• Pretax earnings up 17% to $7.3 billion
• Net income increased 7% to $5.0 billion and EPS
increased 8% to $0.41, compared to $4.6 billion
and $0.38, respectively
• Loan balances up $23 billion, or 3%, to $905 billion
• Deposit balances up $71 billion, or 6%, to $1.23
trillion
Key Performance Metrics
• Return on average assets 0.90%; return on
average common equity 7.3%; return on average
tangible common equity 10.3%(D)
• Book value per share increased 8% to $24.19;
tangible book value per share(D) increased 11% to
$17.14
• Repurchased $1.4 billion in common stock and
paid $0.8 billion in common stock dividends
• Total client balances of nearly $2.5
trillion
• Loans up $9.2 billion; deposits up $6.8
billion
• Pretax margin improved to 25%
• Long-term AUM flows of $10.2 billion
• Loans up $20.5 billion; deposits up $3.4
billion
• Total Corporate Investment Banking fees
up 13% to $1.5 billion
• Participated in all of the top 10 debt underwriting deals(B)
• Sales and trading revenue up 14%
– Fixed income up 32%
– Equities down 17%
• Excluding net DVA, sales and trading revenue up 18%(C)
– Fixed income up 39%(C)
– Equities down 17%(C)
Bank of America Reports Q3-16 Net Income of $5.0 Billion, EPS of $0.41
Revenue Increased 3% to $21.6 billion; Noninterest Expense Declined 3% to $13.5 billion
“We delivered strong results this quarter by staying true to our strategy of
responsible growth and focusing on the quality of the relationships with our
customers and clients. We grew revenue, reduced expenses and continued to
manage risk, resulting in a 17 percent increase in pretax earnings. Our
investments in innovation, including industry-leading digital banking
capabilities, continue to transform how we serve our customers. This
innovation across our businesses is benefiting customers and shareholders.”
— Brian Moynihan, Chief Executive Officer
Balance Sheet Highlights ($ in billions, at end of period)

Total assets $2,195.3 $2,187.0 $2,153.0
Total loans and leases 905.0 903.2 882.1
Total deposits 1,232.9 1,216.1 1,162.0
Global Liquidity Sources(E) 522.0 515.0 499.0
Common equity tier 1 (CET1) ratio (transition) 11.0% 10.6% 11.6%
CET1 ratio (fully phased-in)(F) 10.9% 10.5% 11.0%

Effective July 1, 2016, Bank of America changed its accounting method for the amortization of premiums and accretion of discounts related to certain debt securities carried at fair value and held-to-maturity under
FASB Accounting Standards Codification (ASC) 310-20, Nonrefundable fees and other costs (formerly known as SFAS 91), from the prepayment method (also referred to as the retrospective method) to the
contractual method. All periods presented have been updated to reflect this change in accounting method.
1 Financial Highlights and Business Segment Highlights compare to the year-ago quarter unless noted. Loan and deposit balances are shown on an end-of-period basis.
2 Combined consumer credit/debit spending, including GWIM, excludes the impact of portfolio divestitures. Including divestitures, combined spending was up 2%.

see and read more on
http://newsroom.bankofamerica.com/files/doc_library/additional/Q3_2016_Financial_Results_Press_Release.pdf