8-K

As filed with the Securities and Exchange Commission on October 14, 2015

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):

October 14, 2015

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 October 14, 2015, Bank of America Corporation (the "Corporation") announced financial results for the third quarter ended September 30, 2015, reporting third quarter net income of $4.5 billion or $0.37 per diluted share. A copy of the press release announcing the Corporation's results for the third quarter ended September 30, 2015 (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 October 14, 2015, the Corporation will hold an investor conference call and webcast to discuss financial results for the third quarter ended September 30, 2015, 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 September 30, 2015 (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/ Rudolf A. Bless
	Rudolf A. Bless
	Chief Accounting Officer

Dated: October 14, 2015

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

October 14, 2015

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 Third-quarter 2015 Net Income of $4.5 Billion, or $0.37 per

Diluted Share

2015 Year-to-date Net Income of $13.2 Billion, or $1.09 per Diluted Share

Continued Business Momentum¹

• Total Deposits (EOP) up $50 Billion, or 4 Percent, to $1.16 Trillion

• Residential Mortgage and Home Equity Loan Originations up 13 Percent to $17 Billion

• 1.3 Million New Credit Cards Issued, up 5 Percent

• Number of Mobile Banking Users up 14 Percent to 18.4 Million

• Merrill Edge Brokerage Assets up 8 Percent to $117 Billion

• Wealth Management Loan Balances (EOP) up $12 Billion, or 10 Percent, to $135 Billion

• Global Banking Loan Balances (EOP) up $30 Billion, or 11 Percent, to $315 Billion

• Investment Bank Generated $391 Million in Advisory Fees, Second-Highest Quarter Since Merrill Lynch Merger

Continued Progress on Expense Management; Credit Quality Remains Strong¹

• Noninterest Expense, Excluding Litigation, Down 4 Percent to $13.6 Billion^(A) 

• Legacy Assets and Servicing Noninterest Expense, Excluding Litigation, Down 32 Percent to $0.9Billion^(B)  

• Net Charge-offs Down 11 Percent to $932 Million

Record Capital and Liquidity Levels¹

• Common Equity Tier 1 Capital (Transition) Increased to $161.6 Billion

• Common Equity Tier 1 Capital (Fully Phased-in) Increased to Record $153.1 Billion^(C) 

• Record Global Excess Liquidity Sources up $70 Billion to $499 Billion; Time-to-required Funding at 42 Months^(D)  

• Tangible Book Value per Share up 10 Percent to $15.50 per Share^(E) 

• Book Value per Share up 7 Percent to $22.41 per Share

• Return on Average Assets 0.82 Percent; Return on Average Tangible Common Equity 10 Percent; Return on Average Common Equity 6.97 Percent^(F) 

• Returned $3.1 Billion to Common Shareholders Year-to-Date Via Repurchases and Dividends

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

¹Dollar and percent changes compare to third-quarter 2014 unless noted.

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CHARLOTTE — Bank of America Corporation today reported net income of $4.5 billion, or $0.37 per diluted share, for the third quarter of 2015, compared to a net loss of $232 million, or $0.04 per share, in the year-ago period.

"We saw solid results this quarter by continuing to execute our long-term strategy," said Chief Executive Officer Brian Moynihan. “The key drivers of our business -- deposit taking and lending to both our consumer and corporate clients -- moved in the right direction this quarter and our trading results on behalf of clients remained fairly stable in challenging capital markets conditions. Our balanced approach to serving customers and clients is on track as the economy continues to move forward."

"Our results this quarter reflect our ongoing efforts to improve operating leverage while continuing to invest in our business," said Chief Financial Officer Paul Donofrio. "We built capital and liquidity to record levels and grew total loans for the second consecutive quarter while continuing to operate within our risk framework."

Selected Financial Highlights

	Three Months Ended
(Dollars in millions, except per share data)	September 30 2015		June 30 2015		September 30 2014
Net interest income, FTE basis1	$	9,742	$	10,716	$	10,444
Noninterest income	11,171		11,629		10,990
Total revenue, net of interest expense, FTE basis1	20,913		22,345		21,434
Provision for credit losses	806		780		636
Noninterest expense2	13,807		13,818		20,142
Net income (loss)	$	4,508	$	5,320	$	(232	)
Diluted earnings (loss) per common share	$	0.37	$	0.45	$	(0.04	)

¹  Fully taxable-equivalent (FTE) basis for the corporation is a non-GAAP financial measure. For more information, see endnote G. Net interest income on a GAAP basis was $9.5 billion, $10.5 billion and $10.2 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Total revenue, net of interest expense, on a GAAP basis was $20.7 billion, $22.1 billion and $21.2 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

²  Noninterest expense includes litigation expense of $231 million, $175 million and $6.0 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

Revenue, net of interest expense, on an FTE basis, was $20.9 billion^(G), down $521 million from the third quarter of 2014. This was largely driven by higher negative market-related adjustments on the company's debt securities portfolio due to lower long-term interest rates, partially offset by higher positive net debit valuation adjustments (DVA), compared to the year-ago quarter. The current quarter included $597 million in negative market-related adjustments and $313 million in positive net DVA.

Net interest income, on an FTE basis, was $9.7 billion in the third quarter of 2015, down 7 percent, or $702 million, from the year-ago quarter. Excluding the impact of market-related adjustments, net interest income was$10.3 billion in the third quarter of 2015, compared to $10.0 billion in the prior quarter and $10.5 billion in the year-ago quarter^(G). The decline from the third quarter of 2014 was driven by lower consumer loan balances and lower yields, partially offset by commercial loan growth and lower long-term debt balances.

Noninterest income was up2 percent, or $181 million, from the year-ago quarter to $11.2 billion. Results for the most recent quarter reflected year-over-year increases in mortgage

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banking and card income, higher asset management fees and other income, partially offset by lower capital markets revenue and lower equity investment income.

The provision for credit losses increased$170 million from the third quarter of 2014 to $806 million. Net charge-offs were $932 million in the third quarter of 2015, compared to $1.1 billion in the second quarter of 2015 and $1.0 billion in the third quarter of 2014. The net charge-off ratio improved to 0.42 percent in the third quarter of 2015 from 0.46 percent in the year-ago quarter. The decline in net charge-offs was driven primarily by an improvement in consumer portfolio trends, partially offset by higher commercial charge-offs. The net reserve release was $126 million in the third quarter of 2015, compared to a net reserve release of $407 million in the third quarter of 2014.

Noninterest expense declined$6.3 billion, or 31 percent, from the third quarter of 2014 to $13.8 billion. Excluding litigation expense of $231 million in the third quarter of 2015 and $6.0 billion in the year-ago quarter, noninterest expense decreased4 percent from the year-ago quarter to $13.6 billion, reflecting lower Legacy Assets and Servicing (LAS) expense^(A). Continued cost management efforts allowed the company to continue to invest in growth opportunities while keeping expenses relatively flat from the prior quarter.

The effective tax rate for the third quarter of 2015 was 26 percent, which included benefits related to the restructuring of certain non-U.S. subsidiaries.

Business Segment Results

The company reports results through five business segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and Legacy Assets and Servicing (LAS), with the remaining operations recorded in All Other.

Consumer Banking

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015			September 30 2014
Total revenue, net of interest expense, FTE basis	$	7,832		$	7,544		$	7,749
Provision for credit losses	648			506			668
Noninterest expense	4,434			4,318			4,462
Net income	$	1,759		$	1,706		$	1,669
Return on average allocated capital1	24		%	24		%	22		%
Average loans	$	206,337		$	201,703		$	197,374
Average deposits	548,895			545,454			514,549
At period-end
Brokerage assets	$	117,210		$	121,961		$	108,533

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.

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Business Highlights

• Average deposit balances increased$34.3 billion, or 7 percent, from the year-ago quarter to $548.9 billion.

• The company originated $13.7 billion in first-lien residential mortgage loans and $3.1 billion in home equity loans in the third quarter of 2015, compared to $11.7 billion and $3.2 billion, respectively, in the year-ago quarter.

• Client brokerage assets increased$8.7 billion, or 8 percent, from the year-ago quarter to $117.2 billion, driven primarily by strong account flows, partially offset by lower market valuations.

• The company issued 1.3 million new consumer credit cards in the third quarter of 2015, up from 1.2 million cards issued in the year-ago quarter.

Financial Overview

Consumer Banking reported net income of $1.8 billion, up 5 percent from the year-ago quarter. The business saw increased customer activity during the quarter with year-over-year increases in deposits, mortgage originations, credit card issuance and brokerage assets. In addition, the number of mobile banking users increased 14 percent from the year-ago quarter to 18.4 million users.

Revenue was up 1 percent from the third quarter of 2014 to $7.8 billion, as higher noninterest income was largely offset by lower net interest income. Net interest income declined as the benefit from higher deposits was more than offset by the impact of the company's allocation of asset liability management (ALM) activities and lower card yields. Noninterest income was up 6 percent to $2.8 billion, driven by gains on divestitures and higher card income, partially offset by lower service charges. 

The provision for credit losses decreased$20 million from the year-ago quarter to $648 million, driven by continued improvement in credit quality, primarily related to the small business and credit card portfolios.

Noninterest expense decreased1 percent from the third quarter of 2014 to $4.4 billion, as the company continued to optimize its delivery network and invest some of the savings from these initiatives back into the business by adding sales specialists. Over the last 12 months, the company has added more than 300 mortgage loan officers, financial solutions advisors and small business bankers to help serve customers and deepen relationships.

Driven by the continued growth in mobile banking and other self-service customer touchpoints, the company closed or divested 244 locations and added 38 locations since the third quarter of 2014, resulting in a total of 4,741 financial centers at the end of the third quarter of 2015.

Return on average allocated capital was 24 percent in the third quarter of 2015, compared to 22 percent in the third quarter of 2014.

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Global Wealth and Investment Management (GWIM)

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015			September 30 2014
Total revenue, net of interest expense, FTE basis	$	4,468		$	4,573		$	4,666
Provision for credit losses	(2		)	15			(15		)
Noninterest expense	3,447			3,459			3,405
Net income	$	656		$	689		$	812
Return on average allocated capital1	22		%	23		%	27		%
Average loans and leases	$	133,168		$	130,270		$	121,002
Average deposits	243,980			239,974			239,352
At period-end (dollars in billions)
Assets under management	$	877		$	930		$	888
Total client balances2	2,396			2,522			2,462

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

• The number of wealth advisors increased by 998 advisors from the year-ago quarter to 18,037, due to continued investment within the Advisor Development program, improved competitive recruiting and near historically low advisor attrition levels. This increase includes 174 advisors in Consumer Banking as the company continues to expand its specialist network to broaden and deepen client relationships.

• Third-quarter 2015 long-term assets under management (AUM) flows of $4.4 billion were the 25^th consecutive quarter of positive flows.

• Average deposit balances increased2 percent, or $4.6 billion, from the year-ago quarter to $244.0 billion, and average loan balances increased10 percent from the year-ago quarter to $133.2 billion, marking the 22^nd consecutive quarter of loan balance growth.

• Asset management fees increased 2 percent from the third quarter of 2014 to $2.1 billion.

Financial Overview

Global Wealth and Investment Management reported net income of $656 million, compared to $812 million in the third quarter of 2014. Revenue was down $198 million to $4.5 billion, as higher asset management fees were more than offset by lower transactional revenue and the impact of the company's allocation of ALM activities on net interest income. This is the continuation of a trend in transactional revenue as clients continue to migrate from brokerage to managed relationships, compounded by lower markets and muted new issue activity.

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The third-quarter 2015 pretax margin was 23 percent, down from 27 percent in the year-ago quarter.

Noninterest expense increased slightly from the year-ago quarter to $3.4 billion, as

litigation-related costs were higher and the number of wealth advisors grew by 6 percent from the year-ago quarter.

The benefit in the provision for credit losses decreased $13 million from the year-ago quarter to a benefit of $2 million, driven by higher recoveries recorded in the year-ago quarter.

Return on average allocated capital was 22 percent in the third quarter of 2015, compared to 27 percent in the year-ago quarter.

Global Banking

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015			September 30 2014
Total revenue, net of interest expense, FTE basis	$	4,191		$	4,106		$	4,345
Provision for credit losses	179			177			(64		)
Noninterest expense	2,020			1,932			2,016
Net income	$	1,277		$	1,251		$	1,521
Return on average allocated capital1	14		%	14		%	18		%
Average loans and leases	$	310,043		$	300,631		$	283,264
Average deposits	296,321			288,117			291,927

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 generated firmwide investment banking fees of $1.3 billion, excluding self-led deals, in the third quarter of 2015, maintaining its No. 3 global ranking^(H).

• Bank of America Merrill Lynch was ranked among the top three global financial institutions in high-yield corporate debt, leveraged loans, mortgage-backed securities, asset-backed securities, convertible debt, investment grade corporate debt, syndicated loans, and debt capital markets during the third quarter of 2015^(H).

• Firmwide advisory fees of $391 million were the second-highest results since the Merrill Lynch merger.

• Average loan and lease balances increased$26.8 billion, or 9 percent, from the year-ago quarter, to $310 billion, largely due to growth in the commercial and industrial loan portfolio and in the commercial real estate portfolio.

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Financial Overview

Global Banking reported net incomeof $1.3 billion in the third quarter of 2015, compared to $1.5 billion in the third quarter of 2014, as strong loan and deposit growth and higher advisory fees were offset by lower net interest income and lower underwriting fees in line with lower industry volumes.

Net interest income was down $105 million, reflecting the impact of the company's allocation of ALM activities and liquidity costs, as well as compression in loan spreads. This was offset in part by loan growth. Firmwide investment banking fees, excluding self-led deals, decreased to $1.3 billion in the third quarter from the year-ago quarter of $1.4 billion, with higher advisory fees more than offset by a decline in equity issuance fees.

The return on average allocated capital was 14 percent in the third quarter of 2015, compared to 18 percent in the year-ago quarter.

The provision for credit losses increased$243 million from the year-ago quarter to $179 million, associated with higher loan balances and higher reserve releases in the prior year. Noninterest expense was relatively unchanged from the year-ago quarter at $2.0 billion.

Global Markets

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015			September 30 2014
Total revenue, net of interest expense, FTE basis	$	4,071		$	4,267		$	4,161
Total revenue, net of interest expense, FTE basis, excluding net DVA1	3,758			4,165			3,956
Provision for credit losses	42			6			45
Noninterest expense	2,683			2,732			3,357
Net income	$	1,008		$	992		$	371
Return on average allocated capital2	11		%	11		%	4		%
Total average assets	$	597,103		$	602,735		$	599,977

¹  Represents a non-GAAP financial measure. Net DVA gains were $313 million, $102 million and $205 million for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, 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

• Equities sales and trading revenue, excluding net DVA, increased12 percent from the year-ago quarter to $1.2 billion, driven by a strong performance in derivatives, reflecting favorable market conditions^(I).

• Bank of America Merrill Lynch’s U.S. Equity Research Team was ranked No. 1 in the 2015 All-America Institutional Investor survey.

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Financial Overview

Global Markets reported net income of $1.0 billion in the third quarter of 2015, compared to $371 million in the year-ago quarter, as lower noninterest expense, principally litigation, was partially offset by lower Fixed Income, Currencies and Commodities (FICC) sales and trading revenues.

Revenue decreased$90 million, or 2 percent, from the year-ago quarter to $4.1 billion. Excluding net DVA, revenue decreased$198 million, or 5 percent, to $3.8 billion^(J). Net DVA gains were $313 million, compared to $205 million in the year-ago quarter.

Sales and trading revenue was relatively unchanged from the year-ago quarter at $3.5 billion. Excluding net DVA, sales and trading revenue was down 4 percent from the third quarter of 2014 to $3.2 billion as higher equities sales and trading revenue was more than offset by lower FICC sales and trading revenue ^(I).

Fixed Income, Currencies and Commodities sales and trading revenue, excluding net DVA, decreased11 percent from the year-ago quarter, due to declines in credit-related businesses, offset in part by improvement in rates products^(I).Equities sales and trading revenue, excluding net DVA, increased12 percent from the year-ago quarter, led by a strong performance in derivatives, reflecting favorable market conditions^(I).

Noninterest expense of $2.7 billiondecreased$674 million from the year-ago quarter, driven by lower litigation expense. The year-ago quarter included approximately $600 million in litigation expense, the majority of which was non-deductible for tax purposes. Excluding litigation, noninterest expense declined 4 percent, driven by lower revenue-related expenses^(K).

Return on average allocated capital was 11 percent in the third quarter of 2015.

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Legacy Assets and Servicing (LAS)

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015		September 30 2014
Total revenue, net of interest expense, FTE basis	$	841		$	1,089	$	556
Provision for credit losses	6			57		267
Noninterest expense1	1,143			961		6,648
Net income (loss)	$	(196	)	$	45	$	(5,114	)
Average loans and leases	29,074			30,897		35,238
At period-end
Loans and leases	$	27,982		$	30,024	$	34,484

¹ Noninterest expense includes litigation expense of $228 million, $59 million and $5.3 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014.

Business Highlights

• The number of 60+ days delinquent first-mortgage loans serviced by LAS declined to 114,000 loans at the end of the third quarter of 2015, down 18,000 loans, or 14 percent, from the prior quarter and down 107,000 loans, or 48 percent, from the year-ago quarter.

• Noninterest expense, excluding litigation, was approximately $0.9 billion in the third quarter of 2015, compared to $0.9 billion in the second quarter of 2015 and $1.3 billion in the third quarter of 2014^(B).

Financial Overview

Legacy Assets and Servicing reported a net loss of $196 million in the third quarter of 2015, compared to a net loss of $5.1 billion for the same period in 2014, driven by lower litigation expense. Revenue increased in the third quarter of 2015 as mortgage servicing rights (MSR) net-of-hedge performance improved and the representations and warranties provision declined, partially offset by lower mortgage servicing fees. Mortgage servicing fees were down 27 percent from the year-ago quarter to $345 million as the number of first-lien and second-lien loans serviced by LAS declined from the third quarter of 2014.

The provision for credit losses decreased$261 million from the third quarter of 2014 to $6 million, driven primarily by costs related to the consumer relief portion of the U.S. Department of Justice (DoJ) settlement in the year-ago quarter.

Noninterest expense decreased$5.5 billion from the year-ago quarter to $1.1 billion primarily due to a decrease in litigation expense of $5.1 billion and lower default-related servicing expenses. Excluding litigation, noninterest expense was $0.9 billion in the third quarter of 2015, relatively unchanged from the prior quarter and down $430 million, or 32 percent, from the third quarter of 2014 as the number of 60+ days delinquent first-mortgage loans serviced by LAS declined 48 percent to 114,000 loans^(B).

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All Other¹ 

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015		September 30 2014
Total revenue, net of interest expense, FTE basis	$	(490	)	$	766	$	(43	)
Provision for credit losses	(67		)	19		(265		)
Noninterest expense	80			416		254
Net income	$	4		$	637	$	509
Total average loans	137,827			156,006		199,404

¹  All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass residential mortgages, debt 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. Beginning with new originations in 2014, we retain certain residential mortgages in Consumer Banking, consistent with where the overall relationship is managed; previously such mortgages were in All Other. Additionally, certain residential mortgage loans that are managed by Legacy Assets and Servicing are held in All Other. The results of certain ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture as well as Global Principal Investments which is comprised of a portfolio of equity, real estate and other alternative investments.

All Other reported net income of $4 million in the third quarter of 2015, compared to $509 million for the same period a year ago.

Net interest income decreased$570 million from the year-ago quarter, driven by the negative impact of the market-related adjustments on the company's debt securities due to lower long-term interest rates. Noninterest income rose $123 million from the year-ago quarter to $12 million, driven primarily by approximately $400 million in gains on sales of consumer real estate loans, compared to approximately $230 million in in gains in the year-ago quarter. Noninterest income for the third quarter of 2015 also included a charge of $303 million for the payment protection insurance provision (PPI) in the U.K. card business and $385 million in gains of the sale of debt securities. This compares with a PPI charge of $298 million and gains on debt securities of $410 million in the third quarter of 2014.

The provision for credit losses was a benefit of $67 million, compared to a benefit of $265 million in the third quarter of 2014, as the company released reserves at a slower pace compared to the year-ago quarter.

Noninterest expense declined $174 million, reflecting improved litigation and lower personnel and infrastructure costs, partially offset by higher professional fees. The third quarter of 2015 included tax benefits of $507 million, compared with tax benefits of $541 million in the third quarter of 2014.

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Credit Quality

	Three Months Ended
(Dollars in millions)	September 30 2015			June 30 2015			September 30 2014
Provision for credit losses	$	806		$	780		$	636
Net charge-offs1	932			1,068			1,043
Net charge-off ratio1, 2	0.42		%	0.49		%	0.46		%
Net charge-off ratio, including PCI write-offs2	0.49			0.62			0.57
At period-end
Nonperforming loans, leases and foreclosed properties	$	10,336		$	11,565		$	14,232
Nonperforming loans, leases and foreclosed properties ratio3	1.17		%	1.31		%	1.61		%
Allowance for loan and lease losses	$	12,657		$	13,068		$	15,106
Allowance for loan and lease losses ratio4	1.44		%	1.49		%	1.71		%

¹  Excludes write-offs of PCI loans of $148 million, $290 million and $246 million for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

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

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 ratio is 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 remained strong in the third quarter of 2015 with net charge-offs declining across most major portfolios when compared to the year-ago quarter. The balance of 30+ days performing delinquent loans, excluding fully insured loans, declined across most consumer portfolios from the year-ago quarter. Additionally, nonperforming loans, leases and foreclosed properties were down 27 percent from the year-ago period.

Net charge-offs were $932 million in the third quarter of 2015, compared to $1.1 billion in the second quarter of 2015 and $1.0 billion in the third quarter of 2014. The net charge-off ratio improved to 0.42 percent in the third quarter of 2015 from 0.46 percent in the year-ago quarter. The decline in net charge-offs was driven by an improvement primarily in consumer portfolio trends, partially offset by higher commercial charge-offs. The provision for credit losses increased$170 million from the third quarter of 2014 to $806 million. In the third quarter of 2015, the net reserve release was $126 million compared to a net reserve release of $407 million in the third quarter of 2014.

The allowance for loan and lease losses to annualized net charge-off coverage ratio was 3.42 times in the third quarter of 2015, compared with 3.65 times in the third quarter of 2014. Nonperforming loans, leases and foreclosed properties were $10.3 billion at September 30, 2015, a decrease from $11.6 billion at June 30, 2015 and $14.2 billion at September 30, 2014.

Within the commercial loan portfolio, reservable criticized loans increased 15 percent from the year-ago quarter due to certain downgrades in the company's oil and gas portfolio. However, the reservable criticized rate is still below pre-financial crisis levels.

Page 12

Capital and Liquidity Management^1,2,3 

(Dollars in billions)	At September 30 2015			At June 30 2015
Basel 3 Transition (under Standardized approach)
Common equity tier 1 capital - Basel 3	$	161.6		$	158.3
Risk-weighted assets	1,391.7			1,407.9
Common equity tier 1 capital ratio - Basel 3	11.6		%	11.2		%
Basel 3 Fully Phased-in (under Standardized approach)2,3
Common equity tier 1 capital - Basel 3	$	153.1		$	148.3
Risk-weighted assets	1,414.7			1,433.4
Common equity tier 1 capital ratio - Basel 3	10.8		%	10.3		%
Basel 3 Fully Phased-in (under Advanced approaches)2,3
Common equity tier 1 capital - Basel 3	$153.1			$148.3
Risk-weighted assets	1,397.5			1,427.4
Common equity tier 1 capital ratio - Basel 3	11.0		%	10.4		%
Pro-forma common equity tier 1 capital ratio - Basel 32,3	9.7		%	9.3		%

(Dollars in millions, except per share information)	At September 30 2015			At June 30 2015			At September 30 2014
Tangible common equity ratio4	7.8		%	7.6		%	7.2		%
Total shareholders’ equity	$	255,905		$	251,659		$	238,681
Common equity ratio	10.9		%	10.7		%	10.4		%
Tangible book value per share4	$	15.50		$	15.02		$	14.09
Book value per share	22.41			21.91			20.99

¹  Regulatory capital ratios are preliminary. Common equity tier 1 (CET1) capital, Tier 1 capital, risk-weighted assets (RWA), CET1 ratio and supplementary leverage ratio (SLR) as shown on a fully phased-in basis are non-GAAP financial measures. For more information, refer to Endnote (C) on page 13. For a reconciliation to GAAP financial measures, refer to page 18 of this press release.

²  Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma CET1 ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be 9.7 percent and 9.3 percent at September 30, 2015 and June 30, 2015, respectively. For more information, refer to Endnote (C) on page 13.

³  Basel 3 Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology (IMM). As of September 30, 2015, BAC had not received IMM approval.

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 Transition approach was 11.6 percent at September 30, 2015 and 11.2 percent at June 30, 2015.

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.

• The estimated Common equity tier 1 capital ratio under the Basel 3 Standardized approach on a fully phased-in basis was 10.8 percent at September 30, 2015 and 10.3 percent at June 30, 2015^(C).

• The estimated Common equity tier 1 capital ratio under the Basel 3 Advanced approaches on a fully phased-in basis was 11.0 percent at September 30, 2015 and 10.4 percent at June 30, 2015^(C).

Page 13

On September 3, 2015 the Federal Reserve Board and the Office of the Comptroller of the Currency announced that Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015.

As previously disclosed, with the approval to exit parallel run, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models which increased risk-weighted assets as of October 1, 2015. If the modifications to these models were included, the estimated CET1 ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be approximately 9.7 percent and 9.3 percent, at September 30, 2015 and June 30, 2015, respectively^(C).

At September 30, 2015, the estimated fully phased-in supplementary leverage ratio (SLR)^(L) for the Bank Holding Company was approximately 6.4 percent, which exceeds the 5.0 percent minimum for bank holding companies, and the estimated fully phased-in SLR for the company's primary banking entity was approximately 7.0 percent at September 30, 2015, which exceeds the 6.0 percent "well capitalized" level.

At September 30, 2015, Global Excess Liquidity Sources totaled $499 billion, compared to $484 billion at June 30, 2015 and $429 billion at September 30, 2014^(D). Time-to-required funding was 42 months at September 30, 2015, compared to 40 months at June 30, 2015 and 38 months at September 30, 2014^(D). The U.S. Liquidity Coverage Ratio estimate at September 30, 2015 exceeds the fully phased-in 2017 minimum requirement^(M).

Period-end common shares issued and outstanding were 10.43 billion at September 30, 2015, 10.47 billion at June 30, 2015 and 10.52 billion at September 30, 2014. The company repurchased approximately $800 million in common stock during the third quarter.

Tangible book value per share^(E) was $15.50 at September 30, 2015, compared to $15.02 at June 30, 2015 and $14.09 at September 30, 2014. Book value per share was $22.41 at September 30, 2015, compared to $21.91 at June 30, 2015 and $20.99 at September 30, 2014.

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

End Notes

(A) Noninterest expense, excluding litigation expense, is a non-GAAP financial measure. Noninterest expense on a GAAP basis was $13.8 billion, $13.8 billion and $20.1 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Litigation expense was $231 million, $175 million and $6.0 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

(B) Legacy Assets and Servicing (LAS) noninterest expense, excluding litigation, is a non-GAAP financial measure. LAS noninterest expense was $1.1 billion, $961 million and $6.6 billionfor the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively. LAS litigation expense was $228 million, $59 million and $5.3 billion in the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

(C) Fully phased-in estimates are non-GAAP financial measures. For a reconciliation to GAAP financial measures, refer to page 18 of this press release. 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 (CET1) capital and Tier 1 capital. Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma CET1 ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be 9.7 percent and 9.3 percent at September 30, 2015 and June 30, 2015, respectively. Basel 3 Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology (IMM). As of September 30, 2015, BAC had not received IMM approval.

Page 14

(D) 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. Time-to-required funding 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 the parent company’s Global Excess Liquidity Sources without issuing debt or sourcing additional liquidity. We define unsecured contractual obligations for purposes of this metric as maturities of senior or subordinated debt issued or guaranteed by Bank of America Corporation. We have included in the amount of unsecured contractual obligations the $8.6 billion liability, including estimated costs, for settlements, primarily for the previously announced BNY Mellon private-label securitization settlement.

(E) Tangible book value per share of common stock is a non-GAAP financial measure. For more information, refer to pages 22-24 of this press release.

(F) Return on average tangible common equity is a non-GAAP financial measure. For more information, refer to pages 22-24 of this press release.

(G) Fully taxable-equivalent (FTE) basis for the corporation 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 $9.5 billion, $10.5 billion and $10.2 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, 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 ($0.6) billion, $0.7 billion and ($0.1) billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Total revenue, net of interest expense, on a GAAP basis was $20.7 billion, $22.1 billion and $21.2 billion for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Net DVA gains were $313 million, $102 million and $205 million for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

(H) Rankings per Dealogic as of October 5, 2015 for the quarter ended September 30, 2015.

(I) Sales and Trading revenue, excluding DVA, is a non-GAAP financial measure. Sales and trading net DVA gains were $313 million and $205 million for the three months ended September 30, 2015 and 2014, respectively. Equities net DVA gains were $35 million and $72 million for the three months ended September 30, 2015 and 2014. FICC net DVA gains were $278 million and $133 million for the three months ended September 30, 2015 and September 30, 2014, respectively.

(J) Global Markets revenue, excluding net DVA, is a non-GAAP financial measure. Net DVA gains were $313 million and $205 million for the three months ended September 30, 2015 and 2014, respectively.

(K) Global Markets noninterest expense, excluding litigation expense, is a non-GAAP financial measure. Global Markets noninterest expense was $2.7 billion and $3.4 billion for the three months ended September 30, 2015 and 2014, respectively. Global Markets litigation expense was $32 million and $601 million for the three months ended September 30, 2015 and 2014, respectively.

(L) The estimated supplementary leverage ratio is measured using quarter-end Tier 1 capital as the numerator, calculated under Basel 3 on a fully phased-in basis. The denominator is supplementary leverage exposure based on the daily average of the sum of on-balance sheet exposures less permitted Tier 1 deductions, as well as the simple average of certain off-balance sheet exposures, as of the end of each month in a quarter. Off-balance sheet exposures include lending commitments, letters of credit, OTC derivatives, repo-style transactions and margin loan commitments. At September 30, 2015, the estimated SLR for the Bank Holding Company on a transition basis was 6.5 percent. Differences between fully phased-in and transitional supplementary leverage exposures are immaterial.

(M) The Liquidity Coverage Ratio (LCR) estimates are based on our current understanding of the final U.S. LCR rules which were issued on September 3, 2014.

Note: Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss third-quarter 2015 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 ET on October 14 through 11:59 p.m. ET on October 22 by telephone at 1.800.753.8546 (U.S.) or 1.402.220.0685 (international).

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products

Page 15

and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,700 retail financial centers, approximately 16,100 ATMs, and award-winning online banking with 32 million active users and more than 18 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 all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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.” Forward-looking statements 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 future matters. These statements are not guarantees of future results or performance and involve certain known and unknown 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 2014 Annual Report on Form 10-K, and in any of Bank of America's subsequent Securities and Exchange Commission filings: the Company's ability to resolve representations and warranties repurchase and related claims, including claims brought by investors or trustees seeking to distinguish certain aspects of the ACE Securities Corp. v. DB Structured Products, Inc. (ACE) ruling or to assert other claims seeking to avoid the impact of the ACE ruling; the possibility that the Company could face related servicing, securities, fraud, indemnity, contribution or other claims from one or more counterparties, including trustees, purchasers of loans, underwriters, issuers, other parties involved in securitizations, monolines or private-label and other investors; 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; potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation and regulatory proceedings, including the possibility that amounts may be in excess of the Company’s recorded liability and estimated range of possible losses for litigation exposures; 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; uncertainties about the financial stability and growth rates of non-U.S. jurisdictions, the risk that those jurisdictions may face difficulties

Page 16

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; the impact of U.S. and global interest rates, currency exchange rates and economic conditions; the impact on the Company's business, financial condition and results of operations of a potential higher interest rate environment; 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; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements, including the potential adoption of total loss-absorbing capacity requirements; the potential for payment protection insurance exposure to increase as a result of Financial Conduct Authority actions; the possible impact of Federal Reserve actions on the Company’s capital plans; the impact of implementation and compliance with new and evolving U.S. and international regulations, including but not limited to recovery and resolution planning requirements, the Volcker Rule, and derivatives regulations; the impact of recent proposed U.K. tax law changes, including a reduction to the U.K. corporate tax rate and the creation of a bank surcharge tax, which together, if enacted, will result in a tax charge upon enactment and higher tax expense going forward, as well as a reduction in the bank levy; a failure in or breach of the Company’s operational or security systems or infrastructure, or those of third parties, including as a result of cyber attacks; 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	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Net interest income	$	29,450		$	30,317		$	9,511		$	10,488		$	10,219
Noninterest income	34,551			35,205			11,171			11,629			10,990
Total revenue, net of interest expense	64,001			65,522			20,682			22,117			21,209
Provision for credit losses	2,351			2,056			806			780			636
Noninterest expense	43,320			60,921			13,807			13,818			20,142
Income before income taxes	18,330			2,545			6,069			7,519			431
Income tax expense	5,145			762			1,561			2,199			663
Net income (loss)	$	13,185		$	1,783		$	4,508		$	5,320		$	(232	)
Preferred stock dividends	1,153			732			441			330			238
Net income (loss) applicable to common shareholders	$	12,032		$	1,051		$	4,067		$	4,990		$	(470	)
Common shares issued	3,983			25,218			36			88			69
Average common shares issued and outstanding	10,483,466			10,531,688			10,444,291			10,488,137			10,515,790
Average diluted common shares issued and outstanding (1)	11,234,125			10,587,841			11,197,203			11,238,060			10,515,790
Summary Average Balance Sheet
Total debt securities	$	388,007		$	345,194		$	394,420		$	386,357		$	359,653
Total loans and leases	878,921			910,360			882,841			881,415			899,241
Total earning assets	1,822,720			1,819,247			1,847,396			1,815,892			1,813,482
Total assets	2,153,289			2,148,298			2,168,993			2,151,966			2,136,109
Total deposits	1,145,686			1,124,777			1,159,231			1,146,789			1,127,488
Common shareholders' equity	228,609			222,598			231,620			228,780			222,374
Total shareholders' equity	250,260			236,806			253,893			251,054			238,040
Performance Ratios
Return on average assets	0.82		%	0.11		%	0.82		%	0.99		%	n/m
Return on average tangible common shareholders' equity (2)	10.29			0.94			10.11			12.78			n/m
Per common share information
Earnings (loss)	$	1.15		$	0.10		$	0.39		$	0.48		$	(0.04	)
Diluted earnings (loss) (1)	1.09			0.10			0.37			0.45			(0.04		)
Dividends paid	0.15			0.07			0.05			0.05			0.05
Book value	22.41			20.99			22.41			21.91			20.99
Tangible book value (2)	15.50			14.09			15.50			15.02			14.09
							September 30 2015			June 30 2015			September 30 2014
Summary Period-End Balance Sheet
Total debt securities							$	391,651		$	392,379		$	368,124
Total loans and leases							887,689			886,449			891,315
Total earning assets							1,826,310			1,807,112			1,783,051
Total assets							2,153,006			2,149,034			2,123,613
Total deposits							1,162,009			1,149,560			1,111,981
Common shareholders' equity							233,632			229,386			220,768
Total shareholders' equity							255,905			251,659			238,681
Common shares issued and outstanding							10,427,305			10,471,837			10,515,894
Credit Quality	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Total net charge-offs	$	3,194		$	3,504		$	932		$	1,068		$	1,043
Net charge-offs as a percentage of average loans and leases outstanding (3)	0.49		%	0.52		%	0.42		%	0.49		%	0.46		%
Provision for credit losses	$	2,351		$	2,056		$	806		$	780		$	636
							September 30 2015			June 30 2015			September 30 2014
Total nonperforming loans, leases and foreclosed properties (4)							$	10,336		$	11,565		$	14,232
Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3)							1.17		%	1.31		%	1.61		%
Allowance for loan and lease losses							$	12,657		$	13,068		$	15,106
Allowance for loan and lease losses as a percentage of total loans and leases outstanding (3)							1.44		%	1.49		%	1.71		%
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 Standardized Transition
Capital Management	September 30 2015			June 30 2015			September 30 2014
Risk-based capital metrics (5, 6):
Common equity tier 1 capital	$	161,649		$	158,326		$	152,444
Common equity tier 1 capital ratio	11.6		%	11.2		%	12.0		%
Tier 1 leverage ratio	8.5			8.5			7.9
Tangible equity ratio (7)	8.8			8.6			8.1
Tangible common equity ratio (7)	7.8			7.6			7.2
Regulatory Capital Reconciliations(5, 8, 9)	September 30 2015			June 30 2015			September 30 2014
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition) (6)	$	161,649		$	158,326		$	152,444
Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition	(5,554		)	(5,706		)	(10,502		)
Accumulated OCI phased in during transition	(1,018		)	(1,884		)	(2,399		)
Intangibles phased in during transition	(1,654		)	(1,751		)	(2,697		)
Defined benefit pension fund assets phased in during transition	(470		)	(476		)	(664		)
DVA related to liabilities and derivatives phased in during transition	228			384			974
Other adjustments and deductions phased in during transition	(92		)	(587		)	(2,050		)
Common equity tier 1 capital (fully phased-in)	$	153,089		$	148,306		$	135,106
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
As reported risk-weighted assets (6)	$	1,391,672		$	1,407,891		$	1,271,723
Change in risk-weighted assets from reported to fully phased-in	22,989			25,460			146,516
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	1,414,661			1,433,351			1,418,239
Change in risk-weighted assets for advanced models	(17,157		)	(5,963		)	(8,375		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in)	$	1,397,504		$	1,427,388		$	1,409,864
Regulatory capital ratios
Basel 3 Standardized approach Common equity tier 1 (transition) (6)	11.6		%	11.2		%	12.0		%
Basel 3 Standardized approach Common equity tier 1 (fully phased-in)	10.8			10.3			9.5
Basel 3 Advanced approaches Common equity tier 1 (fully phased-in)	11.0			10.4			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 third quarter of 2014 because of net loss applicable to common shareholders.

⁽²⁾  Return on average tangible common 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⁾  Common equity tier 1 capital ratios at September 30, 2015 and June 30, 2015 reflect the migration of the risk-weighted assets calculation from the general risk-based approach to the Basel 3 Standardized approach, and Common equity tier 1 capital includes the 2015 phase-in of regulatory capital transition provisions.

⁽⁷⁾  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.

⁽⁸⁾  Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models, which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma risk-weighted assets and Common equity tier 1 capital ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be $1,570 billion and 9.7 percent at September 30, 2015.

⁽⁹⁾  Fully phased-in estimates are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above. Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology. As of September 30, 2015, we had not received internal models methodology approval.

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)
	Third Quarter 2015
	Consumer Banking			GWIM			Global Banking			Global Markets			Legacy Assets & Servicing			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	7,832		$	4,468		$	4,191		$	4,071		$	841		$	(490	)
Provision for credit losses	648			(2		)	179			42			6			(67		)
Noninterest expense	4,434			3,447			2,020			2,683			1,143			80
Net income (loss)	1,759			656			1,277			1,008			(196		)	4
Return on average allocated capital (2)	24		%	22		%	14		%	11		%	n/m			n/m
Balance Sheet
Average
Total loans and leases	$	206,337		$	133,168		$	310,043		$	66,392		$	29,074		$	137,827
Total deposits	548,895			243,980			296,321			37,050			n/m			22,605
Allocated capital (2)	29,000			12,000			35,000			35,000			24,000			n/m
Period end
Total loans and leases	$	208,981		$	134,630		$	315,224		$	70,159		$	27,982		$	130,713
Total deposits	551,539			246,172			297,644			36,019			n/m			21,771
	Second Quarter 2015
	Consumer Banking			GWIM			Global Banking			Global Markets			Legacy Assets & Servicing			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	7,544		$	4,573		$	4,106		$	4,267		$	1,089		$	766
Provision for credit losses	506			15			177			6			57			19
Noninterest expense	4,318			3,459			1,932			2,732			961			416
Net income	1,706			689			1,251			992			45			637
Return on average allocated capital (2)	24		%	23		%	14		%	11		%	1		%	n/m
Balance Sheet
Average
Total loans and leases	$	201,703		$	130,270		$	300,631		$	61,908		$	30,897		$	156,006
Total deposits	545,454			239,974			288,117			39,718			n/m			22,482
Allocated capital (2)	29,000			12,000			35,000			35,000			24,000			n/m
Period end
Total loans and leases	$	204,380		$	132,377		$	307,085		$	66,026		$	30,024		$	146,557
Total deposits	547,343			237,624			292,261			39,326			n/m			22,964
	Third Quarter 2014
	Consumer Banking			GWIM			Global Banking			Global Markets			Legacy Assets & Servicing			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	7,749		$	4,666		$	4,345		$	4,161		$	556		$	(43	)
Provision for credit losses	668			(15		)	(64		)	45			267			(265		)
Noninterest expense	4,462			3,405			2,016			3,357			6,648			254
Net income (loss)	1,669			812			1,521			371			(5,114		)	509
Return on average allocated capital (2)	22		%	27		%	18		%	4		%	n/m			n/m
Balance Sheet
Average
Total loans and leases	$	197,374		$	121,002		$	283,264		$	62,959		$	35,238		$	199,404
Total deposits	514,549			239,352			291,927			39,345			n/m			29,879
Allocated capital (2)	30,000			12,000			33,500			34,000			17,000			n/m
Period end
Total loans and leases	$	198,467		$	122,395		$	284,908		$	62,705		$	34,484		$	188,356
Total deposits	515,580			238,710			282,325			39,133			n/m			25,419

⁽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)
	Nine Months Ended September 30, 2015
	Consumer Banking			GWIM			Global Banking			Global Markets			Legacy Assets & Servicing			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	22,826		$	13,558		$	12,567		$	12,961		$	2,844		$	(77	)
Provision for credit losses	1,870			36			452			69			154			(230		)
Noninterest expense	13,141			10,366			5,952			8,556			3,307			1,998
Net income (loss)	4,940			1,995			3,895			2,944			(390		)	(199		)
Return on average allocated capital (2)	23		%	22		%	15		%	11		%	n/m			n/m
Balance Sheet
Average
Total loans and leases	$	202,565		$	129,881		$	300,141		$	61,798		$	30,782		$	153,754
Total deposits	541,969			242,507			290,327			38,813			n/m			21,508
Allocated capital (2)	29,000			12,000			35,000			35,000			24,000			n/m
Period end
Total loans and leases	$	208,981		$	134,630		$	315,224		$	70,159		$	27,982		$	130,713
Total deposits	551,539			246,172			297,644			36,019			n/m			21,771
	Nine Months Ended September 30, 2014
	Consumer Banking			GWIM			Global Banking			Global Markets			Legacy Assets & Servicing			All Other
Total revenue, net of interest expense (FTE basis) (1)	$	23,049		$	13,802		$	13,293		$	13,801		$	2,042		$	174
Provision for credit losses	2,027			—			353			83			240			(647		)
Noninterest expense	13,446			10,213			6,200			9,341			19,287			2,434
Net income (loss)	4,781			2,264			4,249			2,780			(12,737		)	446
Return on average allocated capital (2)	21		%	25		%	17		%	11		%	n/m			n/m
Balance Sheet
Average
Total loans and leases	$	196,408		$	118,505		$	286,309		$	63,409		$	36,672		$	209,057
Total deposits	511,214			240,716			286,633			40,769			n/m			33,759
Allocated capital (2)	30,000			12,000			33,500			34,000			17,000			n/m
Period end
Total loans and leases	$	198,467		$	122,395		$	284,908		$	62,705		$	34,484		$	188,356
Total deposits	515,580			238,710			282,325			39,133			n/m			25,419

⁽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)	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Net interest income	$	30,128		$	30,956		$	9,742		$	10,716		$	10,444
Total revenue, net of interest expense	64,679			66,161			20,913			22,345			21,434
Net interest yield	2.21		%	2.27		%	2.10		%	2.37		%	2.29		%
Efficiency ratio	66.98			92.08			66.03			61.84			93.97
Other Data							September 30 2015			June 30 2015			September 30 2014
Number of financial centers - U.S.							4,741			4,789			4,947
Number of branded ATMs - U.S.							16,062			15,992			15,671
Ending full-time equivalent employees							215,193			216,679			229,538

⁽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.

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 periodically reviews capital allocated to its businesses and allocates capital annually during the strategic and capital planning processes. We utilize 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, risk-weighted assets measured under Basel 3 Standardized and Advanced approaches, business segment exposures and risk profile, and strategic plans. As part of this process, in 2015, the Corporation adjusted the amount of capital being allocated to its business segments, primarily Legacy Assets & Servicing.

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 nine months ended September 30, 2015 and 2014 and the three months ended September 30, 2015, June 30, 2015 and September 30, 2014. 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.

	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	29,450		$	30,317		$	9,511		$	10,488		$	10,219
Fully taxable-equivalent adjustment	678			639			231			228			225
Net interest income on a fully taxable-equivalent basis	$	30,128		$	30,956		$	9,742		$	10,716		$	10,444
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	$	64,001		$	65,522		$	20,682		$	22,117		$	21,209
Fully taxable-equivalent adjustment	678			639			231			228			225
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	64,679		$	66,161		$	20,913		$	22,345		$	21,434
Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	5,145		$	762		$	1,561		$	2,199		$	663
Fully taxable-equivalent adjustment	678			639			231			228			225
Income tax expense on a fully taxable-equivalent basis	$	5,823		$	1,401		$	1,792		$	2,427		$	888
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	228,609		$	222,598		$	231,620		$	228,780		$	222,374
Goodwill	(69,775		)	(69,818		)	(69,774		)	(69,775		)	(69,792		)
Intangible assets (excluding mortgage servicing rights)	(4,307		)	(5,232		)	(4,099		)	(4,307		)	(4,992		)
Related deferred tax liabilities	1,885			2,114			1,811			1,885			2,077
Tangible common shareholders' equity	$	156,412		$	149,662		$	159,558		$	156,583		$	149,667
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	250,260		$	236,806		$	253,893		$	251,054		$	238,040
Goodwill	(69,775		)	(69,818		)	(69,774		)	(69,775		)	(69,792		)
Intangible assets (excluding mortgage servicing rights)	(4,307		)	(5,232		)	(4,099		)	(4,307		)	(4,992		)
Related deferred tax liabilities	1,885			2,114			1,811			1,885			2,077
Tangible shareholders' equity	$	178,063		$	163,870		$	181,831		$	178,857		$	165,333

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, except per share data; shares in thousands)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	233,632		$	220,768		$	233,632		$	229,386		$	220,768
Goodwill	(69,761		)	(69,784		)	(69,761		)	(69,775		)	(69,784		)
Intangible assets (excluding mortgage servicing rights)	(3,973		)	(4,849		)	(3,973		)	(4,188		)	(4,849		)
Related deferred tax liabilities	1,762			2,019			1,762			1,813			2,019
Tangible common shareholders' equity	$	161,660		$	148,154		$	161,660		$	157,236		$	148,154
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	255,905		$	238,681		$	255,905		$	251,659		$	238,681
Goodwill	(69,761		)	(69,784		)	(69,761		)	(69,775		)	(69,784		)
Intangible assets (excluding mortgage servicing rights)	(3,973		)	(4,849		)	(3,973		)	(4,188		)	(4,849		)
Related deferred tax liabilities	1,762			2,019			1,762			1,813			2,019
Tangible shareholders' equity	$	183,933		$	166,067		$	183,933		$	179,509		$	166,067
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,153,006		$	2,123,613		$	2,153,006		$	2,149,034		$	2,123,613
Goodwill	(69,761		)	(69,784		)	(69,761		)	(69,775		)	(69,784		)
Intangible assets (excluding mortgage servicing rights)	(3,973		)	(4,849		)	(3,973		)	(4,188		)	(4,849		)
Related deferred tax liabilities	1,762			2,019			1,762			1,813			2,019
Tangible assets	$	2,081,034		$	2,050,999		$	2,081,034		$	2,076,884		$	2,050,999
Book value per share of common stock
Common shareholders' equity	$	233,632		$	220,768		$	233,632		$	229,386		$	220,768
Ending common shares issued and outstanding	10,427,305			10,515,894			10,427,305			10,471,837			10,515,894
Book value per share of common stock	$	22.41		$	20.99		$	22.41		$	21.91		$	20.99
Tangible book value per share of common stock
Tangible common shareholders' equity	$	161,660		$	148,154		$	161,660		$	157,236		$	148,154
Ending common shares issued and outstanding	10,427,305			10,515,894			10,427,305			10,471,837			10,515,894
Tangible book value per share of common stock	$	15.50		$	14.09		$	15.50		$	15.02		$	14.09

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)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Reconciliation of return on average allocated capital(1)
Consumer Banking
Reported net income	$	4,940		$	4,781		$	1,759		$	1,706		$	1,669
Adjustment related to intangibles (2)	3			3			1			1			1
Adjusted net income	$	4,943		$	4,784		$	1,760		$	1,707		$	1,670
Average allocated equity (3)	$	59,330		$	60,401		$	59,312		$	59,330		$	60,385
Adjustment related to goodwill and a percentage of intangibles	(30,330		)	(30,401		)	(30,312		)	(30,330		)	(30,385		)
Average allocated capital	$	29,000		$	30,000		$	29,000		$	29,000		$	30,000
Global Wealth & Investment Management
Reported net income	$	1,995		$	2,264		$	656		$	689		$	812
Adjustment related to intangibles (2)	9			10			3			3			3
Adjusted net income	$	2,004		$	2,274		$	659		$	692		$	815
Average allocated equity (3)	$	22,135		$	22,223		$	22,132		$	22,106		$	22,204
Adjustment related to goodwill and a percentage of intangibles	(10,135		)	(10,223		)	(10,132		)	(10,106		)	(10,204		)
Average allocated capital	$	12,000		$	12,000		$	12,000		$	12,000		$	12,000
Global Banking
Reported net income	$	3,895		$	4,249		$	1,277		$	1,251		$	1,521
Adjustment related to intangibles (2)	1			1			1			—			—
Adjusted net income	$	3,896		$	4,250		$	1,278		$	1,251		$	1,521
Average allocated equity (3)	$	58,934		$	57,432		$	58,947		$	58,978		$	57,421
Adjustment related to goodwill and a percentage of intangibles	(23,934		)	(23,932		)	(23,947		)	(23,978		)	(23,921		)
Average allocated capital	$	35,000		$	33,500		$	35,000		$	35,000		$	33,500
Global Markets
Reported net income	$	2,944		$	2,780		$	1,008		$	992		$	371
Adjustment related to intangibles (2)	9			7			5			2			2
Adjusted net income	$	2,953		$	2,787		$	1,013		$	994		$	373
Average allocated equity (3)	$	40,405		$	39,394		$	40,351		$	40,432		$	39,401
Adjustment related to goodwill and a percentage of intangibles	(5,405		)	(5,394		)	(5,351		)	(5,432		)	(5,401		)
Average allocated capital	$	35,000		$	34,000		$	35,000		$	35,000		$	34,000

⁽¹⁾ There are no adjustments to reported net income (loss) or average allocated equity for Legacy Assets & Servicing.

⁽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 3Q15 Financial Results October 14, 2015

3Q15 Highlights 2 • Net income of $4.5B in 3Q15, or $0.37 per diluted common share, which included the following selected items: – ($0.03) per share after-tax from negative market-related NII adjustments 1 ($0.6B pre-tax) – $0.02 per share after-tax from positive net debit valuation adjustments ($0.3B pre-tax) – $0.02 per share after-tax net positive impact from gain on sales of consumer real estate loans ($0.4B pre-tax), charge for UK payment protection insurance ($0.3B pre-tax), and income tax benefits related to certain non-U.S. subsidiary restructurings • Solid earnings performance over the last 4 quarters; trailing 12 months net income of $16.2B • Good customer activity in primary business segments • Net interest income, excluding market-related NII adjustments 1, improved from 2Q15 • Maintained expense discipline • Asset quality remains strong • Record capital and liquidity levels • Returned $1.3B of capital to shareholders in 3Q15 through common stock repurchases and dividends ____________________ 1 See note I on slide 23 for definition of market-related net interest income (NII) adjustments.

3Q15 Results 3 ____________________ n/m = not meaningful 1 FTE basis. 2 Represents a non-GAAP financial measure; see note A on slide 23. 3 Represents a non-GAAP financial measure. For important presentation information, see slide 25. $ in billions, except per share data 3Q15 2Q15 3Q14 Summary Income Statement Total revenue, net of interest expense 1, 2 $20.9 $22.3 $21.4 Noninterest expense 13.8 13.8 20.1 Provision for credit losses 0.8 0.8 0.6 Net income (loss) 4.5 5.3 (0.2) Diluted earnings (loss) per common share $0.37 $0.45 ($0.04) Average diluted common shares (in billions) 11.20 11.24 10.52 Returns Return on average assets 0.82 % 0.99 % n/m Return on average common shareholders' equity 7.0 8.8 n/m Return on average tangible common shareholders' equity 3 10.1 12.8 n/m Efficiency ratio 1, 3 66.0 61.8 94.0 %

Balance Sheet, Liquidity, and Capital Highlights 4 $ in billions, except per shares data Balance Sheet (end of period balances) Total assets $2,153.0 $2,149.0 $2,123.6 Total loans and leases 887.7 886.4 891.3 Total deposits 1,162.0 1,149.6 1,112.0 Funding & Liquidity Long-term debt $237.3 $243.4 $250.1 Global Excess Liquidity Sources 1 499 484 429 Time to Required Funding (in months) 2 42 40 38 Equity Tangible common shareholders' equity 3 $161.7 $157.2 $148.2 Tangible common equity ratio 3 7.8 % 7.6 % 7.2 % Common shareholders' equity $233.6 $229.4 $220.8 Common equity ratio 10.9 % 10.7 % 10.4 % Per Share Data Tangible book value per common share 3 $15.50 $15.02 $14.09 Book value per common share 22.41 21.91 20.99 Common shares outstanding (in billions) 10.43 10.47 10.52 3Q15 2Q15 3Q14 ____________________ n/d = not disclosed 1 See note J on slide 23 for definition of Global Excess Liquidity Sources. 2 See note K on slide 23 for definition of Time to Required Funding. For 3Q14 through 3Q15, we have included in the amount of unsecured contractual obligations the $8.6B liability, including estimated costs, for settlements, primarily for the previously announced BNY Mellon private-label securitization settlement. 3 Represents a non-GAAP financial measure. For important presentation information, see slide 25. 4 Regulatory capital ratios are preliminary. Common equity tier 1 (CET1) capital, Tier 1 capital, risk-weighted assets (RWA), CET1 ratio and bank holding company supplementary leverage ratio (SLR) as shown on a fully phased-in basis are non-GAAP financial measures. For important presentation information, see slide 25. For a reconciliation of CET1 and SLR transition to fully phased-in, see slide 22. 5 Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models, which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma RWA would be $1,570B at September 30, 2015. 6 Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology (IMM). As of September 30, 2015, BAC had not received IMM approval. 7 The numerator of the SLR is quarter-end Basel 3 Tier 1 capital. The denominator is total leverage exposure based on the daily average of the sum of on-balance sheet exposures less permitted Tier 1 deductions, as well as the simple average of certain off-balance sheet exposures, as of the end of each month in a quarter. Off-balance sheet exposures primarily include undrawn lending commitments, letters of credit, OTC derivatives and repo-style transactions. Differences between fully phased-in and transitional supplementary leverage exposures are immaterial. $ in billions Basel 3 Transition (under Standardized approach) 4 Common equity tier 1 capital $161.6 $158.3 $152.4 Risk-weighted assets 1,392 1,408 1,272 CET1 ratio 11.6 % 11.2 % 12.0 % Basel 3 Fully Phased-in 4, 5, 6 Common equity tier 1 capital $153.1 $148.3 $135.1 Standardized approach Risk-weighted assets 1,415 1,433 1,418 CET1 ratio 10.8 % 10.3 % 9.5 % Advanced approaches 6 Risk-weighted assets $1,398 $1,427 $1,410 CET1 ratio 11.0 % 10.4 % 9.6 % Pr -forma CET1 ratio 5 9.7 9.3 n/d Supplementary leverage 7 Tier 1 capital $174.6 $170.6 $153.0 Bank holding company SLR 6.4 % 6.3 % 5.6 % Bank SLR 7.0 7.0 n/d 3Q15 2Q15 3Q14

Loans & Leases and Deposits (EOP, $B) 5 ____________________ Note: Amounts may not total due to rounding. 1 Beginning with new originations in 2014, we retain certain residential mortgages in Consumer Banking, consistent with where the overall relationship is managed; previously such mortgages were retained in All Other. 2 Represents a non-GAAP financial measure. Total Loans & Leases LAS & All Other Loans & Leases $891 $881 $878 $886 $888 $0 $250 $500 $750 $1,000 3Q14 4Q14 1Q15 2Q15 3Q15 188 173 160 147 131 34 33 32 30 28 $223 $206 $192 $177 $159 $0 $50 $100 $150 $200 $250 3Q14 4Q14 1Q15 2Q15 3Q15 All Other Legacy Assets & Servicing (LAS) 388 390 401 416 429 280 286 286 294 300 $668 $676 $686 $710 $729 $0 $200 $400 $600 $800 3Q14 4Q14 1Q15 2Q15 3Q15 Commercial Consumer Consumer Banking Deposits 458 469 497 498 504 58 55 53 50 48 $516 $524 $549 $547 $552 $0 $200 $400 $600 3Q14 4Q14 1Q15 2Q15 3Q15 Deposits excl. CDs and IRAs CDs and IRAs Total Deposits 516 524 549 547 552 239 245 244 238 246 282 280 290 292 298 $1,112 $1,119 $1,153 $1,150 $1,162 $0 $300 $600 $900 $1,200 3Q14 4Q14 1Q15 2Q15 3Q15 Consumer Banking GWIM Global Banking Other (GM, LAS, All Other) Interest vs. Noninterest-bearing Deposits 65% 64% 63% 63% 63% 35% 36% 37% 37% 37% 0% 25% 50% 75% 100% 3Q14 4Q14 1Q15 2Q15 3Q15 Interest-bearing Noninterest-bearing 1 Loans & Leases (excl. LAS & All Other) 2

$1.0 $0.9 $1.2 $1.1 $0.9 $1.2 $1.0 $1.0 $0.9 $0.9 0.52% 0.47% 0.47% 0.43% 0.42% 0.46% 0.40% 0.56% 0.49% 0.42% 0.0% 0.5% 1.0% $0.0 $0.5 $1.0 $1.5 3Q14 4Q14 1Q15 2Q15 3Q15 Reported NCOs and ratio Adjusted NCOs and ratio ____________________ 1 See note B on slide 23. 2 Represents a non-GAAP financial measure; see note C on slide 23. 3 Excludes FHA-insured loans and other loans individually insured under long-term standby agreements. 4 See note D on slide 23. Asset Quality Trends 6 Net Charge-offs (NCOs) and Adjusted Net Charge-offs ($B) Allowance for Loans and Leases ($B) 4 Provision for Credit Losses ($B) Consumer 30+ Days Performing Past Due ($B) 3 $0.6 $0.2 $0.8 $0.8 $0.8 $0.0 $0.5 $1.0 3Q14 4Q14 1Q15 2Q15 3Q15 $5.3 $4.8 $4.4 $4.2 $4.3 $0 $2 $4 $6 3Q14 4Q14 1Q15 2Q15 3Q15 $15.1 $14.4 $13.7 $13.1 $12.7 3.65x 4.14x 2.82x 3.05x 3.42x 3.29x 3.49x 3.36x 3.51x 3.40x 0x 2x 4x 6x 8x $0 $5 $10 $15 $20 3Q14 4Q14 1Q15 2Q15 3Q15 T h o u s a n d s Allowance for loans and leases Allowance / annualized NCOs Allowance / adjusted annualized NCOs 2 1 2

Net Interest Income 7 • Reported net interest income (NII) 1 of $9.7B • Negative market-related NII adjustments of $597MM in 3Q15 versus positive $669MM adjustments in 2Q15 • Excluding market-related adjustments, NII 1 of $10.3B increased $292MM from 2Q15, driven by commercial loan growth, improved trading-related NII and one additional interest accrual day – Adjusted net interest yield was relatively stable at 2.23% • We remain well positioned for NII to benefit as rates move higher – +100 bps parallel shift in interest rate yield curve is estimated to benefit NII by $4.5B over the next 12 months 2 – Asset sensitivity has increased since prior quarter primarily driven by decreases in long-end rates ____________________ 1 FTE basis. Represents a non-GAAP financial measure; see note E on slide 23. 2 NII asset sensitivity excludes the impact of trading-related activities. Reported NII ($B) 1 NII Excluding Market-related Adjustments ($B) 1 $10.4 $9.9 $9.7 $10.7 $9.7 2.29% 2.18% 2.17% 2.37% 2.10% 0% 1% 2% 3% 4% $0 $3 $6 $9 $12 3Q14 4Q14 1Q15 2Q15 3Q15 Net interest income Net interest yield $10.5 $10.4 $10.2 $10.0 $10.3 2.30% 2.31% 2.28% 2.22% 2.23% 0% 1% 2% 3% 4% $0 $3 $6 $9 $12 3Q14 4Q14 1Q15 2Q15 3Q15 Net interest income Net interest yield

12.8 12.7 12.7 1.3 0.9 0.9 6.0 0.2 0.2 $20.1 $13.8 $13.8 $0 $4 $8 $12 $16 $20 $24 3Q14 2Q15 3Q15 All other LAS (excl. litigation) Litigation Expense Highlights ____________________ 1 Represents a non-GAAP financial measure; see note F on slide 23. 2 Represents a non-GAAP financial measure. • Total noninterest expense of $13.8B in 3Q15 • Noninterest expense, excluding litigation 2, of $13.6B declined $0.6B, or 4.2%, from 3Q14, driven by progress made on LAS cost initiatives, while benefits from optimization efforts across the franchise were largely offset by investments in the business • LAS expense, excluding litigation 1, of $0.9B in 3Q15; expected to decline to approximately $0.8B in 4Q15 • FTE headcount was down 6% from 3Q14, as continued progress in LAS and other reductions in support staff and infrastructure more than offset increased staffing in client-facing associates Noninterest Expense ($B) Full-time Equivalent Employees (000's) 8 1 213 204 204 17 13 11 230 217 215 0 50 100 150 200 250 3Q14 2Q15 3Q15 FTEs (excluding LAS) LAS FTEs

Consumer Banking 9 ____________________ 1 FTE basis. 2 Cost of deposits calculated as annualized noninterest expense within the Deposits subsegment as a percentage of total average deposits within Consumer Banking. 3 Beginning in 1Q15, includes approximately 150,000 Merrill Edge and MyMerrill users. 4 Represents a non-GAAP financial measure. For important presentation information, see slide 25. 5 Includes average U.S. consumer credit card balances in GWIM of $3.0B, $3.1B and $3.2B in 3Q15, 2Q15 and 3Q14, respectively. 6 The risk-adjusted margin in 3Q15 is shown excluding a divestiture gain, including this impact, risk-adjusted margin would have been 9.54%. 7 Total mortgage production includes first mortgage and home equity originations in Consumer Banking and GWIM. Amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit. • [ Bullets to come ] • Net income of $1.8B, up 5.4% from 3Q14; ROAAC of 24% 4 Revenue f $7.8B, up 1.1% from 3Q14 – NII declined as the benefit from higher deposits was more than offset by the impact of the firm’s allocation of asset- liability management (ALM) activities and lower card yields – Noninterest income improved due to gains on divestitures and higher card income, partially offset by lower service charges • Noninterest expense decreased from 3Q14, as savings from network optimization were partially offset by investments in the business and higher fraud costs; efficiency ratio 4 of 57% in 3Q15 – Financial centers down 4% from 3Q14 to 4,741 – Total FTEs down 7% from 3Q14 to 66K, while sales specialists grew 5% to 7,185 • Consumer client activity highlights: – Average deposits grew $34B, or 7%, from 3Q14 – Total mortgage and home equity production of $16.9B, up $1.9B from 3Q14 7 – Issued 1.3MM new total U.S. consumer credit cards – Client brokerage assets of $117B, up $9B from 3Q14, driven by strong account flows, partially offset by lower market valuations – Mobile banking users of 18.4MM; 14% of deposit transactions completed through mobile devices $ in millions Net interest income 1 $5,005 $95 ($76) Noninterest income 2,827 193 159 Total revenue, net of interest expense 1 7,832 288 83 Provis ion for credit losses 648 142 (20) Noninterest expense 4,434 116 (28) Income tax expense 1 991 (23) 41 Net income $1,759 $53 $90 Key Indicators ($ in billions) Average depos its $548.9 $545.5 $514.5 Rate paid on depos its 0.05 % 0.05 % 0.06 % Cost of depos its 2 1.80 1.74 1.91 Average loans and leases $206.3 $201.7 $197.4 Mobi le financia l customers (MM) 3 18.4 17.6 16.1 Number of financia l centers 4,741 4,789 4,947 Return on average a l located capita l 4 24 % 24 % 22 % Al located capita l 4 $29.0 $29.0 $30.0 Efficiency ratio 1, 4 57 % 57 % 58 % Total U.S. consumer credit card 5 ($ in billions) Average outstandings $88.2 $87.5 $88.9 Risk-adjusted margin 6 9.32 % 8.92 % 9.33 % Net charge-off ratio 2.46 2.68 2.79 New card accounts (MM) 1.3 1.3 1.2 Combined credit / debit purchase volumes $125.8 $126.7 $121.8 3Q15 2Q15 3Q14 Inc/(Dec) 3Q15 2Q15 3Q14 3Q15 2Q15 3Q14

71.3 68.4 66.7 65.7 66.0 6.9 6.8 6.9 7.0 7.2 0 2 4 6 8 10 0 20 40 60 80 3Q14 4Q14 1Q15 2Q15 3Q15 Th o u sa n d s Th o u sa n d s FTEs Sales specialists Consumer Banking Trends 10 • #1 Retail Deposit Market Share in our footprint 1 • #3 in U.S. Credit Card Balances 2 • #1 Home Equity Lender (Inside Mortgage Finance) 3 • #2 in J.D. Power Primary Mortgage Origination Satisfaction Study • #1 in Mobile Banking (Keynote) 3 • #2 Small Business Lender 4 • #1 in Prime Auto Credit mix among peers 5 1.2 1.3 1.2 1.2 1.2 1.1 1.0 1.0 1.0 1.1 0.2 0.2 0.3 0.3 0.2 0.2 0.2 0.2 0.1 0.3 $2.7 $2.8 $2.6 $2.6 $2.8 $0 $1 $2 $3 3Q14 4Q14 1Q15 2Q15 3Q15 Card income Service charges Mortgage banking income All other income 11.7 11.6 13.7 16.0 13.7 3.2 3.4 3.2 3.2 3.1 $15.0 $15.0 $16.9 $19.2 $16.9 $0 $7 $14 $21 3Q14 4Q14 1Q15 2Q15 3Q15 Residential mortgage loans Home equity 516 524 549 547 552 198 202 200 204 209 109 114 118 122 117 $823 $840 $868 $874 $878 $0 $250 $500 $750 $1,000 3Q14 4Q14 1Q15 2Q15 3Q15 Deposits Loans and leases Client brokerage assets ____________________ Note: Amounts may not total due to rounding. 1 Source: SNL branch data. U.S. retail deposit market share in BAC footprint based on June 2014 FDIC deposit data, adjusted to remove commercial balances. 2 Source: Competitor 2Q15 earnings releases. 3 As of June 30, 2015. 4 Source: FDIC as of June 30, 2014. 5 Largest percentage of 740+ Scorex customers among key competitors as of July 2015. Source: Total Units Experian Autocount Risk Loan Analysis Scorex + (Loans, New & Used, Franchised Dealers). 6 Beginning with new originations in 2014, we retain certain residential mortgages in Consumer Banking, consistent with where the overall relationship is managed; previously such mortgages were retained in All Other. 7 Total mortgage production includes first mortgage and home equity originations in Consumer Banking and GWIM. Amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit. 86 86 86 84 85 38 38 38 39 41 46 46 45 45 44 8 9 11 14 17 20 20 20 19 19 $197 $199 $200 $202 $206 $0 $50 $100 $150 $200 $250 3Q14 4Q14 1Q15 2Q15 3Q15 U.S. consumer credit card Auto and specialty lending Home equity Residential mortgage Other Leading Consumer Franchise Total Mortgage Production ($B) 7 Average Loans and Leases ($B) Total Noninterest Income ($B) Consumer Client Balances (EOP, $B) Full-Time Equivalent Employees (000’s) 6

Global Wealth & Investment Management 11 ____________________ 1 FTE basis. 2 Represents a non-GAAP financial measure. For important presentation information, see slide 25. 3 Includes financial advisors in Consumer Banking of 2,042 and 1,868 in 3Q15 and 3Q14. • Net income of $0.7B, generating a pre-tax margin of 23% and ROAAC of 22% 2 • Revenue of $4.5B, down 4.2% from 3Q14 – NII decline due primarily to the impact of the firm’s allocation of ALM activities, partially offset by loan growth – Noninterest income down as higher asset management fees were more than offset by lower transactional activity • Noninterest expense increased from 3Q14, reflecting higher litigation-related costs and investment in client-facing professionals • Wealth advisors grew 6% from 3Q14 to 18,037 3 • Client balances of $2.4T, down $125B from 2Q15, driven by market valuations – Long-term AUM flows of $4.4B, positive for the 25th consecutive quarter • Average loans of $133B, up $3B from 2Q15 and $12B, or 10%, versus 3Q14; 22nd consecutive quarter of loan balance growth • Average deposits of $244B, up $4B from 2Q15 $ in millions Net interest income 1 $1,376 $17 ($83) Noninterest income 3,092 (122) (115) Total revenue, net of interest expense 1 4,468 (105) (198) Provis ion for credit losses (2) (17) 13 Noninterest expense 3,447 (12) 42 Income tax expense 1 367 (43) (97) Net income $656 ($33) ($156) Key Indicators ($ in billions) Average depos its $244.0 $240.0 $239.4 Average loans and leases 133.2 130.3 121.0 Net charge-off ratio 0.05 % 0.05 % 0.02 % Long-term AUM flows $4.4 $8.6 $11.2 Liquidi ty AUM flows (3.2) 6.0 5.9 Pre-tax margin 23 % 24 % 27 % Return on average a l l cated capita l 2 22 23 27 Al located capita l 2 $12.0 $12.0 $12.0 Inc/(Dec) 3Q15 2Q15 3Q14 3Q15 2Q15 3Q14

GWIM Trends 12 Market Share Positioning Average Loans and Leases ($B) Total Client-Facing Professionals (000’s) 3 • #1 wealth management market position across client assets, deposits, loans, revenue and net income before taxes 1 • #1 in personal trust assets under management 2 • #1 in Barron’s U.S. high net worth client assets (2015) • #1 in Barron’s Top 1,200 ranked Financial Advisors and Top 100 Women Advisors (2015) 1,210 1,221 1,218 1,218 1,136 888 903 917 930 877 239 245 244 238 246 126 129 131 136 138 $2,462 $2,498 $2,510 $2,522 $2,396 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 3Q14 4Q14 1Q15 2Q15 3Q15 Other Assets under management Deposits Loans and leases Client Balances (EOP, $B) 5 56 57 58 59 60 38 39 40 42 43 24 25 25 27 28 3 3 3 3 3 $121 $124 $126 $130 $133 $0 $50 $100 $150 3Q14 4Q14 1Q15 2Q15 3Q15 Credit card / Other Structured lending Securities-based lending Consumer real estate ____________________ Note: Amounts may not total due to rounding. 1 Source: Competitor 2Q15 earnings releases. 2 Source: Industry 2Q15 call reports. 3 Includes financial advisors in Consumer Banking of 2,042, 2,049, 1,992, 1,950 and 1,868 at 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. 4 FTE basis. 5 Other includes brokerage assets and assets in custody. Loans and leases include margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet. 2.0 2.1 2.1 2.1 2.1 1.2 1.1 1.1 1.1 1.0 1.5 1.4 1.4 1.4 1.4 $4.7 $4.6 $4.5 $4.6 $4.5 $0 $1 $2 $3 $4 $5 3Q14 4Q14 1Q15 2Q15 3Q15 Asset management fees Brokerage / Other Net interest income Revenue ($B) 19.7 19.8 20.0 20.3 20.5 0 5 10 15 20 25 3Q14 4Q14 1Q15 2Q15 3Q15 Th o u sa n d s Financial advisors Other wealth advisors Other 4

Global Banking 13 ____________________ 1 FTE basis. 2 Global Banking shares with Global Markets in certain deal economics from investment banking and loan origination activities. 3 Represents a non-GAAP financial measure. For important presentation information, see slide 25. 4 Ranking per Dealogic for the third quarter as of October 5, 2015. • [ Bullets to come ] • Net income of $1.3B, down $0.2B from 3Q14 and up modestly from 2Q15; generated ROAAC of 14% 3 • NII declined from 3Q14 as the benefit from loan growth was more than offset by the impact of the firm’s allocation of ALM activities and liquidity costs, as well as loan spread compression – Increased 6% versus 2Q15, driven by loan and deposit growth • Corporation-wide investment banking fees of $1.3B (excluding self- led deals) declined 5% from 3Q14, driven by lower equity issuance, partially offset by higher advisory fees – Ranked #3 globally in IB fees in 3Q15 with 6.8% market share 4 – 2nd highest quarter in advisory fees since merger • Provision for credit losses of $179MM; 3Q15 reserve increase of $125MM associated with strong loan growth vs. $116MM reserve release in 3Q14 • Noninterest expense was relatively flat versus 3Q14, reflecting lower litigation costs offset by investment in commercial and business bankers • Average loans and leases of $310B increased 9% from 3Q14 and 3% versus 2Q15, driven by growth in C&I and commercial real estate • Average deposits of $296B grew 2% from 3Q14, reflecting high liquidity value deposit growth – Growth of $8.2B, or 3%, versus 2Q15 $ in millions Net interest income 1 $2,345 $132 ($105) Noninterest income 2 1,846 (47) (49) Total revenue, net of interest expense 1, 2 4,191 85 (154) Provis ion for credit losses 179 2 243 Noninterest expense 2,020 88 4 Income tax expense 1 715 (31) (157) Net income $1,277 $26 ($244) Key Indicators ($ in billions) Average depos its $296.3 $288.1 $291.9 Average loans and leases 310.0 300.6 283.3 Net charge-off ratio 0.07 % (0.00) % 0.07 % Total corporation IB fees (excl . sel f-led) 2 $1.29 $1.53 $1.35 Global Banking IB fees 2 0.75 0.78 0.73 Bus iness Lending revenue 1.89 1.80 1.90 Global Transaction Services revenu 1.57 1.51 1.66 Return on average a l loca ed capita l 3 14 % 14 % 18 % Al located capita l 3 $35.0 $35.0 $33.5 Efficiency ratio 1, 3 48 % 47 % 46 % Inc/(Dec) 2Q15 3Q143Q15 3Q15 2Q15 3Q14

Global Banking Trends 14 ____________________ Note: Amounts may not total due to rounding. 1 Ranking per Dealogic for the third quarter as of October 5, 2015. 2 Source: Global Finance magazine (2015). 3 Global Banking shares with Global Markets in certain deal economics from investment banking and loan origination activities. 4 FTE basis. 5 Advisory includes fees on debt and equity advisory and mergers and acquisitions. 73% 76% 77% 77% 78% 27% 24% 23% 23% 22% $292 $292 $286 $288 $296 $0 $50 $100 $150 $200 $250 $300 $350 3Q14 4Q14 1Q15 2Q15 3Q15 Noninterest-bearing Interest-bearing 784 883 781 887 748 315 348 345 417 188 316 341 428 276 391 (64) (31) (67) (54) (40) $1,351 $1,541 $1,487 $1,526 $1,287 3Q14 4Q14 1Q15 2Q15 3Q15 Debt Equity Advisory Self-led deals Total Corporation IB Fees ($MM) 3 • #3 in Global IB Fees 1 – Top 3 ranking by volumes in investment-grade corporate debt, leveraged loans, asset-backed securities, syndicated loans, HY corporate debt, mortgage-backed securities & convertible debt • Best Global Transaction Services and Global Loan House (Euromoney ’15) • Best Bank for Cash Management in North America for the 5th consecutive year 2 • Most Innovative Investment Bank from North America (The Banker ’15) • Relationships with 82% of the Global Fortune 500; 97% of the U.S. Fortune 1,000 (2014) 2.5 2.4 2.3 2.2 2.3 0.7 0.8 0.9 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.4 0.4 0.4 0.4 0.3 $4.3 $4.3 $4.3 $4.1 $4.2 $0 $1 $2 $3 $4 $5 3Q14 4Q14 1Q15 2Q15 3Q15 Net interest income IB fees Service charges All other income Revenue ($B) 3 5 Average Deposits ($B) Business Leadership Average Loans and Leases ($B) 139 141 142 147 150 128 130 131 137 143 16 16 16 17 17 $283 $287 $290 $301 $310 $0 $50 $100 $150 $200 $250 $300 $350 3Q14 4Q14 1Q15 2Q15 3Q15 Commercial Corporate Business Banking 4

Global Markets 15 • [ Bullets to come ] ____________________ 1 FTE basis. 2 Represents a non-GAAP financial measure; see note G on slide 23. 3 In addition to sales and trading revenue, Global Markets shares with Global Banking in certain deal economics from investment banking and loan origination activities. 4 Represents a non-GAAP financial measure. For important presentation information, see slide 25. 5 Represents a non-GAAP financial measure; see note H on slide 23. • Net income of $1.0B in 3Q15 and ROAAC of 11% 4 Revenue, excluding net DVA 2, of $3.8B decreased from 3Q14, primarily reflecting lower sales and trading results and to a lesser extent IB fees • Excluding net DVA 2, sales and trading revenue of $3.2B, down 4% from 3Q14 – FICC revenue down $0.2B, or 11%, from 3Q14, due to declines in credit-related businesses, partially offset by improvement in rates products – Equities revenue improved $0.1B, or 12%, from 3Q14, led by strong performance in derivatives, reflecting favorable market conditions • Noninterest expense declined $0.7B versus 3Q14, due primarily to lower litigation costs – Excluding litigation 5, expenses declined 4%, driven by lower revenue-related costs $ in millions Net interest income 1 $1,135 $107 $136 Noninterest income (excl . net DVA) 2, 3 2,623 (514) (334) Total revenue (excl . net DVA) 1, 2, 3 3,758 (407) (198) Net DVA 313 211 108 Total revenue, net of interest expense 1, 3 4,071 (196) (90) Provis ion for credit losses 42 36 (3) Noninterest expense 2,683 (49) (674) Income tax expense 1 338 (199) (50) Net income $1,008 $16 $637 Key Indicators ($ in billions) Average trading-related assets $431.5 $442.5 $446.5 Average loans and leases 66.4 61.9 63.0 Sales and trading revenue 3.5 3.4 3.5 Sales and trading re nu (excl . net DVA) 2 3.2 3.3 3.3 Global Markets IB fees 3 0.5 0.7 0.6 Return on average a l l cated capita l 4 11 % 11 % 4 % Al located capita l 4 $35.0 $35.0 $34.0 Efficiency ratio 1, 4 66 % 64 % 81 % Inc/(Dec) 3Q15 2Q15 3Q14 3Q15 2Q15 3Q14

Global Markets Trends and Revenue Mix 16 2.3 1.5 2.8 2.2 2.0 1.0 0.9 1.2 1.2 1.2 $3.3 $2.4 $3.9 $3.3 $3.2 $0 $1 $2 $3 $4 $5 3Q14 4Q14 1Q15 2Q15 3Q15 FICC Equities $446 $456 $444 $443 $431 $50 $51 $62 $55 $51 $0 $25 $50 $75 $100 $0 $100 $200 $300 $400 $500 3Q14 4Q14 1Q15 2Q15 3Q15 Avg. trading-related assets Avg VaR • #1 Global Research Firm for 4th consecutive year (’14) 1 • #1 All-America Research Team (’15) 1 • #1 U.S. Equities Trading Broker and #1 Global Portfolio Trading (Greenwich ’15) • Best Equity Derivatives House and Americas Derivatives House of the Year (Global Capital) • 2015 Greenwich Quality Leader in Overall U.S. Fixed-Income Sales and Overall U.S. Fixed- Income Trading • #2 U.S. Business Done for Fixed Income & FX 2 ____________________ Note: Amounts may not total due to rounding. 1 Source: Institutional Investor. 2 Source: Orion. Released in July 2015 for the 12 months ended 1Q15. 3 Represents a non-GAAP financial measure; see note G on slide 23. 4 Macro includes G10 FX, rates and commodities products. 5 See note L on slide 23 for definition of VaR. 60% 40% Credit / other Macro 58% 42% U.S. / Canada International Sales & Trading Revenue (excl. net DVA) 3 ($B) Avg. Trading-related Assets ($B) and VaR ($MM) 5 Business Leadership YTD Total FICC S&T Revenue Mix (excl. net DVA) 3 YTD Global Markets Revenue Mix (excl. net DVA) 3 4

Legacy Assets & Servicing 17 • Net loss of $196MM in 3Q15 • Total revenue declined from 2Q15, driven primarily by a representations and warranties benefit which occurred in the prior quarter, less favorable MSR net-of-hedge results and lower servicing fees on a smaller servicing portfolio • LAS expenses, excluding litigation 2, of $0.9B in 3Q15 – Expected to decline to approximately $0.8B in 4Q15 – 60+ days delinquent loans serviced down 14% from 2Q15 to 114K units in 3Q15 – LAS employees 5 declined 10% from 2Q15 ____________________ 1 FTE basis. 2 Represents a non-GAAP financial measure; see note F on slide 23. 3 Serviced by LAS employees. 4 Includes first mortgage and home equity. 5 Includes other FTEs supporting LAS (contractors). $ in millions Net interest income 1 $383 ($34) ($4) Noninterest income 458 (214) 289 Total revenue, net of interest expense 1 841 (248) 285 Provis ion for credit losses 6 (51) (261) Noninterest expense, excluding l i tigation 2 915 13 (430) Li tigation expense 228 169 (5,075) Income tax expense 1 (112) (138) 1,133 Net income (loss ) ($196) ($241) $4,918 Key Indicators ($ in billions) Average loans and leases $29.1 $30.9 $35.2 MSR (EOP) 2.7 3.2 4.0 Capita l i zed MSR (bps) 69 78 81 Loans serviced for investors (EOP) $391 $409 $491 Total LAS mortgage banking income 0.3 0.7 0.2 3Q15 3Q14 Inc/(Dec) 3Q15 2Q15 3Q14 2Q15 221 189 153 132 114 0 50 100 150 200 250 3Q14 4Q14 1Q15 2Q15 3Q15 LAS Employees 5 18.5K 17.1K 15.5K 13.7K 12.3K $471 $461 $430 $392 $345 5,480 5,272 5,120 4,701 4,481 0 2,000 4,000 6,000 8,000 10,000 $0 $200 $400 $600 3Q14 4Q14 1Q15 2Q15 3Q15 Servicing fees Total servicing portfolio Servicing Fees ($MM) and Servicing Portfolio (units in 000’s) 3 60+ Days Delinquent First Mortgage Loans (units in 000’s) 3 4

• Net income of $4MM in 3Q15 • NII declined from 3Q14, driven primarily by negative market- related adjustments due to a decline in interest rates • Noninterest income was $123MM higher vs. 3Q14, driven primarily by larger gains on the sale of consumer real estate loans • Provision benefit of $67MM; reserve release of $140MM in 3Q15 versus a release of $393MM in 3Q14 • Noninterest expense declined $174MM from 3Q14, reflecting improved litigation and lower personnel and infrastructure costs, partially offset by higher professional fees ____________________ 1 All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass residential mortgages, debt 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. Beginning with new originations in 2014, we retain certain residential mortgages in Consumer Banking, consistent with where the overall relationship is managed; previously such mortgages were in All Other. Additionally, certain residential mortgage loans that are managed by LAS are held in All Other. The results of certain ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture as well as Global Principal Investments (GPI) which is comprised of a portfolio of equity, real estate and other alternative investments. 2 FTE basis. 3 In the UK, we previously sold payment protection insurance through our international card services business to credit card and consumer loan customers. 18 All Other 1 $ in millions Net interest income 2 ($502) ($1,291) ($570) Noninterest income 12 35 123 Total revenue, net of interest expense 2 (490) (1,256) (447) Provis ion for credit losses (67) (86) 198 Noninterest expense 80 (336) (174) Income (loss ) before income taxes 2 (503) (834) (471) Income tax expense (benefi t) 2 (507) (201) 34 Net income $4 ($633) ($505) Selected Revenue Items ($ in millions) Equity investment income (loss ) ($46) $11 ($26) Gains on sa les of debt securi ties 385 162 410 U.K. payment protection insurance provis ion 3 (303) (16) (298) Key Indicators ($ in billions) Average loans and leases $137.8 $156.0 $199.4 Book va lue of Global Principal Investments 0.5 0.7 1.0 Total BAC equity investment exposure 10.8 11.3 11.4 Inc/(Dec) 2Q15 3Q14 3Q15 2Q15 3Q14 3Q15 3Q15 2Q15 3Q14

Key Takeaways 19 • Results reflect continued solid performance and good customer activity • In challenging rate environment, net interest income, excluding market-related adjustments, improved from 2Q15 • Managing expenses while continuing to invest in the business • Asset quality remains strong • Record capital and liquidity levels • Focused on responsible growth

Appendix

____________________ 1 Excludes FVO loans. 2 Excludes write-offs of PCI loans of $128MM and $264MM related to residential mortgage and $20MM and $26MM related to home equity for 3Q15 and 2Q15. Net charge-off ratios including the PCI write-offs for residential mortgage were 0.32% and 0.86%, and for home equity were 0.70% and 0.86% for 3Q15 and 2Q15. 3 Loan-to-value (LTV) calculations apply to the residential mortgage portfolio. Combined loan-to-value (CLTV) calculations apply to the home equity portfolio. Consumer Real Estate Asset Quality Key Indicators 21 Loans end of period $187,939 $136,786 $198,825 $136,654 $78,030 $73,165 $81,006 $75,893 Loans average 192,063 136,597 205,543 136,683 79,507 74,551 82,434 77,225 Net charge-offs 2 $26 $26 $177 $177 $120 $120 $151 $151 % of average loans 0.05 % 0.08 % 0.35 % 0.52 % 0.60 % 0.64 % 0.73 % 0.78 % Allowance for loan losses $1,755 $1,358 $1,997 $1,484 $2,645 $2,156 $2,744 $2,155 % of loans 0.93 % 0.99 % 1.00 % 1.09 % 3.39 % 2.95 % 3.39 % 2.84 % Average refreshed (C)LTV 3 63 64 66 68 90%+ refre hed (C)LTV 3 10 % 11 % 19 % 20 % Average refreshed FICO 746 744 748 748 % below 620 FICO 6 % 7 % 7 % 7 % $ in mi l l ions Residential Mortgage 1 Home Equity 1 3Q15 2Q15 3Q15 2Q15 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 25. 2 Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models, which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma RWA and CET1 ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be $1,570B and 9.7% at September 30, 2015. 3 Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the IMM. As of September 30, 2015, BAC had not received IMM approval. $ in millions Regulatory Capital – Basel 3 transition to fully phased-in 3Q15 2Q15 3Q14 Common equity tier 1 capital (transition) $161,649 $158,326 $152,444 Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition (5,554) (5,706) (10,502) Accumulated OCI phased in during transition (1,018) (1,884) (2,399) Intangibles phased in during transition (1,654) (1,751) (2,697) Defined benefit pension fund assets phased in during transition (470) (476) (664) DVA related to liabilities and derivatives phased in during transition 228 384 974 Other adjustments and deductions phased in during transition (92) (587) (2,050) Common equity tier 1 capital (fully phased-in) $153,089 $148,306 $135,106 Tier 1 capital (transition) $178,830 $176,247 $163,040 Transition adjustments (4,199) (5,669) (10,076) Tier 1 capital (fully phased-in) $174,631 $170,578 $152,964 Risk-weighted Assets – As reported to Basel 3 (fully phased-in) 3Q15 2Q15 3Q14 As reported risk-weighted assets $1,391,672 $1,407,891 $1,271,723 Change in risk-weighted assets from reported to fully phased-in 22,989 25,460 146,516 Basel 3 Standardized approach risk-weighted assets (fully phased-in) 1,414,661 1,433,351 1,418,239 Change in risk-weighted assets for advanced models (17,157) (5,963) (8,375) Basel 3 Advanced approaches risk-weighted assets (fully phased-in) 2, 3 $1,397,504 $1,427,388 $1,409,864 Basel 3 Regulatory Capital Ratios 3Q15 2Q15 3Q14 Standardized approach Common equity tier 1 (transition) 11.6 % 11.2 % 12.0 % Standardized approach Common equity tier 1 (fully phased-in) 10.8 10.3 9.5 Advanced approaches Common equity tier 1 (fully phased-in) 2, 3 11.0 10.4 9.6 Bank holding company SLR (transition) 6.5 6.5 6.0 Bank holding company SLR (fully phased-in) 6.4 6.3 5.6 22 Regulatory Capital Reconciliations 1

Notes 23 Non-GAAP Financial Measures For reconciliations to GAAP financial measures, see the accompanying reconciliations in the earnings press release and other earnings-related information. A On a GAAP basis, total revenue, net of interest expense was $20.7B, $22.1B and $21.2B for 3Q15, 2Q15 and 3Q14, respectively. B Net charge-offs exclude write-offs of PCI loans of $148MM, $290MM, $288MM, $13MM and $246MM for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, 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 0.49%, 0.62%, 0.70%, 0.40% and 0.57% for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. C Adjusted net charge-offs exclude DoJ settlement impacts of $53MM, $166MM, $230MM and $151MM in 3Q15, 2Q15, 1Q15 and 4Q14, respectively, and recoveries from NPL sales and other recoveries of $58MM, $27MM, $40MM $314MM and $114MM in 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. D The allowance / annualized net charge-offs and PCI write-offs ratios were 2.95x, 2.40x, 2.28x, 4.08x and 2.95x, and the allowance (excluding valuation allowance for PCI loans) / annualized net charge-offs (excluding PCI loans) ratios were 3.18x, 2.79x, 2.55x, 3.66x and 3.27x, which excludes valuation allowance on PCI loans of $886MM, $1.1B, $1.3B, $1.7B and $1.6B for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. E On a GAAP basis, reported NII was $9.5B, $10.5B, $9.5B, $9.6B and $10.2B for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. Market-related adjustments of premium amortization and hedge ineffectiveness were ($0.6B), $0.7B, ($0.5B), ($0.6B) and ($0.1B) for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. F LAS noninterest expense was $1.1B, $961MM and $6.6B for 3Q15, 2Q15 and 3Q14, respectively. LAS litigation expense was $228MM, $59MM and $5.3B for 3Q15, 2Q15 and 3Q14, respectively. G Net DVA represents the combined total of net DVA on derivatives and structured liabilities. In 4Q14, a funding valuation adjustment (FVA) on uncollateralized derivative transactions was implemented, and a transitional charge of $497MM related to the adoption was recorded. Net DVA gains (losses) were $313MM, $102MM, $19MM, ($626MM) and $205MM for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. Net DVA gains (losses) included in FICC revenue were $278MM, $83MM, $4MM, ($577MM) and $133MM for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. Net DVA gains (losses) included in equities revenue were $35MM, $19MM, $15MM, ($49MM) and $72MM for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively. H Global Markets noninterest expense was $2.7B and $3.4B for 3Q15 and 3Q14. Global Markets litigation expense was $32MM and $601MM for 3Q15 and 3Q14. The majority of the litigation expense recorded in 3Q14 was non-deductible for tax purposes. Definitions I Market-related NII adjustments include retrospective changes to debt security premium or discount amortization resulting from changes in estimated prepayments, due primarily to changes in interest rates, and hedge ineffectiveness. Amortization of premiums and accretion of discounts is included in interest income. When a change is made to the estimated lives of the securities, primarily as a result of changes in interest rates, the related premium or discount is adjusted, with a corresponding charge or benefit to interest income, to the appropriate amount had the current estimated lives been applied since the purchase of the securities. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2014 Annual Report on Form 10-K. J 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. K 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 the BAC parent company’s Global Excess Liquidity Sources without issuing debt or sourcing additional liquidity. We define unsecured contractual obligations for purposes of this metric as maturities of senior or subordinated debt issued or guaranteed by Bank of America Corporation. L 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 $24MM, $23MM, $30MM, $24MM and $26MM for 3Q15, 2Q15, 1Q15, 4Q14 and 3Q14, respectively.

Forward-Looking Statements 24 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.” Forward-looking statements 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 future matters. These statements are not guarantees of future results or performance and involve certain known and unknown 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 2014 Annual Report on Form 10-K, and in any of Bank of America's subsequent Securities and Exchange Commission filings: the Company's ability to resolve representations and warranties repurchase and related claims, including claims brought by investors or trustees seeking to distinguish certain aspects of the ACE Securities Corp. v. DB Structured Products, Inc. (ACE) ruling or to assert other claims seeking to avoid the impact of the ACE ruling; the possibility that the Company could face related servicing, securities, fraud, indemnity, contribution or other claims from one or more counterparties, including trustees, purchasers of loans, underwriters, issuers, other parties involved in securitizations, monolines or private-label and other investors; 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; potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation and regulatory proceedings, including the possibility that amounts may be in excess of the Company’s recorded liability and estimated range of possible losses for litigation exposures; 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; 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; the impact of U.S. and global interest rates, currency exchange rates and economic conditions; the impact on the Company's business, financial condition and results of operations of a potential higher interest rate environment; 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; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements, including the potential adoption of total loss-absorbing capacity requirements; the potential for payment protection insurance exposure to increase as a result of Financial Conduct Authority actions; the possible impact of Federal Reserve actions on the Company’s capital plans; the impact of implementation and compliance with new and evolving U.S. and international regulations, including but not limited to recovery and resolution planning requirements, the Volcker Rule, and derivatives regulations; the impact of recent proposed UK tax law changes, including a reduction to the UK corporate tax rate and the creation of a bank surcharge tax, which together, if enacted, will result in a tax charge upon enactment and higher tax expense going forward, as well as a reduction in the bank levy; a failure in or breach of the Company’s operational or security systems or infrastructure, or those of third parties, including as a result of cyber attacks; 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 the Standardized and Advanced approaches under Basel 3 and supplementary leverage ratio final rules. Under the Basel 3 Advanced approaches, risk-weighted assets are determined primarily for market risk and credit risk, similar to the Standardized approach, but also incorporate operational risk and a credit valuation adjustment component. Market risk capital measurements are consistent with the Standardized approach, except for securitization exposures, where the Supervisory Formula Approach is also permitted. Credit risk exposures are measured using internal ratings-based models to determine the applicable risk weight by estimating the probability of default, loss given default and, in certain instances, exposure at default. The internal analytical models primarily rely on internal historical default and loss experience. The calculations under Basel 3 require management to make estimates, assumptions and interpretations, including the probability of future events based on historical experience. Actual results could differ from those estimates and assumptions. Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models, which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma RWA and CET1 ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be $1,570B and 9.7% at September 30, 2015. These Basel 3 Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology (IMM). As of September 30, 2015, BAC had not received IMM approval. Our estimates under the Basel 3 Advanced approaches may be refined over time as a result of further rulemaking or clarification by U.S. banking regulators. • 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 September 30, 2015 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, risk-weighted assets measured under Basel 3 Standardized and Advanced approaches, business segment exposures and risk profile and strategic plans. As a result of this process, in the first quarter 2015, the Company adjusted the amount of capital being allocated to its business segments, primarily LAS. Important Presentation Information 25

EX-99.3

Supplemental Information

Third Quarter 2015

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	18
Consumer Banking
Total Segment Results	19
Business Results	20
Key Indicators	23
Global Wealth & Investment Management
Total Segment Results	25
Key Indicators	26
Global Banking
Total Segment Results	27
Key Indicators	28
Investment Banking Product Rankings	29
Global Markets
Total Segment Results	30
Key Indicators	31
Legacy Assets & Servicing
Total Segment Results	32
Key Indicators	33
All Other
Total Results	34
Outstanding Loans and Leases	35
Quarterly Average Loans and Leases by Business Segment	36
Commercial Credit Exposure by Industry	37
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating	38
Top 20 Non-U.S. Countries Exposure	39
Nonperforming Loans, Leases and Foreclosed Properties	40
Nonperforming Loans, Leases and Foreclosed Properties Activity	41
Quarterly Net Charge-offs and Net Charge-off Ratios	42
Year-to-Date Net Charge-offs and Net Charge-off Ratios	43
Allocation of the Allowance for Credit Losses by Product Type	44
Exhibit A: Non-GAAP Reconciliations	45

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Income statement
Net interest income	$	29,450		$	30,317		$	9,511		$	10,488		$	9,451		$	9,635		$	10,219
Noninterest income	34,551			35,205			11,171			11,629			11,751			9,090			10,990
Total revenue, net of interest expense	64,001			65,522			20,682			22,117			21,202			18,725			21,209
Provision for credit losses	2,351			2,056			806			780			765			219			636
Noninterest expense	43,320			60,921			13,807			13,818			15,695			14,196			20,142
Income tax expense	5,145			762			1,561			2,199			1,385			1,260			663
Net income (loss)	13,185			1,783			4,508			5,320			3,357			3,050			(232		)
Preferred stock dividends	1,153			732			441			330			382			312			238
Net income (loss) applicable to common shareholders	12,032			1,051			4,067			4,990			2,975			2,738			(470		)
Diluted earnings (loss) per common share (1)	1.09			0.10			0.37			0.45			0.27			0.25			(0.04		)
Average diluted common shares issued and outstanding (1)	11,234,125			10,587,841			11,197,203			11,238,060			11,266,511			11,273,773			10,515,790
Dividends paid per common share	$	0.15		$	0.07		$	0.05		$	0.05		$	0.05		$	0.05		$	0.05
Performance ratios
Return on average assets	0.82		%	0.11		%	0.82		%	0.99		%	0.64		%	0.57		%	n/m
Return on average common shareholders' equity	7.04			0.63			6.97			8.75			5.35			4.84			n/m
Return on average tangible common shareholders' equity (2)	10.29			0.94			10.11			12.78			7.88			7.15			n/m
Return on average tangible shareholders' equity (2)	9.90			1.45			9.84			11.93			7.85			7.08			n/m
At period end
Book value per share of common stock	$	22.41		$	20.99		$	22.41		$	21.91		$	21.66		$	21.32		$	20.99
Tangible book value per share of common stock (2)	15.50			14.09			15.50			15.02			14.79			14.43			14.09
Market price per share of common stock:
Closing price	$	15.58		$	17.05		$	15.58		$	17.02		$	15.39		$	17.89		$	17.05
High closing price for the period	18.45			17.92			18.45			17.67			17.90			18.13			17.18
Low closing price for the period	15.15			14.51			15.26			15.41			15.15			15.76			14.98
Market capitalization	162,457			179,296			162,457			178,231			161,909			188,141			179,296
Number of financial centers - U.S.	4,741			4,947			4,741			4,789			4,835			4,855			4,947
Number of branded ATMs - U.S.	16,062			15,671			16,062			15,992			15,903			15,834			15,671
Full-time equivalent employees	215,193			229,538			215,193			216,679			219,658			223,715			229,538

⁽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 third quarter of 2014 because of the net loss applicable to common shareholders.

⁽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 45-48.)

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)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income	$	30,128		$	30,956		$	9,742		$	10,716		$	9,670		$	9,865		$	10,444
Total revenue, net of interest expense	64,679			66,161			20,913			22,345			21,421			18,955			21,434
Net interest yield	2.21		%	2.27		%	2.10		%	2.37		%	2.17		%	2.18		%	2.29		%
Efficiency ratio	66.98			92.08			66.03			61.84			73.27			74.90			93.97

⁽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 45-48.)

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)
	Nine Months Ended September 30				Third Quarter 2015			Second Quarter 2015		First Quarter 2015		Fourth Quarter 2014			Third Quarter 2014
	2015		2014
Interest income
Loans and leases	$	24,019	$	25,930	$	8,005		$	7,978	$	8,036	$	8,377		$	8,535
Debt securities	6,796		6,346		1,839			3,070		1,887		1,675			2,225
Federal funds sold and securities borrowed or purchased under agreements to resell	774		801		275			268		231		238			239
Trading account assets	3,291		3,463		1,134			1,074		1,083		1,098			1,111
Other interest income	2,222		2,194		754			742		726		764			748
Total interest income	37,102		38,734		12,007			13,132		11,963		12,152			12,858
Interest expense
Deposits	650		843		214			216		220		237			270
Short-term borrowings	1,868		1,963		597			686		585		615			591
Trading account liabilities	1,071		1,225		342			335		394		351			392
Long-term debt	4,063		4,386		1,343			1,407		1,313		1,314			1,386
Total interest expense	7,652		8,417		2,496			2,644		2,512		2,517			2,639
Net interest income	29,450		30,317		9,511			10,488		9,451		9,635			10,219
Noninterest income
Card income	4,381		4,334		1,510			1,477		1,394		1,610			1,500
Service charges	5,519		5,599		1,898			1,857		1,764		1,844			1,907
Investment and brokerage services	10,101		9,887		3,336			3,387		3,378		3,397			3,327
Investment banking income	4,300		4,524		1,287			1,526		1,487		1,541			1,351
Equity investment income (loss)	84		1,150		(31		)	88		27		(20		)	9
Trading account profits	5,510		6,198		1,616			1,647		2,247		111			1,899
Mortgage banking income	2,102		1,211		407			1,001		694		352			272
Gains on sales of debt securities	821		1,191		385			168		268		163			432
Other income	1,733		1,111		763			478		492		92			293
Total noninterest income	34,551		35,205		11,171			11,629		11,751		9,090			10,990
Total revenue, net of interest expense	64,001		65,522		20,682			22,117		21,202		18,725			21,209
Provision for credit losses	2,351		2,056		806			780		765		219			636
Noninterest expense
Personnel	25,333		26,094		7,829			7,890		9,614		7,693			8,039
Occupancy	3,082		3,264		1,028			1,027		1,027		996			1,070
Equipment	1,511		1,594		499			500		512		531			514
Marketing	1,330		1,338		445			445		440		491			446
Professional fees	1,588		1,795		673			494		421		677			611
Amortization of intangibles	632		708		207			212		213		228			234
Data processing	2,298		2,348		731			715		852		796			754
Telecommunications	583		1,005		210			202		171		254			311
Other general operating	6,963		22,775		2,185			2,333		2,445		2,530			8,163
Total noninterest expense	43,320		60,921		13,807			13,818		15,695		14,196			20,142
Income before income taxes	18,330		2,545		6,069			7,519		4,742		4,310			431
Income tax expense	5,145		762		1,561			2,199		1,385		1,260			663
Net income (loss)	$	13,185	$	1,783	$	4,508		$	5,320	$	3,357	$	3,050		$	(232	)
Preferred stock dividends	1,153		732		441			330		382		312			238
Net income (loss) applicable to common shareholders	$	12,032	$	1,051	$	4,067		$	4,990	$	2,975	$	2,738		$	(470	)
Per common share information
Earnings (loss)	$	1.15	$	0.10	$	0.39		$	0.48	$	0.28	$	0.26		$	(0.04	)
Diluted earnings (loss) (1)	1.09		0.10		0.37			0.45		0.27		0.25			(0.04		)
Dividends paid	0.15		0.07		0.05			0.05		0.05		0.05			0.05
Average common shares issued and outstanding	10,483,466		10,531,688		10,444,291			10,488,137		10,518,790		10,516,334			10,515,790
Average diluted common shares issued and outstanding (1)	11,234,125		10,587,841		11,197,203			11,238,060		11,266,511		11,273,773			10,515,790

⁽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 third quarter of 2014 because of the net loss applicable to common shareholders.

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)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net income (loss)	$	13,185		$	1,783		$	4,508		$	5,320		$	3,357		$	3,050		$	(232	)
Other comprehensive income (loss), net-of-tax:
Net change in available-for-sale debt and marketable equity securities	217			2,600			1,418			(2,537		)	1,336			2,021			(994		)
Net change in derivatives	416			411			127			246			43			205			196
Employee benefit plan adjustments	77			64			27			25			25			(1,007		)	8
Net change in foreign currency translation adjustments	(84		)	(133		)	(76		)	43			(51		)	(24		)	(14		)
Other comprehensive income (loss)	626			2,942			1,496			(2,223		)	1,353			1,195			(804		)
Comprehensive income (loss)	$	13,811		$	4,725		$	6,004		$	3,097		$	4,710		$	4,245		$	(1,036	)

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)
	September 30 2015			June 30 2015			September 30 2014
Assets
Cash and due from banks	$	27,886		$	29,974		$	28,332
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	142,540			133,540			100,327
Cash and cash equivalents	170,426			163,514			128,659
Time deposits placed and other short-term investments	6,485			7,996			7,859
Federal funds sold and securities borrowed or purchased under agreements to resell	206,681			199,903			223,310
Trading account assets	180,018			189,106			188,489
Derivative assets	55,226			50,977			49,092
Debt securities:
Carried at fair value	325,078			332,307			307,949
Held-to-maturity, at cost	66,573			60,072			60,175
Total debt securities	391,651			392,379			368,124
Loans and leases	887,689			886,449			891,315
Allowance for loan and lease losses	(12,657		)	(13,068		)	(15,106		)
Loans and leases, net of allowance	875,032			873,381			876,209
Premises and equipment, net	9,554			9,700			9,987
Mortgage servicing rights	3,043			3,521			4,243
Goodwill	69,761			69,775			69,784
Intangible assets	3,973			4,188			4,849
Loans held-for-sale	8,842			6,914			7,909
Customer and other receivables	63,443			64,505			67,092
Other assets	108,871			113,175			118,007
Total assets	$	2,153,006		$	2,149,034		$	2,123,613
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	5,514		$	4,863		$	7,533
Loans and leases	79,121			85,467			96,565
Allowance for loan and lease losses	(1,595		)	(1,711		)	(2,002		)
Loans and leases, net of allowance	77,526			83,756			94,563
Loans held-for-sale	338			413			555
All other assets	2,424			3,681			2,746
Total assets of consolidated variable interest entities	$	85,802		$	92,713		$	105,397

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)
	September 30 2015			June 30 2015			September 30 2014
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	417,837		$	411,862		$	386,575
Interest-bearing	676,812			668,447			654,726
Deposits in non-U.S. offices:
Noninterest-bearing	8,519			8,294			7,339
Interest-bearing	58,841			60,957			63,341
Total deposits	1,162,009			1,149,560			1,111,981
Federal funds purchased and securities loaned or sold under agreements to repurchase	199,238			213,024			217,925
Trading account liabilities	74,252			72,596			76,867
Derivative liabilities	45,862			43,583			44,237
Short-term borrowings	34,518			39,903			33,275
Accrued expenses and other liabilities (includes $661, $588 and $529 of reserve for unfunded lending commitments)	143,934			135,295			150,532
Long-term debt	237,288			243,414			250,115
Total liabilities	1,897,101			1,897,375			1,884,932
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,767,790, 3,767,790 and 3,591,790shares	22,273			22,273			17,913
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,427,305,035, 10,471,836,636 and 10,515,893,904 shares	151,841			152,638			153,472
Retained earnings	85,485			81,938			72,811
Accumulated other comprehensive income (loss)	(3,694		)	(5,190		)	(5,515		)
Total shareholders' equity	255,905			251,659			238,681
Total liabilities and shareholders' equity	$	2,153,006		$	2,149,034		$	2,123,613
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	567		$	358		$	985
Long-term debt	12,922			14,471			15,904
All other liabilities	103			109			137
Total liabilities of consolidated variable interest entities	$	13,592		$	14,938		$	17,026

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 Standardized Transition
	September 30 2015			June 30 2015			March 31 2015			December 31 2014			September 30 2014
Risk-based capital metrics (1, 2):
Common equity tier 1 capital	$	161,649		$	158,326		$	155,438		$	155,361		$	152,444
Tier 1 capital	178,830			176,247			173,155			168,973			163,040
Total capital	219,901			217,538			214,481			208,670			200,759
Risk-weighted assets	1,391,672			1,407,891			1,405,267			1,261,544			1,271,723
Common equity tier 1 capital ratio	11.6		%	11.2		%	11.1		%	12.3		%	12.0		%
Tier 1 capital ratio	12.9			12.5			12.3			13.4			12.8
Total capital ratio	15.8			15.5			15.3			16.5			15.8
Tier 1 leverage ratio	8.5			8.5			8.4			8.2			7.9
Tangible equity ratio (3)	8.8			8.6			8.6			8.4			8.1
Tangible common equity ratio (3)	7.8			7.6			7.5			7.5			7.2

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽²⁾  Common equity tier 1 capital ratios at September 30, 2015, June 30, 2015 and March 31, 2015 reflect the migration of the risk-weighted assets calculation from the general risk-based approach to the Basel 3 Standardized approach, and Common equity tier 1 capital includes the 2015 phase-in of regulatory capital transition provisions.

⁽³⁾  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 45-48.)

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, 3)
(Dollars in millions)
	September 30 2015			June 30 2015			March 31 2015			December 31 2014			September 30 2014
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition) (4)	$	161,649		$	158,326		$	155,438		$	155,361		$	152,444
Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition	(5,554		)	(5,706		)	(6,031		)	(8,905		)	(10,502		)
Accumulated OCI phased in during transition	(1,018		)	(1,884		)	(378		)	(1,592		)	(2,399		)
Intangibles phased in during transition	(1,654		)	(1,751		)	(1,821		)	(2,556		)	(2,697		)
Defined benefit pension fund assets phased in during transition	(470		)	(476		)	(459		)	(599		)	(664		)
DVA related to liabilities and derivatives phased in during transition	228			384			498			925			974
Other adjustments and deductions phased in during transition	(92		)	(587		)	(48		)	(1,417		)	(2,050		)
Common equity tier 1 capital (fully phased-in)	$	153,089		$	148,306		$	147,199		$	141,217		$	135,106
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
As reported risk-weighted assets (4)	$	1,391,672		$	1,407,891		$	1,405,267		$	1,261,544		$	1,271,723
Change in risk-weighted assets from reported to fully phased-in	22,989			25,460			25,394			153,722			146,516
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	1,414,661			1,433,351			1,430,661			1,415,266			1,418,239
Change in risk-weighted assets for advanced models	(17,157		)	(5,963		)	30,529			50,213			(8,375		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in)	$	1,397,504		$	1,427,388		$	1,461,190		$	1,465,479		$	1,409,864
Regulatory capital ratios
Basel 3 Standardized approach Common equity tier 1 (transition) (4)	11.6		%	11.2		%	11.1		%	12.3		%	12.0		%
Basel 3 Standardized approach Common equity tier 1 (fully phased-in)	10.8			10.3			10.3			10.0			9.5
Basel 3 Advanced approaches Common equity tier 1 (fully phased-in)	11.0			10.4			10.1			9.6			9.6

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽²⁾  Bank of America received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015. As previously disclosed, with the approval to exit parallel, U.S. banking regulators requested modifications to certain internal analytical models including the wholesale (e.g., commercial) credit models, which will increase our risk-weighted assets in the fourth quarter of 2015. Including these modifications, the estimated pro-forma risk-weighted assets and Common equity tier 1 capital ratio under the Basel 3 Advanced approaches on a fully phased-in basis would be $1,570 billion and 9.7 percent at September 30, 2015.

⁽³⁾  Fully phased-in estimates are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above. Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology. As of September 30, 2015, we had not received internal models methodology approval.

⁽⁴⁾  Common equity tier 1 capital ratios at September 30,2015, June 30, 2015 and March 31, 2015 reflect the migration of the risk-weighted assets calculation from the general risk-based approach to the Basel 3 Standardized approach, and Common equity tier 1 capital includes the 2015 phase-in of regulatory capital transition provisions.

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)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)
As reported	$	30,128		$	30,956		$	9,742		$	10,716		$	9,670		$	9,865		$	10,444
Impact of trading-related net interest income	(2,870		)	(2,672		)	(1,034		)	(920		)	(916		)	(938		)	(906		)
Net interest income excluding trading-related net interest income (1)	$	27,258		$	28,284		$	8,708		$	9,796		$	8,754		$	8,927		$	9,538
Average earning assets
As reported	$	1,822,720		$	1,819,247		$	1,847,396		$	1,815,892		$	1,804,399		$	1,802,121		$	1,813,482
Impact of trading-related earning assets	(419,711		)	(449,249		)	(421,639		)	(419,241		)	(418,214		)	(435,408		)	(441,661		)
Average earning assets excluding trading-related earning assets (1)	$	1,403,009		$	1,369,998		$	1,425,757		$	1,396,651		$	1,386,185		$	1,366,713		$	1,371,821
Net interest yield contribution (FTE basis) (2)
As reported	2.21		%	2.27		%	2.10		%	2.37		%	2.17		%	2.18		%	2.29		%
Impact of trading-related activities	0.39			0.48			0.33			0.44			0.39			0.42			0.48
Net interest yield on earning assets excluding trading-related activities (1)	2.60		%	2.75		%	2.43		%	2.81		%	2.56		%	2.60		%	2.77		%

⁽¹⁾  Represents a non-GAAP financial measure.

⁽²⁾  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)
	Third Quarter 2015						Second Quarter 2015						Third Quarter 2014
	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, non-U.S. central banks and other banks	$	145,174	$	96	0.26	%	$	125,762	$	81	0.26	%	$	110,876	$	77	0.28	%
Time deposits placed and other short-term investments	11,503		38		1.33		8,183		34		1.64		10,457		41		1.54
Federal funds sold and securities borrowed or purchased under agreements to resell	210,127		275		0.52		214,326		268		0.50		223,978		239		0.42
Trading account assets	140,484		1,170		3.31		137,137		1,114		3.25		143,282		1,147		3.18
Debt securities (1)	394,420		1,853		1.88		386,357		3,082		3.21		359,653		2,236		2.48
Loans and leases (2):
Residential mortgage	193,791		1,690		3.49		207,356		1,782		3.44		235,272		2,083		3.54
Home equity	79,715		730		3.64		82,640		769		3.73		88,590		836		3.76
U.S. credit card	88,201		2,033		9.15		87,460		1,980		9.08		88,866		2,093		9.34
Non-U.S. credit card	10,244		267		10.34		10,012		264		10.56		11,784		304		10.25
Direct/Indirect consumer	85,975		515		2.38		83,698		504		2.42		82,669		523		2.51
Other consumer	1,980		15		3.01		1,885		15		3.14		2,110		19		3.44
Total consumer	459,906		5,250		4.54		473,051		5,314		4.50		509,291		5,858		4.58
U.S. commercial	251,908		1,743		2.75		244,540		1,705		2.80		230,891		1,660		2.86
Commercial real estate	53,605		384		2.84		50,478		382		3.03		46,069		347		2.98
Commercial lease financing	25,425		199		3.12		24,723		180		2.92		24,325		212		3.48
Non-U.S. commercial	91,997		514		2.22		88,623		479		2.17		88,665		555		2.48
Total commercial	422,935		2,840		2.67		408,364		2,746		2.70		389,950		2,774		2.83
Total loans and leases	882,841		8,090		3.64		881,415		8,060		3.67		899,241		8,632		3.82
Other earning assets	62,847		716		4.52		62,712		721		4.60		65,995		710		4.27
Total earning assets (3)	1,847,396		12,238		2.64		1,815,892		13,360		2.95		1,813,482		13,082		2.87
Cash and due from banks	27,730						30,751						25,120
Other assets, less allowance for loan and lease losses	293,867						305,323						297,507
Total assets	$	2,168,993					$	2,151,966					$	2,136,109

⁽¹⁾  Yields on debt securities excluding the impact of market-related adjustments were 2.50, 2.48 and 2.55 percent for the three months ended September 30, 2015, June 30, 2015 and September 30, 2014. Yields on debt securities excluding the impact of market-related adjustments are a non-GAAP financial measure. The Corporation believes the use of this non-GAAP financial measure provides additional clarity in assessing its results. 

⁽²⁾  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.

⁽³⁾  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:

	Third Quarter 2015				Second Quarter 2015				Third Quarter 2014
Federal funds sold and securities borrowed or purchased under agreements to resell		$	20			$	13			$	10
Debt securities		(11		)		(3		)		(27		)
U.S. commercial loans and leases		(17		)		(18		)		(13		)
Net hedge expense on assets		$	(8	)		$	(8	)		$	(30	)

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)
	Third Quarter 2015						Second Quarter 2015						Third Quarter 2014
	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	$	46,297	$	2	0.02	%	$	47,381	$	2	0.02	%	$	46,803	$	1	0.01	%
NOW and money market deposit accounts	545,741		67		0.05		536,201		71		0.05		517,043		78		0.06
Consumer CDs and IRAs	53,174		38		0.29		55,832		42		0.30		65,579		59		0.35
Negotiable CDs, public funds and other deposits	30,631		26		0.33		29,904		22		0.30		31,806		27		0.34
Total U.S. interest-bearing deposits	675,843		133		0.08		669,318		137		0.08		661,231		165		0.10
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,196		7		0.71		5,162		9		0.67		8,022		21		1.05
Governments and official institutions	1,654		1		0.33		1,239		1		0.38		1,706		1		0.14
Time, savings and other	53,793		73		0.53		55,030		69		0.51		61,331		83		0.54
Total non-U.S. interest-bearing deposits	59,643		81		0.54		61,431		79		0.52		71,059		105		0.59
Total interest-bearing deposits	735,486		214		0.12		730,749		216		0.12		732,290		270		0.15
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	257,323		597		0.92		252,088		686		1.09		255,111		590		0.92
Trading account liabilities	77,443		342		1.75		77,772		335		1.73		84,989		392		1.83
Long-term debt	240,520		1,343		2.22		242,230		1,407		2.33		251,772		1,386		2.19
Total interest-bearing liabilities (1)	1,310,772		2,496		0.76		1,302,839		2,644		0.81		1,324,162		2,638		0.79
Noninterest-bearing sources:
Noninterest-bearing deposits	423,745						416,040						395,198
Other liabilities	180,583						182,033						178,709
Shareholders' equity	253,893						251,054						238,040
Total liabilities and shareholders' equity	$	2,168,993					$	2,151,966					$	2,136,109
Net interest spread					1.88	%					2.14	%					2.08	%
Impact of noninterest-bearing sources					0.22						0.23						0.21
Net interest income/yield on earning assets			$	9,742	2.10	%			$	10,716	2.37	%			$	10,444	2.29	%

⁽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:

	Third Quarter 2015				Second Quarter 2015				Third Quarter 2014
NOW and money market deposit accounts		$	—			$	(1	)		$	—
Consumer CDs and IRAs		5				6				6
Negotiable CDs, public funds and other deposits		3				4				3
Banks located in non-U.S. countries		2				1				9
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		232				247				260
Long-term debt		(832		)		(766		)		(880		)
Net hedge income on liabilities		$	(590	)		$	(509	)		$	(602	)

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)
	Nine Months Ended September 30
	2015						2014
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	132,445	$	261	0.26	%	$	115,670	$	234	0.27	%
Time deposits placed and other short-term investments	9,366		105		1.50		11,602		129		1.49
Federal funds sold and securities borrowed or purchased under agreements to resell	212,781		774		0.49		224,001		801		0.48
Trading account assets	138,861		3,406		3.28		146,205		3,575		3.27
Debt securities (1)	388,007		6,833		2.36		345,194		6,375		2.45
Loans and leases (2):
Residential mortgage	205,315		5,323		3.46		242,034		6,516		3.59
Home equity	82,404		2,269		3.68		90,676		2,531		3.73
U.S. credit card	88,117		6,040		9.17		88,820		6,227		9.37
Non-U.S. credit card	10,087		793		10.51		11,700		920		10.51
Direct/Indirect consumer	83,481		1,510		2.42		82,170		1,577		2.57
Other consumer	1,904		45		3.14		2,029		54		3.56
Total consumer	471,308		15,980		4.53		517,429		17,825		4.60
U.S. commercial	243,848		5,093		2.79		229,822		4,982		2.90
Commercial real estate	50,792		1,113		2.93		47,703		1,072		3.00
Commercial lease financing	24,884		595		3.19		24,485		639		3.48
Non-U.S. commercial	88,089		1,478		2.24		90,921		1,669		2.45
Total commercial	407,613		8,279		2.71		392,931		8,362		2.84
Total loans and leases	878,921		24,259		3.69		910,360		26,187		3.84
Other earning assets	62,339		2,142		4.59		66,215		2,071		4.18
Total earning assets (3)	1,822,720		37,780		2.77		1,819,247		39,372		2.89
Cash and due from banks	28,726						26,907
Other assets, less allowance for loan and lease losses	301,843						302,144
Total assets	$	2,153,289					$	2,148,298

⁽¹⁾  Yields on debt securities excluding the impact of market-related adjustments were 2.49 and 2.67 percent for the nine months ended September 30, 2015 and 2014. Yields on debt securities excluding the impact of market-related adjustments are a non-GAAP financial measure. The Corporation believes the use of this non-GAAP financial measure provides additional clarity in assessing its results. 

⁽²⁾  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.

⁽³⁾  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:

	2015				2014
Federal funds sold and securities borrowed or purchased under agreements to resell		$	45			$	37
Debt securities		(22		)		(42		)
U.S. commercial loans and leases		(50		)		(43		)
Net hedge expense on assets		$	(27	)		$	(48	)

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)
	Nine Months Ended September 30
	2015						2014
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	46,634	$	6	0.02	%	$	46,489	$	2	0.01	%
NOW and money market deposit accounts	537,974		205		0.05		519,870		240		0.06
Consumer CDs and IRAs	55,883		125		0.30		68,455		212		0.41
Negotiable CDs, public funds and other deposits	29,784		70		0.32		31,693		85		0.36
Total U.S. interest-bearing deposits	670,275		406		0.08		666,507		539		0.11
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,633		24		0.70		9,866		52		0.70
Governments and official institutions	1,426		3		0.31		1,772		2		0.13
Time, savings and other	54,364		217		0.53		61,974		250		0.54
Total non-U.S. interest-bearing deposits	60,423		244		0.54		73,612		304		0.55
Total interest-bearing deposits	730,698		650		0.12		740,119		843		0.15
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	251,231		1,868		0.99		259,786		1,963		1.01
Trading account liabilities	77,996		1,071		1.84		90,177		1,225		1.82
Long-term debt	240,960		4,063		2.25		255,084		4,385		2.30
Total interest-bearing liabilities (1)	1,300,885		7,652		0.79		1,345,166		8,416		0.84
Noninterest-bearing sources:
Noninterest-bearing deposits	414,988						384,658
Other liabilities	187,156						181,668
Shareholders' equity	250,260						236,806
Total liabilities and shareholders' equity	$	2,153,289					$	2,148,298
Net interest spread					1.98	%					2.05	%
Impact of noninterest-bearing sources					0.23						0.22
Net interest income/yield on earning assets			$	30,128	2.21	%			$	30,956	2.27	%

⁽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:

	2015				2014
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		17				38
Negotiable CDs, public funds and other deposits		10				10
Banks located in non-U.S. countries		4				18
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		728				780
Long-term debt		(2,439		)		(2,660		)
Net hedge income on liabilities		$	(1,681	)		$	(1,815	)

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)
	September 30, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	207,057	$	1,854	$	(592	)	$	208,319
Agency-collateralized mortgage obligations	11,836		263		(24		)	12,075
Non-agency residential	3,383		255		(56		)	3,582
Commercial	5,422		115		(7		)	5,530
Total mortgage-backed securities	227,698		2,487		(679		)	229,506
U.S. Treasury and agency securities	39,422		711		(2		)	40,131
Non-U.S. securities	6,356		26		(7		)	6,375
Corporate/Agency bonds	231		4		(1		)	234
Other taxable securities, substantially all asset-backed securities	9,769		18		(37		)	9,750
Total taxable securities	283,476		3,246		(726		)	285,996
Tax-exempt securities	11,685		31		(26		)	11,690
Total available-for-sale debt securities	295,161		3,277		(752		)	297,686
Other debt securities carried at fair value	27,457		161		(226		)	27,392
Total debt securities carried at fair value	322,618		3,438		(978		)	325,078
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	66,573		495		(588		)	66,480
Total debt securities	$	389,191	$	3,933	$	(1,566	)	$	391,558
Available-for-sale marketable equity securities (1)	$	331	$	24	$	—		$	355
	June 30, 2015
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	189,228	$	931	$	(1,899	)	$	188,260
Agency-collateralized mortgage obligations	12,749		224		(42		)	12,931
Non-agency residential	3,649		299		(62		)	3,886
Commercial	5,087		54		(31		)	5,110
Total mortgage-backed securities	210,713		1,508		(2,034		)	210,187
U.S. Treasury and agency securities	57,699		661		(16		)	58,344
Non-U.S. securities	6,124		25		(4		)	6,145
Corporate/Agency bonds	252		6		(1		)	257
Other taxable securities, substantially all asset-backed securities	10,389		35		(21		)	10,403
Total taxable securities	285,177		2,235		(2,076		)	285,336
Tax-exempt securities	10,811		15		(25		)	10,801
Total available-for-sale debt securities	295,988		2,250		(2,101		)	296,137
Other debt securities carried at fair value	36,452		164		(446		)	36,170
Total debt securities carried at fair value	332,440		2,414		(2,547		)	332,307
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	60,072		160		(1,069		)	59,163
Total debt securities	$	392,512	$	2,574	$	(3,616	)	$	391,470
Available-for-sale marketable equity securities (1)	$	336	$	104	$	—		$	440

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

Other Debt Securities Carried at Fair Value
(Dollars in millions)	September 30 2015		June 30 2015
Mortgage-backed securities:
Agency	$	7,944	$	14,885
Agency-collateralized mortgage obligations	7		9
Non-agency residential	3,635		3,787
Total mortgage-backed securities	11,586		18,681
Non-U.S. securities (1)	15,529		17,198
Other taxable securities, substantially all asset-backed securities	277		291
Total	$	27,392	$	36,170

⁽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)
	Third Quarter 2015
	Total Corporation			Consumer Banking			GWIM			Global Banking		Global Markets		Legacy Assets & Servicing			All Other
Net interest income (FTE basis)	$	9,742		$	5,005		$	1,376		$	2,345	$	1,135	$	383		$	(502	)
Card income	1,510			1,248			44			132		18		—			68
Service charges	1,898			1,057			18			746		73		—			4
Investment and brokerage services	3,336			70			2,682			11		574		—			(1		)
Investment banking income (loss)	1,287			(1		)	55			752		521		—			(40		)
Equity investment income (loss)	(31		)	8			(3		)	1		9		—			(46		)
Trading account profits (losses)	1,616			—			43			100		1,462		(1		)	12
Mortgage banking income (loss)	407			207			1			—		—		266			(67		)
Gains (losses) on sales of debt securities	385			1			—			—		—		(1		)	385
Other income (loss)	763			237			252			104		279		194			(303		)
Total noninterest income	11,171			2,827			3,092			1,846		2,936		458			12
Total revenue, net of interest expense (FTE basis)	20,913			7,832			4,468			4,191		4,071		841			(490		)
Provision for credit losses	806			648			(2		)	179		42		6			(67		)
Noninterest expense	13,807			4,434			3,447			2,020		2,683		1,143			80
Income (loss) before income taxes (FTE basis)	6,300			2,750			1,023			1,992		1,346		(308		)	(503		)
Income tax expense (benefit) (FTE basis)	1,792			991			367			715		338		(112		)	(507		)
Net income (loss)	$	4,508		$	1,759		$	656		$	1,277	$	1,008	$	(196	)	$	4
Average
Total loans and leases	$	882,841		$	206,337		$	133,168		$	310,043	$	66,392	$	29,074		$	137,827
Total assets (1)	2,168,993			612,348			274,192			370,246		597,103		50,719			264,385
Total deposits	1,159,231			548,895			243,980			296,321		37,050		n/m			22,605
Period end
Total loans and leases	$	887,689		$	208,981		$	134,630		$	315,224	$	70,159	$	27,982		$	130,713
Total assets (1)	2,153,006			615,152			279,155			372,363		579,776		49,080			257,480
Total deposits	1,162,009			551,539			246,172			297,644		36,019		n/m			21,771
	Second Quarter 2015
	Total Corporation			Consumer Banking			GWIM			Global Banking		Global Markets		Legacy Assets & Servicing			All Other
Net interest income (FTE basis)	$	10,716		$	4,910		$	1,359		$	2,213	$	1,028	$	417		$	789
Card income	1,477			1,206			41			128		36		—			66
Service charges	1,857			1,033			19			728		73		—			4
Investment and brokerage services	3,387			68			2,749			14		556		—			—
Investment banking income (loss)	1,526			—			84			777		718		—			(53		)
Equity investment income	88			—			3			3		71		—			11
Trading account profits (losses)	1,647			—			53			20		1,693		—			(119		)
Mortgage banking income	1,001			256			2			—		—		682			61
Gains (losses) on sales of debt securities	168			—			(1		)	—		7		—			162
Other income (loss)	478			71			264			223		85		(10		)	(155		)
Total noninterest income	11,629			2,634			3,214			1,893		3,239		672			(23		)
Total revenue, net of interest expense (FTE basis)	22,345			7,544			4,573			4,106		4,267		1,089			766
Provision for credit losses	780			506			15			177		6		57			19
Noninterest expense	13,818			4,318			3,459			1,932		2,732		961			416
Income before income taxes (FTE basis)	7,747			2,720			1,099			1,997		1,529		71			331
Income tax expense (benefit) (FTE basis)	2,427			1,014			410			746		537		26			(306		)
Net income	$	5,320		$	1,706		$	689		$	1,251	$	992	$	45		$	637
Average
Total loans and leases	$	881,415		$	201,703		$	130,270		$	300,631	$	61,908	$	30,897		$	156,006
Total assets (1)	2,151,966			608,919			268,835			361,867		602,735		52,548			257,062
Total deposits	1,146,789			545,454			239,974			288,117		39,718		n/m			22,482
Period end
Total loans and leases	$	886,449		$	204,380		$	132,377		$	307,085	$	66,026	$	30,024		$	146,557
Total assets (1)	2,149,034			611,016			267,021			367,052		580,953		50,959			272,033
Total deposits	1,149,560			547,343			237,624			292,261		39,326		n/m			22,964

⁽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
Quarterly Results by Business Segment (continued)
(Dollars in millions)
	Third Quarter 2014
	Total Corporation			Consumer Banking		GWIM			Global Banking			Global Markets		Legacy Assets & Servicing			All Other
Net interest income (FTE basis)	$	10,444		$	5,081	$	1,459		$	2,450		$	999	$	387		$	68
Card income	1,500			1,219		52			119			18		—			92
Service charges	1,907			1,085		19			730			67		—			6
Investment and brokerage services	3,327			62		2,713			13			533		—			6
Investment banking income (loss)	1,351			—		111			727			577		—			(64		)
Equity investment income (loss)	9			—		—			6			29		—			(26		)
Trading account profits	1,899			—		48			58			1,786		1			6
Mortgage banking income (loss)	272			205		1			—			—		152			(86		)
Gains on sales of debt securities	432			14		1			—			7		—			410
Other income (loss)	293			83		262			242			145		16			(455		)
Total noninterest income	10,990			2,668		3,207			1,895			3,162		169			(111		)
Total revenue, net of interest expense (FTE basis)	21,434			7,749		4,666			4,345			4,161		556			(43		)
Provision for credit losses	636			668		(15		)	(64		)	45		267			(265		)
Noninterest expense	20,142			4,462		3,405			2,016			3,357		6,648			254
Income (loss) before income taxes (FTE basis)	656			2,619		1,276			2,393			759		(6,359		)	(32		)
Income tax expense (benefit) (FTE basis)	888			950		464			872			388		(1,245		)	(541		)
Net income (loss)	$	(232	)	$	1,669	$	812		$	1,521		$	371	$	(5,114	)	$	509
Average
Total loans and leases	$	899,241		$	197,374	$	121,002		$	283,264		$	62,959	$	35,238		$	199,404
Total assets (1)	2,136,109			578,846		266,324			364,565			599,977		53,843			272,554
Total deposits	1,127,488			514,549		239,352			291,927			39,345		n/m			29,879
Period end
Total loans and leases	$	891,315		$	198,467	$	122,395		$	284,908		$	62,705	$	34,484		$	188,356
Total assets (1)	2,123,613			580,372		266,240			354,944			598,804		56,908			266,345
Total deposits	1,111,981			515,580		238,710			282,325			39,133		n/m			25,419

⁽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
Year-to-Date Results by Business Segment
(Dollars in millions)
	Nine Months Ended September 30, 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets		Legacy Assets & Servicing			All Other
Net interest income (FTE basis)	$	30,128	$	14,786		$	4,086	$	6,818	$	3,172	$	1,228		$	38
Card income	4,381		3,621			134		360		63		—			203
Service charges	5,519		3,056			55		2,184		211		—			13
Investment and brokerage services	10,101		203			8,154		43		1,703		—			(2		)
Investment banking income (loss)	4,300		(1		)	211		2,381		1,869		—			(160		)
Equity investment income (loss)	84		7			—		13		98		—			(34		)
Trading account profits (losses)	5,510		—			151		184		5,282		1			(108		)
Mortgage banking income (loss)	2,102		751			4		—		—		1,409			(62		)
Gains (losses) on sales of debt securities	821		2			—		—		10		(1		)	810
Other income (loss)	1,733		401			763		584		553		207			(775		)
Total noninterest income	34,551		8,040			9,472		5,749		9,789		1,616			(115		)
Total revenue, net of interest expense (FTE basis)	64,679		22,826			13,558		12,567		12,961		2,844			(77		)
Provision for credit losses	2,351		1,870			36		452		69		154			(230		)
Noninterest expense	43,320		13,141			10,366		5,952		8,556		3,307			1,998
Income (loss) before income taxes (FTE basis)	19,008		7,815			3,156		6,163		4,336		(617		)	(1,845		)
Income tax expense (benefit) (FTE basis)	5,823		2,875			1,161		2,268		1,392		(227		)	(1,646		)
Net income (loss)	$	13,185	$	4,940		$	1,995	$	3,895	$	2,944	$	(390	)	$	(199	)
Average
Total loans and leases	$	878,921	$	202,565		$	129,881	$	300,141	$	61,798	$	30,782		$	153,754
Total assets (1)	2,153,289		605,418			272,715		364,659		599,472		51,994			259,031
Total deposits	1,145,686		541,969			242,507		290,327		38,813		n/m			21,508
Period end
Total loans and leases	$	887,689	$	208,981		$	134,630	$	315,224	$	70,159	$	27,982		$	130,713
Total assets (1)	2,153,006		615,152			279,155		372,363		579,776		49,080			257,480
Total deposits	1,162,009		551,539			246,172		297,644		36,019		n/m			21,771
	Nine Months Ended September 30, 2014
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets		Legacy Assets & Servicing			All Other
Net interest income (FTE basis)	$	30,956	$	15,211		$	4,430	$	7,396	$	2,968	$	1,126		$	(175	)
Card income	4,334		3,520			150		333		65		—			266
Service charges	5,599		3,118			57		2,188		216		—			20
Investment and brokerage services	9,887		186			7,959		52		1,654		—			36
Investment banking income (loss)	4,524		—			251		2,383		2,073		—			(183		)
Equity investment income	1,150		—			5		63		316		—			766
Trading account profits (losses)	6,198		—			139		135		5,921		7			(4		)
Mortgage banking income (loss)	1,211		620			2		—		1		812			(224		)
Gains on sales of debt securities	1,191		15			1		—		10		16			1,149
Other income (loss)	1,111		379			808		743		577		81			(1,477		)
Total noninterest income	35,205		7,838			9,372		5,897		10,833		916			349
Total revenue, net of interest expense (FTE basis)	66,161		23,049			13,802		13,293		13,801		2,042			174
Provision for credit losses	2,056		2,027			—		353		83		240			(647		)
Noninterest expense	60,921		13,446			10,213		6,200		9,341		19,287			2,434
Income (loss) before income taxes (FTE basis)	3,184		7,576			3,589		6,740		4,377		(17,485		)	(1,613		)
Income tax expense (benefit) (FTE basis)	1,401		2,795			1,325		2,491		1,597		(4,748		)	(2,059		)
Net income (loss)	$	1,783	$	4,781		$	2,264	$	4,249	$	2,780	$	(12,737	)	$	446
Average
Total loans and leases	$	910,360	$	196,408		$	118,505	$	286,309	$	63,409	$	36,672		$	209,057
Total assets (1)	2,148,298		575,622			267,779		361,306		606,205		54,030			283,356
Total deposits	1,124,777		511,214			240,716		286,633		40,769		n/m			33,759
Period end
Total loans and leases	$	891,315	$	198,467		$	122,395	$	284,908	$	62,705	$	34,484		$	188,356
Total assets (1)	2,123,613		580,372			266,240		354,944		598,804		56,908			266,345
Total deposits	1,111,981		515,580			238,710		282,325		39,133		n/m			25,419

⁽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. 18

Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)	$	14,786		$	15,211		$	5,005		$	4,910		$	4,871		$	4,967		$	5,081
Noninterest income:
Card income	3,621			3,520			1,248			1,206			1,167			1,324			1,219
Service charges	3,056			3,118			1,057			1,033			966			1,042			1,085
Mortgage banking income	751			620			207			256			288			193			205
All other income	612			580			315			139			158			232			159
Total noninterest income	8,040			7,838			2,827			2,634			2,579			2,791			2,668
Total revenue, net of interest expense (FTE basis)	22,826			23,049			7,832			7,544			7,450			7,758			7,749
Provision for credit losses	1,870			2,027			648			506			716			653			668
Noninterest expense	13,141			13,446			4,434			4,318			4,389			4,418			4,462
Income before income taxes (FTE basis)	7,815			7,576			2,750			2,720			2,345			2,687			2,619
Income tax expense (FTE basis)	2,875			2,795			991			1,014			870			1,033			950
Net income	$	4,940		$	4,781		$	1,759		$	1,706		$	1,475		$	1,654		$	1,669
Net interest yield (FTE basis)	3.47		%	3.77		%	3.45		%	3.44		%	3.54		%	3.61		%	3.71		%
Return on average allocated capital (1)	23			21			24			24			21			22			22
Efficiency ratio (FTE basis)	57.57			58.34			56.62			57.24			58.90			56.94			57.58
Balance Sheet
Average
Total loans and leases	$	202,565		$	196,408		$	206,337		$	201,703		$	199,581		$	199,215		$	197,374
Total earning assets (2)	569,136			539,601			576,226			572,278			558,713			545,609			542,776
Total assets (2)	605,418			575,622			612,348			608,919			594,795			582,004			578,846
Total deposits	541,969			511,214			548,895			545,454			531,365			517,580			514,549
Allocated capital (1)	29,000			30,000			29,000			29,000			29,000			30,000			30,000
Period end
Total loans and leases	$	208,981		$	198,467		$	208,981		$	204,380		$	200,153		$	202,000		$	198,467
Total earning assets (2)	578,702			544,907			578,702			575,178			576,762			551,945			544,907
Total assets (2)	615,152			580,372			615,152			611,016			613,024			588,875			580,372
Total deposits	551,539			515,580			551,539			547,343			549,489			524,413			515,580

⁽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 45-48.)

⁽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. 19

Bank of America Corporation and Subsidiaries
Consumer Banking Year-to-Date Results
(Dollars in millions)
	Nine Months Ended September 30, 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	14,786		$	7,126		$	7,660
Noninterest income:
Card income	3,621			8			3,613
Service charges	3,056			3,055			1
Mortgage banking income	751			—			751
All other income	612			354			258
Total noninterest income	8,040			3,417			4,623
Total revenue, net of interest expense (FTE basis)	22,826			10,543			12,283
Provision for credit losses	1,870			145			1,725
Noninterest expense	13,141			7,303			5,838
Income before income taxes (FTE basis)	7,815			3,095			4,720
Income tax expense (FTE basis)	2,875			1,138			1,737
Net income	$	4,940		$	1,957		$	2,983
Net interest yield (FTE basis)	3.47		%	1.75		%	5.14		%
Return on average allocated capital (1)	23			22			23
Efficiency ratio (FTE basis)	57.57			69.27			47.53
Balance Sheet
Average
Total loans and leases	$	202,565		$	5,827		$	196,738
Total earning assets (2)	569,136			545,804			199,212
Total assets (2)	605,418			572,797			208,501
Total deposits	541,969			540,849			n/m
Allocated capital (1)	29,000			12,000			17,000
Period end
Total loans and leases	$	208,981		$	5,820		$	203,161
Total earning assets (2)	578,702			555,258			205,415
Total assets (2)	615,152			582,195			214,928
Total deposits	551,539			550,238			n/m
	Nine Months Ended September 30, 2014
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	15,211		$	7,125		$	8,086
Noninterest income:
Card income	3,520			8			3,512
Service charges	3,118			3,117			1
Mortgage banking income	620			—			620
All other income	580			295			285
Total noninterest income	7,838			3,420			4,418
Total revenue, net of interest expense (FTE basis)	23,049			10,545			12,504
Provision for credit losses	2,027			207			1,820
Noninterest expense	13,446			7,406			6,040
Income before income taxes (FTE basis)	7,576			2,932			4,644
Income tax expense (FTE basis)	2,795			1,080			1,715
Net income	$	4,781		$	1,852		$	2,929
Net interest yield (FTE basis)	3.77		%	1.85		%	5.59		%
Return on average allocated capital (1)	21			23			21
Efficiency ratio (FTE basis)	58.34			70.23			48.31
Balance Sheet
Average
Total loans and leases	$	196,408		$	6,090		$	190,318
Total earning assets (2)	539,601			514,581			193,294
Total assets (2)	575,622			541,223			202,673
Total deposits	511,214			510,388			n/m
Allocated capital (1)	30,000			11,000			19,000
Period end
Total loans and leases	$	198,467		$	6,038		$	192,429
Total earning assets (2)	544,907			518,854			195,728
Total assets (2)	580,372			545,287			204,760
Total deposits	515,580			514,437			n/m

For footnotes see page 22.

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 Banking Quarterly Results
(Dollars in millions)
	Third Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,005		$	2,440		$	2,565
Noninterest income:
Card income	1,248			2			1,246
Service charges	1,057			1,056			1
Mortgage banking income	207			—			207
All other income	315			131			184
Total noninterest income	2,827			1,189			1,638
Total revenue, net of interest expense (FTE basis)	7,832			3,629			4,203
Provision for credit losses	648			58			590
Noninterest expense	4,434			2,484			1,950
Income before income taxes (FTE basis)	2,750			1,087			1,663
Income tax expense (FTE basis)	991			392			599
Net income	$	1,759		$	695		$	1,064
Net interest yield (FTE basis)	3.45		%	1.75		%	5.01		%
Return on average allocated capital (1)	24			23			25
Efficiency ratio (FTE basis)	56.62			68.48			46.37
Balance Sheet
Average
Total loans and leases	$	206,337		$	5,813		$	200,524
Total earning assets (2)	576,226			552,639			203,013
Total assets (2)	612,348			579,690			212,084
Total deposits	548,895			547,726			n/m
Allocated capital (1)	29,000			12,000			17,000
Period end
Total loans and leases	$	208,981		$	5,820		$	203,161
Total earning assets (2)	578,702			555,258			205,415
Total assets (2)	615,152			582,195			214,928
Total deposits	551,539			550,238			n/m
	Second Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	4,910		$	2,389		$	2,521
Noninterest income:
Card income	1,206			3			1,203
Service charges	1,033			1,033			—
Mortgage banking income	256			—			256
All other income	139			120			19
Total noninterest income	2,634			1,156			1,478
Total revenue, net of interest expense (FTE basis)	7,544			3,545			3,999
Provision for credit losses	506			24			482
Noninterest expense	4,318			2,365			1,953
Income before income taxes (FTE basis)	2,720			1,156			1,564
Income tax expense (FTE basis)	1,014			430			584
Net income	$	1,706		$	726		$	980
Net interest yield (FTE basis)	3.44		%	1.75		%	5.09		%
Return on average allocated capital (1)	24			24			23
Efficiency ratio (FTE basis)	57.24			66.73			48.83
Balance Sheet
Average
Total loans and leases	$	201,703		$	5,789		$	195,914
Total earning assets (2)	572,278			549,152			198,501
Total assets (2)	608,919			576,317			207,977
Total deposits	545,454			544,340			n/m
Allocated capital (1)	29,000			12,000			17,000
Period end
Total loans and leases	$	204,380		$	5,834		$	198,546
Total earning assets (2)	575,178			551,599			201,319
Total assets (2)	611,016			578,121			210,635
Total deposits	547,343			546,169			n/m

For footnotes see page 22.

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 Banking Quarterly Results (continued)
(Dollars in millions)
	Third Quarter 2014
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,081		$	2,389		$	2,692
Noninterest income:
Card income	1,219			2			1,217
Service charges	1,085			1,085			—
Mortgage banking income	205			—			205
All other income	159			116			43
Total noninterest income	2,668			1,203			1,465
Total revenue, net of interest expense (FTE basis)	7,749			3,592			4,157
Provision for credit losses	668			93			575
Noninterest expense	4,462			2,480			1,982
Income before income taxes (FTE basis)	2,619			1,019			1,600
Income tax expense (FTE basis)	950			368			582
Net income	$	1,669		$	651		$	1,018
Net interest yield (FTE basis)	3.71		%	1.83		%	5.51		%
Return on average allocated capital (1)	22			23			21
Efficiency ratio (FTE basis)	57.58			69.04			47.67
Balance Sheet
Average
Total loans and leases	$	197,374		$	6,076		$	191,298
Total earning assets (2)	542,776			518,038			193,970
Total assets (2)	578,846			544,537			203,541
Total deposits	514,549			513,668			n/m
Allocated capital (1)	30,000			11,000			19,000
Period end
Total loans and leases	$	198,467		$	6,038		$	192,429
Total earning assets (2)	544,907			518,854			195,728
Total assets (2)	580,372			545,287			204,760
Total deposits	515,580			514,437			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 45-48.)

⁽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 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. 22

Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Average deposit balances
Checking	$	256,949		$	234,416		$	261,469		$	259,007		$	250,248		$	241,254		$	238,133
Savings	44,999			44,833			44,721			45,748			44,525			43,972			45,124
MMS	186,104			166,977			191,358			186,750			180,078			172,992			168,815
CDs and IRAs	51,195			62,212			48,644			51,178			53,820			56,476			59,666
Non-U.S. and other	2,722			2,776			2,703			2,771			2,694			2,886			2,811
Total average deposit balances	$	541,969		$	511,214		$	548,895		$	545,454		$	531,365		$	517,580		$	514,549
Deposit spreads (excludes noninterest costs)
Checking	2.03		%	2.07		%	2.03		%	2.04		%	2.03		%	2.08		%	2.08		%
Savings	2.30			2.31			2.29			2.29			2.31			2.32			2.32
MMS	1.22			1.17			1.23			1.22			1.23			1.21			1.19
CDs and IRAs	0.58			0.50			0.62			0.58			0.54			0.52			0.50
Non-U.S. and other	0.45			0.49			0.48			0.45			0.42			0.40			0.40
Total deposit spreads	1.63			1.59			1.64			1.63			1.62			1.63			1.61
Client brokerage assets	$	117,210		$	108,533		$	117,210		$	121,961		$	118,492		$	113,763		$	108,533
Online banking active accounts (units in thousands)	31,627			30,822			31,627			31,365			31,523			30,904			30,822
Mobile banking active accounts (units in thousands) (1)	18,398			16,107			18,398			17,626			17,092			16,539			16,107
Financial centers	4,741			4,947			4,741			4,789			4,835			4,855			4,947
ATMs	16,062			15,671			16,062			15,992			15,903			15,834			15,671
Total U.S. credit card(2)
Loans
Average credit card outstandings	$	88,117		$	88,820		$	88,201		$	87,460		$	88,695		$	89,381		$	88,866
Ending credit card outstandings	88,339			89,026			88,339			88,403			87,288			91,879			89,026
Credit quality
Net charge-offs	$	1,751		$	2,026		$	546		$	584		$	621		$	612		$	625
	2.66		%	3.05		%	2.46		%	2.68		%	2.84		%	2.71		%	2.79		%
30+ delinquency	$	1,514		$	1,702		$	1,514		$	1,486		$	1,581		$	1,701		$	1,702
	1.71		%	1.91		%	1.71		%	1.68		%	1.81		%	1.85		%	1.91		%
90+ delinquency	$	721		$	831		$	721		$	742		$	795		$	866		$	831
	0.82		%	0.93		%	0.82		%	0.84		%	0.91		%	0.94		%	0.93		%
Other Total U.S. credit card indicators (2)
Gross interest yield	9.17		%	9.37		%	9.15		%	9.09		%	9.27		%	9.26		%	9.34		%
Risk-adjusted margin	9.17			9.26			9.54			8.92			9.05			9.96			9.33
New accounts (in thousands)	3,713			3,357			1,257			1,295			1,161			1,184			1,202
Purchase volumes	$	162,625		$	156,231		$	56,471		$	55,976		$	50,178		$	55,857		$	53,784
Debit card data
Purchase volumes	$	206,941		$	203,372		$	69,289		$	70,754		$	66,898		$	69,204		$	67,990

For footnotes see page 24.

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 Banking Key Indicators (continued)
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Loan production (3):
Total (4)
First mortgage	$	43,386		$	31,674		$	13,711		$	15,962		$	13,713		$	11,616		$	11,725
Home equity	9,566			7,813			3,140			3,209			3,217			3,420			3,225
Consumer Banking
First mortgage	$	31,146		$	24,024		$	10,027		$	11,265		$	9,854		$	8,316		$	8,861
Home equity	8,797			7,156			2,841			2,939			3,017			3,129			2,970
Mortgage banking income
Consumer Lending:
Core production revenue	$	794		$	661		$	221		$	273		$	300		$	214		$	239
Representations and warranties provision	9			14			2			1			6			(4		)	(15		)
Other consumer mortgage banking income (5)	(52		)	(55		)	(16		)	(18		)	(18		)	(17		)	(19		)
Total Consumer Lending mortgage banking income	751			620			207			256			288			193			205
Legacy Assets & Servicing mortgage banking income (6)	1,409			812			266			682			461			241			152
Eliminations (7)	(58		)	(221		)	(66		)	63			(55		)	(82		)	(85		)
Total consolidated mortgage banking income	$	2,102		$	1,211		$	407		$	1,001		$	694		$	352		$	272

⁽¹⁾  Beginning in the first quarter of 2015, mobile users include Merrill Edge and MyMerrill users of approximately 150 thousand.

⁽²⁾  In addition to the U.S. credit card portfolio in Consumer Banking, the remaining U.S. credit card portfolio is in GWIM.

⁽³⁾  The above loan production amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit.

⁽⁴⁾  In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.

⁽⁵⁾  Primarily intercompany charge for loan servicing activities provided by Legacy Assets & Servicing.

⁽⁶⁾  Amounts for Legacy Assets & Servicing are included in this Consumer Banking table to show the components of consolidated mortgage banking income.

⁽⁷⁾  Includes the effect of transfers of mortgage loans from Consumer Banking to the ALM portfolio included in All Other,intercompany charges for loan servicing and net gains or losses on intercompany trades related to mortgage servicing rights risk management.

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
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)	$	4,086		$	4,430		$	1,376		$	1,359		$	1,351		$	1,406		$	1,459
Noninterest income:
Investment and brokerage services	8,154			7,959			2,682			2,749			2,723			2,763			2,713
All other income	1,318			1,413			410			465			443			434			494
Total noninterest income	9,472			9,372			3,092			3,214			3,166			3,197			3,207
Total revenue, net of interest expense (FTE basis)	13,558			13,802			4,468			4,573			4,517			4,603			4,666
Provision for credit losses	36			—			(2		)	15			23			14			(15		)
Noninterest expense	10,366			10,213			3,447			3,459			3,460			3,442			3,405
Income before income taxes (FTE basis)	3,156			3,589			1,023			1,099			1,034			1,147			1,276
Income tax expense (FTE basis)	1,161			1,325			367			410			384			442			464
Net income	$	1,995		$	2,264		$	656		$	689		$	650		$	705		$	812
Net interest yield (FTE basis)	2.14		%	2.38		%	2.12		%	2.17		%	2.13		%	2.24		%	2.33		%
Return on average allocated capital (1)	22			25			22			23			22			23			27
Efficiency ratio (FTE basis)	76.46			73.99			77.14			75.64			76.61			74.80			72.98
Balance Sheet
Average
Total loans and leases	$	129,881		$	118,505		$	133,168		$	130,270		$	126,129		$	123,544		$	121,002
Total earning assets (2)	255,498			249,102			257,344			251,528			257,625			248,614			248,223
Total assets (2)	272,715			267,779			274,192			268,835			275,130			266,717			266,324
Total deposits	242,507			240,716			243,980			239,974			243,561			238,835			239,352
Allocated capital (1)	12,000			12,000			12,000			12,000			12,000			12,000			12,000
Period end
Total loans and leases	$	134,630		$	122,395		$	134,630		$	132,377		$	127,556		$	125,431		$	122,395
Total earning assets (2)	262,870			248,072			262,870			250,720			255,840			256,519			248,072
Total assets (2)	279,155			266,240			279,155			267,021			272,777			274,887			266,240
Total deposits	246,172			238,710			246,172			237,624			244,080			245,391			238,710

⁽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 45-48.)

⁽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. 25

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Nine Months Ended September 30					Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Revenue by Business
Merrill Lynch Global Wealth Management	$	11,234		$	11,429	$	3,694		$	3,792		$	3,748		$	3,827		$	3,874
U.S. Trust	2,271			2,326		756			764			751			759			775
Other (1)	53			47		18			17			18			17			17
Total revenue, net of interest expense (FTE basis)	$	13,558		$	13,802	$	4,468		$	4,573		$	4,517		$	4,603		$	4,666
Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	1,942,623		$	2,004,391	$	1,942,623		$	2,051,514		$	2,043,447		$	2,033,801		$	2,004,391
U.S. Trust	375,751			381,054		375,751			388,829			391,105			387,491			381,054
Other (1)	78,110			76,640		78,110			81,318			75,295			76,705			76,640
Total client balances	$	2,396,484		$	2,462,085	$	2,396,484		$	2,521,661		$	2,509,847		$	2,497,997		$	2,462,085
Client Balances by Type, at period end
Long-term assets under management (2)	$	798,887		$	811,403	$	798,887		$	849,046		$	841,966		$	826,171		$	811,403
Liquidity assets under management (3)	78,106			76,603		78,106			81,314			75,291			76,701			76,603
Assets under management	876,993			888,006		876,993			930,360			917,257			902,872			888,006
Brokerage assets	1,026,355			1,073,858		1,026,355			1,079,084			1,076,277			1,081,434			1,073,858
Assets in custody	109,196			135,886		109,196			138,774			141,273			139,555			135,886
Deposits	246,172			238,710		246,172			237,624			244,080			245,391			238,710
Loans and leases (4)	137,768			125,625		137,768			135,819			130,960			128,745			125,625
Total client balances	$	2,396,484		$	2,462,085	$	2,396,484		$	2,521,661		$	2,509,847		$	2,497,997		$	2,462,085
Assets Under Management Rollforward
Assets under management, beginning balance	$	902,872		$	821,449	$	930,360		$	917,257		$	902,872		$	888,006		$	878,741
Net long-term client flows	27,695			40,420		4,448			8,593			14,654			9,380			11,168
Net liquidity client flows	1,320			3,616		(3,210		)	6,023			(1,493		)	(255		)	5,910
Market valuation/other	(54,894		)	22,521		(54,605		)	(1,513		)	1,224			5,741			(7,813		)
Total assets under management, ending balance	$	876,993		$	888,006	$	876,993		$	930,360		$	917,257		$	902,872		$	888,006
Associates, at period end(5)
Number of financial advisors	16,605			15,867		16,605			16,419			16,175			16,035			15,867
Total wealth advisors	18,037			17,039		18,037			17,798			17,508			17,231			17,039
Total client-facing professionals	20,535			19,727		20,535			20,312			20,018			19,750			19,727
Merrill Lynch Global Wealth Management Metrics
Financial advisor productivity (6) (in thousands)	$	1,027		$	1,064	$	1,000		$	1,041		$	1,041		$	1,070		$	1,077
U.S. Trust Metrics, at period end
Client-facing professionals	2,178			2,135		2,178			2,155			2,157			2,155			2,135

⁽¹⁾  Includes the results of BofA Global Capital Management, the cash management division of Bank of America, and certain administrative items.

⁽²⁾  Defined as assets under advisory and discretion of GWIM in which the duration of the investment strategy is longer than one year.

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

⁽⁴⁾  Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

⁽⁵⁾  Includes financial advisors in the Consumer Banking segment of 2,042, 2,049, 1,992, 1,950 and 1,868 at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, 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 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. 26

Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)	$	6,818		$	7,396		$	2,345		$	2,213		$	2,260		$	2,415		$	2,450
Noninterest income:
Service charges	2,184			2,188			746			728			710			712			730
Investment banking fees	2,381			2,383			752			777			852			830			727
All other income	1,184			1,326			348			388			448			357			438
Total noninterest income	5,749			5,897			1,846			1,893			2,010			1,899			1,895
Total revenue, net of interest expense (FTE basis)	12,567			13,293			4,191			4,106			4,270			4,314			4,345
Provision for credit losses	452			353			179			177			96			(31		)	(64		)
Noninterest expense	5,952			6,200			2,020			1,932			2,000			1,969			2,016
Income before income taxes (FTE basis)	6,163			6,740			1,992			1,997			2,174			2,376			2,393
Income tax expense (FTE basis)	2,268			2,491			715			746			807			856			872
Net income	$	3,895		$	4,249		$	1,277		$	1,251		$	1,367		$	1,520		$	1,521
Net interest yield (FTE basis)	2.85		%	3.13		%	2.86		%	2.80		%	2.89		%	2.99		%	3.03		%
Return on average allocated capital (1)	15			17			14			14			16			18			18
Efficiency ratio (FTE basis)	47.36			46.65			48.17			47.06			46.86			45.63			46.39
Balance Sheet
Average
Total loans and leases	$	300,141		$	286,309		$	310,043		$	300,631		$	289,522		$	287,003		$	283,264
Total earnings assets (2)	319,899			315,713			325,740			316,912			316,949			320,341			320,931
Total assets (2)	364,659			361,306			370,246			361,867			361,771			365,143			364,565
Total deposits	290,327			286,633			296,321			288,117			286,434			292,096			291,927
Allocated capital (1)	35,000			33,500			35,000			35,000			35,000			33,500			33,500
Period end
Total loans and leases	$	315,224		$	284,908		$	315,224		$	307,085		$	295,653		$	288,905		$	284,908
Total earnings assets (2)	327,313			310,962			327,313			322,977			318,775			308,419			310,962
Total assets (2)	372,363			354,944			372,363			367,052			365,024			353,637			354,944
Total deposits	297,644			282,325			297,644			292,261			290,422			279,792			282,325

⁽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 45-48.)

⁽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. 27

Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Investment Banking fees (1)
Advisory (2)	$	999		$	782		$	365		$	247		$	387		$	316		$	291
Debt issuance	1,031			1,153			325			371			335			379			318
Equity issuance	351			448			62			159			130			135			118
Total Investment Banking fees (3)	$	2,381		$	2,383		$	752		$	777		$	852		$	830		$	727
Business Lending
Corporate	$	2,413		$	2,620		$	816		$	708		$	889		$	800		$	878
Commercial	2,900			2,951			984			1,004			912			991			934
Business Banking	263			272			89			87			87			92			91
Total Business Lending revenue	$	5,576		$	5,843		$	1,889		$	1,799		$	1,888		$	1,883		$	1,903
Global Transaction Services
Corporate	$	2,079		$	2,245		$	715		$	706		$	658		$	746		$	766
Commercial	1,954			2,154			673			636			645			700			719
Business Banking	517			532			181			170			166			184			179
Total Global Transaction Services revenue	$	4,550		$	4,931		$	1,569		$	1,512		$	1,469		$	1,630		$	1,664
Average deposit balances
Interest-bearing	$	65,478		$	81,551		$	64,960		$	65,504		$	65,982		$	71,148		$	79,127
Noninterest-bearing	224,849			205,082			231,361			222,613			220,452			220,948			212,800
Total average deposits	$	290,327		$	286,633		$	296,321		$	288,117		$	286,434		$	292,096		$	291,927
Loan spread	1.63		%	1.74		%	1.61		%	1.60		%	1.68		%	1.69		%	1.70		%
Provision for credit losses	$	452		$	353		$	179		$	177		$	96		$	(31	)	$	(64	)
Credit quality (4, 5)
Reservable utilized criticized exposure	$	11,786		$	10,314		$	11,786		$	11,411		$	10,471		$	9,662		$	10,314
	3.46		%	3.32		%	3.46		%	3.44		%	3.28		%	3.07		%	3.32		%
Nonperforming loans, leases and foreclosed properties	$	899		$	1,080		$	899		$	1,179		$	979		$	892		$	1,080
	0.29		%	0.38		%	0.29		%	0.38		%	0.33		%	0.31		%	0.38		%
Average loans and leases by product
U.S. commercial	$	162,179		$	151,271		$	167,692		$	162,580		$	156,137		$	153,256		$	150,918
Commercial real estate	44,395			43,783			46,904			44,066			42,163			41,445			41,818
Commercial lease financing	25,889			25,238			26,486			25,728			25,442			25,105			25,127
Non-U.S. commercial	67,663			65,997			68,947			68,241			65,763			67,178			65,381
Other	15			20			14			16			17			19			20
Total average loans and leases	$	300,141		$	286,309		$	310,043		$	300,631		$	289,522		$	287,003		$	283,264
Total Corporation Investment Banking fees
Advisory (2)	$	1,095		$	865		$	391		$	276		$	428		$	341		$	316
Debt issuance	2,416			2,701			748			887			781			883			784
Equity issuance	950			1,142			188			417			345			348			315
Total investment banking fees including self-led deals	4,461			4,708			1,327			1,580			1,554			1,572			1,415
Self-led deals	(161		)	(184		)	(40		)	(54		)	(67		)	(31		)	(64		)
Total Investment Banking fees	$	4,300		$	4,524		$	1,287		$	1,526		$	1,487		$	1,541		$	1,351

⁽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. 28

Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
	Nine Months Ended September 30, 2015
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.2	%	3	8.9	%
Announced mergers and acquisitions	4	21.8		5	23.3
Equity capital markets	5	5.8		2	9.6
Debt capital markets	2	6.3		2	10.4
High-yield corporate debt	3	7.9		2	9.6
Leveraged loans	2	8.8		2	11.7
Mortgage-backed securities	4	8.7		4	9.3
Asset-backed securities	1	11.5		1	15.9
Convertible debt	2	8.8		2	14.3
Common stock underwriting	5	5.5		7	8.8
Investment-grade corporate debt	2	6.6		2	12.2
Syndicated loans	2	8.5		2	12.3

Source: Dealogic data as of October 5, 2015. Figures above include self-led transactions.

• Rankings based on deal volumes except 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:
High-yield corporate debt	Investment-grade corporate debt
Leveraged loans	Syndicated loans
Asset-backed securities	Debt capital markets
Convertible debt
U.S. top 3 rankings in:
High-yield corporate debt	Investment-grade corporate debt
Leveraged loans	Syndicated loans
Asset-backed securities	Equity capital markets
Convertible debt	Debt capital markets

Top 3 rankings excluding self-led deals:

Global: High-yield corporate debt, Leveraged loans, Mortgage-backed securities, Asset-backed securities, Convertible debt, Investment-grade corporate debt, Syndicated loans, Debt capital markets

U.S.: High-yield corporate debt, Leveraged loans, Asset-backed securities, Convertible debt, Investment-grade corporate debt, Syndicated loans, Equity capital markets, Debt capital markets

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

Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)	$	3,172		$	2,968		$	1,135		$	1,028		$	1,009		$	1,036		$	999
Noninterest income:
Investment and brokerage services	1,703			1,654			574			556			573			551			533
Investment banking fees	1,869			2,073			521			718			630			670			577
Trading account profits	5,282			5,921			1,462			1,693			2,127			76			1,786
All other income	935			1,185			379			272			284			54			266
Total noninterest income	9,789			10,833			2,936			3,239			3,614			1,351			3,162
Total revenue, net of interest expense (FTE basis) (1)	12,961			13,801			4,071			4,267			4,623			2,387			4,161
Provision for credit losses	69			83			42			6			21			26			45
Noninterest expense	8,556			9,341			2,683			2,732			3,141			2,522			3,357
Income (loss) before income taxes (FTE basis)	4,336			4,377			1,346			1,529			1,461			(161		)	759
Income tax expense (benefit) (FTE basis)	1,392			1,597			338			537			517			(86		)	388
Net income (loss)	$	2,944		$	2,780		$	1,008		$	992		$	944		$	(75	)	$	371
Return on average allocated capital (2)	11		%	11		%	11		%	11		%	11		%	n/m			4		%
Efficiency ratio (FTE basis)	66.01			67.68			65.91			64.01			67.95			105.63		%	80.70
Balance Sheet
Average
Total trading-related assets (3)	$	439,267		$	447,887		$	431,477		$	442,509		$	443,951		$	455,536		$	446,491
Total loans and leases	61,798			63,409			66,392			61,908			56,992			58,108			62,959
Total earning assets (3)	436,970			464,306			439,859			436,081			434,916			451,937			457,836
Total assets	599,472			606,205			597,103			602,735			598,594			611,829			599,977
Total deposits	38,813			40,769			37,050			39,718			39,699			40,941			39,345
Allocated capital (2)	35,000			34,000			35,000			35,000			35,000			34,000			34,000
Period end
Total trading-related assets (3)	$	407,493		$	433,597		$	407,493		$	406,404		$	424,996		$	418,860		$	433,597
Total loans and leases	70,159			62,705			70,159			66,026			63,019			59,388			62,705
Total earning assets (3)	421,909			443,423			421,909			408,857			421,520			421,799			443,423
Total assets	579,776			598,804			579,776			580,953			586,843			579,594			598,804
Total deposits	36,019			39,133			36,019			39,326			38,668			40,746			39,133
Trading-related assets (average)
Trading account securities	$	195,842		$	201,986		$	196,884		$	197,116		$	193,491		$	201,868		$	201,964
Reverse repurchases	109,415			115,343			103,422			109,626			115,328			118,286			116,853
Securities borrowed	78,520			86,455			75,786			81,091			78,713			81,071			83,369
Derivative assets	55,490			44,103			55,385			54,676			56,419			54,311			44,305
Total trading-related assets (3)	$	439,267		$	447,887		$	431,477		$	442,509		$	443,951		$	455,536		$	446,491

⁽¹⁾  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 31.

⁽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 45-48.)

⁽³⁾  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. 30

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2015		Second Quarter 2015		First Quarter 2015		Fourth Quarter 2014		Third Quarter 2014
	2015		2014
Sales and trading revenue (1)
Fixed income, currency and commodities	$	7,277	$	7,856	$	2,285	$	2,236	$	2,756	$	886	$	2,387
Equities	3,555		3,343		1,191		1,199		1,165		862		1,105
Total sales and trading revenue	$	10,832	$	11,199	$	3,476	$	3,435	$	3,921	$	1,748	$	3,492
Sales and trading revenue, excluding net debit valuation adjustment and funding valuation adjustment (2)
Fixed income, currency and commodities	$	6,912	$	7,587	$	2,007	$	2,153	$	2,752	$	1,463	$	2,254
Equities	3,486		3,226		1,156		1,180		1,150		911		1,033
Total sales and trading revenue, excluding net debit valuation adjustment and funding valuation adjustment	$	10,398	$	10,813	$	3,163	$	3,333	$	3,902	$	2,374	$	3,287
Sales and trading revenue breakdown
Net interest income	$	2,883	$	2,696	$	1,039	$	924	$	920	$	942	$	912
Commissions	1,686		1,640		569		550		567		546		528
Trading	5,263		5,919		1,462		1,676		2,125		76		1,784
Other	1,000		944		406		285		309		184		268
Total sales and trading revenue	$	10,832	$	11,199	$	3,476	$	3,435	$	3,921	$	1,748	$	3,492

⁽¹⁾  Includes Global Banking sales and trading revenue of $295 million and $221 million for the nine months ended September 30, 2015 and 2014; $86 million, $134 million and $75 million for the third, second and first quarters of 2015, and $163 million and $67 million for the fourth and third quarters of 2014, respectively.

⁽²⁾  For this presentation, sales and trading revenue excludes net debit valuation adjustment (DVA) gains (losses) which include net DVA on derivatives and structured liabilities. Sales and trading revenue excluding net DVA gains (losses) represents a non-GAAP financial measure. In the fourth quarter of 2014, the Corporation adopted a funding valuation adjustment on uncollateralized derivatives in the Corporation's Global Markets business. This methodology seeks to account for the value of funding costs today rather than accruing the cost over the life of the derivatives. The adoption resulted in a one-time transitional charge of $497 million recorded in the fourth quarter of 2014.

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
Legacy Assets & Servicing Segment Results
(Dollars in millions, except as noted)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)	$	1,228		$	1,126		$	383		$	417		$	428		$	390		$	387
Noninterest income:
Mortgage banking income	1,409			812			266			682			461			241			152
All other income (loss)	207			104			192			(10		)	25			7			17
Total noninterest income	1,616			916			458			672			486			248			169
Total revenue, net of interest expense (FTE basis)	2,844			2,042			841			1,089			914			638			556
Provision for credit losses	154			240			6			57			91			(113		)	267
Noninterest expense	3,307			19,287			1,143			961			1,203			1,362			6,648
Income (loss) before income taxes (FTE basis)	(617		)	(17,485		)	(308		)	71			(380		)	(611		)	(6,359		)
Income tax expense (benefit) (FTE basis)	(227		)	(4,748		)	(112		)	26			(141		)	(231		)	(1,245		)
Net income (loss)	$	(390	)	$	(12,737	)	$	(196	)	$	45		$	(239	)	$	(380	)	$	(5,114	)
Net interest yield (FTE basis)	3.94		%	3.90		%	3.69		%	3.94		%	4.18		%	4.21		%	3.77		%
Return on average allocated capital (1)	n/m			n/m			n/m			1			n/m			n/m			n/m
Efficiency ratio (FTE basis)	n/m			n/m			n/m			88.26			n/m			n/m			n/m
Balance Sheet
Average
Total loans and leases	$	30,782		$	36,672		$	29,074		$	30,897		$	32,411		$	33,772		$	35,238
Total earning assets (2)	41,678			38,625			41,179			42,367			41,492			36,693			40,718
Total assets (2)	51,994			54,030			50,719			52,548			52,737			48,669			53,843
Allocated capital (1)	24,000			17,000			24,000			24,000			24,000			17,000			17,000
Period end
Total loans and leases	$	27,982		$	34,484		$	27,982		$	30,024		$	31,690		$	33,055		$	34,484
Total earning assets (2)	40,187			44,925			40,187			40,905			42,696			33,923			44,925
Total assets (2)	49,080			56,908			49,080			50,959			53,644			45,958			56,908
Period end (in billions)
Mortgage serviced portfolio (3)	$	580.0		$	722.0		$	580.0		$	610.0		$	669.0		$	693.0		$	722.0

⁽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 45-48.)

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

⁽³⁾  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. 32

Bank of America Corporation and Subsidiaries
Legacy Assets & Servicing Key Indicators
(Dollars in millions, except as noted)
	Nine Months Ended September 30								Third Quarter 2015				Second Quarter 2015				First Quarter 2015				Fourth Quarter 2014				Third Quarter 2014
	2015				2014
Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	3,271			$	5,042			$	3,201			$	3,108			$	3,271			$	3,986			$	4,134
Net additions	(16		)		202				53				(174		)		105				73				140
Amortization of expected cash flows (1)	(564		)		(620		)		(179		)		(187		)		(198		)		(198		)		(201		)
Other changes in mortgage servicing rights fair value (2)	8				(638		)		(376		)		454				(70		)		(590		)		(87		)
Balance, end of period (3)	$	2,699			$	3,986			$	2,699			$	3,201			$	3,108			$	3,271			$	3,986
Capitalized mortgage servicing rights (% of loans serviced for investors)	69			bps	81			bps	69			bps	78			bps	68			bps	69			bps	81			bps
Mortgage loans serviced for investors (in billions)	$	391			$	491			$	391			$	409			$	459			$	474			$	491
Mortgage banking income
Servicing income:
Servicing fees	$	1,167			$	1,496			$	345			$	392			$	430			$	461			$	471
Amortization of expected cash flows (1)	(564		)		(620		)		(179		)		(187		)		(198		)		(198		)		(201		)
Fair value changes of mortgage servicing rights, net of risk management activities used to hedge certain market risks (4)	526				152				83				193				250				142				(19		)
Other servicing-related revenue	—				8				—				—				—				—				—
Total net servicing income	1,129				1,036				249				398				482				405				251
Representations and warranties provision	37				(447		)		(77		)		204				(90		)		(246		)		(152		)
Other mortgage banking income (5)	243				223				94				80				69				82				53
Total Legacy Assets & Servicing mortgage banking income	$	1,409			$	812			$	266			$	682			$	461			$	241			$	152

⁽¹⁾  Represents the net change in fair value of the mortgage servicing rights 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 and periodic adjustments to valuation based on third-party price discovery. 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 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⁾  Includes gains and losses on sales of mortgage servicing rights.

⁽⁵⁾  Consists primarily of revenue from sales of repurchased loans that had returned to performing status.

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
All Other Results (1)
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Net interest income (FTE basis)	$	38		$	(175	)	$	(502	)	$	789		$	(249	)	$	(349	)	$	68
Noninterest income:
Card income	203			266			68			66			69			90			92
Equity investment income (loss)	(34		)	766			(46		)	11			1			(37		)	(26		)
Gains on sales of debt securities	810			1,149			385			162			263			161			410
All other income (loss)	(1,094		)	(1,832		)	(395		)	(262		)	(437		)	(610		)	(587		)
Total noninterest income	(115		)	349			12			(23		)	(104		)	(396		)	(111		)
Total revenue, net of interest expense (FTE basis)	(77		)	174			(490		)	766			(353		)	(745		)	(43		)
Provision for credit losses	(230		)	(647		)	(67		)	19			(182		)	(330		)	(265		)
Noninterest expense	1,998			2,434			80			416			1,502			483			254
Income (loss) before income taxes (FTE basis)	(1,845		)	(1,613		)	(503		)	331			(1,673		)	(898		)	(32		)
Income tax expense (benefit) (FTE basis)	(1,646		)	(2,059		)	(507		)	(306		)	(833		)	(524		)	(541		)
Net income (loss)	$	(199	)	$	446		$	4		$	637		$	(840	)	$	(374	)	$	509
Balance Sheet
Average
Total loans and leases	$	153,754		$	209,057		$	137,827		$	156,006		$	167,758		$	183,091		$	199,404
Total assets (2)	259,031			283,356			264,385			257,062			255,547			263,189			272,554
Total deposits	21,508			33,759			22,605			22,482			19,406			22,163			29,879
Period end
Total loans and leases	$	130,713		$	188,356		$	130,713		$	146,557		$	159,885		$	172,612		$	188,356
Total equity investments	4,378			5,001			4,378			4,670			4,716			4,886			5,001
Total assets (3)	257,480			266,345			257,480			272,033			252,233			261,583			266,345
Total deposits	21,771			25,419			21,771			22,964			19,467			19,242			25,419

⁽¹⁾  All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass residential mortgages, debt 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. Beginning with new originations in 2014, we retain certain residential mortgages in Consumer Banking, consistent with where the overall relationship is managed; previously such mortgages were in All Other. Additionally, certain residential mortgage loans that are managed by Legacy Assets & Servicing are held in All Other. The results of certain ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture as well as Global Principal Investments which is comprised of a portfolio of equity, real estate and other alternative investments.

⁽²⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $496.3 billion and $480.1 billion for the nine months ended September 30, 2015 and 2014; $494.3 billion, $493.0 billion, $501.7 billion, $483.2 billion and $490.6 billion for the third, second and first quarters of 2015, and the fourth and third quarters of 2014, respectively.

⁽³⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $493.7 billion, $488.5 billion, $512.5 billion, $474.6 billion and $483.4 billion at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, 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. 34

Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	September 30 2015		June 30 2015		September 30 2014
Consumer
Residential mortgage (1)	$	187,939	$	198,825	$	224,728
Home equity	78,030		81,006		87,508
U.S. credit card	88,339		88,403		89,026
Non-U.S. credit card	10,066		10,276		11,433
Direct/Indirect consumer (2)	87,314		84,754		83,118
Other consumer (3)	2,012		2,000		2,152
Total consumer loans excluding loans accounted for under the fair value option	453,700		465,264		497,965
Consumer loans accounted for under the fair value option (4)	1,944		1,971		2,129
Total consumer	455,644		467,235		500,094
Commercial
U.S. commercial (5)	257,032		248,296		228,996
Commercial real estate (6)	55,629		52,344		47,023
Commercial lease financing	25,680		25,342		24,498
Non-U.S. commercial	88,470		87,574		84,650
Total commercial loans excluding loans accounted for under the fair value option	426,811		413,556		385,167
Commercial loans accounted for under the fair value option (4)	5,234		5,658		6,054
Total commercial	432,045		419,214		391,221
Total loans and leases	$	887,689	$	886,449	$	891,315

⁽¹⁾  Includes pay option loans of $2.4 billion, $2.6 billion and $3.3 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively. The Corporation no longer originates pay option loans.

⁽²⁾  Includes auto and specialty lending loans of $41.7 billion, $39.6 billion and $37.9 billion, unsecured consumer lending loans of $999 million, $1.1 billion and $1.7 billion, U.S. securities-based lending loans of $39.2 billion, $38.6 billion and $34.6 billion, non-U.S. consumer loans of $3.9 billion, $4.0 billion and $4.3 billion, student loans of $581 million, $596 million and $3.6 billion and other consumer loans of $834 million, $809 million and $894 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽³⁾  Includes consumer finance loans of $591 million, $618 million and $1.0 billion, consumer leases of $1.2 billion, $1.2 billion and $937 million, consumer overdrafts of $189 million, $227 million and $173 million and other non-U.S. consumer loans of $2 million, $3 million and $3 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁴⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $1.7 billion, $1.8 billion and $2.0 billion and home equity loans of $225 million, $208 million and $179 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.2 billion, $2.3 billion and $1.3 billion and non-U.S. commercial loans of $3.0 billion, $3.4 billion and $4.8 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁵⁾  Includes U.S. small business commercial loans, including card-related products, of $13.1 billion, $13.2 billion and $13.5 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁶⁾  Includes U.S. commercial real estate loans of $51.8 billion, $48.6 billion and $45.1 billion and non-U.S. commercial real estate loans of $3.8 billion, $3.7 billion and $2.0 billion at September 30, 2015, June 30, 2015 and September 30, 2014, 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. 35

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment
(Dollars in millions)
	Third Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			Legacy Assets & Servicing			All  Other
Consumer
Residential mortgage	$	193,791	$	17,465		$	54,277	$	5	$	—		$	865		$	121,179
Home equity	79,715		43,688			5,689		4		209			28,190			1,935
U.S. credit card	88,201		85,163			3,038		—		—			—			—
Non-U.S. credit card	10,244		—			—		—		—			—			10,244
Direct/Indirect consumer	85,975		41,860			43,469		4		(13		)	—			655
Other consumer	1,980		1,367			5		1		(1		)	1			607
Total consumer	459,906		189,543			106,478		14		195			29,056			134,620
Commercial
U.S. commercial	251,908		16,772			24,343		167,692		38,649			18			4,434
Commercial real estate	53,605		22			2,110		46,904		4,427			—			142
Commercial lease financing	25,425		—			4		26,486		311			—			(1,376		)
Non-U.S. commercial	91,997		—			233		68,947		22,810			—			7
Total commercial	422,935		16,794			26,690		310,029		66,197			18			3,207
Total loans and leases	$	882,841	$	206,337		$	133,168	$	310,043	$	66,392		$	29,074		$	137,827
	Second Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			Legacy Assets & Servicing			All  Other
Consumer
Residential mortgage	$	207,356	$	13,928		$	52,944	$	7	$	3		$	900		$	139,574
Home equity	82,640		44,662			5,919		4		206			29,977			1,872
U.S. credit card	87,460		84,385			3,075		—		—			—			—
Non-U.S. credit card	10,012		—			—		—		—			—			10,012
Direct/Indirect consumer	83,698		40,539			42,464		4		—			—			691
Other consumer	1,885		1,243			8		1		—			—			633
Total consumer	473,051		184,757			104,410		16		209			30,877			152,782
Commercial
U.S. commercial	244,540		16,923			23,608		162,580		36,993			20			4,416
Commercial real estate	50,478		24			2,049		44,066		4,173			—			166
Commercial lease financing	24,723		—			4		25,728		373			—			(1,382		)
Non-U.S. commercial	88,623		(1		)	199		68,241		20,160			—			24
Total commercial	408,364		16,946			25,860		300,615		61,699			20			3,224
Total loans and leases	$	881,415	$	201,703		$	130,270	$	300,631	$	61,908		$	30,897		$	156,006
	Third Quarter 2014
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			Legacy Assets & Servicing			All  Other
Consumer
Residential mortgage	$	235,272	$	7,523		$	49,610	$	6	$	—		$	950		$	177,183
Home equity	88,590		46,093			6,412		9		165			34,259			1,652
U.S. credit card	88,866		85,674			3,192		—		—			—			—
Non-U.S. credit card	11,784		—			—		—		—			—			11,784
Direct/Indirect consumer	82,669		39,763			38,555		4		17			—			4,330
Other consumer	2,110		1,042			5		1		—			(1		)	1,063
Total consumer	509,291		180,095			97,774		20		182			35,208			196,012
Commercial
U.S. commercial	230,891		17,247			21,283		150,918		36,894			30			4,519
Commercial real estate	46,069		31			1,797		41,818		2,201			—			222
Commercial lease financing	24,325		—			4		25,127		644			—			(1,450		)
Non-U.S. commercial	88,665		1			144		65,381		23,038			—			101
Total commercial	389,950		17,279			23,228		283,244		62,777			30			3,392
Total loans and leases	$	899,241	$	197,374		$	121,002	$	283,264	$	62,959		$	35,238		$	199,404

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
Commercial Credit Exposure by Industry (1, 2, 3)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	September 30 2015		June 30 2015		September 30 2014		September 30 2015			June 30 2015			September 30 2014
Diversified financials	$	75,761	$	68,976	$	68,739	$	119,248		$	114,441		$	112,957
Real estate (4)	60,927		58,006		51,006		82,983			78,965			70,739
Retailing	38,080		36,731		34,129		63,931			63,136			56,326
Capital goods	31,985		30,566		29,116		58,400			55,057			52,469
Healthcare equipment and services	33,478		33,232		32,415		56,728			50,548			55,847
Banking	44,302		42,764		42,772		51,638			48,942			48,204
Government and public education	43,969		43,055		41,648		51,425			50,582			48,786
Energy	21,779		22,473		20,338		46,089			47,341			41,454
Materials	23,753		24,382		23,378		45,943			46,661			43,443
Consumer services	23,091		21,635		21,486		36,215			34,310			34,067
Food, beverage and tobacco	17,867		17,796		15,460		35,221			35,664			33,897
Commercial services and supplies	18,550		19,132		18,808		32,056			31,892			30,819
Transportation	18,997		18,391		16,149		27,491			26,006			23,307
Utilities	11,071		11,161		9,528		26,751			25,601			25,772
Media	12,667		12,181		11,886		23,993			27,153			22,971
Individuals and trusts	17,467		17,614		16,107		22,538			22,375			20,238
Software and services	7,566		5,607		5,641		18,287			14,451			12,783
Pharmaceuticals and biotechnology	5,448		6,049		4,433		16,715			13,054			15,066
Technology hardware and equipment	6,957		6,187		5,387		14,798			13,792			12,041
Consumer durables and apparel	5,907		6,110		5,690		10,657			10,633			10,015
Insurance, including monolines	4,587		4,404		5,023		10,611			10,154			11,169
Automobiles and components	4,108		4,799		3,768		10,492			10,185			9,420
Telecommunication services	4,373		3,934		3,702		9,953			9,990			9,008
Food and staples retailing	3,917		3,831		3,742		7,410			7,286			7,214
Religious and social organizations	4,718		4,700		4,978		6,269			6,257			6,586
Other	5,907		5,754		5,253		14,562			13,838			9,373
Total commercial credit exposure by industry	$	547,232	$	529,470	$	500,582	$	900,404		$	868,314		$	823,971
Net credit default protection purchased on total commitments (5)							$	(6,494	)	$	(5,584	)	$	(6,878	)

⁽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 $46.2 billion, $39.7 billion and $45.4 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $24.1 billion, $22.6 billion and $20.7 billion, which consists primarily of other marketable securities at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽²⁾  Total commercial utilized and total commercial committed exposure include loans and letters of credit accounted for under the fair value option and are comprised of loans outstanding of $5.2 billion, $5.7 billion and $6.1 billion and issued letters of credit at notional value of $240 million, $246 million and $518 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively. In addition, total commercial committed exposure includes unfunded loan commitments at notional value of $7.9 billion at both September 30, 2015 and June 30, 2015, and $8.5 billion at September 30, 2014.

⁽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. 37

Bank of America Corporation and Subsidiaries
Net Credit Default Protection by Maturity Profile (1)
	September 30 2015		June 30 2015
Less than or equal to one year	33	%	35	%
Greater than one year and less than or equal to five years	62		63
Greater than five years	5		2
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 in this table.

Net Credit Default Protection by Credit Exposure Debt Rating (1)
(Dollars in millions)
	September 30, 2015					June 30, 2015
Ratings (2, 3)	Net Notional (4)			Percent of Total		Net Notional (4)			Percent of Total
A	$	(959	)	14.8	%	$	(622	)	11.1	%
BBB	(2,368		)	36.5		(2,196		)	39.3
BB	(2,196		)	33.8		(1,908		)	34.2
B	(872		)	13.4		(762		)	13.6
CCC and below	(76		)	1.2		(70		)	1.3
NR (5)	(23		)	0.3		(26		)	0.5
Total net credit default protection	$	(6,494	)	100.0	%	$	(5,584	)	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. 38

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 September 30 2015		Hedges and Credit Default Protection (4)			Net Country Exposure at September 30 2015 (5)		Increase (Decrease) from June 30 2015
United Kingdom	$	28,155	$	13,745	$	8,315	$	5,498	$	55,713	$	(4,159	)	$	51,554	$	1,885
Canada	6,268		6,674		2,080		4,344		19,366		(1,136		)	18,230		404
Brazil	10,147		384		859		4,026		15,416		(253		)	15,163		(317		)
Japan	12,428		538		4,046		1,067		18,079		(3,099		)	14,980		(86		)
Germany	6,065		5,406		3,297		2,342		17,110		(4,546		)	12,564		(3,318		)
India	7,534		279		369		3,725		11,907		(274		)	11,633		1,079
China	9,875		625		679		1,311		12,490		(1,139		)	11,351		66
France	2,819		4,580		1,493		5,429		14,321		(3,621		)	10,700		(1,362		)
Hong Kong	7,469		295		1,391		656		9,811		(26		)	9,785		(29		)
Netherlands	3,007		3,028		864		2,465		9,364		(1,204		)	8,160		(64		)
Australia	3,256		2,868		780		1,559		8,463		(441		)	8,022		708
South Korea	4,134		991		1,009		2,225		8,359		(642		)	7,717		(272		)
Switzerland	2,876		3,168		454		680		7,178		(1,343		)	5,835		(1,257		)
Italy	2,714		1,486		1,627		1,249		7,076		(1,888		)	5,188		(300		)
Mexico	2,913		1,051		221		544		4,729		(316		)	4,413		940
Singapore	2,274		79		700		1,223		4,276		(54		)	4,222		(172		)
Israel	236		3,375		15		185		3,811		(20		)	3,791		3,313
Spain	2,098		581		281		1,029		3,989		(587		)	3,402		(302		)
Turkey	3,152		75		42		50		3,319		(131		)	3,188		133
United Arab Emirates	1,865		107		1,094		34		3,100		(110		)	2,990		113
Total top 20 non-U.S. countries exposure	$	119,285	$	49,335	$	29,616	$	39,641	$	237,877	$	(24,989	)	$	212,888	$	1,162

⁽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 $32.9 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 $102.5 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. 39

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	September 30 2015			June 30 2015			March 31 2015			December 31 2014			September 30 2014
Residential mortgage	$	5,242		$	5,985		$	6,421		$	6,889		$	8,118
Home equity	3,429			3,563			3,759			3,901			4,026
Direct/Indirect consumer	25			26			28			28			30
Other consumer	1			1			1			1			14
Total consumer	8,697			9,575			10,209			10,819			12,188
U.S. commercial	836			869			680			701			757
Commercial real estate	108			126			132			321			445
Commercial lease financing	17			19			16			3			7
Non-U.S. commercial	56			80			79			1			45
	1,017			1,094			907			1,026			1,254
U.S. small business commercial	85			78			89			87			98
Total commercial	1,102			1,172			996			1,113			1,352
Total nonperforming loans and leases	9,799			10,747			11,205			11,932			13,540
Foreclosed properties (1)	537			818			896			697			692
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	10,336		$	11,565		$	12,101		$	12,629		$	14,232
Fully-insured home loans past due 30 days or more and still accruing	$	10,467		$	11,871		$	12,743		$	14,617		$	16,280
Consumer credit card past due 30 days or more and still accruing	1,662			1,650			1,749			1,884			1,903
Other loans past due 30 days or more and still accruing	3,419			3,429			3,532			3,953			4,326
Total loans past due 30 days or more and still accruing (3, 5, 6)	$	15,548		$	16,950		$	18,024		$	20,454		$	22,509
Fully-insured home loans past due 90 days or more and still accruing	$	7,616		$	8,917		$	9,912		$	11,407		$	13,045
Consumer credit card past due 90 days or more and still accruing	799			828			883			961			935
Other loans past due 90 days or more and still accruing	203			195			173			286			609
Total loans past due 90 days or more and still accruing (3, 5, 6)	$	8,618		$	9,940		$	10,968		$	12,654		$	14,589
Nonperforming loans, leases and foreclosed properties/Total assets (7)	0.48		%	0.54		%	0.57		%	0.60		%	0.67		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (7)	1.17			1.31			1.39			1.45			1.61
Nonperforming loans and leases/Total loans and leases (7)	1.11			1.22			1.29			1.37			1.53
Commercial utilized reservable criticized exposure (8)	$	13,571		$	13,312		$	12,303		$	11,570		$	11,766
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (8)	2.94		%	2.97		%	2.85		%	2.74		%	2.79		%
Total commercial utilized criticized exposure/Commercial utilized exposure (8)	2.94			3.08			2.99			2.97			2.97

⁽¹⁾  Foreclosed property balances do not include properties insured by certain government-guaranteed loans, principally FHA-insured loans, that entered foreclosure of $1.3 billion, $1.3 billion, $1.2 billion, $1.1 billion and $1.1 billion at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, 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:	September 30 2015		June 30 2015		March 31 2015		December 31 2014		September 30 2014
Nonperforming loans held-for-sale	$	274	$	298	$	344	$	219	$	255
Nonperforming loans accounted for under the fair value option	321		339		380		392		436
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	49		72		86		102		101

⁽⁵⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $73 million, $42 million, $125 million, $475 million and $42 million at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, respectively, and loans held-for-sale past due 90 days or more and still accruing of $0, $0, $44 million, $249 million and $0 at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, respectively. At September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, there were $142 million, $141 million, $132 million, $147 million and $147 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 $7.2 billion, $7.6 billion, $8.5 billion, $8.7 billion and $8.2 billion at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, 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. 40

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	9,575		$	10,209		$	10,819		$	12,188		$	13,460
Additions to nonperforming loans and leases:
New nonperforming loans and leases	1,029			1,424			1,469			1,709			1,516
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(262		)	(289		)	(253		)	(310		)	(522		)
Sales	(447		)	(542		)	(371		)	(1,347		)	(957		)
Returns to performing status (2)	(722		)	(631		)	(867		)	(728		)	(810		)
Charge-offs (3)	(375		)	(484		)	(460		)	(533		)	(431		)
Transfers to foreclosed properties	(101		)	(112		)	(128		)	(160		)	(183		)
Transfers from loans held-for-sale	—			—			—			—			115
Total net reductions to nonperforming loans and leases	(878		)	(634		)	(610		)	(1,369		)	(1,272		)
Total nonperforming consumer loans and leases, end of period	8,697			9,575			10,209			10,819			12,188
Foreclosed properties	479			553			632			630			614
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	9,176		$	10,128		$	10,841		$	11,449		$	12,802
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,172		$	996		$	1,113		$	1,352		$	1,216
Additions to nonperforming loans and leases:
New nonperforming loans and leases	205			419			287			214			477
Advances	11			15			2			6			33
Reductions to nonperforming loans and leases:
Paydowns	(145		)	(103		)	(110		)	(202		)	(161		)
Sales	—			(65		)	(16		)	(81		)	(12		)
Return to performing status (5)	(47		)	(27		)	(24		)	(77		)	(80		)
Charge-offs	(93		)	(56		)	(51		)	(95		)	(116		)
Transfers to foreclosed properties	(1		)	(7		)	(205		)	(4		)	(5		)
Total net additions (reductions) to nonperforming loans and leases	(70		)	176			(117		)	(239		)	136
Total nonperforming commercial loans and leases, end of period	1,102			1,172			996			1,113			1,352
Foreclosed properties	58			265			264			67			78
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	1,160		$	1,437		$	1,260		$	1,180		$	1,430

⁽¹⁾  For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 40.

⁽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. 41

Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Third Quarter 2015					Second Quarter 2015					First Quarter 2015					Fourth Quarter 2014					Third Quarter 2014
Net Charge-offs	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage (3)	$	26		0.05	%	$	177		0.35	%	$	197		0.37	%	$	(259	)	(0.46	)%	$	53		0.09	%
Home equity	120			0.60		151			0.73		172			0.82		277			1.27		89			0.40
U.S. credit card	546			2.46		584			2.68		621			2.84		612			2.71		625			2.79
Non-U.S. credit card	47			1.83		51			2.03		44			1.80		52			1.90		67			2.26
Direct/Indirect consumer	25			0.12		24			0.11		34			0.17		44			0.21		34			0.17
Other consumer	57			11.21		33			7.00		49			10.88		68			13.31		56			10.48
Total consumer	821			0.71		1,020			0.87		1,117			0.95		794			0.64		924			0.72
U.S. commercial (4)	52			0.09		(1		)	—		7			0.01		19			0.04		58			0.11
Commercial real estate	(10		)	(0.08	)	(4		)	(0.03	)	5			0.04		(8		)	(0.07	)	(6		)	(0.05	)
Commercial lease financing	3			0.06		—			—		5			0.09		1			0.02		(3		)	(0.05	)
Non-U.S. commercial	9			0.04		2			0.01		(2		)	(0.01	)	2			0.01		1			—
	54			0.05		(3		)	—		15			0.02		14			0.02		50			0.05
U.S. small business commercial	57			1.72		51			1.56		62			1.90		71			2.10		69			2.03
Total commercial	111			0.11		48			0.05		77			0.08		85			0.09		119			0.12
Total net charge-offs	$	932		0.42		$	1,068		0.49		$	1,194		0.56		$	879		0.40		$	1,043		0.46
By Business Segment
Consumer Banking	$	715		1.37	%	$	726		1.44	%	$	806		1.64	%	$	832		1.66	%	$	815		1.64	%
Global Wealth & Investment Management	17			0.05		17			0.05		18			0.06		36			0.12		6			0.02
Global Banking	53			0.07		(2		)	—		6			0.01		2			—		52			0.07
Legacy Assets & Servicing	74			1.05		99			1.32		122			1.56		199			2.40		42			0.48
All Other	73			0.21		228			0.59		242			0.59		(190		)	(0.41	)	128			0.26
Total net charge-offs	$	932		0.42		$	1,068		0.49		$	1,194		0.56		$	879		0.40		$	1,043		0.46

⁽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 0.43, 0.50, 0.57, 0.41 and 0.48 for the three months ended September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, respectively.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $148 million, $290 million, $288 million, $13 million and $246 million for the three months ended September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, 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 0.49, 0.62, 0.70, 0.40 and 0.57 for the three months ended September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, respectively.

⁽³⁾  Includes nonperforming loan sales recoveries and other recoveries of $57 million, $22 million, $40 million, $314 million and $39 million for the three months ended September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014, respectively.

⁽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. 42

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Nine Months Ended September 30
	2015					2014
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage (3)	$	400		0.26	%	$	145		0.08	%
Home equity	443			0.72		630			0.93
U.S. credit card	1,751			2.66		2,026			3.05
Non-U.S. credit card	142			1.88		190			2.17
Direct/Indirect consumer	83			0.13		125			0.20
Other consumer	139			9.72		161			10.58
Total consumer	2,958			0.84		3,277			0.85
U.S. commercial (4)	58			0.03		69			0.04
Commercial real estate	(9		)	(0.02	)	(75		)	(0.21	)
Commercial lease financing	8			0.04		(10		)	(0.05	)
Non-U.S. commercial	9			0.01		32			0.05
	66			0.02		16			0.01
U.S. small business commercial	170			1.73		211			2.11
Total commercial	236			0.08		227			0.08
Total net charge-offs	$	3,194		0.49		$	3,504		0.52
By Business Segment
Consumer Banking	$	2,247		1.48	%	$	2,665		1.81	%
Global Wealth & Investment Management	52			0.05		35			0.04
Global Banking	57			0.03		29			0.01
Global Markets	—			—		2			0.01
Legacy Assets & Servicing	295			1.32		428			1.60
All Other	543			0.48		345			0.22
Total net charge-offs	$	3,194		0.49		$	3,504		0.52

⁽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 0.50 and 0.53 for the nine months ended September 30, 2015 and 2014.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $726 million and $797 million for the nine months ended September 30, 2015 and 2014. 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 0.60 and 0.64 for the nine months ended September 30, 2015 and 2014.

⁽³⁾  Includes nonperforming loan sales recoveries and other recoveries of $119 million and $224 million for the nine months ended September 30, 2015 and 2014.

⁽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. 43

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	September 30, 2015						June 30, 2015						September 30, 2014
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)
Residential mortgage	$	1,755	13.87	%	0.93	%	$	1,997	15.28	%	1.00	%	$	3,022	20.01	%	1.34	%
Home equity	2,645		20.90		3.39		2,744		21.00		3.39		3,454		22.87		3.95
U.S. credit card	2,973		23.49		3.37		3,060		23.42		3.46		3,395		22.47		3.81
Non-U.S. credit card	299		2.36		2.97		339		2.59		3.30		388		2.57		3.39
Direct/Indirect consumer	234		1.85		0.27		254		1.94		0.30		331		2.19		0.40
Other consumer	46		0.36		2.33		49		0.37		2.45		84		0.55		3.90
Total consumer	7,952		62.83		1.75		8,443		64.60		1.81		10,674		70.66		2.14
U.S. commercial (3)	2,749		21.72		1.07		2,694		20.62		1.08		2,587		17.12		1.13
Commercial real estate	1,084		8.56		1.95		1,041		7.97		1.99		1,030		6.82		2.19
Commercial lease financing	160		1.26		0.62		157		1.20		0.62		157		1.04		0.64
Non-U.S. commercial	712		5.63		0.80		733		5.61		0.84		658		4.36		0.78
Total commercial (4)	4,705		37.17		1.10		4,625		35.40		1.12		4,432		29.34		1.15
Allowance for loan and lease losses	12,657		100.00	%	1.44		13,068		100.00	%	1.49		15,106		100.00	%	1.71
Reserve for unfunded lending commitments	661						588						529
Allowance for credit losses	$	13,318					$	13,656					$	15,635
Asset Quality Indicators
Allowance for loan and lease losses/Total loans and leases (2)			1.44	%					1.49	%					1.71	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) (2, 5)			1.36						1.39						1.57
Allowance for loan and lease losses/Total nonperforming loans and leases (6)			129						122						112
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (5)			120						111						100
Ratio of the allowance for loan and lease losses/Annualized net charge-offs (7)			3.42						3.05						3.65
Ratio of the allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Annualized net charge-offs (5, 7)			3.18						2.79						3.27
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs			2.95						2.40						2.95

⁽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 $1.7 billion, $1.8 billion and $2.0 billion and home equity loans of $225 million, $208 million and $179 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $2.2 billion, $2.3 billion and $1.3 billion and non-U.S. commercial loans of $3.0 billion, $3.4 billion and $4.8 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽²⁾  Total loans and leases do not include loans accounted for under the fair value option of $7.2 billion, $7.6 billion and $8.2 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽³⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $520 million, $525 million and $530 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁴⁾  Includes allowance for loan and lease losses for impaired commercial loans of $154 million, $156 million and $188 million at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁵⁾  Excludes valuation allowance on purchased credit-impaired loans of $886 million, $1.1 billion and $1.6 billion at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁶⁾  Allowance for loan and lease losses includes $4.7 billion, $5.1 billion and $6.0 billion allocated to products (primarily the Consumer Lending portfolios within Consumer Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at September 30, 2015, June 30, 2015 and September 30, 2014, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 81 percent, 75 percent and 67 percent at September 30, 2015, June 30, 2015 and September 30, 2014, respectively.

⁽⁷⁾  Net charge-offs exclude $148 million, $290 million and $246 million of write-offs in the purchased credit-impaired loan portfolio at September 30, 2015, June 30, 2015 and September 30, 2014. 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. 44

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 periodically reviews capital allocated to its businesses and allocates capital annually during the strategic and capital planning processes. We utilize 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, risk-weighted assets measured under Basel 3 Standardized and Advanced approaches, business segment exposures and risk profile, and strategic plans. As part of this process, in 2015, the Corporation adjusted the amount of capital being allocated to its business segments, primarily Legacy Assets & Servicing.

See the tables below and on pages 46-48 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the nine months ended September 30, 2015 and 2014 and the three months ended September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014. 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.

	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	29,450		$	30,317		$	9,511		$	10,488		$	9,451		$	9,635		$	10,219
Fully taxable-equivalent adjustment	678			639			231			228			219			230			225
Net interest income on a fully taxable-equivalent basis	$	30,128		$	30,956		$	9,742		$	10,716		$	9,670		$	9,865		$	10,444
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	$	64,001		$	65,522		$	20,682		$	22,117		$	21,202		$	18,725		$	21,209
Fully taxable-equivalent adjustment	678			639			231			228			219			230			225
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	64,679		$	66,161		$	20,913		$	22,345		$	21,421		$	18,955		$	21,434
Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	5,145		$	762		$	1,561		$	2,199		$	1,385		$	1,260		$	663
Fully taxable-equivalent adjustment	678			639			231			228			219			230			225
Income tax expense on a fully taxable-equivalent basis	$	5,823		$	1,401		$	1,792		$	2,427		$	1,604		$	1,490		$	888
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	228,609		$	222,598		$	231,620		$	228,780		$	225,357		$	224,479		$	222,374
Goodwill	(69,775		)	(69,818		)	(69,774		)	(69,775		)	(69,776		)	(69,782		)	(69,792		)
Intangible assets (excluding mortgage servicing rights)	(4,307		)	(5,232		)	(4,099		)	(4,307		)	(4,518		)	(4,747		)	(4,992		)
Related deferred tax liabilities	1,885			2,114			1,811			1,885			1,959			2,019			2,077
Tangible common shareholders' equity	$	156,412		$	149,662		$	159,558		$	156,583		$	153,022		$	151,969		$	149,667
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	250,260		$	236,806		$	253,893		$	251,054		$	245,744		$	243,454		$	238,040
Goodwill	(69,775		)	(69,818		)	(69,774		)	(69,775		)	(69,776		)	(69,782		)	(69,792		)
Intangible assets (excluding mortgage servicing rights)	(4,307		)	(5,232		)	(4,099		)	(4,307		)	(4,518		)	(4,747		)	(4,992		)
Related deferred tax liabilities	1,885			2,114			1,811			1,885			1,959			2,019			2,077
Tangible shareholders' equity	$	178,063		$	163,870		$	181,831		$	178,857		$	173,409		$	170,944		$	165,333

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

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	233,632		$	220,768		$	233,632		$	229,386		$	227,915		$	224,162		$	220,768
Goodwill	(69,761		)	(69,784		)	(69,761		)	(69,775		)	(69,776		)	(69,777		)	(69,784		)
Intangible assets (excluding mortgage servicing rights)	(3,973		)	(4,849		)	(3,973		)	(4,188		)	(4,391		)	(4,612		)	(4,849		)
Related deferred tax liabilities	1,762			2,019			1,762			1,813			1,900			1,960			2,019
Tangible common shareholders' equity	$	161,660		$	148,154		$	161,660		$	157,236		$	155,648		$	151,733		$	148,154
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	255,905		$	238,681		$	255,905		$	251,659		$	250,188		$	243,471		$	238,681
Goodwill	(69,761		)	(69,784		)	(69,761		)	(69,775		)	(69,776		)	(69,777		)	(69,784		)
Intangible assets (excluding mortgage servicing rights)	(3,973		)	(4,849		)	(3,973		)	(4,188		)	(4,391		)	(4,612		)	(4,849		)
Related deferred tax liabilities	1,762			2,019			1,762			1,813			1,900			1,960			2,019
Tangible shareholders' equity	$	183,933		$	166,067		$	183,933		$	179,509		$	177,921		$	171,042		$	166,067
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,153,006		$	2,123,613		$	2,153,006		$	2,149,034		$	2,143,545		$	2,104,534		$	2,123,613
Goodwill	(69,761		)	(69,784		)	(69,761		)	(69,775		)	(69,776		)	(69,777		)	(69,784		)
Intangible assets (excluding mortgage servicing rights)	(3,973		)	(4,849		)	(3,973		)	(4,188		)	(4,391		)	(4,612		)	(4,849		)
Related deferred tax liabilities	1,762			2,019			1,762			1,813			1,900			1,960			2,019
Tangible assets	$	2,081,034		$	2,050,999		$	2,081,034		$	2,076,884		$	2,071,278		$	2,032,105		$	2,050,999

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

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014
	2015			2014
Reconciliation of return on average allocated capital(1)
Consumer Banking
Reported net income	$	4,940		$	4,781		$	1,759		$	1,706		$	1,475		$	1,654		$	1,669
Adjustment related to intangibles (2)	3			3			1			1			1			1			1
Adjusted net income	$	4,943		$	4,784		$	1,760		$	1,707		$	1,476		$	1,655		$	1,670
Average allocated equity (3)	$	59,330		$	60,401		$	59,312		$	59,330		$	59,347		$	60,366		$	60,385
Adjustment related to goodwill and a percentage of intangibles	(30,330		)	(30,401		)	(30,312		)	(30,330		)	(30,347		)	(30,366		)	(30,385		)
Average allocated capital	$	29,000		$	30,000		$	29,000		$	29,000		$	29,000		$	30,000		$	30,000
Global Wealth & Investment Management
Reported net income	$	1,995		$	2,264		$	656		$	689		$	650		$	705		$	812
Adjustment related to intangibles (2)	9			10			3			3			3			3			3
Adjusted net income	$	2,004		$	2,274		$	659		$	692		$	653		$	708		$	815
Average allocated equity (3)	$	22,135		$	22,223		$	22,132		$	22,106		$	22,168		$	22,186		$	22,204
Adjustment related to goodwill and a percentage of intangibles	(10,135		)	(10,223		)	(10,132		)	(10,106		)	(10,168		)	(10,186		)	(10,204		)
Average allocated capital	$	12,000		$	12,000		$	12,000		$	12,000		$	12,000		$	12,000		$	12,000
Global Banking
Reported net income	$	3,895		$	4,249		$	1,277		$	1,251		$	1,367		$	1,520		$	1,521
Adjustment related to intangibles (2)	1			1			1			—			—			—			—
Adjusted net income	$	3,896		$	4,250		$	1,278		$	1,251		$	1,367		$	1,520		$	1,521
Average allocated equity (3)	$	58,934		$	57,432		$	58,947		$	58,978		$	58,877		$	57,420		$	57,421
Adjustment related to goodwill and a percentage of intangibles	(23,934		)	(23,932		)	(23,947		)	(23,978		)	(23,877		)	(23,920		)	(23,921		)
Average allocated capital	$	35,000		$	33,500		$	35,000		$	35,000		$	35,000		$	33,500		$	33,500
Global Markets
Reported net income (loss)	$	2,944		$	2,780		$	1,008		$	992		$	944		$	(75	)	$	371
Adjustment related to intangibles (2)	9			7			5			2			2			2			2
Adjusted net income (loss)	$	2,953		$	2,787		$	1,013		$	994		$	946		$	(73	)	$	373
Average allocated equity (3)	$	40,405		$	39,394		$	40,351		$	40,432		$	40,432		$	39,395		$	39,401
Adjustment related to goodwill and a percentage of intangibles	(5,405		)	(5,394		)	(5,351		)	(5,432		)	(5,432		)	(5,395		)	(5,401		)
Average allocated capital	$	35,000		$	34,000		$	35,000		$	35,000		$	35,000		$	34,000		$	34,000

For footnotes see page 48.

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 (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2015			Second Quarter 2015			Third Quarter 2014
	2015			2014
Consumer Banking
Deposits
Reported net income	$	1,957		$	1,852		$	695		$	726		$	651
Adjustment related to intangibles (2)	—			—			—			—			—
Adjusted net income	$	1,957		$	1,852		$	695		$	726		$	651
Average allocated equity (3)	$	30,422		$	29,426		$	30,421		$	30,422		$	29,427
Adjustment related to goodwill and a percentage of intangibles	(18,422		)	(18,426		)	(18,421		)	(18,422		)	(18,427		)
Average allocated capital	$	12,000		$	11,000		$	12,000		$	12,000		$	11,000
Consumer Lending
Reported net income	$	2,983		$	2,929		$	1,064		$	980		$	1,018
Adjustment related to intangibles (2)	3			3			1			1			1
Adjusted net income	$	2,986		$	2,932		$	1,065		$	981		$	1,019
Average allocated equity (3)	$	28,907		$	30,975		$	28,891		$	28,907		$	30,958
Adjustment related to goodwill and a percentage of intangibles	(11,907		)	(11,975		)	(11,891		)	(11,907		)	(11,958		)
Average allocated capital	$	17,000		$	19,000		$	17,000		$	17,000		$	19,000

⁽¹⁾  There are no adjustments to reported net income (loss) or average allocated equity for Legacy Assets & Servicing.

⁽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. 48