $7.5 billion, student loans of $3.8 billion, $3.9 billion and $4.4 billion and other consumer loans of $937 million, $899 million and $1.1 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽³⁾  Includes consumer finance loans of $1.1 billion, $1.1 billion and $1.3 billion, consumer leases of $819 million, $701 million and $351 million, consumer overdrafts of $170 million, $137 million and $149 million and other non-U.S. consumer loans of $3 million, $5 million and $5 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁴⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $2.0 billion, $2.0 billion and $1.1 billion and home equity loans of $170 million, $152 million and $0 at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $1.3 billion, $1.4 billion and $2.0 billion and non-U.S. commercial loans of $7.4 billion, $7.5 billion and $6.4 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁵⁾  Includes U.S. small business commercial loans, including card-related products, of $13.5 billion, $13.4 billion and $12.4 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁶⁾  Includes U.S. commercial real estate loans of $45.5 billion, $47.1 billion and $40.3 billion and non-U.S. commercial real estate loans of $1.3 billion, $1.7 billion and $1.8 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 37

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment
(Dollars in millions)
	Second Quarter 2014
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	243,405	$	761	$	5,935	$	48,855	$	—	$	—	$	187,854
Home equity	90,729		151		82,240		6,578		—		160		1,600
U.S. credit card	88,058		84,849		—		3,209		—		—		—
Non-U.S. credit card	11,759		—		—		—		—		—		11,759
Direct/Indirect consumer	82,102		40,026		47		37,348		—		12		4,669
Other consumer	2,012		890		—		9		5		—		1,108
Total consumer	518,065		126,677		88,222		95,999		5		172		206,990
Commercial
U.S. commercial	230,487		32,900		35		20,688		136,193		35,906		4,765
Commercial real estate	48,315		651		—		1,672		43,816		1,937		239
Commercial lease financing	24,409		—		—		4		25,165		743		(1,503		)
Non-U.S. commercial	91,304		12		—		149		66,238		24,821		84
Total commercial	394,515		33,563		35		22,513		271,412		63,407		3,585
Total loans and leases	$	912,580	$	160,240	$	88,257	$	118,512	$	271,417	$	63,579	$	210,575
	First Quarter 2014
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	247,556	$	727	$	4,602	$	48,236	$	—	$	—	$	193,991
Home equity	92,759		148		84,217		6,696		—		168		1,530
U.S. credit card	89,545		86,270		—		3,260		—		—		15
Non-U.S. credit card	11,554		—		—		—		—		—		11,554
Direct/Indirect consumer	81,728		40,758		47		35,800		1		45		5,077
Other consumer	1,962		790		—		5		4		—		1,163
Total consumer	525,104		128,693		88,866		93,997		5		213		213,330
Commercial
U.S. commercial	228,058		32,636		48		20,094		135,245		34,719		5,316
Commercial real estate	48,753		723		—		1,698		44,436		1,625		271
Commercial lease financing	24,727		—		—		4		25,427		836		(1,540		)
Non-U.S. commercial	92,840		9		—		152		66,362		26,303		14
Total commercial	394,378		33,368		48		21,948		271,470		63,483		4,061
Total loans and leases	$	919,482	$	162,061	$	88,914	$	115,945	$	271,475	$	63,696	$	217,391
	Second Quarter 2013
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	257,275	$	564	$	2,254	$	43,234	$	—	$	86	$	211,137
Home equity	101,708		147		87,749		12,254		—		78		1,480
U.S. credit card	89,722		89,722		—		—		—		—		—
Non-U.S. credit card	10,613		—		—		—		—		—		10,613
Direct/Indirect consumer	82,485		40,187		50		33,390		—		24		8,834
Other consumer	1,756		420		—		7		9		—		1,320
Total consumer	543,559		131,040		90,053		88,885		9		188		233,384
Commercial
U.S. commercial	217,464		31,183		60		19,099		127,742		32,776		6,604
Commercial real estate	40,612		1,359		1		1,417		36,685		694		456
Commercial lease financing	23,579		—		—		4		24,584		618		(1,627		)
Non-U.S. commercial	89,020		11		—		184		66,654		22,078		93
Total commercial	370,675		32,553		61		20,704		255,665		56,166		5,526
Total loans and leases	$	914,234	$	163,593	$	90,114	$	109,589	$	255,674	$	56,354	$	238,910

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 38

Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	June 30 2014		March 31 2014		June 30 2013		June 30 2014			March 31 2014			June 30 2013
Diversified financials	$	72,302	$	69,137	$	72,498	$	120,705		$	111,172		$	108,601
Real estate (4)	52,982		55,613		49,564		74,535			77,337			70,162
Healthcare equipment and services	32,410		31,854		29,327		55,737			48,681			46,418
Retailing	33,941		33,836		31,051		54,983			53,902			51,906
Capital goods	28,921		28,012		26,737		53,444			52,356			50,699
Banking	42,543		42,296		47,724		51,100			49,821			56,195
Government and public education	40,174		40,435		39,260		47,613			48,175			47,871
Materials	23,292		23,163		22,831		42,809			42,291			43,369
Energy	20,744		19,835		21,052		40,826			39,846			41,133
Consumer services	21,414		21,147		21,721		34,391			34,010			34,743
Food, beverage and tobacco	15,357		15,359		14,704		31,792			31,379			31,488
Commercial services and supplies	19,259		19,448		18,932		31,013			31,529			30,478
Utilities	9,898		9,404		8,811		26,549			25,346			23,660
Transportation	16,227		15,351		15,492		23,787			22,425			22,716
Media	11,801		13,066		13,249		23,283			23,880			21,824
Individuals and trusts	15,790		15,159		14,367		19,811			18,743			18,081
Technology hardware and equipment	6,883		6,051		4,840		13,428			12,697			11,289
Software and services	6,296		6,667		6,389		13,360			13,933			13,417
Pharmaceuticals and biotechnology	4,534		6,052		4,243		13,221			13,111			11,473
Insurance, including monolines	4,827		5,473		5,880		11,075			11,744			12,315
Consumer durables and apparel	5,793		5,797		5,404		10,274			10,002			9,942
Telecommunication services	4,269		4,654		3,871		10,207			10,328			10,588
Automobiles and components	3,446		3,303		3,263		9,000			8,601			8,262
Food and staples retailing	4,079		4,083		4,363		7,831			7,779			7,848
Religious and social organizations	5,144		5,404		5,895		6,965			7,384			7,824
Other	5,544		5,167		5,678		8,686			8,097			8,550
Total commercial credit exposure by industry	$	507,870	$	505,766	$	497,146	$	836,425		$	814,569		$	800,852
Net credit default protection purchased on total commitments (5)							$	(8,678	)	$	(8,341	)	$	(11,060	)

⁽¹⁾  Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers' acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by the amount of cash collateral applied of $41.2 billion, $42.8 billion and $50.5 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Not reflected in utilized and committed exposure is additional derivative collateral held of $16.3 billion, $16.1 billion and $18.4 billion, which consists primarily of other marketable securities, at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽²⁾  Total commercial utilized and total commercial committed exposure includes loans and letters of credit accounted for under the fair value option and are comprised of loans outstanding of $8.7 billion, $8.9 billion and $8.4 billion and issued letters of credit at notional value of $553 million, $576 million and $563 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. In addition, total commercial committed exposure includes unfunded loan commitments at notional value of $9.5 billion, $11.3 billion and $15.3 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽³⁾  Includes U.S. small business commercial exposure.

⁽⁴⁾  Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the borrowers' or counterparties' primary business activity using operating cash flows and primary source of repayment as key factors.

⁽⁵⁾  Represents net notional credit protection purchased.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 39

Bank of America Corporation and Subsidiaries
Net Credit Default Protection by Maturity Profile (1)
	June 30 2014		March 31 2014
Less than or equal to one year	40	%	32	%
Greater than one year and less than or equal to five years	58		64
Greater than five years	2		4
Total net credit default protection	100	%	100	%

⁽¹⁾  To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of maturities for net credit default protection purchased is shown above.

Net Credit Default Protection by Credit Exposure Debt Rating (1)
(Dollars in millions)
	June 30, 2014					March 31, 2014
Ratings (2, 3)	Net Notional (4)			Percent of Total		Net Notional (4)			Percent of Total
AA	$	(77	)	0.9	%	$	(42	)	0.5	%
A	(1,890		)	21.8		(2,173		)	26.1
BBB	(4,885		)	56.3		(4,379		)	52.5
BB	(1,089		)	12.5		(1,082		)	13.0
B	(634		)	7.3		(571		)	6.8
CCC and below	(125		)	1.4		(130		)	1.6
NR (5)	22			(0.2	)	36			(0.5	)
Total net credit default protection	$	(8,678	)	100.0	%	$	(8,341	)	100.0	%

⁽¹⁾  To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of debt rating for net notional credit default protection purchased is shown as a negative and the net notional credit protection sold is shown as a positive amount.

⁽²⁾  Ratings are refreshed on a quarterly basis.

⁽³⁾  Ratings of BBB- or higher are considered to meet the definition of investment grade.

⁽⁴⁾  Represents net credit default protection (purchased) sold.

⁽⁵⁾  NR is comprised of index positions held and any names that have not been rated.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 40

Bank of America Corporation and Subsidiaries
Top 20 Non-U.S. Countries Exposure
(Dollars in millions)
	Funded Loans and Loan Equivalents (1)		Unfunded Loan Commitments		Net Counterparty Exposure (2)		Securities/ Other Investments (3)		Country Exposure at June 30 2014		Hedges and Credit Default Protection (4)			Net Country Exposure at June 30 2014 (5)		Increase (Decrease) from March 31 2014
United Kingdom	$	24,394	$	14,519	$	5,603	$	6,626	$	51,142	$	(3,945	)	$	47,197	$	(105	)
Canada	5,716		6,818		1,594		5,565		19,693		(1,580		)	18,113		(1,175		)
China	10,866		701		588		1,960		14,115		(335		)	13,780		736
France	2,862		6,248		1,218		7,221		17,549		(4,265		)	13,284		463
Germany	4,597		5,392		2,187		5,103		17,279		(4,030		)	13,249		(364		)
Brazil	8,809		620		274		2,865		12,568		(392		)	12,176		(741		)
India	6,016		488		279		3,995		10,778		(61		)	10,717		317
Australia	3,648		3,215		453		2,377		9,693		(499		)	9,194		892
Netherlands	3,090		3,665		529		1,798		9,082		(1,436		)	7,646		(288		)
South Korea	4,061		909		638		2,216		7,824		(543		)	7,281		582
Hong Kong	5,359		345		107		914		6,725		(61		)	6,664		(222		)
Japan	4,143		477		677		1,990		7,287		(1,245		)	6,042		1,791
Switzerland	2,474		2,937		757		565		6,733		(1,305		)	5,428		70
Singapore	1,975		2,053		106		1,271		5,405		(77		)	5,328		503
Italy	2,849		2,008		1,964		729		7,550		(3,349		)	4,201		(290		)
Taiwan	2,535		—		93		1,363		3,991		(4		)	3,987		(217		)
Russian Federation	5,367		90		201		30		5,688		(1,752		)	3,936		(1,277		)
Mexico	3,334		645		149		99		4,227		(400		)	3,827		64
Spain	2,902		834		263		673		4,672		(1,017		)	3,655		698
Turkey	1,939		97		13		169		2,218		(11		)	2,207		(180		)
Total top 20 non-U.S. countries exposure	$	106,936	$	52,061	$	17,693	$	47,529	$	224,219	$	(26,307	)	$	197,912	$	1,257

⁽¹⁾  Includes loans, leases and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.

⁽²⁾  Net counterparty exposure includes the fair value of derivatives, including the counterparty risk associated with credit default swaps and secured financing transactions. Derivative exposures are presented net of $33.7 billion in collateral, which is predominantly cash, pledged under legally enforceable master netting agreements. Secured financing transaction exposures are presented net of eligible cash or securities pledged as collateral. The notional amount of reverse repurchase transactions was $103.1 billion. Counterparty exposure is not presented net of hedges or credit default protection.

⁽³⁾  Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures and net credit default swaps purchased, consisting of single-name and net indexed and tranched credit default swaps.

⁽⁴⁾  Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, consisting of net single-name and net indexed and tranched credit default swaps. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.

⁽⁵⁾  Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 41

Bank of America Corporation and Subsidiaries
Select European Countries
(Dollars in millions)
	Funded Loans and Loan Equivalents (1)		Unfunded Loan Commitments		Net Counterparty Exposure (2)		Securities/ Other Investments (3)		Country Exposure at June 30 2014		Hedges and Credit Default Protection (4)			Net Country Exposure at June 30  2014 (5)			Increase (Decrease) from March 31 2014
Greece
Sovereign	$	—	$	—	$	—	$	73	$	73	$	—		$	73		$	46
Financial institutions	—		—		4		22		26		(11		)	15			30
Corporates	11		13		—		39		63		(28		)	35			(78		)
Total Greece	$	11	$	13	$	4	$	134	$	162	$	(39	)	$	123		$	(2	)
Ireland
Sovereign	$	20	$	—	$	17	$	—	$	37	$	(14	)	$	23		$	(58	)
Financial institutions	765		52		139		95		1,051		(17		)	1,034			80
Corporates	411		522		72		51		1,056		(22		)	1,034			190
Total Ireland	$	1,196	$	574	$	228	$	146	$	2,144	$	(53	)	$	2,091		$	212
Italy
Sovereign	$	18	$	—	$	1,619	$	364	$	2,001	$	(1,639	)	$	362		$	(650	)
Financial institutions	1,498		3		216		54		1,771		(922		)	849			198
Corporates	1,333		2,005		129		311		3,778		(788		)	2,990			162
Total Italy	$	2,849	$	2,008	$	1,964	$	729	$	7,550	$	(3,349	)	$	4,201		$	(290	)
Portugal
Sovereign	$	—	$	—	$	21	$	45	$	66	$	(27	)	$	39		$	(87	)
Financial institutions	5		—		5		20		30		(7		)	23			59
Corporates	27		28		—		79		134		(180		)	(46		)	(72		)
Total Portugal	$	32	$	28	$	26	$	144	$	230	$	(214	)	$	16		$	(100	)
Spain
Sovereign	$	36	$	—	$	68	$	11	$	115	$	(90	)	$	25		$	209
Financial institutions	1,124		—		136		136		1,396		(125		)	1,271			267
Corporates	1,742		834		59		526		3,161		(802		)	2,359			222
Total Spain	$	2,902	$	834	$	263	$	673	$	4,672	$	(1,017	)	$	3,655		$	698
Total
Sovereign	$	74	$	—	$	1,725	$	493	$	2,292	$	(1,770	)	$	522		$	(540	)
Financial institutions	3,392		55		500		327		4,274		(1,082		)	3,192			634
Corporates	3,524		3,402		260		1,006		8,192		(1,820		)	6,372			424
Total select European exposure	$	6,990	$	3,457	$	2,485	$	1,826	$	14,758	$	(4,672	)	$	10,086		$	518

⁽¹⁾  Includes loans, leases and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.

⁽²⁾  Net counterparty exposure includes the fair value of derivatives, including the counterparty risk associated with credit default swaps, and secured financing transactions. Derivative exposures are presented net of $1.7 billion in collateral, which is predominantly cash, pledged under legally enforceable master netting agreements. Secured financing transaction exposures are presented net of eligible cash or securities pledged as collateral. The notional amount of reverse repurchase transactions was $7.2 billion. Counterparty exposure is not presented net of hedges or credit default protection.

⁽³⁾  Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures of $3.8 billion and net credit default swaps purchased of $951 million, consisting of $663 million of net single-name credit default swaps purchased and $288 million of net indexed and tranched credit default swaps sold.

⁽⁴⁾  Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, includes $2.9 billion to hedge loans and securities, consisting of $1.5 billion in net single-name credit default swaps purchased and $1.4 billion in net indexed and tranched credit default swaps purchased, $1.8 billion in additional credit default protection purchased to hedge derivative assets and $131 million in other short exposures. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.

⁽⁵⁾  Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 42

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	June 30 2014			March 31 2014			December 31 2013			September 30 2013			June 30 2013
Residential mortgage	$	9,235		$	11,611		$	11,712		$	13,328		$	14,316
Home equity	4,181			4,185			4,075			4,176			4,151
Direct/Indirect consumer	29			32			35			59			72
Other consumer	15			16			18			18			1
Total consumer	13,460			15,844			15,840			17,581			18,540
U.S. commercial	849			841			819			1,059			1,279
Commercial real estate	252			300			322			488			627
Commercial lease financing	8			10			16			49			10
Non-U.S. commercial	7			18			64			86			80
	1,116			1,169			1,221			1,682			1,996
U.S. small business commercial	100			96			88			103			107
Total commercial	1,216			1,265			1,309			1,785			2,103
Total nonperforming loans and leases	14,676			17,109			17,149			19,366			20,643
Foreclosed properties (1)	624			623			623			662			637
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	15,300		$	17,732		$	17,772		$	20,028		$	21,280
Fully-insured home loans past due 30 days or more and still accruing	$	17,347		$	18,098		$	20,681		$	21,797		$	24,072
Consumer credit card past due 30 days or more and still accruing	1,923			2,115			2,321			2,376			2,487
Other loans past due 30 days or more and still accruing	4,064			5,472			5,416			5,512			5,587
Total loans past due 30 days or more and still accruing (3, 5, 6)	$	23,334		$	25,685		$	28,418		$	29,685		$	32,146
Fully-insured home loans past due 90 days or more and still accruing	$	14,137		$	15,125		$	16,961		$	17,960		$	20,604
Consumer credit card past due 90 days or more and still accruing	990			1,090			1,184			1,191			1,325
Other loans past due 90 days or more and still accruing	523			649			614			723			662
Total loans past due 90 days or more and still accruing (3, 5, 6)	$	15,650		$	16,864		$	18,759		$	19,874		$	22,591
Nonperforming loans, leases and foreclosed properties/Total assets (7)	0.71		%	0.83		%	0.85		%	0.95		%	1.01		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (7)	1.70			1.96			1.93			2.17			2.33
Nonperforming loans and leases/Total loans and leases (7)	1.63			1.89			1.87			2.10			2.26
Commercial utilized reservable criticized exposure (8)	$	12,430		$	12,781		$	12,861		$	14,086		$	14,928
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (8)	2.92		%	3.01		%	3.02		%	3.31		%	3.62		%
Total commercial utilized criticized exposure/Commercial utilized exposure (8)	3.15			3.21			3.08			3.48			3.64

⁽¹⁾  Foreclosed property balances do not include loans that are insured by the Federal Housing Administration and have entered foreclosure of $1.1 billion, $1.1 billion, $1.4 billion, $1.6 billion and $1.6 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽²⁾  Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate.

⁽³⁾  Balances do not include purchased credit-impaired loans even though the customer may be contractually past due. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

(4) Balances do not include the following:	June 30 2014		March 31 2014		December 31 2013		September 30 2013		June 30 2013
Nonperforming loans held-for-sale	$	598	$	293	$	672	$	972	$	891
Nonperforming loans accounted for under the fair value option	427		431		448		467		398
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	140		257		260		356		485

⁽⁵⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $37 million, $80 million, $106 million, $301 million and $374 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively, and loans held-for-sale past due 90 days or more and still accruing of $0, $6 million, $8 million, $0 and $17 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively. At June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, there were $153 million, $129 million, $158 million, $153 million and $81 million, respectively, of loans accounted for under the fair value option past due 30 days or more and still accruing interest.

⁽⁶⁾  These balances are excluded from total nonperforming loans, leases and foreclosed properties.

⁽⁷⁾  Total assets and total loans and leases do not include loans accounted for under the fair value option of $10.9 billion, $11.1 billion, $10.0 billion, $10.2 billion and $9.5 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽⁸⁾  Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 43

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	15,844		$	15,840		$	17,581		$	18,540		$	19,282
Additions to nonperforming loans and leases:
New nonperforming loans and leases	1,825			2,027			2,199			2,503			2,289
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(325		)	(468		)	(863		)	(544		)	(695		)
Sales	(1,825		)	—			(729		)	(624		)	(175		)
Returns to performing status (2)	(939		)	(800		)	(1,112		)	(1,079		)	(1,139		)
Charge-offs (3)	(640		)	(583		)	(752		)	(758		)	(932		)
Transfers to foreclosed properties	(157		)	(172		)	(147		)	(131		)	(90		)
Transfers to loans held-for-sale	(323		)	—			(337		)	(326		)	—
Total net additions (reductions) to nonperforming loans and leases	(2,384		)	4			(1,741		)	(959		)	(742		)
Total nonperforming consumer loans and leases, end of period	13,460			15,844			15,840			17,581			18,540
Foreclosed properties	547			538			533			546			508
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	14,007		$	16,382		$	16,373		$	18,127		$	19,048
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,265		$	1,309		$	1,785		$	2,103		$	2,734
Additions to nonperforming loans and leases:
New nonperforming loans and leases	275			262			143			350			269
Advances	1			8			12			9			3
Reductions to nonperforming loans and leases:
Paydowns	(183		)	(171		)	(322		)	(380		)	(312		)
Sales	(29		)	(27		)	(92		)	(88		)	(171		)
Return to performing status (5)	(41		)	(63		)	(87		)	(91		)	(243		)
Charge-offs	(71		)	(50		)	(98		)	(104		)	(170		)
Transfers to foreclosed properties	(1		)	(3		)	(12		)	(14		)	(7		)
Transfers to loans held-for-sale	—			—			(20		)	—			—
Total net reductions to nonperforming loans and leases	(49		)	(44		)	(476		)	(318		)	(631		)
Total nonperforming commercial loans and leases, end of period	1,216			1,265			1,309			1,785			2,103
Foreclosed properties	77			85			90			116			129
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	1,293		$	1,350		$	1,399		$	1,901		$	2,232

⁽¹⁾  For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 43.

⁽²⁾  Consumer loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Certain troubled debt restructurings are classified as nonperforming at the time of restructuring and may only be returned to performing status after considering the borrower's sustained repayment performance for a reasonable period, generally six months.

⁽³⁾  Our policy is not to classify consumer credit card and non-bankruptcy related consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and, accordingly, are excluded from this table.

⁽⁴⁾  Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

⁽⁵⁾  Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Troubled debt restructurings are generally classified as performing after a sustained period of demonstrated payment performance.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 44

Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Second Quarter 2014					First Quarter 2014					Fourth Quarter 2013					Third Quarter 2013					Second Quarter 2013
Net Charge-offs	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage (3)	$	(35	)	(0.06	)%	$	127		0.21	%	$	209		0.33	%	$	221		0.35	%	$	271		0.43	%
Home equity (3)	239			1.06		302			1.32		331			1.38		302			1.22		486			1.92
U.S. credit card	683			3.11		718			3.25		724			3.19		788			3.47		917			4.10
Non-U.S. credit card	47			1.59		76			2.66		94			3.34		89			3.32		104			3.93
Direct/Indirect consumer	33			0.16		58			0.29		73			0.35		62			0.30		86			0.42
Other consumer	47			9.26		58			12.07		66			13.58		65			13.75		51			11.57
Total consumer (3)	1,014			0.79		1,339			1.04		1,497			1.11		1,527			1.12		1,915			1.42
U.S. commercial (4)	6			0.01		5			0.01		(28		)	(0.05	)	68			0.13		43			0.09
Commercial real estate	(32		)	(0.27	)	(37		)	(0.31	)	1			—		11			0.11		44			0.43
Commercial lease financing	(5		)	(0.07	)	(2		)	(0.04	)	(2		)	(0.03	)	(8		)	(0.13	)	(5		)	(0.08	)
Non-U.S. commercial	12			0.06		19			0.09		46			0.20		(2		)	(0.01	)	16			0.08
	(19		)	(0.02	)	(15		)	(0.02	)	17			0.02		69			0.08		98			0.11
U.S. small business commercial	78			2.34		64			1.95		68			2.07		91			2.86		98			3.15
Total commercial	59			0.06		49			0.05		85			0.09		160			0.17		196			0.22
Total net charge-offs (3)	$	1,073		0.48		$	1,388		0.62		$	1,582		0.68		$	1,687		0.73		$	2,111		0.94
By Business Segment
Consumer & Business Banking	$	844		2.11	%	$	881		2.20	%	$	922		2.24	%	$	1,027		2.46	%	$	1,158		2.84	%
Consumer Real Estate Services	235			1.08		294			1.36		323			1.45		281			1.28		465			2.09
Global Wealth & Investment Management	4			0.01		25			0.09		35			0.12		26			0.09		51			0.19
Global Banking	(24		)	(0.04	)	(17		)	(0.03	)	7			0.01		35			0.05		78			0.12
Global Markets	3			0.02		(1		)	(0.01	)	1			0.01		—			—		(1		)	—
All Other	11			0.02		206			0.39		294			0.52		318			0.54		360			0.60
Total net charge-offs	$	1,073		0.48		$	1,388		0.62		$	1,582		0.68		$	1,687		0.73		$	2,111		0.94

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.49, 0.64, 0.70, 0.75 and 0.97 for the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $160 million, $391 million, $741 million, $443 million and $313 million for the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.55, 0.79, 1.00, 0.92 and 1.07 for the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽³⁾  Includes the impact of a clarification of regulatory guidance on accounting for troubled debt restructurings of $56 million for residential mortgage loans and $88 million for home equity loans for the three months ended December 31, 2013. Excluding this impact, annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.24 for residential mortgage loans, 1.01 for home equity loans, 1.01 for total consumer loans and 0.62 for total net charge-offs for the three months ended December 31, 2013.

⁽⁴⁾  Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 45

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Six Months Ended June 30
	2014					2013
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage	$	92		0.08	%	$	654		0.51	%
Home equity	541			1.19		1,170			2.27
U.S. credit card	1,401			3.18		1,864			4.14
Non-U.S. credit card	123			2.12		216			4.03
Direct/Indirect consumer	91			0.22		210			0.51
Other consumer	105			10.64		103			12.15
Total consumer	2,353			0.91		4,217			1.56
U.S. commercial (3)	11			0.01		88			0.09
Commercial real estate	(69		)	(0.29	)	137			0.69
Commercial lease financing	(7		)	(0.05	)	(15		)	(0.13	)
Non-U.S. commercial	31			0.07		1			—
	(34		)	(0.02	)	211			0.12
U.S. small business commercial	142			2.14		200			3.24
Total commercial	108			0.06		411			0.23
Total net charge-offs	$	2,461		0.55		$	4,628		1.04
By Business Segment
Consumer & Business Banking	$	1,725		2.16	%	$	2,399		2.94	%
Consumer Real Estate Services	529			1.22		1,125			2.51
Global Wealth & Investment Management	29			0.05		112			0.21
Global Banking	(41		)	(0.03	)	146			0.12
Global Markets	2			0.01		1			—
All Other	217			0.21		845			0.71
Total net charge-offs	$	2,461		0.55		$	4,628		1.04

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.56 and 1.07 for the six months ended June 30, 2014 and 2013.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $551 million and $1.2 billion for the six months ended June 30, 2014 and 2013. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.67 and 1.29 for the six months ended June 30, 2014 and 2013.

⁽³⁾  Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 46

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	June 30, 2014						March 31, 2014						June 30, 2013
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)
Residential mortgage	$	3,214	20.33	%	1.36	%	$	3,502	21.07	%	1.44	%	$	6,071	28.59	%	2.39	%
Home equity	3,694		23.36		4.13		4,054		24.40		4.43		6,325		29.79		6.32
U.S. credit card	3,524		22.29		3.96		3,857		23.21		4.40		4,468		21.04		4.94
Non-U.S. credit card	424		2.68		3.53		432		2.60		3.74		498		2.34		4.82
Direct/Indirect consumer	371		2.35		0.45		389		2.34		0.48		603		2.84		0.72
Other consumer	98		0.62		4.71		97		0.58		4.86		102		0.48		5.68
Total consumer	11,325		71.63		2.21		12,331		74.20		2.38		18,067		85.08		3.35
U.S. commercial (2)	2,712		17.15		1.17		2,563		15.43		1.12		1,874		8.83		0.85
Commercial real estate	963		6.09		2.06		972		5.85		1.99		801		3.77		1.90
Commercial lease financing	137		0.87		0.56		122		0.73		0.50		87		0.41		0.37
Non-U.S. commercial	674		4.26		0.79		630		3.79		0.74		406		1.91		0.47
Total commercial (3)	4,486		28.37		1.15		4,287		25.80		1.11		3,168		14.92		0.85
Allowance for loan and lease losses	15,811		100.00	%	1.75		16,618		100.00	%	1.84		21,235		100.00	%	2.33
Reserve for unfunded lending commitments	503						509						474
Allowance for credit losses	$	16,314					$	17,127					$	21,709
Asset Quality Indicators
Allowance for loan and lease losses/Total loans and leases (4)			1.75	%					1.84	%					2.33	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) (4, 5)			1.59						1.65						1.96
Allowance for loan and lease losses/Total nonperforming loans and leases (6)			108						97						103
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (5)			95						85						84
Ratio of the allowance for loan and lease losses/Annualized net charge-offs (7)			3.67						2.95						2.51
Ratio of the allowance for loan and lease losses (excluding purchased credit-impaired loans)/Annualized net charge-offs (5)			3.25						2.58						2.04
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs			3.20						2.30						2.18

⁽¹⁾  Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option included residential mortgage loans of $2.0 billion, $2.0 billion and $1.1 billion and home equity loans of $170 million, $152 million and $0 at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $1.3 billion, $1.4 billion and $2.0 billion and non-U.S. commercial loans of $7.4 billion, $7.5 billion and $6.4 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽²⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $511 million, $462 million and $584 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽³⁾  Includes allowance for loan and lease losses for impaired commercial loans of $278 million, $277 million and $328 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁴⁾  Total loans and leases do not include loans accounted for under the fair value option of $10.9 billion, $11.1 billion and $9.5 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁵⁾  Excludes valuation allowance on purchased credit-impaired loans of $1.8 billion, $2.1 billion and $3.9 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁶⁾  Allowance for loan and lease losses includes $6.5 billion, $7.1 billion and $9.9 billion allocated to products (primarily the Consumer Lending portfolios within Consumer & Business Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 64 percent, 55 percent and 55 percent at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁷⁾  Net charge-offs exclude $160 million, $391 million and $313 million of write-offs in the purchased credit-impaired loan portfolio at June 30, 2014, March 31, 2014 and June 30, 2013. These write-offs decreased the purchased credit-impaired valuation allowance included as part of the allowance for loan and lease losses.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 47

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. The Corporation believes managing the business with net interest income on a fully taxable-equivalent basis provides a more accurate picture of the interest margin for comparative purposes. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation views related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax-exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. For purposes of this calculation, the Corporation uses the federal statutory tax rate of 35 percent. This measure ensures comparability of net interest income arising from taxable and tax-exempt sources. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield measures the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents an adjusted shareholders' equity or common shareholders' equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible common shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.

In addition, the Corporation evaluates its business segment results based on measures that utilize average allocated capital. The Corporation allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. The Corporation's internal risk-based capital models use a risk-adjusted methodology incorporating each segment's credit, market, interest rate, business and operational risk components. Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return both represent non-GAAP financial measures. Allocated capital is reviewed periodically and refinements are made based on multiple considerations that include, but are not limited to, business segment exposures and risk profile, regulatory constraints and strategic plans. As part of this process, in the first quarter of 2014, the Corporation adjusted the amount of capital being allocated to its business segments. This change resulted in a reduction of the unallocated capital, which is reflected in All Other, and an aggregate increase to the amount of capital being allocated to the business segments. Prior periods were not restated.

See the tables below and on pages 49-51 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the six months ended June 30, 2014 and 2013, and the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate supplemental financial data differently.

	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	20,098		$	21,213		$	10,013		$	10,085		$	10,786		$	10,266		$	10,549
Fully taxable-equivalent adjustment	414			433			213			201			213			213			222
Net interest income on a fully taxable-equivalent basis	$	20,512		$	21,646		$	10,226		$	10,286		$	10,999		$	10,479		$	10,771
Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis
Total revenue, net of interest expense	$	44,313		$	45,924		$	21,747		$	22,566		$	21,488		$	21,530		$	22,727
Fully taxable-equivalent adjustment	414			433			213			201			213			213			222
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	44,727		$	46,357		$	21,960		$	22,767		$	21,701		$	21,743		$	22,949
Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis
Income tax expense (benefit)	$	99		$	1,987		$	504		$	(405	)	$	406		$	2,348		$	1,486
Fully taxable-equivalent adjustment	414			433			213			201			213			213			222
Income tax expense (benefit) on a fully taxable-equivalent basis	$	513		$	2,420		$	717		$	(204	)	$	619		$	2,561		$	1,708
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	222,705		$	218,509		$	222,215		$	223,201		$	220,088		$	216,766		$	218,790
Goodwill	(69,832		)	(69,937		)	(69,822		)	(69,842		)	(69,864		)	(69,903		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,354		)	(6,409		)	(5,235		)	(5,474		)	(5,725		)	(5,993		)	(6,270		)
Related deferred tax liabilities	2,132			2,393			2,100			2,165			2,231			2,296			2,360
Tangible common shareholders' equity	$	149,651		$	144,556		$	149,258		$	150,050		$	146,730		$	143,166		$	144,950
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	236,173		$	236,024		$	235,797		$	236,553		$	233,415		$	230,392		$	235,063
Goodwill	(69,832		)	(69,937		)	(69,822		)	(69,842		)	(69,864		)	(69,903		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,354		)	(6,409		)	(5,235		)	(5,474		)	(5,725		)	(5,993		)	(6,270		)
Related deferred tax liabilities	2,132			2,393			2,100			2,165			2,231			2,296			2,360
Tangible shareholders' equity	$	163,119		$	162,071		$	162,840		$	163,402		$	160,057		$	156,792		$	161,223

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 48

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	222,565		$	216,791		$	222,565		$	218,536		$	219,333		$	218,967		$	216,791
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,844		)	(69,891		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(5,574		)	(5,843		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,166			2,231			2,297
Tangible common shareholders' equity	$	149,734		$	143,054		$	149,734		$	145,457		$	146,081		$	145,464		$	143,054
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	237,411		$	231,032		$	237,411		$	231,888		$	232,685		$	232,282		$	231,032
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,844		)	(69,891		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(5,574		)	(5,843		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,166			2,231			2,297
Tangible shareholders' equity	$	164,580		$	157,295		$	164,580		$	158,809		$	159,433		$	158,779		$	157,295
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,170,557		$	2,123,320		$	2,170,557		$	2,149,851		$	2,102,273		$	2,126,653		$	2,123,320
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,844		)	(69,891		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(5,574		)	(5,843		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,166			2,231			2,297
Tangible assets	$	2,097,726		$	2,049,583		$	2,097,726		$	2,076,772		$	2,029,021		$	2,053,150		$	2,049,583

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 49

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Reconciliation of return on average allocated capital(1)
Consumer & Business Banking
Reported net income	$	3,454		$	2,833		$	1,788		$	1,666		$	1,978		$	1,777		$	1,391
Adjustment related to intangibles (2)	2			4			1			1			1			2			2
Adjusted net income	$	3,456		$	2,837		$	1,789		$	1,667		$	1,979		$	1,779		$	1,393
Average allocated equity (3)	$	61,468		$	62,063		$	61,460		$	61,475		$	61,999		$	62,025		$	62,050
Adjustment related to goodwill and a percentage of intangibles	(31,968		)	(32,063		)	(31,960		)	(31,975		)	(31,999		)	(32,025		)	(32,050		)
Average allocated capital	$	29,500		$	30,000		$	29,500		$	29,500		$	30,000		$	30,000		$	30,000
Global Wealth & Investment Management
Reported net income	$	1,453		$	1,479		$	724		$	729		$	777		$	720		$	759
Adjustment related to intangibles (2)	7			9			4			3			4			4			4
Adjusted net income	$	1,460		$	1,488		$	728		$	732		$	781		$	724		$	763
Average allocated equity (3)	$	22,233		$	20,311		$	22,222		$	22,243		$	20,265		$	20,283		$	20,300
Adjustment related to goodwill and a percentage of intangibles	(10,233		)	(10,311		)	(10,222		)	(10,243		)	(10,265		)	(10,283		)	(10,300		)
Average allocated capital	$	12,000		$	10,000		$	12,000		$	12,000		$	10,000		$	10,000		$	10,000
Global Banking
Reported net income	$	2,589		$	2,581		$	1,353		$	1,236		$	1,255		$	1,137		$	1,297
Adjustment related to intangibles (2)	1			1			1			—			1			1			1
Adjusted net income	$	2,590		$	2,582		$	1,354		$	1,236		$	1,256		$	1,138		$	1,298
Average allocated equity (3)	$	53,406		$	45,411		$	53,405		$	53,407		$	45,410		$	45,413		$	45,416
Adjustment related to goodwill and a percentage of intangibles	(22,406		)	(22,411		)	(22,405		)	(22,407		)	(22,410		)	(22,413		)	(22,416		)
Average allocated capital	$	31,000		$	23,000		$	31,000		$	31,000		$	23,000		$	23,000		$	23,000
Global Markets
Reported net income (loss)	$	2,409		$	2,074		$	1,101		$	1,308		$	(48	)	$	(875	)	$	962
Adjustment related to intangibles (2)	5			4			3			2			3			2			2
Adjusted net income (loss)	$	2,414		$	2,078		$	1,104		$	1,310		$	(45	)	$	(873	)	$	964
Average allocated equity (3)	$	39,374		$	35,364		$	39,373		$	39,375		$	35,379		$	35,369		$	35,357
Adjustment related to goodwill and a percentage of intangibles	(5,374		)	(5,364		)	(5,373		)	(5,375		)	(5,379		)	(5,369		)	(5,357		)
Average allocated capital	$	34,000		$	30,000		$	34,000		$	34,000		$	30,000		$	30,000		$	30,000

For footnotes see page 51.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 50

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Consumer & Business Banking
Deposits
Reported net income	$	1,375		$	886		$	743		$	632		$	485
Adjustment related to intangibles (2)	—			—			—			—			—
Adjusted net income	$	1,375		$	886		$	743		$	632		$	485
Average allocated equity (3)	$	36,484		$	35,397		$	36,486		$	36,482		$	35,395
Adjustment related to goodwill and a percentage of intangibles	(19,984		)	(19,997		)	(19,986		)	(19,982		)	(19,995		)
Average allocated capital	$	16,500		$	15,400		$	16,500		$	16,500		$	15,400
Consumer Lending
Reported net income	$	2,079		$	1,947		$	1,045		$	1,034		$	906
Adjustment related to intangibles (2)	2			4			1			1			2
Adjusted net income	$	2,081		$	1,951		$	1,046		$	1,035		$	908
Average allocated equity (3)	$	24,984		$	26,666		$	24,975		$	24,993		$	26,655
Adjustment related to goodwill and a percentage of intangibles	(11,984		)	(12,066		)	(11,975		)	(11,993		)	(12,055		)
Average allocated capital	$	13,000		$	14,600		$	13,000		$	13,000		$	14,600

⁽¹⁾  There are no adjustments to reported net income (loss) or average allocated equity for Consumer Real Estate Services.

⁽²⁾  Represents cost of funds, earnings credits and certain expenses related to intangibles.

⁽³⁾  Average allocated equity is comprised of average allocated capital plus capital for the portion of goodwill and intangibles specifically assigned to the business segment.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 51