Bank of America Provides 2016 Stress Test Results
OREANDA-NEWS. June 24, 2016. Bank of America today released the results of its 2016 stress test. Under the Dodd-Frank Act, systemically important institutions are required to conduct an annual stress test and publish the results.
The Federal Reserve conducts its own stress test and announced its results today. Bank of America’s results may differ from the Federal Reserve’s results. The results should not be regarded as forecasts of actual financial results and investors in securities issued by Bank of America should not rely on the stress test results as being indicative of expected future results. Bank of America’s results can be found on the company’s Investor Relations website at http://investor.bankofamerica.com.
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 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 16,000 ATMs, and award-winning online banking with approximately 33 million active users and approximately 20 million mobile users. Bank of America is a global leader in wealth management, 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.
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