Bank of America (BAC) 8-K Quarterly Information for 2016 and 2015

Revised Supplemental Information

to Reflect Segment Realignment

Full Years 2015 and 2014

Quarterly Information for 2016 and 2015

This information is preliminary and based on company data available at the time of this Form 8-K filing. 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.

Bank of America Corporation and Subsidiaries
Table of Contents	Page
Quarterly Results by Business Segment and All Other	2
Annual Results by Business Segment and All Other	5
Consumer Banking
Total Segment Results	6
Business Results	7
Key Indicators	11
Global Wealth & Investment Management (GWIM)
Total Segment Results	13
Key Indicators	14
Global Banking
Total Segment Results	15
Key Indicators	16
Global Markets
Total Segment Results	17
Key Indicators	18
All Other
Total Results	19
Quarterly Average Loans and Leases by Business Segment and All Other	20
Net Charge-offs and Net Charge-off Ratios	22

Description of Segment Realignment

From time to time, Bank of America Corporation (the Corporation) has indicated that it may reclassify its business segment results based on, among other things, changes in its organizational alignment. In the Corporation's Annual Report on Form 10-K for the year ended December 31, 2015, the Corporation reported its results of operations through five business segments: Consumer Banking, Global Wealth & Investment Management,Global Banking, Global Markets and Legacy Assets & Servicing, with the remaining operations recorded in All Other. Effective April 1, 2016, to align the segments with how we now manage the businesses, the Corporation changed its basis of presentation by eliminating the Legacy Assets & Servicing segment, and following such change, we report our results of operations through the following four business segments: Consumer Banking, Global Wealth & Investment Management,Global Banking and Global Markets, with the remaining operations recorded in All Other.

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	First Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets		All Other
Net interest income (FTE basis)	$	9,386	$	5,272	$	1,488	$	2,481		$	1,180	$	(1,035	)
Card income	1,430		1,211		48		117			10		44
Service charges	1,837		997		19		745			72		4
Investment and brokerage services	3,182		69		2,536		16			568		(7		)
Investment banking income (loss)	1,153		1		73		636			494		(51		)
Trading account profits (losses)	1,662		—		36		(2		)	1,595		33
Mortgage banking income	433		190		1		—			—		242
Gains on sales of debt securities	226		—		—		—			—		226
Other income (loss)	418		61		243		397			28		(311		)
Total noninterest income	10,341		2,529		2,956		1,909			2,767		180
Total revenue, net of interest expense (FTE basis)	19,727		7,801		4,444		4,390			3,947		(855		)
Provision for credit losses	997		531		25		553			9		(121		)
Noninterest expense	14,816		4,538		3,275		2,171			2,450		2,382
Income (loss) before income taxes (FTE basis)	3,914		2,732		1,144		1,666			1,488		(3,116		)
Income tax expense (benefit) (FTE basis)	1,234		1,003		420		612			518		(1,319		)
Net income (loss)	$	2,680	$	1,729	$	724	$	1,054		$	970	$	(1,797	)
Average
Total loans and leases	$	892,984	$	237,908	$	139,099	$	324,531		$	69,283	$	122,163
Total assets (1)	2,173,618		646,523		295,711		387,640			581,226		262,518
Total deposits	1,198,455		578,196		260,482		297,134			35,886		26,757
Period end
Total loans and leases	$	901,113	$	240,591	$	139,690	$	329,485		$	73,446	$	117,901
Total assets (1)	2,185,498		666,298		296,200		390,586			581,150		251,264
Total deposits	1,217,261		597,800		260,565		298,072			34,403		26,421
	Fourth Quarter 2015
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets		All Other
Net interest income (FTE basis)	$	9,982	$	5,163	$	1,417	$	2,385		$	1,126	$	(109	)
Card income	1,578		1,313		46		139			19		61
Service charges	1,862		1,045		18		730			64		5
Investment and brokerage services	3,236		66		2,638		20			518		(6		)
Investment banking income (loss)	1,272		1		50		729			532		(40		)
Trading account profits	963		—		44		34			797		88
Mortgage banking income	262		216		2		—			1		43
Gains on sales of debt securities	270		—		—		1			—		269
Other income (loss)	468		141		234		452			55		(414		)
Total noninterest income	9,911		2,782		3,032		2,105			1,986		6
Total revenue, net of interest expense (FTE basis)	19,893		7,945		4,449		4,490			3,112		(103		)
Provision for credit losses	810		684		15		233			30		(152		)
Noninterest expense	14,010		4,638		3,497		2,086			2,767		1,022
Income (loss) before income taxes (FTE basis)	5,073		2,623		937		2,171			315		(973		)
Income tax expense (benefit) (FTE basis)	1,737		929		332		800			148		(472		)
Net income (loss)	$	3,336	$	1,694	$	605	$	1,371		$	167	$	(501	)
Average
Total loans and leases	$	886,156	$	235,498	$	137,022	$	314,599		$	68,835	$	130,202
Total assets (1)	2,180,472		630,973		285,329		381,887			586,606		295,677
Total deposits	1,186,051		563,745		251,306		307,806			37,175		26,019
Period end
Total loans and leases	$	896,983	$	238,851	$	139,039	$	319,580		$	73,208	$	126,305
Total assets (1)	2,144,316		645,427		296,271		381,975			548,790		271,853
Total deposits	1,197,259		577,832		260,893		296,162			37,038		25,334
For footnote see page 4.
Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

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

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Third Quarter 2015
	Total Corporation		Consumer Banking			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	9,697	$	5,122		$	1,374		$	2,294	$	1,096		$	(189	)
Card income	1,510		1,249			44			132		18			67
Service charges	1,898		1,057			18			746		73			4
Investment and brokerage services	3,336		69			2,682			11		574			—
Investment banking income (loss)	1,287		(1		)	55			752		521			(40		)
Trading account profits	1,616		—			43			100		1,471			2
Mortgage banking income	407		290			2			—		—			115
Gains on sales of debt securities	385		—			—			—		1			384
Other income (loss)	603		225			248			280		(1		)	(149		)
Total noninterest income	11,042		2,889			3,092			2,021		2,657			383
Total revenue, net of interest expense (FTE basis)	20,739		8,011			4,466			4,315		3,753			194
Provision for credit losses	806		523			(2		)	179		42			64
Noninterest expense	13,940		4,711			3,467			2,161		2,698			903
Income (loss) before income taxes (FTE basis)	5,993		2,777			1,001			1,975		1,013			(773		)
Income tax expense (benefit) (FTE basis)	1,672		1,001			359			709		212			(609		)
Net income (loss)	$	4,321	$	1,776		$	642		$	1,266	$	801		$	(164	)
Average
Total loans and leases	$	877,429	$	233,103		$	134,319		$	304,621	$	66,349		$	139,037
Total assets (1)	2,168,993		623,324			274,272			370,246		594,142			307,009
Total deposits	1,159,231		555,987			243,980			296,321		36,818			26,125
Period end
Total loans and leases	$	882,076	$	234,995		$	135,805		$	309,500	$	70,159		$	131,617
Total assets (1)	2,153,006		625,158			279,237			372,253		576,461			299,897
Total deposits	1,162,009		557,626			246,172			297,644		35,943			24,624
	Second Quarter 2015
	Total Corporation		Consumer Banking			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,684	$	5,043		$	1,352		$	2,170	$	988		$	1,131
Card income	1,477		1,207			41			128		36			65
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		)
Trading account profits (losses)	1,647		—			53			20		1,703			(129		)
Mortgage banking income	1,001		359			3			—		—			639
Gains (losses) on sales of debt securities	168		—			(1		)	—		7			162
Other income (loss)	432		47			267			399		(131		)	(150		)
Total noninterest income	11,495		2,714			3,215			2,066		2,962			538
Total revenue, net of interest expense (FTE basis)	22,179		7,757			4,567			4,236		3,950			1,669
Provision for credit losses	780		470			15			177		6			112
Noninterest expense	13,958		4,637			3,485			2,086		2,748			1,002
Income before income taxes (FTE basis)	7,441		2,650			1,067			1,973		1,196			555
Income tax expense (benefit) (FTE basis)	2,307		988			398			737		410			(226		)
Net income	$	5,134	$	1,662		$	669		$	1,236	$	786		$	781
Average
Total loans and leases	$	876,178	$	230,704		$	131,364		$	295,405	$	61,819		$	156,886
Total assets (1)	2,151,966		620,355			268,908			361,867		599,985			300,851
Total deposits	1,146,789		552,973			239,974			288,117		39,051			26,674
Period end
Total loans and leases	$	881,196	$	232,271		$	133,499		$	301,558	$	65,962		$	147,906
Total assets (1)	2,149,034		621,883			267,099			367,052		578,052			314,948
Total deposits	1,149,560		554,204			237,624			292,261		38,751			26,720
For footnote see page 4.
Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

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

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	First Quarter 2015
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	9,626	$	5,003	$	1,343	$	2,201	$	973		$	106
Card income	1,394		1,168		49		100		9			68
Service charges	1,764		966		18		710		65			5
Investment and brokerage services	3,378		65		2,723		18		573			(1		)
Investment banking income (loss)	1,487		—		72		852		630			(67		)
Trading account profits (losses)	2,247		—		55		62		2,138			(8		)
Mortgage banking income	694		467		2		—		—			225
Gains on sales of debt securities	268		1		1		—		2			264
Other income (loss)	271		44		247		443		(199		)	(264		)
Total noninterest income	11,503		2,711		3,167		2,185		3,218			222
Total revenue, net of interest expense (FTE basis)	21,129		7,714		4,510		4,386		4,191			328
Provision for credit losses	765		669		23		96		21			(44		)
Noninterest expense	15,827		4,730		3,489		2,148		3,160			2,300
Income (loss) before income taxes (FTE basis)	4,537		2,315		998		2,142		1,010			(1,928		)
Income tax expense (benefit) (FTE basis)	1,440		859		370		795		345			(929		)
Net income (loss)	$	3,097	$	1,456	$	628	$	1,347	$	665		$	(999	)
Average
Total loans and leases	$	867,169	$	230,359	$	127,162	$	284,284	$	56,601		$	168,763
Total assets (1)	2,138,574		605,806		275,200		361,771		595,592			300,205
Total deposits	1,130,726		538,487		243,561		286,434		39,287			22,957
Period end
Total loans and leases	$	872,750	$	230,213	$	128,623	$	290,298	$	62,627		$	160,989
Total assets (1)	2,143,545		624,689		272,848		365,024		584,192			296,792
Total deposits	1,153,168		557,163		244,080		290,422		38,214			23,289

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

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

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

Bank of America Corporation and Subsidiaries
Annual Results by Business Segment and All Other (1)
(Dollars in millions)
	Year Ended December 31, 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	39,989	$	20,331		$	5,486	$	9,050	$	4,183		$	939
Card income	5,959		4,937			181		499		82			260
Service charges	7,381		4,101			73		2,914		275			18
Investment and brokerage services	13,337		268			10,792		64		2,221			(8		)
Investment banking income (loss)	5,572		—			261		3,110		2,401			(200		)
Trading account profits (losses)	6,473		—			195		216		6,109			(47		)
Mortgage banking income	2,364		1,332			9		—		1			1,022
Gains on sales of debt securities	1,091		1			—		1		10			1,079
Other income (loss)	1,774		457			995		1,573		(276		)	(975		)
Total noninterest income	43,951		11,096			12,506		8,377		10,823			1,149
Total revenue, net of interest expense (FTE basis)	83,940		31,427			17,992		17,427		15,006			2,088
Provision for credit losses	3,161		2,346			51		685		99			(20		)
Noninterest expense	57,735		18,716			13,938		8,481		11,373			5,227
Income (loss) before income taxes (FTE basis)	23,044		10,365			4,003		8,261		3,534			(3,119		)
Income tax expense (benefit) (FTE basis)	7,156		3,777			1,459		3,041		1,115			(2,236		)
Net income (loss)	$	15,888	$	6,588		$	2,544	$	5,220	$	2,419		$	(883	)
Average
Total loans and leases (1)	$	876,787	$	232,432		$	132,499	$	299,824	$	63,443		$	148,589
Total assets (2)	2,160,141		620,192			275,950		369,001		594,057			300,941
Total deposits	1,155,860		552,876			244,725		294,733		38,074			25,452
Period end
Total loans and leases (1)	$	896,983	$	238,851		$	139,039	$	319,580	$	73,208		$	126,305
Total assets (2)	2,144,316		645,427			296,271		381,975		548,790			271,853
Total deposits	1,197,259		577,832			260,893		296,162		37,038			25,334
	Year Ended December 31, 2014
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	40,640	$	20,742		$	5,813	$	9,586	$	3,848		$	651
Card income	5,944		4,843			204		456		84			357
Service charges	7,443		4,160			76		2,901		281			25
Investment and brokerage services	13,284		251			10,722		69		2,205			37
Investment banking income (loss)	6,065		(1		)	323		3,213		2,743			(213		)
Trading account profits (losses)	6,309		—			179		124		6,027			(21		)
Mortgage banking income	1,563		1,394			8		—		1			160
Gains on sales of debt securities	1,354		2			1		—		10			1,341
Other income (loss)	3,035		389			1,060		1,751		928			(1,093		)
Total noninterest income	44,997		11,038			12,573		8,514		12,279			593
Total revenue, net of interest expense (FTE basis)	85,637		31,780			18,386		18,100		16,127			1,244
Provision for credit losses	2,275		2,470			14		322		110			(641		)
Noninterest expense	75,657		19,392			13,830		8,807		11,989			21,639
Income (loss) before income taxes (FTE basis)	7,705		9,918			4,542		8,971		4,028			(19,754		)
Income tax expense (benefit) (FTE basis)	2,872		3,698			1,694		3,292		1,440			(7,252		)
Net income (loss)	$	4,833	$	6,220		$	2,848	$	5,679	$	2,588		$	(12,502	)
Average
Total loans and leases (1)	$	898,703	$	233,508		$	120,687	$	281,304	$	61,750		$	201,454
Total assets (2)	2,145,590		588,413			267,575		362,273		604,198			323,131
Total deposits	1,124,207		520,186			240,242		288,010		40,221			35,548
Period end
Total loans and leases (1)	$	876,104	$	234,243		$	126,432	$	283,584	$	58,996		$	172,849
Total assets (2)	2,104,534		599,066			274,954		353,637		576,552			300,325
Total deposits	1,118,936		530,641			245,391		279,792		40,665			22,447

⁽¹⁾  Beginning in the first quarter of 2016, the Corporation classifies certain leases in other assets on the Consolidated Balance Sheet. Previously these leases were classified in loans and leases. Additionally, amounts related to these leases were reclassified from net interest income to other income and noninterest expense on the Consolidated Statement of Income. Prior periods were reclassified to conform to current period presentation.

⁽²⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Net interest income (FTE basis)	$	20,331		$	20,742		$	5,272		$	5,163		$	5,122		$	5,043		$	5,003
Noninterest income:
Card income	4,937			4,843			1,211			1,313			1,249			1,207			1,168
Service charges	4,101			4,160			997			1,045			1,057			1,033			966
Mortgage banking income	1,332			1,394			190			216			290			359			467
All other income	726			641			131			208			293			115			110
Total noninterest income	11,096			11,038			2,529			2,782			2,889			2,714			2,711
Total revenue, net of interest expense (FTE basis)	31,427			31,780			7,801			7,945			8,011			7,757			7,714
Provision for credit losses	2,346			2,470			531			684			523			470			669
Noninterest expense	18,716			19,392			4,538			4,638			4,711			4,637			4,730
Income before income taxes (FTE basis)	10,365			9,918			2,732			2,623			2,777			2,650			2,315
Income tax expense (FTE basis)	3,777			3,698			1,003			929			1,001			988			859
Net income	$	6,588		$	6,220		$	1,729		$	1,694		$	1,776		$	1,662		$	1,456
Net interest yield (FTE basis)	3.50		%	3.79		%	3.49		%	3.46		%	3.48		%	3.49		%	3.59		%
Return on average allocated capital (1)	20			18			20			20			21			20			18
Efficiency ratio (FTE basis)	59.55			61.02			58.18			58.37			58.80			59.78			61.32
Balance Sheet
Average
Total loans and leases	$	232,432		$	233,508		$	237,908		$	235,498		$	233,103		$	230,704		$	230,359
Total earning assets (2)	580,097			546,832			607,313			591,348			583,376			579,920			565,424
Total assets (2)	620,192			588,413			646,523			630,973			623,324			620,355			605,806
Total deposits	552,876			520,186			578,196			563,745			555,987			552,973			538,487
Allocated capital (1)	33,000			34,000			34,000			33,000			33,000			33,000			33,000
Period end
Total loans and leases	$	238,851		$	234,243		$	240,591		$	238,851		$	234,995		$	232,271		$	230,213
Total earning assets (2)	605,012			557,541			626,941			605,012			584,995			581,846			584,113
Total assets (2)	645,427			599,066			666,298			645,427			625,158			621,883			624,689
Total deposits	577,832			530,641			597,800			577,832			557,626			554,204			557,163

⁽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. Other companies may define or calculate these measures differently.

⁽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 segment information is preliminary and based on company data available at the time of this filing. 6

Bank of America Corporation and Subsidiaries
Consumer Banking Annual Results
(Dollars in millions)
	Year Ended December 31, 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	20,331		$	9,556		$	10,775
Noninterest income:
Card income	4,937			11			4,926
Service charges	4,101			4,100			1
Mortgage banking income	1,332			—			1,332
All other income	726			482			244
Total noninterest income	11,096			4,593			6,503
Total revenue, net of interest expense (FTE basis)	31,427			14,149			17,278
Provision for credit losses	2,346			200			2,146
Noninterest expense	18,716			9,855			8,861
Income before income taxes (FTE basis)	10,365			4,094			6,271
Income tax expense (FTE basis)	3,777			1,491			2,286
Net income	$	6,588		$	2,603		$	3,985
Net interest yield (FTE basis)	3.50		%	1.74		%	4.69		%
Return on average allocated capital (1)	20			22			19
Efficiency ratio (FTE basis)	59.55			69.65			51.28
Balance Sheet
Average
Total loans and leases	$	232,432		$	4,713		$	227,719
Total earning assets (2)	580,097			549,600			229,579
Total assets (2)	620,192			576,569			242,705
Total deposits	552,876			544,685			8,191
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	238,851		$	4,735		$	234,116
Total earning assets (2)	605,012			576,108			235,496
Total assets (2)	645,427			603,448			248,571
Total deposits	577,832			571,467			6,365
	Year Ended December 31, 2014
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	20,742		$	9,362		$	11,380
Noninterest income:
Card income	4,843			10			4,833
Service charges	4,160			4,159			1
Mortgage banking income	1,394			—			1,394
All other income	641			416			225
Total noninterest income	11,038			4,585			6,453
Total revenue, net of interest expense (FTE basis)	31,780			13,947			17,833
Provision for credit losses	2,470			268			2,202
Noninterest expense	19,392			10,026			9,366
Income before income taxes (FTE basis)	9,918			3,653			6,265
Income tax expense (FTE basis)	3,698			1,361			2,337
Net income	$	6,220		$	2,292		$	3,928
Net interest yield (FTE basis)	3.79		%	1.81		%	4.94		%
Return on average allocated capital (1)	18			21			17
Efficiency ratio (FTE basis)	61.02			71.88			52.52
Balance Sheet
Average
Total loans and leases	$	233,508		$	5,147		$	228,361
Total earning assets (2)	546,832			515,949			229,926
Total assets (2)	588,413			542,684			244,772
Total deposits	520,186			511,925			8,261
Allocated capital (1)	34,000			11,000			23,000
Period end
Total loans and leases	$	234,243		$	4,950		$	229,293
Total earning assets (2)	557,541			526,780			230,041
Total assets (2)	599,066			554,106			244,240
Total deposits	530,641			523,350			7,291

For footnotes see page 10.

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results
(Dollars in millions)
	First Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,272		$	2,645		$	2,627
Noninterest income:
Card income	1,211			3			1,208
Service charges	997			997			—
Mortgage banking income	190			—			190
All other income	131			115			16
Total noninterest income	2,529			1,115			1,414
Total revenue, net of interest expense (FTE basis)	7,801			3,760			4,041
Provision for credit losses	531			48			483
Noninterest expense	4,538			2,454			2,084
Income before income taxes (FTE basis)	2,732			1,258			1,474
Income tax expense (FTE basis)	1,003			462			541
Net income	$	1,729		$	796		$	933
Net interest yield (FTE basis)	3.49		%	1.85		%	4.51		%
Return on average allocated capital (1)	20			27			17
Efficiency ratio (FTE basis)	58.18			65.30			51.56
Balance Sheet
Average
Total loans and leases	$	237,908		$	4,732		$	233,176
Total earning assets (2)	607,313			576,633			234,362
Total assets (2)	646,523			603,429			246,776
Total deposits	578,196			571,461			6,735
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	240,591		$	4,737		$	235,854
Total earning assets (2)	626,941			596,058			236,962
Total assets (2)	666,298			622,783			249,594
Total deposits	597,800			590,829			6,971
	Fourth Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,163		$	2,496		$	2,667
Noninterest income:
Card income	1,313			2			1,311
Service charges	1,045			1,044			1
Mortgage banking income	216			—			216
All other income	208			129			79
Total noninterest income	2,782			1,175			1,607
Total revenue, net of interest expense (FTE basis)	7,945			3,671			4,274
Provision for credit losses	684			55			629
Noninterest expense	4,638			2,503			2,135
Income before income taxes (FTE basis)	2,623			1,113			1,510
Income tax expense (FTE basis)	929			396			533
Net income	$	1,694		$	717		$	977
Net interest yield (FTE basis)	3.46		%	1.76		%	4.56		%
Return on average allocated capital (1)	20			24			18
Efficiency ratio (FTE basis)	58.37			68.17			49.95
Balance Sheet
Average
Total loans and leases	$	235,498		$	4,652		$	230,846
Total earning assets (2)	591,348			561,149			232,245
Total assets (2)	630,973			587,982			245,037
Total deposits	563,745			556,064			7,681
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	238,851		$	4,735		$	234,116
Total earning assets (2)	605,012			576,108			235,496
Total assets (2)	645,427			603,448			248,571
Total deposits	577,832			571,467			6,365

For footnotes see page 10.

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
	Third Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,122		$	2,423		$	2,699
Noninterest income:
Card income	1,249			3			1,246
Service charges	1,057			1,057			—
Mortgage banking income	290			—			290
All other income	293			132			161
Total noninterest income	2,889			1,192			1,697
Total revenue, net of interest expense (FTE basis)	8,011			3,615			4,396
Provision for credit losses	523			58			465
Noninterest expense	4,711			2,500			2,211
Income before income taxes (FTE basis)	2,777			1,057			1,720
Income tax expense (FTE basis)	1,001			380			621
Net income	$	1,776		$	677		$	1,099
Net interest yield (FTE basis)	3.48		%	1.74		%	4.64		%
Return on average allocated capital (1)	21			22			21
Efficiency ratio (FTE basis)	58.80			69.17			50.28
Balance Sheet
Average
Total loans and leases	$	233,103		$	4,662		$	228,441
Total earning assets (2)	583,376			552,534			230,523
Total assets (2)	623,324			579,604			243,401
Total deposits	555,987			547,727			8,260
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	234,995		$	4,644		$	230,351
Total earning assets (2)	584,995			555,127			232,228
Total assets (2)	625,158			582,082			245,436
Total deposits	557,626			550,240			7,386
	Second Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,043		$	2,366		$	2,677
Noninterest income:
Card income	1,207			3			1,204
Service charges	1,033			1,033			—
Mortgage banking income	359			—			359
All other income	115			119			(4		)
Total noninterest income	2,714			1,155			1,559
Total revenue, net of interest expense (FTE basis)	7,757			3,521			4,236
Provision for credit losses	470			24			446
Noninterest expense	4,637			2,382			2,255
Income before income taxes (FTE basis)	2,650			1,115			1,535
Income tax expense (FTE basis)	988			415			573
Net income	$	1,662		$	700		$	962
Net interest yield (FTE basis)	3.49		%	1.73		%	4.71		%
Return on average allocated capital (1)	20			23			18
Efficiency ratio (FTE basis)	59.78			67.65			53.25
Balance Sheet
Average
Total loans and leases	$	230,704		$	4,694		$	226,010
Total earning assets (2)	579,920			549,060			228,124
Total assets (2)	620,355			576,247			241,372
Total deposits	552,973			544,341			8,632
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	232,271		$	4,712		$	227,559
Total earning assets (2)	581,846			551,507			229,860
Total assets (2)	621,883			578,048			243,356
Total deposits	554,204			546,173			8,031

For footnotes see page 10.

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
	First Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,003		$	2,271		$	2,732
Noninterest income:
Card income	1,168			3			1,165
Service charges	966			966			—
Mortgage banking income	467			—			467
All other income	110			102			8
Total noninterest income	2,711			1,071			1,640
Total revenue, net of interest expense (FTE basis)	7,714			3,342			4,372
Provision for credit losses	669			63			606
Noninterest expense	4,730			2,470			2,260
Income before income taxes (FTE basis)	2,315			809			1,506
Income tax expense (FTE basis)	859			300			559
Net income	$	1,456		$	509		$	947
Net interest yield (FTE basis)	3.59		%	1.72		%	4.87		%
Return on average allocated capital (1)	18			17			18
Efficiency ratio (FTE basis)	61.32			73.93			51.69
Balance Sheet
Average
Total loans and leases	$	230,359		$	4,845		$	225,514
Total earning assets (2)	565,424			535,341			227,360
Total assets (2)	605,806			562,125			240,958
Total deposits	538,487			530,290			8,197
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	230,213		$	4,758		$	225,455
Total earning assets (2)	584,113			553,380			228,390
Total assets (2)	624,689			580,166			242,180
Total deposits	557,163			548,309			8,854

⁽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. Other companies may define or calculate these measures differently.

⁽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.

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Average deposit balances
Checking	$	266,639		$	243,505		$	282,146		$	273,900		$	268,559		$	266,524		$	257,368
Savings	44,878			44,616			46,221			44,518			44,721			45,748			44,525
MMS	188,536			168,493			201,616			195,756			191,358			186,750			180,078
CDs and IRAs	50,085			60,766			45,451			46,791			48,644			51,178			53,820
Non-U.S. and other	2,738			2,806			2,762			2,780			2,705			2,773			2,696
Total average deposit balances	$	552,876		$	520,186		$	578,196		$	563,745		$	555,987		$	552,973		$	538,487
Deposit spreads (excludes noninterest costs)
Checking	1.99		%	2.02		%	1.98		%	1.98		%	1.99		%	1.99		%	1.98		%
Savings	2.30			2.31			2.28			2.29			2.29			2.29			2.31
MMS	1.23			1.18			1.24			1.24			1.23			1.22			1.23
CDs and IRAs	0.60			0.50			0.81			0.69			0.62			0.58			0.54
Non-U.S. and other	0.47			0.46			0.67			0.54			0.48			0.44			0.42
Total deposit spreads	1.62			1.59			1.65			1.63			1.62			1.61			1.60
Client brokerage assets	$	122,721		$	113,763		$	126,921		$	122,721		$	117,210		$	121,961		$	118,492
Online banking active accounts (units in thousands)	31,674			30,904			32,647			31,674			31,627			31,365			31,523
Mobile banking active users (units in thousands)	18,705			16,539			19,595			18,705			18,398			17,626			17,092
Financial centers	4,726			4,855			4,689			4,726			4,741			4,789			4,835
ATMs	16,038			15,834			16,003			16,038			16,062			15,992			15,903
Total U.S. credit card(1)
Loans
Average credit card outstandings	$	88,244		$	88,962		$	87,163		$	88,623		$	88,201		$	87,460		$	88,695
Ending credit card outstandings	89,602			91,879			86,403			89,602			88,339			88,403			87,288
Credit quality
Net charge-offs	$	2,314		$	2,638		$	587		$	563		$	546		$	584		$	621
	2.62		%	2.96		%	2.71		%	2.52		%	2.46		%	2.68		%	2.84		%
30+ delinquency	$	1,575		$	1,701		$	1,448		$	1,575		$	1,514		$	1,486		$	1,581
	1.76		%	1.85		%	1.68		%	1.76		%	1.71		%	1.68		%	1.81		%
90+ delinquency	$	789		$	866		$	743		$	789		$	721		$	742		$	795
	0.88		%	0.94		%	0.86		%	0.88		%	0.82		%	0.84		%	0.91		%
Other Total U.S. credit card indicators (1)
Gross interest yield	9.16		%	9.34		%	9.32		%	9.15		%	9.15		%	9.08		%	9.27		%
Risk adjusted margin	9.31			9.39			9.05			9.79			9.51			8.89			9.02
New accounts (in thousands)	4,973			4,541			1,208			1,260			1,257			1,295			1,161
Purchase volumes	$	221,378		$	212,088		$	51,154		$	58,752		$	56,472		$	55,976		$	50,178
Debit card data
Purchase volumes	$	277,695		$	272,576		$	69,147		$	70,755		$	69,288		$	70,754		$	66,898

For footnotes see page 12.

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators (continued)
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Loan production (2):
Total (3):
First mortgage	$	56,930		$	43,290		$	12,623		$	13,543		$	13,712		$	15,962		$	13,713
Home equity	13,060			11,233			3,805			3,494			3,140			3,209			3,217
Consumer Banking:
First mortgage	$	40,878		$	32,339		$	9,078		$	9,733		$	10,026		$	11,265		$	9,854
Home equity	11,988			10,286			3,515			3,192			2,840			2,939			3,017
Mortgage banking income
Consumer Banking mortgage banking income
Total production income	$	950		$	888		$	138		$	150		$	223		$	272		$	305
Servicing fees	855			1,045			184			201			204			208			242
Amortization of expected cash flows (4)	(661		)	(761		)	(154		)	(155		)	(159		)	(168		)	(179		)
Fair value changes of MSRs, net of risk management activities used to hedge certain market risks (5)	188			222			22			20			22			47			99
Total net servicing income	382			506			52			66			67			87			162
Total Consumer Banking mortgage banking income	1,332			1,394			190			216			290			359			467
Other mortgage banking income (6)
Other production income	107			74			94			48			34			25			—
Representations and warranties provision	28			(694		)	(44		)	(9		)	(77		)	204			(90		)
Servicing fees	538			764			118			123			109			152			154
Amortization of expected cash flows (4)	(77		)	(57		)	(18		)	(19		)	(20		)	(19		)	(19		)
Fair value changes of MSRs, net of risk management activities used to hedge certain market risks (5)	328			72			105			(31		)	62			146			151
Total net servicing income	789			779			205			73			151			279			286
Eliminations (7)	108			10			(12		)	(66		)	9			134			31
Total other mortgage banking income	1,032			169			243			46			117			642			227
Total consolidated mortgage banking income	$	2,364		$	1,563		$	433		$	262		$	407		$	1,001		$	694

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

⁽²⁾  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.

⁽³⁾  In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.

⁽⁴⁾  Represents the net change in fair value of the MSR asset due to the recognition of modeled cash flows.

⁽⁵⁾  Includes gains (losses) on sales of MSRs.

⁽⁶⁾  Amounts for other mortgage banking incomeare 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,and net gains or losses on intercompany trades related to mortgage servicing rights risk management.

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

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

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Net interest income (FTE basis)	$	5,486		$	5,813		$	1,488		$	1,417		$	1,374		$	1,352		$	1,343
Noninterest income:
Investment and brokerage services	10,792			10,722			2,536			2,638			2,682			2,749			2,723
All other income	1,714			1,851			420			394			410			466			444
Total noninterest income	12,506			12,573			2,956			3,032			3,092			3,215			3,167
Total revenue, net of interest expense (FTE basis)	17,992			18,386			4,444			4,449			4,466			4,567			4,510
Provision for credit losses	51			14			25			15			(2		)	15			23
Noninterest expense	13,938			13,830			3,275			3,497			3,467			3,485			3,489
Income before income taxes (FTE basis)	4,003			4,542			1,144			937			1,001			1,067			998
Income tax expense (FTE basis)	1,459			1,694			420			332			359			398			370
Net income	$	2,544		$	2,848		$	724		$	605		$	642		$	669		$	628
Net interest yield (FTE basis)	2.12		%	2.33		%	2.14		%	2.09		%	2.12		%	2.16		%	2.11		%
Return on average allocated capital (1)	21			24			22			20			21			22			21
Efficiency ratio (FTE basis)	77.47			75.22			73.71			78.62			77.64			76.31			77.36
Balance sheet
Average
Total loans and leases	$	132,499		$	120,687		$	139,099		$	137,022		$	134,319		$	131,364		$	127,162
Total earning assets (2)	259,020			249,043			279,606			269,250			257,424			251,601			257,694
Total assets (2)	275,950			267,575			295,711			285,329			274,272			268,908			275,200
Total deposits	244,725			240,242			260,482			251,306			243,980			239,974			243,561
Allocated capital (1)	12,000			12,000			13,000			12,000			12,000			12,000			12,000
Period end
Total loans and leases	$	139,039		$	126,432		$	139,690		$	139,039		$	135,805		$	133,499		$	128,623
Total earning assets (2)	279,597			256,586			280,118			279,597			262,952			250,798			255,910
Total assets (2)	296,271			274,954			296,200			296,271			279,237			267,099			272,848
Total deposits	260,893			245,391			260,565			260,893			246,172			237,624			244,080

⁽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. Other companies may define or calculate these measures differently.

⁽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 segment information is preliminary and based on company data available at the time of this filing. 13

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Year Ended December 31					First Quarter 2016			Fourth Quarter 2015		Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Revenue by Business
Merrill Lynch Global Wealth Management	$	14,893		$	15,243	$	3,647		$	3,669	$	3,693		$	3,788		$	3,743
U.S. Trust	3,023			3,079		772			757		755			762			749
Other (1)	76			64		25			23		18			17			18
Total revenue, net of interest expense (FTE basis)	$	17,992		$	18,386	$	4,444		$	4,449	$	4,466		$	4,567		$	4,510
Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	1,986,502		$	2,034,802	$	1,998,145		$	1,986,502	$	1,943,798		$	2,052,636		$	2,044,514
U.S. Trust	388,604			387,491		390,262			388,604		375,751			388,829			391,105
Other (1)	82,929			76,705		77,751			82,929		78,110			81,318			75,295
Total client balances	$	2,458,035		$	2,498,998	$	2,466,158		$	2,458,035	$	2,397,659		$	2,522,783		$	2,510,914
Client Balances by Type, at period end
Long-term assets under management (2)	$	817,938		$	826,171	$	812,916		$	817,938	$	798,887		$	849,046		$	841,966
Liquidity assets under management (3)	82,925			76,701		77,747			82,925		78,106			81,314			75,291
Assets under management	900,863			902,872		890,663			900,863		876,993			930,360			917,257
Brokerage assets	1,040,938			1,081,434		1,056,752			1,040,938		1,026,355			1,079,084			1,076,277
Assets in custody	113,239			139,555		115,537			113,239		109,196			138,774			141,273
Deposits	260,893			245,391		260,565			260,893		246,172			237,624			244,080
Loans and leases (4)	142,102			129,746		142,641			142,102		138,943			136,941			132,027
Total client balances	$	2,458,035		$	2,498,998	$	2,466,158		$	2,458,035	$	2,397,659		$	2,522,783		$	2,510,914
Assets Under Management Rollforward
Assets under management, beginning balance	$	902,872		$	821,449	$	900,863		$	876,993	$	930,360		$	917,257		$	902,872
Net long-term client flows	34,441			49,800		(599		)	6,746		4,448			8,593			14,654
Net liquidity client flows	6,133			3,361		(3,820		)	4,813		(3,210		)	6,023			(1,493		)
Market valuation/other	(42,583		)	28,262		(5,781		)	12,311		(54,605		)	(1,513		)	1,224
Total assets under management, ending balance	$	900,863		$	902,872	$	890,663		$	900,863	$	876,993		$	930,360		$	917,257
Associates, at period end(5, 6)
Number of financial advisors	16,687			16,147		16,671			16,687		16,522			16,313			16,163
Total wealth advisors, including financial advisors	18,131			17,561		18,111			18,131		17,967			17,734			17,594
Total client-facing professionals, including financial advisors and wealth advisors	20,605			20,085		20,573			20,605		20,446			20,231			20,114
Merrill Lynch Global Wealth Management Metric (6)
Financial advisor productivity (7) (in thousands)	$	1,024		$	1,059	$	984		$	996	$	1,007		$	1,050		$	1,042
U.S. Trust Metric, at period end(6)
Client-facing professionals	2,186			2,181		2,188			2,186		2,182			2,168			2,180

⁽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 segmentof 2,259, 2,187, 2,050, 2,048, 1,978 and 1,978 at March 31, 2016, December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

⁽⁶⁾  Headcount computation is based upon full-time equivalents.

⁽⁷⁾  Financial advisor productivity is defined as annualized Merrill Lynch Global Wealth Management revenue, excluding the allocation of certain ALM activities, divided by the total number of financial advisors (excluding financial advisors in the Consumer Banking segment).

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

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

Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Net interest income (FTE basis)	$	9,050		$	9,586		$	2,481		$	2,385		$	2,294		$	2,170		$	2,201
Noninterest income:
Service charges	2,914			2,901			745			730			746			728			710
Investment banking fees	3,110			3,213			636			729			752			777			852
All other income	2,353			2,400			528			646			523			561			623
Total noninterest income	8,377			8,514			1,909			2,105			2,021			2,066			2,185
Total revenue, net of interest expense (FTE basis)	17,427			18,100			4,390			4,490			4,315			4,236			4,386
Provision for credit losses	685			322			553			233			179			177			96
Noninterest expense	8,481			8,807			2,171			2,086			2,161			2,086			2,148
Income before income taxes (FTE basis)	8,261			8,971			1,666			2,171			1,975			1,973			2,142
Income tax expense (FTE basis)	3,041			3,292			612			800			709			737			795
Net income	$	5,220		$	5,679		$	1,054		$	1,371		$	1,266		$	1,236		$	1,347
Net interest yield (FTE basis)	2.84		%	3.08		%	2.96		%	2.85		%	2.84		%	2.79		%	2.86		%
Return on average allocated capital (1)	15			17			11			16			14			14			16
Efficiency ratio (FTE basis)	48.67			48.66			49.48			46.44			50.10			49.24			48.98
Balance Sheet
Average
Total loans and leases	$	299,824		$	281,304		$	324,531		$	314,599		$	304,621		$	295,405		$	284,284
Total earnings assets (2)	319,005			311,682			337,275			332,054			320,328			311,674			311,724
Total assets (2)	369,001			362,273			387,640			381,887			370,246			361,867			361,771
Total deposits	294,733			288,010			297,134			307,806			296,321			288,117			286,434
Allocated capital (1)	35,000			33,500			37,000			35,000			35,000			35,000			35,000
Period end
Total loans and leases	$	319,580		$	283,584		$	329,485		$	319,580		$	309,500		$	301,558		$	290,298
Total earnings assets (2)	330,658			303,132			341,236			330,658			321,589			317,723			313,568
Total assets (2)	381,975			353,637			390,586			381,975			372,253			367,052			365,024
Total deposits	296,162			279,792			298,072			296,162			297,644			292,261			290,422

⁽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. Other companies may define or calculate these measures differently.

⁽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 segment information is preliminary and based on company data available at the time of this filing. 15

Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Investment Banking fees (1)
Advisory (2)	$	1,354		$	1,098		$	305		$	355		$	365		$	247		$	387
Debt issuance	1,296			1,532			265			265			325			371			335
Equity issuance	460			583			66			109			62			159			130
Total Investment Banking fees (3)	$	3,110		$	3,213		$	636		$	729		$	752		$	777		$	852
Business Lending
Corporate	$	3,830		$	3,968		$	1,015		$	1,016		$	947		$	846		$	1,021
Commercial	3,960			3,928			1,003			1,071			981			1,000			908
Business Banking	351			372			97			82			91			89			89
Total Business Lending revenue	$	8,141		$	8,268		$	2,115		$	2,169		$	2,019		$	1,935		$	2,018
Global Transaction Services
Corporate	$	2,781		$	2,953		$	708		$	720		$	710		$	703		$	648
Commercial	2,632			2,848			693			683			673			635			641
Business Banking	698			710			184			184			181			169			164
Total Global Transaction Services revenue	$	6,111		$	6,511		$	1,585		$	1,587		$	1,564		$	1,507		$	1,453
Average deposit balances
Interest-bearing	$	65,667		$	78,929		$	65,719		$	66,227		$	64,960		$	65,504		$	65,982
Noninterest-bearing	229,066			209,081			231,415			241,579			231,361			222,613			220,452
Total average deposits	$	294,733		$	288,010		$	297,134		$	307,806		$	296,321		$	288,117		$	286,434
Loan spread	1.62		%	1.73		%	1.65		%	1.60		%	1.61		%	1.61		%	1.68		%
Provision for credit losses	$	685		$	322		$	553		$	233		$	179		$	177		$	96
Credit quality (4, 5)
Reservable utilized criticized exposure	$	14,397		$	9,325		$	16,923		$	14,397		$	11,243		$	11,031		$	10,069
	4.18		%	3.02		%	4.78		%	4.18		%	3.36		%	3.38		%	3.20		%
Nonperforming loans, leases and foreclosed properties	$	935		$	892		$	1,316		$	935		$	898		$	1,179		$	979
	0.29		%	0.32		%	0.40		%	0.29		%	0.29		%	0.39		%	0.34		%
Average loans and leases by product
U.S. commercial	$	165,438		$	151,789		$	182,523		$	175,124		$	167,682		$	162,591		$	156,124
Commercial real estate	45,435			43,194			48,908			48,521			46,904			44,066			42,163
Commercial lease financing	20,817			20,008			22,074			21,467			21,074			20,491			20,217
Non-U.S. commercial	68,119			66,295			71,014			69,472			68,947			68,241			65,763
Other	15			18			12			15			14			16			17
Total average loans and leases	$	299,824		$	281,304		$	324,531		$	314,599		$	304,621		$	295,405		$	284,284
Total Corporation Investment Banking fees
Advisory (2)	$	1,503		$	1,205		$	346		$	408		$	391		$	276		$	428
Debt issuance	3,033			3,583			669			617			748			887			781
Equity issuance	1,236			1,490			188			286			188			417			345
Total investment banking fees including self-led deals	5,772			6,278			1,203			1,311			1,327			1,580			1,554
Self-led deals	(200		)	(213		)	(50		)	(39		)	(40		)	(54		)	(67		)
Total Investment Banking fees	$	5,572		$	6,065		$	1,153		$	1,272		$	1,287		$	1,526		$	1,487

⁽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 of 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 segment information is preliminary and based on company data available at the time of this filing. 16

Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Net interest income (FTE basis)	$	4,183		$	3,848		$	1,180		$	1,126		$	1,096		$	988		$	973
Noninterest income:
Investment and brokerage services	2,221			2,205			568			518			574			556			573
Investment banking fees	2,401			2,743			494			532			521			718			630
Trading account profits	6,109			6,027			1,595			797			1,471			1,703			2,138
All other income (loss)	92			1,304			110			139			91			(15		)	(123		)
Total noninterest income	10,823			12,279			2,767			1,986			2,657			2,962			3,218
Total revenue, net of interest expense (FTE basis) (1)	15,006			16,127			3,947			3,112			3,753			3,950			4,191
Provision for credit losses	99			110			9			30			42			6			21
Noninterest expense	11,373			11,989			2,450			2,767			2,698			2,748			3,160
Income before income taxes (FTE basis)	3,534			4,028			1,488			315			1,013			1,196			1,010
Income tax expense (FTE basis)	1,115			1,440			518			148			212			410			345
Net income	$	2,419		$	2,588		$	970		$	167		$	801		$	786		$	665
Return on average allocated capital (2)	7		%	8		%	11		%	2		%	9		%	9		%	8		%
Efficiency ratio (FTE basis)	75.79			74.34			62.08			88.91			71.88			69.56			75.42
Balance Sheet
Average
Total trading-related assets (3)	$	433,169		$	449,623		$	407,661		$	415,856		$	431,172		$	442,175		$	443,801
Total loans and leases	63,443			61,750			69,283			68,835			66,349			61,819			56,601
Total earning assets (3)	430,468			457,871			418,198			419,977			436,809			433,254			431,896
Total assets	594,057			604,198			581,226			586,606			594,142			599,985			595,592
Total deposits	38,074			40,221			35,886			37,175			36,818			39,051			39,287
Allocated capital (2)	35,000			34,000			37,000			35,000			35,000			35,000			35,000
Period end
Total trading-related assets (3)	$	373,926		$	418,847		$	408,223		$	373,926		$	407,086		$	406,098		$	424,899
Total loans and leases	73,208			58,996			73,446			73,208			70,159			65,962			62,627
Total earning assets (3)	384,046			418,849			422,268			384,046			418,519			405,883			418,747
Total assets	548,790			576,552			581,150			548,790			576,461			578,052			584,192
Total deposits	37,038			40,665			34,403			37,038			35,943			38,751			38,214
Trading-related assets (average)
Trading account securities	$	195,650		$	201,951		$	187,931		$	195,275		$	196,685		$	197,117		$	193,491
Reverse repurchases	103,506			115,897			85,411			86,553			103,312			109,293			115,182
Securities borrowed	79,494			85,098			80,807			82,385			75,786			81,091			78,713
Derivative assets	54,519			46,677			53,512			51,643			55,389			54,674			56,415
Total trading-related assets (3)	$	433,169		$	449,623		$	407,661		$	415,856		$	431,172		$	442,175		$	443,801

⁽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 18.

⁽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. Other companies may define or calculate these measures differently.

⁽³⁾  Trading-related assets include derivative assets, which are considered non-earning assets.

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

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

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Year Ended December 31				First Quarter 2016		Fourth Quarter 2015		Third Quarter 2015		Second Quarter 2015			First Quarter 2015
	2015		2014
Sales and trading revenue (1)
Fixed income, currency and commodities	$	7,865	$	8,696	$	2,403	$	1,560	$	2,010	$	1,942		$	2,353
Equities	4,335		4,194		1,037		874		1,148		1,176			1,137
Total sales and trading revenue	$	12,200	$	12,890	$	3,440	$	2,434	$	3,158	$	3,118		$	3,490
Sales and trading revenue, excluding net debit valuation adjustment (2)
Fixed income, currency and commodities	$	8,629	$	9,002	$	2,263	$	1,749	$	1,993	$	2,142		$	2,745
Equities	4,357		4,128		1,023		883		1,153		1,175			1,146
Total sales and trading revenue, excluding net debit valuation adjustment	$	12,986	$	13,130	$	3,286	$	2,632	$	3,146	$	3,317		$	3,891
Sales and trading revenue breakdown
Net interest income	$	3,813	$	3,494	$	1,077	$	1,028	$	1,004	$	888		$	893
Commissions	2,196		2,186		559		511		568		550			567
Trading	6,106		6,025		1,595		796		1,470		1,702			2,138
Other	85		1,185		209		99		116		(22		)	(108		)
Total sales and trading revenue	$	12,200	$	12,890	$	3,440	$	2,434	$	3,158	$	3,118		$	3,490

⁽¹⁾  Includes Global Banking sales and trading revenue of $422 million and $383 million for the years ended December 31, 2015 and 2014; $160 million, $127 million, $86 million, $133 million and $76 million for the first quarter of 2016, and the fourth, third, second and first quarters of 2015, respectively.

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

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

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

Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Year Ended December 31						First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015			First Quarter 2015
	2015			2014
Net interest income (FTE basis)	$	939		$	651		$	(1,035	)	$	(109	)	$	(189	)	$	1,131		$	106
Noninterest income:
Card income	260			357			44			60			67			65			68
Mortgage banking income	1,022			160			242			43			115			639			225
Gains on sales of debt securities	1,079			1,341			226			269			384			162			264
All other loss	(1,212		)	(1,265		)	(332		)	(366		)	(183		)	(328		)	(335		)
Total noninterest income	1,149			593			180			6			383			538			222
Total revenue, net of interest expense (FTE basis)	2,088			1,244			(855		)	(103		)	194			1,669			328
Provision for credit losses	(20		)	(641		)	(121		)	(152		)	64			112			(44		)
Noninterest expense	5,227			21,639			2,382			1,022			903			1,002			2,300
Income (loss) before income taxes (FTE basis)	(3,119		)	(19,754		)	(3,116		)	(973		)	(773		)	555			(1,928		)
Income tax benefit (FTE basis)	(2,236		)	(7,252		)	(1,319		)	(472		)	(609		)	(226		)	(929		)
Net income (loss)	$	(883	)	$	(12,502	)	$	(1,797	)	$	(501	)	$	(164	)	$	781		$	(999	)
Balance Sheet
Average
Total loans and leases	$	148,589		$	201,454		$	122,163		$	130,202		$	139,037		$	156,886		$	168,763
Total assets (2)	300,941			323,131			262,518			295,677			307,009			300,851			300,205
Total deposits	25,452			35,548			26,757			26,019			26,125			26,674			22,957
Period end
Total loans and leases	$	126,305		$	172,849		$	117,901		$	126,305		$	131,617		$	147,906		$	160,989
Total assets (3)	271,853			300,325			251,264			271,853			299,897			314,948			296,792
Total deposits	25,334			22,447			26,421			25,334			24,624			26,720			23,289

⁽¹⁾  All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass certain residential mortgages, debt securities, interest rate and foreign currency risk management activities, the impact of certain allocation methodologies and accounting hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include 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 $467.6 billion and $449.5 billion for the years ended December 31, 2015 and 2014; $493.5 billion, $478.3 billion, $462.6 billion, $460.4 billion and $468.9 billion for the first quarter of 2016, and the fourth, third, second and first quarters of 2015, respectively.

⁽³⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $510.0 billion, $489.0 billion, $461.9 billion, $457.3 billion, $479.2 billion and $447.6 billion at March 31, 2016, December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

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

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

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	First Quarter 2016
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All  Other
Consumer
Residential mortgage	$	186,980	$	42,506		$	57,934	$	4	$	—		$	86,536
Home equity	75,328		48,136			5,467		4		303			21,418
U.S. credit card	87,163		84,207			2,956		—		—			—
Non-U.S. credit card	9,822		—			—		—		—			9,822
Direct/Indirect consumer	89,342		44,676			44,102		4		—			560
Other consumer	2,138		1,578			6		—		—			554
Total consumer	450,773		221,103			110,465		12		303			118,890
Commercial
U.S. commercial	270,511		16,783			26,227		182,523		40,503			4,475
Commercial real estate	57,271		22			2,342		48,908		5,889			110
Commercial lease financing	21,077		—			3		22,074		336			(1,336		)
Non-U.S. commercial	93,352		—			62		71,014		22,252			24
Total commercial	442,211		16,805			28,634		324,519		68,980			3,273
Total loans and leases	$	892,984	$	237,908		$	139,099	$	324,531	$	69,283		$	122,163
	Fourth Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All  Other
Consumer
Residential mortgage	$	189,650	$	39,591		$	56,640	$	5	$	—		$	93,414
Home equity	77,109		48,973			5,647		4		235			22,250
U.S. credit card	88,623		85,602			3,020		—		—			1
Non-U.S. credit card	10,155		—			—		—		—			10,155
Direct/Indirect consumer	87,858		43,129			44,147		4		—			578
Other consumer	2,039		1,452			6		2		—			579
Total consumer	455,434		218,747			109,460		15		235			126,977
Commercial
U.S. commercial	261,727		16,729			25,114		175,124		40,326			4,434
Commercial real estate	56,126		23			2,222		48,521		5,228			132
Commercial lease financing	20,422		—			3		21,467		297			(1,345		)
Non-U.S. commercial	92,447		(1		)	223		69,472		22,749			4
Total commercial	430,722		16,751			27,562		314,584		68,600			3,225
Total loans and leases	$	886,156	$	235,498		$	137,022	$	314,599	$	68,835		$	130,202
	Third Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All  Other
Consumer
Residential mortgage	$	193,791	$	37,851		$	55,279	$	5	$	—		$	100,656
Home equity	79,715		50,068			5,838		4		209			23,596
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		)	608
Total consumer	459,906		216,309			107,629		14		195			135,759
Commercial
U.S. commercial	251,908		16,772			24,343		167,682		38,649			4,462
Commercial real estate	53,605		22			2,110		46,904		4,427			142
Commercial lease financing	20,013		—			4		21,074		311			(1,376		)
Non-U.S. commercial	91,997		—			233		68,947		22,767			50
Total commercial	417,523		16,794			26,690		304,607		66,154			3,278
Total loans and leases	$	877,429	$	233,103		$	134,319	$	304,621	$	66,349		$	139,037

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

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

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other (continued)
(Dollars in millions)
	Second Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	207,356	$	36,348		$	53,890	$	7	$	3	$	117,108
Home equity	82,640		51,244			6,067		4		206		25,119
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		1,242			8		1		—		634
Total consumer	473,051		213,758			105,504		16		209		153,564
Commercial
U.S. commercial	244,540		16,923			23,608		162,591		36,993		4,425
Commercial real estate	50,478		24			2,049		44,066		4,173		166
Commercial lease financing	19,486		—			4		20,491		373		(1,382		)
Non-U.S. commercial	88,623		(1		)	199		68,241		20,071		113
Total commercial	403,127		16,946			25,860		295,389		61,610		3,322
Total loans and leases	$	876,178	$	230,704		$	131,364	$	295,405	$	61,819	$	156,886
	First Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	215,030	$	35,053		$	52,533	$	7	$	—	$	127,437
Home equity	84,915		52,207			6,260		4		197		26,247
U.S. credit card	88,695		85,577			3,117		—		—		1
Non-U.S. credit card	10,002		—			—		—		—		10,002
Direct/Indirect consumer	80,713		39,293			40,619		4		—		797
Other consumer	1,847		1,166			16		2		—		663
Total consumer	481,202		213,296			102,545		17		197		165,147
Commercial
U.S. commercial	234,907		17,035			22,572		156,124		34,747		4,429
Commercial real estate	48,234		28			1,908		42,163		3,951		184
Commercial lease financing	19,271		—			4		20,217		450		(1,400		)
Non-U.S. commercial	83,555		—			133		65,763		17,256		403
Total commercial	385,967		17,063			24,617		284,267		56,404		3,616
Total loans and leases	$	867,169	$	230,359		$	127,162	$	284,284	$	56,601	$	168,763

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

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

Bank of America Corporation and Subsidiaries
Net Charge-offs and Net Charge-off Ratios
(Dollars in millions)
	Year Ended December 31								First Quarter 2016				Fourth Quarter 2015				Third Quarter 2015				Second Quarter 2015					First Quarter 2015
	2015				2014
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount			Percent		Amount		Percent
Consumer Banking	$	2,997	1.29	%	$	3,415	1.46	%	$	735	1.24	%	$	736	1.24	%	$	709	1.21	%	$	734		1.28	%	$	818	1.44	%
GWIM	72		0.05		71		0.06		5		0.01		20		0.06		17		0.05		17			0.05		18		0.06
Global Banking	194		0.06		31		0.01		104		0.13		137		0.17		53		0.07		(2		)	—		6		0.01
Global Markets	—		—		2		—		—		—		—		—		—		—		—			—		—		—
All Other	1,075		0.73		864		0.43		224		0.75		251		0.77		153		0.44		319			0.83		352		0.86
Total	$	4,338	0.50		$	4,383	0.49		$	1,068	0.48		$	1,144	0.52		$	932	0.43		$	1,068		0.49		$	1,194	0.56

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

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