1 3Q24 Financial Highlights2(A) 3Q24 Business Segment Highlights1,2,3(A) Consumer Banking • Net income of $2.7 billion • Revenue of $10.4 billion, down 1% • Average deposits of $938 billion, down 4% from 3Q23 and up 30% from pre-pandemic levels (4Q19) • Average loans and leases of $314 billion, up $3 billion, or 1% • Combined credit / debit card spend of $232 billion, up 3% • Client Activity – ~360,000 net new consumer checking accounts; 2nd best quarter on record – 37.6 million consumer checking accounts; 92% are primary4 – 3.9 million small business checking accounts – $497 billion consumer investment assets, up 28% – $1.1 trillion in payments, up 5%5 – 3.6 billion digital logins; 54% of total sales were digital Global Wealth and Investment Management • Net income of $1.1 billion • Revenue of $5.8 billion, up 8%, reflecting 14% higher asset management fees, due to higher market levels and AUM flows of $21 billion in 3Q24 • Client balances of $4.2 trillion, up 18% from 3Q23, driven by higher market valuations and positive net client flows • Client Activity – ~5,500 net new relationships across Merrill and Private Bank – $1.9 trillion of AUM balances, up 24% – ~75% of Merrill eligible bank and brokerage accounts opened digitally Global Banking • Net income of $1.9 billion • Total investment banking fees (excl. self-led) of $1.4 billion, up 18% • Maintained No. 3 investment banking fee ranking8 • Average deposits of $550 billion, up 9% • Middle Market average loan balances up 5%9 Global Markets • Net income of $1.5 billion • Sales and trading revenue of $4.9 billion, up 12%, both including and excluding net debit valuation adjustment (DVA) losses of $8 million;(F) 10th consecutive quarter of year-over-year growth – Fixed Income, Currencies and Commodities (FICC) revenue of $2.9 billion, up 8% – Equities revenue of $2.0 billion, up 18% • Zero days of trading losses YTD • Net income of $6.9 billion, or $0.81 per diluted share, compared to $7.8 billion, or $0.90 per diluted share in 3Q23 • Revenue, net of interest expense, of $25.3 billion ($25.5 billion FTE)(B) increased $178 million, reflecting higher asset management and investment banking fees, as well as sales and trading revenue and lower net interest income (NII) – NII of $14.0 billion ($14.1 billion FTE)(B) ▪ Decreased 3% from 3Q23, as higher asset yields and loan growth were more than offset by higher deposit costs ▪ Increased 2% from 2Q24, driven in part by fixed-rate asset repricing, partially offset by higher deposit costs • Provision for credit losses of $1.5 billion was flat compared to 2Q24 and up from $1.2 billion in 3Q23 – Net charge-offs of $1.5 billion were flat compared to 2Q24 and up from $931 million in 3Q23 – Net reserve build of $8 million vs. net reserve release of $25 million in 2Q24 and net reserve build of $303 million in 3Q23(C) • Noninterest expense of $16.5 billion, up 4%, driven primarily by revenue-related expenses and investments in the franchise • Balance sheet remained strong – Average deposit balances of $1.92 trillion increased 2% – Average loans and leases of $1.06 trillion increased 1% – Average Global Liquidity Sources of $947 billion(D) – Common equity tier 1 (CET1) capital of $200 billion increased $2 billion from 2Q24 – CET1 ratio of 11.8% (Standardized);(E) 112 bps above the new regulatory minimum that took effect Oct. 1, 2024 – Returned $5.6 billion to shareholders; $2.0 billion through common stock dividends and $3.5 billion in share repurchases6 • Book value per common share rose 8% to $35.37; tangible book value per common share rose 10% to $26.257 • Return on average common shareholders' equity ratio of 9.4%; return on average tangible common shareholders' equity ratio of 12.8%7 From Chair and CEO Brian Moynihan: “We reported solid earnings results, delivering higher average loans and our fifth consecutive quarter of sequential average deposit growth. Net interest income increased over the second quarter, complimented by double-digit, year-over-year growth in investment banking and asset management fees, as well as sales and trading revenue. We also continue to benefit from our investments in the business. I thank our teammates for another good quarter. We continue to drive the company forward in any environment.” See page 10 for endnotes. Amounts may not total due to rounding. 1 Revenue, net of interest expense. 2 Financial Highlights and Business Segment Highlights are compared to the year-ago quarter unless noted. 3 The Corporation reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis. 4 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit). 5 Total payments represent payments made from Bank of America accounts using credit card, debit card, ACH, wires, billpay, person-to-person, cash and checks. 6 Includes repurchases to offset shares awarded under equity-based compensation plans. 7 Tangible book value per common share and return on average tangible common shareholders’ equity ratio represent non-GAAP financial measures. For more information, see page 19. 8 Source: Dealogic as of September 30, 2024. 9 Includes loans to Global Commercial Banking clients, excluding commercial real estate and specialized industries. Bank of America Reports 3Q24 Net Income of $6.9 Billion, EPS of $0.81 Revenue Improved YoY to $25.3 Billion,1 Driven by Solid Fee Growth CET1 Ratio of 11.8%; Book Value Per Share of $35.37 Grew 8% YoY

2 From Chief Financial Officer Alastair Borthwick: “Through the team’s hard work, we supported our clients’ growth and drove an improvement in our balance sheet. Liquidity remained strong and our capital position is well above our new regulatory requirements, which allowed us to return $5.6 billion of capital to shareholders through common stock dividends and share repurchases. With declines reported on a linked-quarter basis in consumer credit and commercial real estate losses, asset quality was solid. We believe our diverse business is a source of strength, helping us deepen existing client relationships and develop new ones, over time.” Bank of America Financial Highlights Three Months Ended ($ in billions, except per share data) 9/30/2024 6/30/2024 9/30/2023 Total revenue, net of interest expense $25.3 $25.4 $25.2 Provision for credit losses 1.5 1.5 1.2 Noninterest expense 16.5 16.3 15.8 Pretax income 7.3 7.6 8.1 Pretax, pre-provision income1(G) 8.9 9.1 9.3 Income tax expense 0.4 0.7 0.3 Net income 6.9 6.9 7.8 Diluted earnings per share $0.81 $0.83 $0.90 1 Pretax, pre-provision income represents a non-GAAP financial measure. For more information, see page 19. Common Equity Tier 1 Capital $194 $195 $197 $198 $200 11.9% 11.8% 11.9% 11.9% 11.8% Common Equity Tier 1 capital Common Equity Tier 1 capital ratio 3Q23 4Q23 1Q24 2Q24 3Q24 Average Deposits $1,876 $1,905 $1,907 $1,910 $1,921 3Q23 4Q23 1Q24 2Q24 3Q24 Spotlight on Average Deposits and Common Equity Tier 1 Capital ($B) 1 1 Common equity tier 1 capital ratio under the Standardized approach. For additional information on regulatory capital ratios, see Endnote E on page 10.

3 Consumer Banking1 Financial Results Three months ended ($ in millions) 9/30/2024 6/30/2024 9/30/2023 Total revenue2 $10,418 $10,206 $10,472 Provision for credit losses 1,302 1,281 1,397 Noninterest expense 5,534 5,464 5,256 Pretax income 3,582 3,461 3,819 Income tax expense 895 866 955 Net income $2,687 $2,595 $2,864 Business Highlights(A) Three months ended ($ in billions) 9/30/2024 6/30/2024 9/30/2023 Average deposits $938.4 $949.2 $980.1 Average loans and leases 313.8 312.3 310.8 Consumer investment assets (EOP)5 496.6 476.1 387.5 Active mobile banking users (MM) 39.6 39.0 37.5 Number of financial centers 3,741 3,786 3,862 Efficiency ratio 53 % 54 % 50 % Return on average allocated capital 25 24 27 Total Consumer Credit Card3 Average credit card outstanding balances $99.9 $99.0 $98.0 Total credit / debit spend 231.9 233.6 225.3 Risk-adjusted margin 7.2 % 6.8 % 7.7 % Continued Business Leadership • No. 1 in estimated U.S. Retail Deposits(a) • No. 1 Small Business Lender(b) • Best Bank in North America(c) • Best Bank in the U.S.(c) • Best Bank in the U.S. for Small and Medium Enterprises(d) • Certified by J.D. Power for Outstanding Client Satisfaction with Customer Financial Health Support – Banking & Payments(e) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 The consumer credit card portfolio includes Consumer Banking and GWIM. 4 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit). 5 Consumer investment assets includes client brokerage assets, deposit sweep balances, Bank of America, N.A. brokered CDs, and AUM in Consumer Banking. 6 As of August 2024. Includes clients in Consumer, Small Business and GWIM. 7 Household adoption represents households with consumer bank login activities in a 90-day period, as of August 2024. 8 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. • Net income of $2.7 billion • Revenue of $10.4 billion2 decreased 1%, reflecting lower NII, partially offset by higher card income • Provision for credit losses of $1.3 billion, down 7% – Net reserve build of $127 million in 3Q24 vs. $486 million in 3Q23 – Net charge-offs of $1.2 billion increased $264 million from 3Q23, driven by credit card • Noninterest expense of $5.5 billion, up 5%, driven by investments in the business, including people and technology – Efficiency ratio of 53% Business Highlights1,3(A) • Average deposits of $938 billion decreased 4% – 58% of deposits in checking accounts; 92% are primary4 • Average loans and leases of $314 billion, up 1% • Combined credit / debit card spend of $232 billion increased 3% • Record consumer investment assets5 of $497 billion, up 28%, driven by higher market valuations and $29 billion of net client flows from new and existing clients – 3.9 million consumer investment accounts, up 4% • 11.2 million clients enrolled in Preferred Rewards, up 4%, with 99% annualized retention rate6 Strong Digital Usage Continued1 • 77% of overall households actively using digital platforms7 • 48 million active digital banking users, up 4% • 1.8 million digital sales, representing 54% of total sales • 3.6 billion digital logins, up 11% • 23.2 million active Zelle® users, up 10%; sent and received 400 million transactions, up 24%8

4 Global Wealth and Investment Management1 Financial Results Three months ended ($ in millions) 9/30/2024 6/30/2024 9/30/2023 Total revenue2 $5,762 $5,574 $5,321 Provision (benefit) for credit losses 7 7 (6) Noninterest expense 4,340 4,199 3,950 Pretax income 1,415 1,368 1,377 Income tax expense 354 342 344 Net income $1,061 $1,026 $1,033 Business Highlights(A) Three months ended ($ in billions) 9/30/2024 6/30/2024 9/30/2023 Average deposits $280.0 $287.7 $291.8 Average loans and leases 225.4 222.8 218.6 Total client balances (EOP) 4,193.9 4,011.9 3,550.9 AUM flows 21.3 10.8 14.2 Pretax margin 25 % 25 % 26 % Return on average allocated capital 23 22 22 • Net income of $1.1 billion • Revenue of $5.8 billion2 increased 8%, reflecting 14% higher asset management fees, due to higher market levels and strong AUM flows • Noninterest expense of $4.3 billion increased 10%, driven primarily by revenue-related incentives Business Highlights1(A) • Record client balances of $4.2 trillion increased 18%, driven by higher market valuations and positive net client flows – AUM flows of $21 billion in 3Q24; $65B since 3Q23 • Average deposits of $280 billion, down 4% • Average loans and leases of $225 billion increased 3% Merrill Wealth Management Highlights1 Client Engagement • Record client balances of $3.5 trillion(A) • AUM balances of $1.5 trillion(A) • ~4,700 net new households Strong Digital Usage Continued • 84% of Merrill households digitally active3 – 62% of Merrill households are active on mobile • 82% of households enrolled in eDelivery4 • 75% of eligible checks deposited through automated channels5 • 75% of eligible bank and brokerage accounts opened through digital onboarding, up from 70% Bank of America Private Bank Highlights1 Client Engagement • Record client balances of $667 billion(A) • AUM balances of $403 billion(A) • 770 net new relationships Strong Digital Usage Continued • 92% of clients digitally active6 • 76% of eligible checks deposited through automated channels5 • Clients continued using the convenience and effectiveness of our digital capabilities: – Digital wallet transactions up 45% – Zelle® transactions up 31% Continued Business Leadership • No. 1 on Forbes' Top Women Wealth Advisors (2024), Best-in-State Wealth Management Teams (2024), and Top Next Generation Advisors (2024) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2024) • No. 1 on the Financial Planning's 'Top 40 Advisors Under 40' List (2024) • No. 1 in Managed Personal Trust AUM(b) • Best Private Bank (U.S.); Best Private Bank for Philanthropic Services and Sustainable Investing (North America)(f) • Best Private Bank in the Nation; Best Private Bank for Family Office and OCIO(g) • Best Private Bank (U.S.); Best Private Bank for Digital Innovation, Best Family Office Offering, and Excellence in Philanthropy Services(h) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 Percentage of digitally active Merrill primary households across the enterprise ($250K+ in investable assets within the enterprise) as of September 2024. Excludes Stock Plan and Banking-only households. 4 Includes Merrill Digital Households across the enterprise (excluding Stock Plan, Banking-only households, Retirement only and 529 only) that receive statements digitally, as of August 2024. 5 Includes mobile check deposits, remote deposit operations, and automated teller machine transactions, as of August 2024 for Private Bank and as of September 2024 for Merrill. 6 Percentage of digitally active Private Bank core relationships across the enterprise ($3MM+ in total balances) as of August 2024. Includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships.

5 Global Banking1,2 Financial Results Three months ended ($ in millions) 9/30/2024 6/30/2024 9/30/2023 Total revenue2,3 $5,834 $6,053 $6,203 Provision (benefit) for credit losses 229 235 (119) Noninterest expense 2,991 2,899 2,804 Pretax income 2,614 2,919 3,518 Income tax expense 719 803 950 Net income $1,895 $2,116 $2,568 Business Highlights2(A) Three months ended ($ in billions) 9/30/2024 6/30/2024 9/30/2023 Average deposits $549.6 $525.4 $504.4 Average loans and leases 371.2 372.7 376.2 Total Corp. IB fees (excl. self-led) 1.4 1.6 1.2 Global Banking IB fees 0.8 0.8 0.7 Business Lending revenue 2.4 2.6 2.6 Global Transaction Services revenue 2.6 2.6 2.8 Efficiency ratio 51 % 48 % 45 % Return on average allocated capital 15 17 21 • Net income of $1.9 billion • Revenue of $5.8 billion3 decreased 6%, driven primarily by lower NII • Provision for credit losses of $229 million in 3Q24 vs. provision benefit of $119 million in 3Q23 – Net charge-offs of $358 million increased $338 million, driven by corporate and commercial losses and commercial real estate office – Net reserve release of $129 million in 3Q24 vs. $139 million in 3Q23 • Noninterest expense of $3.0 billion increased 7%, driven by continued investments in the business, including people and technology Business Highlights1,2(A) • Total Corporation investment banking fees (excl. self-led) of $1.4 billion increased 18% – No. 3 in investment banking fees4 • Average deposits of $550 billion increased 9% • Average loans and leases of $371 billion decreased 1% Strong Digital Usage Continued1 • 76% digitally active clients5 with 87% of relationship clients digitally active • Record total mobile sign-ins at 2.04 million, up 25%6 • Record quarterly CashPro® App Payment Approvals value of $283 billion, increased 47% • CashPro® Chat is now supported by Erica® technology with nearly 32.5K interactions Continued Business Leadership • World’s Most Innovative Bank – 2024(f) • World’s Best Bank for Trade Finance and for FX payments; North America’s Best Digital Bank and Best Bank for Sustainable Finance(i) • 2023 Best Bank for Cash & Liquidity Management; Best Mobile Technology Solution for Treasury: CashPro App(j) • Best Global Bank for Transaction Banking (overall award) and Best Global Bank for Collections(f) • Model Bank Award for Reimagining Trade & Supply Chain Finance – 2024 for CashPro Supply Chain Solutions(k) • 2023 Share & Excellence Awards for U.S. Large Corporate Banking & Cash Management(l) • Relationships with 78% of the Global Fortune 500; 95% of the U.S. Fortune 1,000 (2024) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Revenue, net of interest expense. 4 Source: Dealogic as of September 30, 2024. 5 Includes Commercial, Corporate, and Business Banking clients on CashPro® and BA360 platforms as of August 2024. 6 Includes CashPro, BA360, and Global Card Access. BA360 as of August 2024.

6 Global Markets1,2,3 Financial Results Three months ended ($ in millions) 9/30/2024 6/30/2024 9/30/2023 Total revenue2,3 $5,630 $5,459 $4,942 Net DVA (8) (1) (16) Total revenue (excl. net DVA)2,3,4 $5,638 $5,460 $4,958 Provision (benefit) for credit losses 7 (13) (14) Noninterest expense 3,443 3,486 3,235 Pretax income 2,180 1,986 1,721 Income tax expense 632 576 473 Net income $1,548 $1,410 $1,248 Net income (excl. net DVA)4 $1,554 $1,411 $1,260 Business Highlights2(A) Three months ended ($ in billions) 9/30/2024 6/30/2024 9/30/2023 Average total assets $924.1 $908.5 $863.7 Average trading-related assets 645.6 639.8 609.7 Average loans and leases 140.8 135.1 131.3 Sales and trading revenue 4.9 4.7 4.4 Sales and trading revenue (excl. net DVA)4(F) 4.9 4.7 4.4 Global Markets IB fees 0.6 0.7 0.5 Efficiency ratio 61 % 64 % 65 % Return on average allocated capital 14 13 11 • Net income of $1.5 billion ($1.6 billion ex. net DVA)4 • Revenue of $5.6 billion increased 14%, driven by higher sales and trading revenue and investment banking fees • Noninterest expense of $3.4 billion increased 6%, driven by higher revenue-related expenses and investments in the business, including technology • Average VaR of $78 million5 Business Highlights1,2,3,4(A) • Sales and trading revenue of $4.9 billion increased 12% (incl. and ex. net DVA)(F) – FICC revenue increased 8% (incl. and ex. net DVA),(F) to $2.9 billion, driven primarily by improved client activity and trading performance in currencies and interest rate products – Equities revenue increased 18% (incl. and ex. net DVA),(F) to $2.0 billion, driven by strong client activity and trading performance in cash and derivatives Additional Highlights • 685 research analysts covering 3,450+ companies; 1,250+ corporate bond issuers across 55+ economies and 25 industries Continued Business Leadership • World's Best Bank for Markets(i) • World's Best Bank for FX Payments(i) • Americas Derivatives House of the Year(m) • Americas Equity Derivatives House of the Year(m) • Americas Commodity Derivatives Bank of the Year(m) • Americas Research and Strategy House of the Year(m) • Americas Derivatives Clearing Bank of the Year(m) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. The explanations for current period- over-period changes for Global Markets are the same for amounts including and excluding net DVA. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Revenue, net of interest expense. 4 Revenue and net income, excluding net DVA, are non-GAAP financial measures. See Endnote F on page 10 for more information. 5 VaR model uses a historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level. Average VaR was $78MM, $90MM and $69MM for 3Q24, 2Q24 and 3Q23, respectively.

7 All Other1,2 Financial Results Three months ended ($ in millions) 9/30/2024 6/30/2024 9/30/2023 Total revenue2 ($2,152) ($1,755) ($1,618) Provision (benefit) for credit losses (3) (2) (24) Noninterest expense 171 261 593 Pretax loss (2,320) (2,014) (2,187) Income tax expense (benefit) (2,025) (1,764) (2,276) Net income (loss) ($295) ($250) $89 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. Note: All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. • Net loss of $295 million • Revenue included a charge in other income of ~$200 million related to Visa’s increase in its litigation escrow account • Noninterest expense of $0.2B decreased $0.4B from 3Q23, driven primarily by lower costs associated with a liquidating business • Total corporate effective tax rate (ETR) for the quarter was ~6% – Excluding discrete tax items and recurring tax credits primarily related to investments in renewable energy and affordable housing, the ETR would have been approximately 24%

8 Credit Quality1 Highlights Three months ended ($ in millions) 9/30/2024 6/30/2024 9/30/2023 Provision for credit losses $1,542 $1,508 $1,234 Net charge-offs 1,534 1,533 931 Net charge-off ratio2 0.58 % 0.59 % 0.35 % At period-end Nonperforming loans and leases $5,629 $5,473 $4,833 Nonperforming loans and leases ratio 0.53 % 0.52 % 0.46 % Allowance for credit losses 14,351 14,342 14,640 Allowance for loan and lease losses 13,251 13,238 13,287 Allowance for loan and lease losses ratio3 1.24 % 1.26 % 1.27 % 1 Comparisons are to the year-ago quarter unless noted. 2 Net charge-off ratio is calculated as annualized net charge-offs divided by average outstanding loans and leases during the period. 3 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. Charge-offs • Total net charge-offs of $1.5 billion were flat vs. 2Q24 – Consumer net charge-offs of $1.0 billion decreased $15 million from 2Q24, driven by lower credit card losses – Credit card loss rate of 3.70% in 3Q24 vs. 3.88% in 2Q24 – Commercial net charge-offs of $490 million increased $16 million compared to 2Q24 • Net charge-off ratio2 of 0.58% decreased 1 bp from 2Q24 Provision for credit losses • Provision for credit losses of $1.5 billion increased $34 million vs. 2Q24 – Net reserve build of $8 million in 3Q24 vs. net reserve release of $25 million in 2Q24 and net reserve build of $303 million in 3Q23(C) Allowance for credit losses • Allowance for loan and lease losses of $13.3 billion represented 1.24% of total loans and leases3 – Total allowance for credit losses of $14.4 billion included $1.1 billion for unfunded commitments • Nonperforming loans of $5.6 billion increased $156 million from 2Q24

9 Balance Sheet, Liquidity, and Capital Highlights ($ in billions except per share data, end of period, unless otherwise noted)(A) Three months ended 9/30/2024 6/30/2024 9/30/2023 Ending Balance Sheet Total assets $3,324.0 $3,258.0 $3,153.1 Total loans and leases 1,075.8 1,056.8 1,049.1 Total loans and leases in business segments (excluding All Other) 1,067.0 1,048.5 1,039.9 Total deposits 1,930.4 1,910.5 1,884.6 Average Balance Sheet Average total assets $3,296.2 $3,275.0 $3,128.5 Average loans and leases 1,059.7 1,051.5 1,046.3 Average deposits 1,920.7 1,909.9 1,876.2 Funding and Liquidity Long-term debt $296.9 $290.5 $290.4 Global Liquidity Sources, average(D) 947 909 859 Equity Common shareholders’ equity $272.0 $267.3 $258.7 Common equity ratio 8.2 % 8.2 % 8.2 % Tangible common shareholders’ equity1 $201.9 $197.2 $188.5 Tangible common equity ratio1 6.2 % 6.2 % 6.1 % Per Share Data Common shares outstanding (in billions) 7.69 7.77 7.92 Book value per common share $35.37 $34.39 $32.65 Tangible book value per common share1 26.25 25.37 23.79 Regulatory Capital(E) CET1 capital $199.8 $198.1 $194.2 Standardized approach Risk-weighted assets $1,690 $1,661 $1,632 CET1 ratio 11.8 % 11.9 % 11.9 % Advanced approaches Risk-weighted assets $1,484 $1,469 $1,441 CET1 ratio 13.5 % 13.5 % 13.5 % Supplementary leverage Supplementary leverage ratio (SLR) 5.9 % 6.0 % 6.2 % 1 Represents a non-GAAP financial measure. For reconciliation, see page 19.

10 Endnotes Three months ended (Dollars in millions) 9/30/2024 6/30/2024 9/30/2023 Sales and trading revenue Fixed-income, currencies and commodities $ 2,934 $ 2,742 $ 2,710 Equities 1,996 1,937 1,695 Total sales and trading revenue $ 4,930 $ 4,679 $ 4,405 Sales and trading revenue, excluding net debit valuation adjustment1 Fixed-income, currencies and commodities $ 2,942 $ 2,737 $ 2,723 Equities 1,996 1,943 1,698 Total sales and trading revenue, excluding net debit valuation adjustment $ 4,938 $ 4,680 $ 4,421 A We present certain key financial and nonfinancial performance indicators (KPIs) that management uses when assessing consolidated and/or segment results. We believe this information is useful because it provides management and investors with information about underlying operational performance and trends. KPIs are presented in Consolidated and Business Segment Highlights on page 1, Balance Sheet, Liquidity, and Capital Highlights on page 9 and on the Segment pages for each segment. B We also measure NII and revenue, net of interest expense, on an FTE basis, which are non-GAAP financial measures. FTE basis is a performance measure used in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. We believe that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practice. NII on an FTE basis was $14.1 billion, $13.9 billion and $14.5 billion for the three months ended September 30, 2024, June 30, 2024 and September 30, 2023, respectively. Revenue, net of interest expense, on an FTE basis, was $25.5 billion, $25.5 billion and $25.3 billion for the three months ended September 30, 2024, June 30, 2024 and September 30, 2023, respectively. The FTE adjustment was $147 million, $160 million and $153 million for the three months ended September 30, 2024, June 30, 2024 and September 30, 2023, respectively. C Reserve build (or release) is calculated by subtracting net charge-offs for the period from the provision for credit losses recognized in that period. The period-end allowance, or reserve, for credit losses reflects the beginning of the period allowance adjusted for net charge-offs recorded in that period plus the provision for credit losses and other valuation accounts recognized in that period. D Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of U.S. government securities, U.S. agency securities, U.S. agency mortgage-backed securities, and a select group of non-U.S. government and supranational securities, and other investment- grade 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 among legal entities may be subject to certain regulatory and other restrictions. E Regulatory capital ratios at September 30, 2024 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. F The below table includes Global Markets sales and trading revenue, excluding net DVA, which is a non-GAAP financial measure. We believe that the presentation of measures that exclude this item is useful because such measures provide additional information to assess the underlying operational performance and trends of our businesses and to allow better comparison of period-to-period operating performance. 1 For the three months ended September 30, 2024, June 30, 2024 and September 30, 2023, net DVA gains (losses) were ($8) million, ($1) million and ($16) million, FICC net DVA gains (losses) were ($8) million, $5 million and ($13) million, and Equities net DVA gains (losses) were $0, ($6) million and ($3) million, respectively. G Pretax, pre-provision income (PTPI) is a non-GAAP financial measure calculated by adjusting consolidated pretax income to add back provision for credit losses. Management believes that PTPI is a useful financial measure as it enables an assessment of the Company’s ability to generate earnings to cover credit losses through a credit cycle and provides an additional basis for comparing the Company's results of operations between periods by isolating the impact of provision for credit losses, which can vary significantly between periods. For Reconciliations to GAAP Financial Measures, see page 19.

11 (a) Estimated U.S. retail deposits based on June 30, 2024 FDIC deposit data. (b) FDIC, 2Q24 (c) Global Finance, April 2024. (d) Global Finance, October 2023. (e) J.D. Power 2024 Financial Health Support CertificationSM is based on exceeding customer experience benchmarks using client surveys and a best practices verification. For more information, visit jdpower.com/awards.* (f) Global Finance, 2024. (g) Family Wealth Report, 2024. (h) Global Private Banker, 2024. (i) Euromoney, 2024. (j) Treasury Management International, 2024. (k) Celent, 2024. (l) Coalition Greenwich, 2023. (m) GlobalCapital, 2024. Business Leadership Sources * Website content is not incorporated by reference into this press release.

12 Contact Information and Investor Conference Call Invitation Investor Call Information Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss third- quarter 2024 financial results in an investor conference call at 8:30 a.m. ET today. The conference call and presentation materials can be accessed on the Bank of America Investor Relations website at https://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). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon October 15 through 11:59 p.m. ET on October 26. Investors May Contact: Lee McEntire, Bank of America Phone: 1.980.388.6780 lee.mcentire@bofa.com Jonathan G. Blum, Bank of America (Fixed Income) Phone: 1.212.449.3112 jonathan.blum@bofa.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 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital 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 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories 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 Corporation (the Corporation) 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 the Corporation’s current expectations, plans or forecasts of its future results, revenues, liquidity, net interest income, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, deposits, assets, 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 the Corporation’s control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. * Website content is not incorporated by reference into this press release. Reporters May Contact: Jocelyn Seidenfeld, Bank of America Phone: 1.646.743.3356 jocelyn.seidenfeld@bofa.com Bill Halldin, Bank of America Phone: 1.916.724.0093 william.halldin@bofa.com

13 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 the Corporation’s 2023 Annual Report on Form 10-K and in any of the Corporation’s subsequent Securities and Exchange Commission filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory investigations, proceedings and enforcement actions, of which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation’s anti-money laundering and economic sanctions programs, the processing of electronic payments and related fraud and the rates paid on uninvested cash in investment advisory accounts that is swept into interest-paying bank deposits, which are in various stages; the possibility that the Corporation's future liabilities may be in excess of its recorded liability and estimated range of possible loss for litigation, and regulatory and government actions; the possibility that the Corporation could face increased claims from one or more parties involved in mortgage securitizations; the Corporation’s ability to resolve representations and warranties repurchase and related claims; the risks related to the discontinuation of reference rates, including increased expenses and litigation and the effectiveness of hedging strategies; 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 Corporation’s exposures to such risks, including direct, indirect and operational; the impact of U.S. and global interest rates (including the potential for ongoing reductions in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including tariffs, and potential geopolitical instability; the impact of the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation’s assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of supply chain disruptions, inflationary pressures and labor shortages on economic conditions and our business; potential losses related to the Corporation’s concentration of credit risk; the Corporation's ability to achieve its expense targets and expectations regarding revenue, net interest income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; adverse changes to the Corporation’s credit ratings from the major credit rating agencies; an inability to access capital markets or maintain deposits or borrowing costs; estimates of the fair value and other accounting values, subject to impairment assessments, of certain of the Corporation’s assets and liabilities; the estimated or actual impact of changes in accounting standards or assumptions in applying those standards; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements; the impact of adverse changes to total loss-absorbing capacity requirements, stress capital buffer requirements and / or global systemically important bank surcharges; the potential impact of actions of the Board of Governors of the Federal Reserve System on the Corporation’s capital plans; the effect of changes in or interpretations of income tax laws and regulations; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including, but not limited to, recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation’s operations or information systems, or those of third parties, including as a result of cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental, social and governance goals and commitments or the impact of any changes in the Corporation's sustainability strategy or commitments generally; the impact of uncertain or changing political conditions or any future federal government shutdown and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary or regulatory policy; the emergence or continuation of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflict in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and other matters. Forward-looking statements speak only as of the date they are made, and the Corporation 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. “Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”) or other affiliates, including, in the United States, BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, each of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is registered as a futures commission merchant with the CFTC and is a member of the NFA. 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, including dividend announcements and other important information, visit the Bank of America newsroom at https:// newsroom.bankofamerica.com.* www.bankofamerica.com* * Website content is not incorporated by reference into this press release.

Current-period information is preliminary and based on company data available at the time of the presentation. 14 Bank of America Corporation and Subsidiaries Selected Financial Data (In millions, except per share data) Nine Months Ended September 30 Third Quarter 2024 Second Quarter 2024 Third Quarter 2023Summary Income Statement 2024 2023 Net interest income $ 41,701 $ 42,985 $ 13,967 $ 13,702 $ 14,379 Noninterest income 34,839 33,637 11,378 11,675 10,788 Total revenue, net of interest expense 76,540 76,622 25,345 25,377 25,167 Provision for credit losses 4,369 3,290 1,542 1,508 1,234 Noninterest expense 50,025 48,114 16,479 16,309 15,838 Income before income taxes 22,146 25,218 7,324 7,560 8,095 Income tax expense 1,679 1,847 428 663 293 Net income $ 20,467 $ 23,371 $ 6,896 $ 6,897 $ 7,802 Preferred stock dividends 1,363 1,343 516 315 532 Net income applicable to common shareholders $ 19,104 $ 22,028 $ 6,380 $ 6,582 $ 7,270 Average common shares issued and outstanding 7,894.7 8,041.3 7,818.0 7,897.9 8,017.1 Average diluted common shares issued and outstanding 7,965.0 8,153.4 7,902.1 7,960.9 8,075.9 Summary Average Balance Sheet Total cash and cash equivalents $ 361,436 $ 332,070 $ 344,216 $ 369,631 $ 378,955 Total debt securities 859,578 791,339 883,562 852,427 752,569 Total loans and leases 1,053,055 1,044,756 1,059,728 1,051,472 1,046,254 Total earning assets 2,888,842 2,727,935 2,917,697 2,887,935 2,738,699 Total assets 3,272,856 3,133,415 3,296,171 3,274,988 3,128,466 Total deposits 1,912,741 1,881,655 1,920,748 1,909,925 1,876,153 Common shareholders’ equity 266,145 253,182 269,001 265,290 256,578 Total shareholders’ equity 293,638 281,579 294,985 293,403 284,975 Performance Ratios Return on average assets 0.84 % 1.00 % 0.83 % 0.85 % 0.99 % Return on average common shareholders’ equity 9.59 11.63 9.44 9.98 11.24 Return on average tangible common shareholders’ equity (1) 13.02 16.09 12.76 13.57 15.47 Per Common Share Information Earnings $ 2.42 $ 2.74 $ 0.82 $ 0.83 $ 0.91 Diluted earnings 2.40 2.72 0.81 0.83 0.90 Dividends paid 0.74 0.68 0.26 0.24 0.24 Book value 35.37 32.65 35.37 34.39 32.65 Tangible book value (1) 26.25 23.79 26.25 25.37 23.79 Summary Period-End Balance Sheet September 30 2024 June 30 2024 September 30 2023 Total cash and cash equivalents $ 295,332 $ 320,632 $ 351,726 Total debt securities 892,989 878,417 778,873 Total loans and leases 1,075,800 1,056,785 1,049,149 Total earning assets 2,921,286 2,880,851 2,761,184 Total assets 3,324,036 3,257,996 3,153,090 Total deposits 1,930,352 1,910,491 1,884,601 Common shareholders’ equity 271,958 267,344 258,667 Total shareholders’ equity 296,512 293,892 287,064 Common shares issued and outstanding 7,688.8 7,774.8 7,923.4 Nine Months Ended September 30 Third Quarter 2024 Second Quarter 2024 Third Quarter 2023Credit Quality 2024 2023 Total net charge-offs $ 4,565 $ 2,607 $ 1,534 $ 1,533 $ 931 Net charge-offs as a percentage of average loans and leases outstanding (2) 0.58 % 0.34 % 0.58 % 0.59 % 0.35 % Provision for credit losses $ 4,369 $ 3,290 $ 1,542 $ 1,508 $ 1,234 September 30 2024 June 30 2024 September 30 2023 Total nonperforming loans, leases and foreclosed properties (3) $ 5,824 $ 5,691 $ 4,993 Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3) 0.54 % 0.54 % 0.48 % Allowance for credit losses $ 14,351 $ 14,342 $ 14,640 Allowance for loan and lease losses 13,251 13,238 13,287 Allowance for loan and lease losses as a percentage of total loans and leases outstanding (2) 1.24 % 1.26 % 1.27 % For footnotes, see page 15.

Current-period information is preliminary and based on company data available at the time of the presentation. 15 Bank of America Corporation and Subsidiaries Selected Financial Data (continued) (Dollars in millions) Capital Management September 30 2024 June 30 2024 September 30 2023 Regulatory capital metrics (4): Common equity tier 1 capital $ 199,805 $ 198,119 $ 194,230 Common equity tier 1 capital ratio - Standardized approach 11.8 % 11.9 % 11.9 % Common equity tier 1 capital ratio - Advanced approaches 13.5 13.5 13.5 Total capital ratio - Standardized approach 14.9 15.1 15.4 Total capital ratio - Advanced approaches 16.3 16.4 16.8 Tier 1 leverage ratio 6.9 7.0 7.3 Supplementary leverage ratio 5.9 6.0 6.2 Total ending equity to total ending assets ratio 8.9 9.0 9.1 Common equity ratio 8.2 8.2 8.2 Tangible equity ratio (5) 7.0 7.0 7.0 Tangible common equity ratio (5) 6.2 6.2 6.1 (1) 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 ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. See Reconciliations to GAAP Financial Measures on page 19. (2) Ratios do not include loans accounted for under the fair value option. Charge-off ratios are annualized for the quarterly presentation. (3) Balances do not include past due consumer credit card loans, 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, and nonperforming loans held-for-sale or accounted for under the fair value option. (4) Regulatory capital ratios at September 30, 2024 are preliminary. Bank of America Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. (5) 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 ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. See Reconciliations to GAAP Financial Measures on page 19.

Current-period 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 and All Other (Dollars in millions) Third Quarter 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 10,418 $ 5,762 $ 5,834 $ 5,630 $ (2,152) Provision for credit losses 1,302 7 229 7 (3) Noninterest expense 5,534 4,340 2,991 3,443 171 Net income 2,687 1,061 1,895 1,548 (295) Return on average allocated capital (1) 25 % 23 % 15 % 14 % n/m Balance Sheet Average Total loans and leases $ 313,781 $ 225,355 $ 371,216 $ 140,806 $ 8,570 Total deposits 938,364 279,999 549,629 34,952 117,804 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Period end Total loans and leases $ 316,097 $ 227,318 $ 375,159 $ 148,447 $ 8,779 Total deposits 944,358 283,432 556,953 35,142 110,467 Second Quarter 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 10,206 $ 5,574 $ 6,053 $ 5,459 $ (1,755) Provision for credit losses 1,281 7 235 (13) (2) Noninterest expense 5,464 4,199 2,899 3,486 261 Net income (loss) 2,595 1,026 2,116 1,410 (250) Return on average allocated capital (1) 24 % 22 % 17 % 13 % n/m Balance Sheet Average Total loans and leases $ 312,254 $ 222,776 $ 372,738 $ 135,106 $ 8,598 Total deposits 949,180 287,678 525,357 31,944 115,766 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Period end Total loans and leases $ 312,801 $ 224,837 $ 372,421 $ 138,441 $ 8,285 Total deposits 952,473 281,283 522,525 33,151 121,059 Third Quarter 2023 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 10,472 $ 5,321 $ 6,203 $ 4,942 $ (1,618) Provision for credit losses 1,397 (6) (119) (14) (24) Noninterest expense 5,256 3,950 2,804 3,235 593 Net income 2,864 1,033 2,568 1,248 89 Return on average allocated capital (1) 27 % 22 % 21 % 11 % n/m Balance Sheet Average Total loans and leases $ 310,761 $ 218,569 $ 376,214 $ 131,298 $ 9,412 Total deposits 980,051 291,770 504,432 31,890 68,010 Allocated capital (1) 42,000 18,500 49,250 45,500 n/m Period end Total loans and leases $ 313,216 $ 218,913 $ 373,351 $ 134,386 $ 9,283 Total deposits 982,302 290,732 494,938 31,041 85,588 (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. n/m = not meaningful The Company reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis.

Current-period 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 and All Other (Dollars in millions) Nine Months Ended September 30, 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 30,790 $ 16,927 $ 17,867 $ 16,972 $ (5,551) Provision for credit losses 3,733 1 693 (42) (16) Noninterest expense 16,473 12,803 8,902 10,421 1,426 Net income (loss) 7,938 3,092 5,997 4,681 (1,241) Return on average allocated capital (1) 25 % 22 % 16 % 14 % n/m Balance Sheet Average Total loans and leases $ 313,027 $ 222,260 $ 372,516 $ 136,572 $ 8,680 Total deposits 946,640 288,319 533,620 33,167 110,995 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Period end Total loans and leases $ 316,097 $ 227,318 $ 375,159 $ 148,447 $ 8,779 Total deposits 944,358 283,432 556,953 35,142 110,467 Nine Months Ended September 30, 2023 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 31,702 $ 15,878 $ 18,868 $ 15,439 $ (4,843) Provision for credit losses 3,753 32 (347) (71) (77) Noninterest expense 16,182 11,942 8,563 9,935 1,492 Net income 8,825 2,928 7,776 4,042 (200) Return on average allocated capital (1) 28 % 21 % 21 % 12 % n/m Balance Sheet Average Total loans and leases $ 307,091 $ 219,530 $ 380,076 $ 128,317 $ 9,742 Total deposits 1,004,041 300,308 498,224 33,725 45,357 Allocated capital (1) 42,000 18,500 49,250 45,500 n/m Period end Total loans and leases $ 313,216 $ 218,913 $ 373,351 $ 134,386 $ 9,283 Total deposits 982,302 290,732 494,938 31,041 85,588 (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. n/m = not meaningful

Current-period information is preliminary and based on company data available at the time of the presentation. 18 Bank of America Corporation and Subsidiaries Supplemental Financial Data (Dollars in millions) Nine Months Ended September 30 Third Quarter 2024 Second Quarter 2024 Third Quarter 2023FTE basis data (1) 2024 2023 Net interest income $ 42,166 $ 43,407 $ 14,114 $ 13,862 $ 14,532 Total revenue, net of interest expense 77,005 77,044 25,492 25,537 25,320 Net interest yield 1.95 % 2.12 % 1.92 % 1.93 % 2.11 % Efficiency ratio 64.96 62.45 64.64 63.86 62.55 Other Data September 30 2024 June 30 2024 September 30 2023 Number of financial centers - U.S. 3,741 3,786 3,862 Number of branded ATMs - U.S. 14,900 14,972 15,253 Headcount 213,491 212,318 212,752 (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 meaningful information on the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax- exempt sources and is consistent with industry practices. Net interest income includes FTE adjustments of $465 million and $422 million for the nine months ended September 30, 2024 and 2023, $147 million and $160 million for the third and second quarters of 2024, and $153 million for the third quarter of 2023.

Current-period information is preliminary and based on company data available at the time of the presentation. 19 The Corporation evaluates its business using certain non-GAAP financial measures, including pretax, pre-provision income (as defined in Endnote G on page 10) and ratios that utilize tangible equity and tangible assets, each of which is a non-GAAP financial measure. Tangible equity represents shareholders’ equity or common shareholders’ equity reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities (“adjusted” shareholders’ equity or common shareholders’ equity). Return on average tangible common shareholders’ equity measures the Corporation’s net income applicable to common shareholders as a percentage of adjusted average common shareholders’ equity. The tangible common equity ratio represents adjusted ending common shareholders’ equity divided by total tangible assets (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 net income as a percentage of adjusted average total shareholders’ equity. The tangible equity ratio represents adjusted ending shareholders’ equity divided by total tangible assets. 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. See the tables below for reconciliations of these non-GAAP financial measures to the most directly comparable financial measures defined by GAAP for the nine months ended September 30, 2024 and 2023, and the three months ended September 30, 2024, June 30, 2024 and September 30, 2023. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate these non-GAAP financial measures differently. Bank of America Corporation and Subsidiaries Reconciliations to GAAP Financial Measures (Dollars in millions, except per share information) Nine Months Ended September 30 Third Quarter 2024 Second Quarter 2024 Third Quarter 2023 2024 2023 Reconciliation of income before income taxes to pretax, pre-provision income Income before income taxes $ 22,146 $ 25,218 $ 7,324 $ 7,560 $ 8,095 Provision for credit losses 4,369 3,290 1,542 1,508 1,234 Pretax, pre-provision income $ 26,515 $ 28,508 $ 8,866 $ 9,068 $ 9,329 Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity Shareholders’ equity $ 293,638 $ 281,579 $ 294,985 $ 293,403 $ 284,975 Goodwill (69,021) (69,022) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,971) (2,049) (1,951) (1,971) (2,029) Related deferred tax liabilities 869 895 864 869 890 Tangible shareholders’ equity $ 223,515 $ 211,403 $ 224,877 $ 223,280 $ 214,815 Preferred stock (27,493) (28,397) (25,984) (28,113) (28,397) Tangible common shareholders’ equity $ 196,022 $ 183,006 $ 198,893 $ 195,167 $ 186,418 Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity Shareholders’ equity $ 296,512 $ 287,064 $ 296,512 $ 293,892 $ 287,064 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,938) (2,016) (1,938) (1,958) (2,016) Related deferred tax liabilities 859 886 859 864 886 Tangible shareholders’ equity $ 226,412 $ 216,913 $ 226,412 $ 223,777 $ 216,913 Preferred stock (24,554) (28,397) (24,554) (26,548) (28,397) Tangible common shareholders’ equity $ 201,858 $ 188,516 $ 201,858 $ 197,229 $ 188,516 Reconciliation of period-end assets to period-end tangible assets Assets $ 3,324,036 $ 3,153,090 $ 3,324,036 $ 3,257,996 $ 3,153,090 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,938) (2,016) (1,938) (1,958) (2,016) Related deferred tax liabilities 859 886 859 864 886 Tangible assets $ 3,253,936 $ 3,082,939 $ 3,253,936 $ 3,187,881 $ 3,082,939 Book value per share of common stock Common shareholders’ equity $ 271,958 $ 258,667 $ 271,958 $ 267,344 $ 258,667 Ending common shares issued and outstanding 7,688.8 7,923.4 7,688.8 7,774.8 7,923.4 Book value per share of common stock $ 35.37 $ 32.65 $ 35.37 $ 34.39 $ 32.65 Tangible book value per share of common stock Tangible common shareholders’ equity $ 201,858 $ 188,516 $ 201,858 $ 197,229 $ 188,516 Ending common shares issued and outstanding 7,688.8 7,923.4 7,688.8 7,774.8 7,923.4 Tangible book value per share of common stock $ 26.25 $ 23.79 $ 26.25 $ 25.37 $ 23.79

Bank of America 3Q24 Financial Results October 15, 2024

Note: Amounts may not total due to rounding. 1 For more information on reserve build (release), see note A on slide 31. 2 Represent non-GAAP financial measures. For more information on pretax, pre-provision income and a reconciliation to the most directly comparable GAAP financial measure, see note B on slide 31. For important presentation information about these measures, see slide 34. Summary Income Statement ($B, except per share data) 3Q24 2Q24 Inc / (Dec) 3Q23 Inc / (Dec) Total revenue, net of interest expense $25.3 $25.4 $— — % $25.2 $0.2 1 % Provision for credit losses 1.5 1.5 — 2 1.2 0.3 25 Net charge-offs 1.5 1.5 — — 0.9 0.6 65 Reserve build (release)1 — — — N/M 0.3 (0.3) (97) Noninterest expense 16.5 16.3 0.2 1 15.8 0.6 4 Pretax income 7.3 7.6 (0.2) (3) 8.1 (0.8) (10) Pretax, pre-provision income2 8.9 9.1 (0.2) (2) 9.3 (0.5) (5) Income tax expense 0.4 0.7 (0.2) (35) 0.3 0.1 46 Net income $6.9 $6.9 $— — $7.8 ($0.9) (12) Diluted earnings per share $0.81 $0.83 ($0.02) (2) $0.90 ($0.09) (10) Average diluted common shares (in millions) 7,902 7,961 (59) (1) 8,076 (174) (2) Return Metrics and Efficiency Ratio Return on average assets 0.83 % 0.85 % 0.99 % Return on average common shareholders' equity 9.4 10.0 11.2 Return on average tangible common shareholders' equity2 12.8 13.6 15.5 Efficiency ratio 65 64 63 3Q24 Financial Results 2

#3 investment banking fee ranking4 Grew total YTD investment banking fees 27% YoY to $4.5B Grew Middle Market average loans 5% YoY5 Grew average deposits 9% YoY 10 consecutive quarters of YoY sales and trading revenue growth Highest 3Q sales and trading revenue in over a decade Record YTD Equities sales and trading revenue Record average loan balances of $141B, up 7% YoY; 16 consecutive quarters of growth Added ~5,500 net new relationships across Merrill and Private Bank Opened ~30,000 new bank accounts; over 60% of clients have banking relationship Record client balances of $4.2T, up 18% YoY YTD AUM flows of $57B, up 30% YoY Continued Organic Growth in 3Q24 3 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets Added ~360,000 net new checking accounts; 23 consecutive quarters of growth Added ~1MM credit card accounts1 Record consumer investment assets of $497B,2 up 28% YoY; 3.9MM accounts, up 4% 14 consecutive quarters of Small Business loan growth; Practice Solutions loan balances up 11% YoY $5.9T total deposits, loans, and investment balances $62B total net wealth spectrum flows since 3Q233 Note: Balance sheet metrics are end of period unless otherwise noted. 1 Includes credit cards across Consumer Banking, Small Business, and Global Wealth & Investment Management (GWIM). 2 Consumer investment assets include client brokerage assets, deposit sweep balances, Bank of America N.A. brokered certificates of deposit (CDs), and assets under management (AUM) in Consumer Banking. 3 Includes net client flows across Merrill, Private Bank, and Consumer Investments. 4 Source: Dealogic as of September 30, 2024. 5 Includes loans to Global Commercial Banking clients, excluding commercial real estate and specialized industries.

Note: Represent select 3Q24 digital adoption and engagement statistics. For more information, see line of business digital updates on slides 25, 27, and 29. 1 Consumer digital adoption represents households with consumer bank login activities in a 90-day period, as of August 2024. Merrill represents Merrill primary households ($250K+ in investable assets within the enterprise) and excludes Stock Plan and Banking-only households, as of September 2024. Private Bank represents Private Bank core relationships ($3MM+ in total balances), including third-party activities and excluding Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships, as of August 2024. Global Banking represents 90-day active relationship clients (clients meeting revenue threshold for Global Commercial Banking and Business Banking, and all clients in Global Corporate and Investment Banking) across CashPro and BA360 channels, as of August 2024. 2 Digital active users represents Consumer and Merrill mobile and / or online 90-day active users. 3 Consumer digital logins represents the total number of desktop and mobile banking sessions on the Consumer Banking platform. 4 GWIM digital logins represents the total number of desktop and mobile banking sessions on the Consumer Banking, Merrill, and Private Bank platforms. 5 Includes CashPro, BA360, and Global Card Access. BA360 as of August 2024. 6 Represents 90-day active users. 7 Includes mobile check deposits, remote deposit operations, and automated teller machine (ATM) transactions. 23MM active Zelle® users6 256MM Zelle® sent transactions were 2.7x more than checks written 3Q24 Digital Update Additional line of business digital updates on slides 25, 27, and 29 4 Digital Adoption %1 72% commercial cardholders using Global Card Access 476K self-service card requests 17% card call volume reduction 75% eligible Merrill bank and brokerage accounts opened through digital onboarding 75% eligible checks deposited through automated channels7 Client Engagement Impact Creating an innovative digital experience for our clients Online Mobile Connect API YoY 48MM digital active users2 +4% 3.6B digital logins3 +11% 20MM active Erica® users +5% YoY 741K digital active households1 +4% 86MM digital logins4 +26% $547MM digital wallet volume +54% YoY 2MM mobile app sign-ins5 +25% $283B CashPro® app payments +47% $6T+ capital markets orders processed on Deal Central platform over past 12 months GWIM Merrill 84% | Private Bank 92% Consumer 77% Global Banking 87%

Note: Amounts may not total due to rounding. 1 ROE stands for return on average common shareholders’ equity. 2 Represent non-GAAP financial measures. For important presentation information about these measures, see slide 34. ROTCE stands for return on average tangible common shareholders’ equity. FTE stands for fully taxable-equivalent basis. 3 Excludes loans measured at fair value. 4 See note C on slide 31 for definition of Global Liquidity Sources. 5 Standardized approach. 3Q24 Highlights (Comparisons to 3Q23, unless otherwise noted) • Net income of $6.9B; diluted earnings per share of $0.81; ROE1 9.4%, ROTCE2 12.8% • Revenue, net of interest expense, of $25.3B ($25.5B FTE)2 increased $0.2B, or 1%, reflecting higher asset management and investment banking fees, as well as sales and trading revenue and lower net interest income (NII) – NII of $14.0B ($14.1B FTE)2 decreased $0.4B, or 3%, as higher deposit costs more than offset higher asset yields and loan growth • Provision for credit losses of $1.5B was flat to 2Q24 and up from $1.2B in 3Q23 – Net charge-offs (NCOs)3 of $1.5B were flat to 2Q24 and increased from 3Q23, driven primarily by commercial and credit card – Net reserve build of $8MM vs. net reserve release of $25MM in 2Q24 and net reserve build of $303MM in 3Q23 • Noninterest expense of $16.5B increased $0.6B, or 4%, driven primarily by revenue-related expenses • Balance sheet remained strong – Average deposits of $1.92T increased $45B, or 2% – Average loans and leases of $1.06T increased $13B, or 1% – Average Global Liquidity Sources4 of $947B – Common Equity Tier 1 (CET1) capital of $200B increased $2B from 2Q24 – Returned $5.6B to shareholders ▪ Paid $2.0B in common dividends; increased quarterly common dividend per share by 8% ▪ Repurchased $3.5B of common stock, including repurchases to offset shares awarded under equity-based compensation plans – CET1 ratio of 11.8%5 decreased 10 bps from 2Q24; 112 bps above new regulatory minimum, effective Oct. 1, 2024 5

Balance Sheet Metrics 3Q24 2Q24 3Q23 Basel 3 Capital ($B)4 3Q24 2Q24 3Q23 Assets ($B) Common equity tier 1 capital $200 $198 $194 Total assets $3,324 $3,258 $3,153 Standardized approach Total loans and leases 1,076 1,057 1,049 Risk-weighted assets (RWA) $1,690 $1,661 $1,632 Cash and cash equivalents 295 321 352 CET1 ratio 11.8 % 11.9 % 11.9 % Total debt securities 893 878 779 Advanced approaches Carried at fair value 325 301 176 Risk-weighted assets $1,484 $1,469 $1,441 Held-to-maturity, at cost 568 577 603 CET1 ratio 13.5 % 13.5 % 13.5 % Supplementary leverage Funding & Liquidity ($B) Supplementary Leverage Ratio 5.9 % 6.0 % 6.2 % Total deposits $1,930 $1,910 $1,885 Long-term debt 297 290 290 Global Liquidity Sources (average)2 947 909 859 Equity ($B) Common shareholders' equity $272 $267 $259 Common equity ratio 8.2 % 8.2 % 8.2 % Tangible common shareholders' equity3 $202 $197 $189 Tangible common equity ratio3 6.2 % 6.2 % 6.1 % Per Share Data Book value per common share $35.37 $34.39 $32.65 Tangible book value per common share3 26.25 25.37 23.79 Common shares outstanding (in billions) 7.69 7.77 7.92 1 EOP stands for end of period. 2 See note C on slide 31 for definition of Global Liquidity Sources. 3 Represent non-GAAP financial measures. For important presentation information about these measures, see slide 34. 4 Regulatory capital ratios at September 30, 2024, are preliminary. Bank of America Corporation (the Corporation) reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. Balance Sheet, Liquidity, and Capital (EOP1 basis unless noted) 6 • CET1 ratio of 11.8% decreased 10 bps from 2Q244 – CET1 capital of $200B increased $2B – Standardized RWA of $1.69T increased $29B • Book value per share of $35.37 improved 8% from 3Q23; tangible book value per share of $26.25 improved 10% from 3Q233 • Average Global Liquidity Sources of $947B increased $38B compared to 2Q242

$1,963 $1,926 $1,894 $1,875 $1,876 $1,905 $1,907 $1,910 $1,921 Interest-bearing Noninterest-bearing Total rate paid 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $750 $1,500 $2,250 0.00% 1.00% 2.00% 3.00% 4.00% Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($B) Average Deposits and Rate Paid Trends 7 $1,069 $1,047 $1,026 $1,006 $980 $959 $952 $949 $938 Other deposits Low-interest and noninterest checking Total rate paid 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $400 $800 $1,200 0.00% 1.00% 2.00% 3.00% 4.00% $339 $318 $314 $295 $292 $292 $297 $288 $280 Bank deposits Sweep deposits Total rate paid 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $100 $200 $300 $400 0.00% 2.00% 4.00% 6.00% $495 $503 $493 $498 $504 $528 $526 $525 $550 Interest-bearing Noninterest-bearing Total rate paid 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $200 $400 $600 0.00% 2.00% 4.00% 6.00% Note: Total Corporation also includes Global Markets and All Other. 1 Includes Preferred Deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 1 2.10% 0.65% 3.13% 3.27%

$1,037 $1,041 $1,039 $1,043 $1,051 311 313 313 312 314 219 219 219 223 225 376 375 374 373 371 131 134 134 135 141 Consumer Banking GWIM Global Banking Global Markets 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $250 $500 $750 $1,000 $1,250 $1,046 $1,051 $1,048 $1,051 $1,060 3Q23 4Q23 1Q24 2Q24 3Q24 $800 $900 $1,000 $1,100 +1% +3% (1%) +7% Average Loan and Lease Trends YoY +1% YoY +1% Note: Amounts may not total due to rounding. 1 Includes residential mortgage and home equity. 2 Includes direct / indirect and other consumer and commercial lease financing. Total Loans and Leases by Product ($B) Loans and Leases in Business Segments ($B) Total Loans and Leases by Portfolio ($B)Total Loans and Leases ($B) $457 $459 $456 $456 $458 $589 $592 $591 $596 $602 Consumer Commercial 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $250 $500 $750 8 $1,046 $1,051 $1,048 $1,051 $1,060 378 379 380 386 392 255 255 253 253 253 124 125 125 123 125 118 118 118 119 120 98 100 100 99 100 74 73 72 71 69 U.S. commercial Home lending Non-U.S. commercial Other Consumer credit card Commercial real estate 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $250 $500 $750 $1,000 $1,250 2 1

• Net interest income of $14.0B ($14.1B FTE)1 – Increased $0.3B from 2Q24, driven by fixed-rate asset repricing, higher NII related to Global Markets (GM) activity, and one additional day of interest accrual, partially offset by higher deposit costs – Decreased $0.4B YoY, as higher deposit costs more than offset higher asset yields, higher NII related to GM activity, and loan growth • Net interest yield of 1.92% decreased 1 bp from 2Q24 and 19 bps YoY – Excluding GM, net interest yield of 2.40%1 • As of September 30, 2024, a -100 bps parallel shift in the interest rate yield curve was estimated to reduce net interest income by $2.7B over the next 12 months2 Net Interest Income (FTE, $B)1 Net Interest Income Net Interest Yield (FTE)1 Note: Amounts may not total due to rounding. FTE stands for fully taxable-equivalent basis. 1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $0.9B, $0.8B, $0.7B, $0.6B, and $0.7B and average earning assets of $728.2B, $706.4B, $692.9B, $667.1B, and $656.0B for 3Q24, 2Q24, 1Q24, 4Q23, and 3Q23, respectively. The Corporation believes the presentation of NII and net interest yield excluding Global Markets provides investors with transparency of NII and net interest yield in core banking activities. For important presentation information, see slide 34. 2 NII asset sensitivity represents banking book sensitivity in dynamic deposits scenario. See note D on slide 31 for information on asset sensitivity assumptions. 2.11% 1.97% 1.99% 1.93% 1.92% 2.64% 2.47% 2.50% 2.41% 2.40% Reported net interest yield Net interest yield excl. GM 3Q23 4Q23 1Q24 2Q24 3Q24 1.50% 2.00% 2.50% 3.00% $14.5 $14.1 $14.2 $13.9 $14.1 $14.4 $13.9 $14.0 $13.7 $14.0 Net interest income (GAAP) FTE adjustment 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $5.0 $10.0 $15.0 9 Net Interest Income excl. GM (FTE, $B)1 $14.5 $14.1 $14.2 $13.9 $14.1 $13.9 $13.5 $13.5 $13.1 $13.2 NII excl. GM GM NII 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $5.0 $10.0 $15.0

• 3Q24 noninterest expense of $16.5B – Increased $0.2B, or 1%, vs. 2Q24, driven primarily by higher revenue-related expenses and investments in the franchise, including technology – Increased $0.6B, or 4%, vs. 3Q23, driven primarily by revenue-related expenses and investments in the franchise, including people and technology $15.8 $17.7 $17.2 $16.3 $16.5 9.6 9.5 10.2 9.8 9.9 6.3 6.1 6.3 6.5 6.6 2.1 0.7 Compensation and benefits Other FDIC special assessment 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $10.0 $20.0 63% 66% 64% 64% 65% 3Q23 4Q23 1Q24 2Q24 3Q24 55% 60% 65% 70% Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency 10 1 $16.51 Note: Amounts may not total due to rounding. 1 Represent non-GAAP financial measures. For important presentation information about these measures, see slide 34. 1Q24 adjusted noninterest expense of $16.5B is calculated as reported noninterest expense of $17.2B less the FDIC special assessment accrual of $0.7B. 4Q23 adjusted noninterest expense of $15.6B is calculated as reported noninterest expense of $17.7B, less the FDIC special assessment accrual of $2.1B. Adjusted 1Q24 efficiency ratio is calculated as the reported 1Q24 efficiency ratio of 67% less 271 bps for the impact of the FDIC special assessment accrual. Adjusted 4Q23 efficiency ratio is calculated as the reported 4Q23 efficiency ratio of 81% less 1,430 bps for the combined impact of the net pretax charge of $1.6B recorded in noninterest income related to the future cessation of BSBY, as well as the $2.1B pretax noninterest expense for the FDIC special assessment accrual. $15.61 1 .

Asset Quality 1 Excludes loans measured at fair value. 2 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. Provision for Credit Losses ($MM) Net Charge-offs ($MM)1 $1,234 $1,104 $1,319 $1,508 $1,542 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $400 $800 $1,200 $1,600 $931 $1,192 $1,498 $1,533 $1,534 0.35% 0.45% 0.58% 0.59% 0.58% Net charge-offs Net charge-off ratio 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $400 $800 $1,200 $1,600 0.00% 0.25% 0.50% 0.75% 1.00% 11 • Total net charge-offs of $1.5B were flat vs. 2Q241 – Consumer net charge-offs of $1.0B decreased $15MM, driven by lower credit card losses ▪ Credit card loss rate of 3.70% in 3Q24 vs. 3.88% in 2Q24 – Commercial net charge-offs of $490MM increased $16MM ▪ Commercial real estate NCOs declined $101MM ▪ Commercial and industrial NCOs increased $111MM, driven by two borrowers – Net charge-off ratio of 0.58% decreased 1 bp from 2Q24 • Provision for credit losses of $1.5B increased $34MM vs. 2Q24 – Net reserve build of $8MM in 3Q24 vs. net reserve release of $25MM in 2Q24 • Allowance for loan and lease losses of $13.3B represented 1.24% of total loans and leases1,2 – Total allowance of $14.4B included $1.1B for unfunded commitments • Nonperforming loans (NPLs) of $5.6B increased $0.2B from 2Q24

Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios 1 Excludes loans measured at fair value. 2 Fully-insured loans are FHA-insured loans and other loans individually insured under long-term standby agreements. 3 C&I includes commercial and industrial and commercial lease financing. $127 $279 $470 $474 $490 0.09% 0.19% 0.32% 0.32% 0.33% Small business Commercial real estate C&I Commercial NCO ratio 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $200 $400 $600 0.00% 0.20% 0.40% 0.60% $804 $913 $1,028 $1,059 $1,044 0.70% 0.79% 0.91% 0.93% 0.91% Credit card Other Consumer NCO ratio 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $400 $800 $1,200 0.00% 0.50% 1.00% 1.50% Commercial Metrics ($MM) 3Q24 2Q24 3Q23 Provision $417 $414 $16 Reservable criticized utilized exposure 27,439 24,761 23,722 Nonperforming loans and leases 2,952 2,802 2,041 % of loans and leases1 0.48 % 0.47 % 0.35 % Allowance for loans and leases $4,658 $4,724 $5,120 % of loans and leases1 0.76 % 0.79 % 0.87 % Consumer Metrics ($MM) 3Q24 2Q24 3Q23 Provision $1,125 $1,094 $1,218 Nonperforming loans and leases 2,677 2,671 2,792 % of loans and leases1 0.58 % 0.58 % 0.61 % Consumer 30+ days performing past due $4,463 $4,346 $3,975 Fully-insured2 463 466 523 Non fully-insured 4,000 3,880 3,452 Consumer 90+ days performing past due 1,522 1,474 1,282 Allowance for loans and leases 8,593 8,514 8,167 % of loans and leases1 1.87 % 1.86 % 1.78 % # times annualized NCOs 2.07 x 2.00 x 2.56 x 12 3

• Net income of $2.7B • Revenue of $10.4B decreased 1% from 3Q23 • Provision for credit losses of $1.3B decreased $95MM, or 7%, from 3Q23 – Net reserve build of $127MM vs. $486MM in 3Q23 – Net charge-offs of $1.2B increased $264MM from 3Q23, driven by credit card • Noninterest expense of $5.5B increased 5% compared to 3Q23, driven by investments in the business, including people and technology – Efficiency ratio of 53% • Average deposits of $938B decreased $42B, or 4%, from 3Q23 – 58% of deposits in checking accounts; 92% are primary accounts5 • Average loans and leases of $314B increased $3B, or 1%, from 3Q23 • Combined credit / debit card spend of $232B increased 3% from 3Q234 • Record consumer investment assets of $497B grew $109B, or 28%, from 3Q23,3 driven by higher market valuations and $29B of net client flows from new and existing clients – 3.9MM consumer investment accounts, up 4% • 11.2MM clients enrolled in Preferred Rewards, up 4% from 3Q236 – 99% annualized retention rate • 77% of households digitally active, up from 74% in 3Q237 Consumer Banking 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note B on slide 31. For important presentation information, see slide 34. 2 Cost of deposits calculated as annualized noninterest expense as a percentage of total average deposits within the Deposits sub-segment. 3 End of period. Consumer investment assets includes client brokerage assets, deposit sweep balances, Bank of America, N.A. brokered CDs, and AUM in Consumer Banking. 4 Includes consumer credit card portfolios in Consumer Banking and GWIM. 5 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit). 6 As of August 2024. Includes clients in Consumer, Small Business, and GWIM. 7 As of August 2024. Represents households with consumer bank login activities in a 90-day period. Inc / (Dec) Summary Income Statement ($MM) 3Q24 2Q24 3Q23 Total revenue, net of interest expense $10,418 $212 ($54) Provision for credit losses 1,302 21 (95) Noninterest expense 5,534 70 278 Pretax income 3,582 121 (237) Pretax, pre-provision income1 4,884 142 (332) Income tax expense 895 29 (60) Net income $2,687 $92 ($177) Key Indicators ($B) 3Q24 2Q24 3Q23 Average deposits $938.4 $949.2 $980.1 Rate paid on deposits 0.65 % 0.60 % 0.34 % Cost of deposits2 1.46 1.44 1.32 Average loans and leases $313.8 $312.3 $310.8 Net charge-off ratio 1.49 % 1.53 % 1.16 % Net charge-offs ($MM) $1,175 $1,188 $911 Reserve build ($MM) 127 93 486 Consumer investment assets3 $496.6 $476.1 $387.5 Active mobile banking users (MM) 39.6 39.0 37.5 % Consumer sales through digital channels 54 % 53 % 46 % Number of financial centers 3,741 3,786 3,862 Combined credit / debit purchase volumes4 $231.9 $233.6 $225.3 Total consumer credit card risk-adjusted margin4 7.22 % 6.75 % 7.70 % Return on average allocated capital 25 24 27 Allocated capital $43.3 $43.3 $42.0 Efficiency ratio 53 % 54 % 50 % 13

• Net income of $1.1B • Revenue of $5.8B increased 8% from 3Q23, driven by 14% higher asset management fees, due to higher market levels and strong AUM flows • Noninterest expense of $4.3B increased 10% vs. 3Q23, driven primarily by revenue-related incentives • Client balances of $4.2T increased 18% from 3Q23, driven by higher market valuations and positive net client flows – AUM flows of $21B in 3Q24; $65B since 3Q23 • Over 60% of clients have banking relationship – Average deposits of $280B decreased $12B, or 4%, from 3Q23; rate paid on deposits declined 1 bp from 2Q24 – Average loans and leases of $225B increased $7B, or 3%, from 3Q23 • Added ~5,500 net new relationships across Merrill and Private Bank in 3Q24 • 84% of GWIM households / relationships digitally active across the enterprise, up from 83% in 3Q232 Global Wealth & Investment Management 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note B on slide 31. For important presentation information, see slide 34. 2 Digital Adoption is the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. As of August 2024 for Private Bank and as of September 2024 for Merrill. Inc / (Dec) Summary Income Statement ($MM) 3Q24 2Q24 3Q23 Total revenue, net of interest expense $5,762 $188 $441 Provision (benefit) for credit losses 7 — 13 Noninterest expense 4,340 141 390 Pretax income 1,415 47 38 Pretax, pre-provision income1 1,422 47 51 Income tax expense 354 12 10 Net income $1,061 $35 $28 Key Indicators ($B) 3Q24 2Q24 3Q23 Average deposits $280.0 $287.7 $291.8 Rate paid on deposits 3.13 % 3.14 % 2.69 % Average loans and leases $225.4 $222.8 $218.6 Net charge-off ratio 0.02 % 0.02 % 0.01 % Net charge-offs ($MM) $10 $11 $4 Reserve build (release) ($MM) (3) (4) (10) AUM flows $21.3 $10.8 $14.2 Pretax margin 25 % 25 % 26 % Return on average allocated capital 23 22 22 Allocated capital $18.5 $18.5 $18.5 14

• Net income of $1.9B • Revenue of $5.8B decreased 6% from 3Q23, driven primarily by lower net interest income – Total Corporation investment banking fees (ex. self-led) of $1.4B increased 18% vs. 3Q23; #3 investment banking fee ranking3 • Provision for credit losses of $229MM vs. $235MM in 2Q24 and a provision benefit of $119MM in 3Q23 – Net charge-offs of $358MM were relatively flat vs. 2Q24 and increased $338MM from 3Q23, driven by corporate and commercial losses and commercial real estate office – Net reserve release of $129MM vs. $111MM in 2Q24 and $139MM in 3Q23 • Noninterest expense of $3.0B increased 7% vs. 3Q23, driven by continued investments in the business, including people and technology • Average deposits of $550B increased $45B, or 9%, from 3Q23 • Average loans and leases of $371B decreased $5B, or 1%, from 3Q23 Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note B on slide 31. For important presentation information, see slide 34. 3 Source: Dealogic as of September 30, 2024. Inc / (Dec) Summary Income Statement ($MM) 3Q24 2Q24 3Q23 Total revenue, net of interest expense1 $5,834 ($219) ($369) Provision (benefit) for credit losses 229 (6) 348 Noninterest expense 2,991 92 187 Pretax income 2,614 (305) (904) Pretax, pre-provision income2 2,843 (311) (556) Income tax expense 719 (84) (231) Net income $1,895 ($221) ($673) Selected Revenue Items ($MM) 3Q24 2Q24 3Q23 Total Corporation IB fees (excl. self-led)1 $1,403 $1,561 $1,188 Global Banking IB fees1 783 835 743 Business Lending revenue 2,405 2,565 2,623 Global Transaction Services revenue 2,580 2,561 2,769 Key Indicators ($B) 3Q24 2Q24 3Q23 Average deposits $549.6 $525.4 $504.4 Average loans and leases 371.2 372.7 376.2 Net charge-off ratio 0.39 % 0.38 % 0.02 % Net charge-offs ($MM) $358 $346 $20 Reserve build (release) ($MM) (129) (111) (139) Return on average allocated capital 15 % 17 % 21 % Allocated capital $49.3 $49.3 $49.3 Efficiency ratio 51 % 48 % 45 % 15

• Net income of $1.5B ($1.6B excluding net DVA)3 • Revenue of $5.6B increased 14% from 3Q23, driven by higher sales and trading revenue and investment banking fees • Sales and trading revenue of $4.9B increased 12% from 3Q23, both including and excluding net DVA3 – FICC revenue increased 8%, to $2.9B, driven primarily by improved client activity and trading performance in currencies and interest rate products – Equities revenue increased 18%, to $2.0B, driven by strong client activity and trading performance in cash and derivatives • Noninterest expense of $3.4B increased 6% vs. 3Q23, driven by higher revenue-related expenses and investments in the business, including technology • Average VaR of $78MM in 3Q245 Global Markets1 1 The explanations for current period-over-period changes for Global Markets are the same for amounts including and excluding net DVA. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Represent non-GAAP financial measures. Reported FICC sales and trading revenue was $2.9B, $2.7B, and $2.7B for 3Q24, 2Q24, and 3Q23, respectively. Reported Equities sales and trading revenue was $2.0B, $1.9B, and $1.7B for 3Q24, 2Q24, and 3Q23, respectively. See note E on slide 31 and slide 34 for important presentation information. 4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note B on slide 31. For important presentation information, see slide 34. 5 See note F on slide 31 for the definition of VaR. Inc / (Dec) Summary Income Statement ($MM) 3Q24 2Q24 3Q23 Total revenue, net of interest expense2 $5,630 $171 $688 Net DVA (8) (7) 8 Total revenue (excl. net DVA)2,3 5,638 178 680 Provision (benefit) for credit losses 7 20 21 Noninterest expense 3,443 (43) 208 Pretax income 2,180 194 459 Pretax, pre-provision income4 2,187 214 480 Income tax expense 632 56 159 Net income $1,548 $138 $300 Net income (excl. net DVA)3 $1,554 $143 $294 Selected Revenue Items ($MM)2 3Q24 2Q24 3Q23 Sales and trading revenue $4,930 $4,679 $4,405 Sales and trading revenue (excl. net DVA)3 4,938 4,680 4,421 FICC (excl. net DVA)3 2,942 2,737 2,723 Equities (excl. net DVA)3 1,996 1,943 1,698 Global Markets IB fees 589 719 463 Key Indicators ($B) 3Q24 2Q24 3Q23 Average total assets $924.1 $908.5 $863.7 Average trading-related assets 645.6 639.8 609.7 Average 99% VaR ($MM)5 78 90 69 Average loans and leases 140.8 135.1 131.3 Net charge-offs ($MM) 1 2 13 Reserve build (release) ($MM) 6 (15) (27) Return on average allocated capital 14 % 13 % 11 % Allocated capital $45.5 $45.5 $45.5 Efficiency ratio 61 % 64 % 65 % 16

• Net loss of $0.3B • Revenue of ($2.2B) declined $0.5B from 3Q23 and included a charge in other income of approximately $0.2B related to Visa’s increase in its litigation escrow account • Noninterest expense of $0.2B decreased $0.4B from 3Q23, driven primarily by lower costs associated with a liquidating business • Total corporate effective tax rate (ETR) for the quarter was approximately 6% – Excluding discrete tax items and recurring tax credits primarily related to investments in renewable energy and affordable housing, the ETR would have been approximately 24% All Other1 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note B on slide 31. For important presentation information, see slide 34. Inc / (Dec) Summary Income Statement ($MM) 3Q24 2Q24 3Q23 Total revenue, net of interest expense ($2,152) ($397) ($534) Provision (benefit) for credit losses (3) (1) 21 Noninterest expense 171 (90) (422) Pretax income (loss) (2,320) (306) (133) Pretax, pre-provision income (loss)2 (2,323) (307) (112) Income tax (benefit) (2,025) (261) 251 Net income (loss) ($295) ($45) ($384) 17

Commercial Real Estate Loans 6.4% of Total Loans and Leases 19 Geographic Distribution ($B) $15.7 23% $13.7 20% $11.8 17% $8.0 12% $5.9 8% $6.6 10% Northeast California Southeast Southwest Midwest Midsouth Northwest Other Non-U.S. Office Portfolio Scheduled Maturities ($B) 2024-2026 $15.8 23%$13.9 20% $11.7 17% $5.4 8% $4.7 7% $14.2 21% Office Industrial / Warehouse Multi-family rental Shopping centers / Retail Hotel / Motels Multi-use Residential Other ~$68B Distribution by Property Type ($B) $2.2 3%$1.9 3% $2.7 4% $0.7 1% $2.1 3% $3.5 $3.9 $4.2 4Q24 2025 2026 • ~75% Class A property type • ~55% origination LTV • ~11% NPL to loans • $5.1B reservable criticized exposure, with ~80% LTV1 • 3Q24 NCOs of $0.2B, down $0.1B vs. 2Q24 ~$68B 1 Based on properties appraised between October 1, 2023, and September 30, 2024. Office

Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($B) Average Deposit Trends Bank of America Ranked #1 in U.S. Retail Deposit Market Share1 Note: Amounts may not total due to rounding. Total Corporation also includes Global Markets and All Other. 1 Estimated U.S. retail deposits based on June 30, 2024 FDIC deposit data. 2 Includes Preferred Deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. $256 $292 $292 $297 $288 $280 167 223 228 233 224 212 88 69 65 65 64 68 Bank deposits Sweep deposits 4Q19 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $100 $200 $300 $400 $1,410 $1,876 $1,905 $1,907 $1,910 $1,921 1,002 1,311 1,362 1,387 1,396 1,414 409 565 543 521 514 507 Interest-bearing Noninterest-bearing 4Q19 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $750 $1,500 $2,250 $379 $504 $528 $526 $525 $550 209 315 351 362 368 395 169 189 177 164 158 154 Interest-bearing Noninterest-bearing 4Q19 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $200 $400 $600 (5%) +7% +1% (1%) QoQ +1% QoQ (3%) QoQ (1%) +8% (2%) 0% QoQ +5% 20 $720 $980 $959 $952 $949 $938 377 482 478 480 477 475 343 498 482 473 472 463 Other deposits Low-interest and noninterest checking 4Q19 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $400 $800 $1,200 (2%) +41% +24% vs. 4Q19 +36% +26% (23%) vs. 4Q19 +9% +26% +35% vs. 4Q19 +30% +89% (9%) vs. 4Q19 +45% 2

• Deposits in excess of loans were $855B in 3Q24 • Excess deposits stored in cash and investment securities – 52% cash and AFS and 48% HTM in 3Q24 – Cash levels of $295B remained well above pre-pandemic ($162B in 4Q19) • AFS securities mostly hedged with floating rate swaps substantially eliminates regulatory capital impacts; duration less than 0.5 years • HTM securities book has declined $116B since peaking at $683B in 3Q21; down $36B vs. 3Q23 and $10B vs. 2Q24 – MBS1 of $439B down $10B, and U.S. Treasuries and other securities of $129B flat vs. 2Q24 • Blended cash and securities yield relatively flat vs. 2Q24 and is 153 bps above deposit rate paid 4Q19 4Q21 3Q24 $0.5T $2.5T 216 675 577 568 256 308 301 325 162 348 321 295 4Q19 3Q24 21 3.62% 2.10% Cash & securities yield Total deposit rate paid 4Q19 3Q24 0.00% 2.00% 4.00% Managing Excess Deposits Deposits in Excess of Loans (EOP, $B) Cash and Securities Portfolios ($B)1 Cash & Securities Yield vs. Deposit Rate Paid 2 $451B $1,085B $855B Deposits Loans HTM securities AFS & other securities Cash & cash equivalentsDeposits in excess of loans 4Q21 4Q21 $1,188 $1,331 $634 Note: Amounts may not total due to rounding. 1 HTM stands for held-to-maturity. AFS stands for available-for-sale. MBS stands for mortgage-backed securities. 2 Yields based on average balances. Yield on cash represents yield on interest-bearing deposits with the Federal Reserve, non-U.S. central banks, and other banks. $1,199

Total Expense ($B) and Efficiency Total Revenue ($B) Average Deposits ($B) Consumer Investment Assets ($B)2 and Accounts (MM) Average Loans and Leases ($B) Consumer Banking Trends Note: Amounts may not total due to rounding. 1 See slide 32 for business leadership sources. 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, Bank of America, N.A. brokered CDs, and AUM in Consumer Banking. $10.5 $10.3 $10.2 $10.2 $10.4 8.4 8.3 8.2 8.1 8.3 2.1 2.1 2.0 2.1 2.1 Net interest income Noninterest income 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $4.0 $8.0 $12.0 $5.3 $5.2 $5.5 $5.5 $5.5 50% 51% 54% 54% 53% Noninterest expense Efficiency ratio 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $980 $959 $952 $949 $938 482 478 480 477 475 498 482 473 472 463 Other deposits Low-interest and noninterest checking 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $250 $500 $750 $1,000 $311 $313 $313 $312 $314 117 116 116 115 115 95 97 96 96 97 55 55 56 56 56 21 21 21 21 22 23 23 24 24 25 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $100 $200 $300 $400 23 $387 $424 $456 $476 $497 3.8 3.8 3.9 3.9 3.9 Assets Accounts 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $200 $400 $600 2.0 3.0 4.0 5.0 6.0 Business Leadership1 • No. 1 in estimated U.S. Retail Deposits(A) • No. 1 Small Business Lender(B) • Best Bank in North America(C) • Best Bank in the U.S.(C) • Best Bank in the U.S. for Small and Medium Enterprises(D) • Certified by J.D. Power for Outstanding Client Satisfaction with Customer Financial Health Support – Banking & Payments(E)

1,062 889 998 951 970 3Q23 4Q23 1Q24 2Q24 3Q24 0 500 1,000 1,500 Home Equity1 New Originations ($B)5 Consumer Credit Update 1 Includes loan production within Consumer Banking and GWIM. Consumer credit card balances include average balances of $3.4B, $3.4B, and $3.3B in 3Q24, 2Q24, and 3Q23, respectively, within GWIM. 2 Calculated as the difference between total revenue, net of interest expense, and net credit losses divided by average loans. 3 Digitally-enabled sales represent percentage of sales initiated and / or booked via our digital platforms. 4 Represents Consumer Banking only. 5 Amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit. Consumer Vehicle Lending4 New Originations ($B) Consumer Credit Card1 New Accounts (K) 24 Residential Mortgage1 New Originations ($B)5 Key Stats 3Q23 2Q24 3Q24 Average outstandings ($B) 98.0 99.0 99.9 NCO ratio 2.72% 3.88% 3.70% Risk-adjusted margin2 7.70% 6.75% 7.22% Average line FICO 774 777 778 Digitally-enabled sales3 68% 72% 73% $6.8 $6.1 $6.6 $6.0 $7.9 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $2.5 $5.0 $7.5 $10.0 Key Stats 3Q23 2Q24 3Q24 Average outstandings ($B) 55.2 55.7 56.0 NCO ratio 0.20% 0.40% 0.43% Average booked FICO 796 802 801 Digitally-enabled sales3 87% 89% 89% $5.6 $3.9 $3.4 $5.7 $5.3 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $2.5 $5.0 $7.5 Key Stats 3Q23 2Q24 3Q24 Average outstandings ($B)4 116.8 115.2 114.9 NCO ratio4 0.03% 0.01% 0.01% Average FICO 772 775 772 Average booked loan-to-value (LTV) 72% 72% 72% Digitally-enabled sales3 81% 79% 76% $2.4 $2.3 $1.9 $2.4 $2.3 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $1.0 $2.0 $3.0 Key Stats 3Q23 2Q24 3Q24 Average outstandings ($B)4 21.1 21.4 21.6 NCO ratio4 (0.04%) (0.06%) 0.00% Average FICO 787 793 791 Average booked combined LTV 58% 55% 55% Digitally-enabled sales3 62% 53% 52%

Erica® Active Users and Interactions6 Checks vs. Zelle® Sent Transactions (MM) Digitally-Enabled Sales5Digital Users2 and Households3 Digital Channel Usage4 1,367 1,855 1,503 1,809 43% 48% 46% 54% Digital unit sales (K) Digital as a % of total sales 3Q21 3Q22 3Q23 3Q24 0 500 1,000 1,500 2,000 0% 25% 50% 75% 100% 2,635 2,954 3,244 3,616 Digital channel usage (MM) 3Q21 3Q22 3Q23 3Q24 1,000 2,000 3,000 4,000 41 43 46 48 54 56 57 58 70% 72% 74% 77% Active users (MM) Verified users (MM) Household adoption % 3Q21 3Q22 3Q23 3Q24 20 30 40 50 60 50% 60% 70% 80% 90% 100% Client Engagement Person-to-Person Payments (Zelle®)7 Digital Volumes 202 255 323 400 $60 $77 $97 $121 Transactions (MM) Volume ($B) 3Q21 3Q22 3Q23 3Q24 0 100 200 300 400 $0 $50 $100 $150 Consumer1 Digital Update 1 Includes all households / relationships with Consumer platform activity, except where otherwise noted. 2 Digital active users represents Consumer and Merrill mobile and / or online 90-day active users. Verified users represents Consumer and Merrill users with a digital identification and password. 3 Household adoption represents households with consumer bank login activities in a 90-day period, as of August for each quarter presented. 4 Digital channel usage represents the total number of desktop and mobile banking sessions on the Consumer Banking platform. 5 Digitally-enabled sales represent sales initiated and / or booked via our digital platforms. 6 Erica engagement represents mobile and online activity across client facing platforms powered by Erica. 7 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. 15.1 17.7 21.0 23.2 users (MM) 25 Digital Adoption 104.6 133.6 169.6 166.4 Erica® interactions (MM) 3Q21 3Q22 3Q23 3Q24 0.0 50.0 100.0 150.0 200.0 127 116 104 95 133 167 208 256 Checks written Zelle® sent transactions 3Q21 3Q22 3Q23 3Q24 0 100 200 300 ~2.7x 13.0 16.1 18.7 19.7 users (MM)

Note: Amounts may not total due to rounding. 1 See slide 32 for business leadership sources. 2 End of period. Loans and leases includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet. 3 Managed deposits in investment accounts of $37B, $36B, $36B, $39B, and $36B for 3Q24, 2Q24, 1Q24, 4Q23, and 3Q23, respectively, are included in both AUM and Deposits. Total client balances only include these balances once. Average Deposits ($B) Global Wealth & Investment Management Trends Business Leadership1 • No. 1 on Forbes' Top Women Wealth Advisors (2024), Best-in-State Wealth Management Teams (2024), and Top Next Generation Advisors (2024) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2024) • No. 1 on the Financial Planning's 'Top 40 Advisors Under 40' List (2024) • No. 1 in Managed Personal Trust AUM(B) • Best Private Bank (U.S.); Best Private Bank for Philanthropic Services and Sustainable Investing (North America)(F) • Best Private Bank in the Nation; Best Private Bank for Family Office and OCIO(G) • Best Private Bank (U.S.); Best Private Bank for Digital Innovation, Best Family Office Offering, and Excellence in Philanthropy Services(H) Average Loans and Leases ($B) Total Revenue ($B) Client Balances ($B)2,3 $5.3 $5.2 $5.6 $5.6 $5.8 1.8 1.7 1.8 1.7 1.7 3.1 3.0 3.2 3.3 3.5 0.5 0.6 0.6 0.6 0.6 Net interest income Asset management fees Brokerage / other 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $2.0 $4.0 $6.0 1,497 1,618 1,730 1,759 1,861 1,578 1,689 1,759 1,780 1,857 291 300 298 281 283 222 222 223 228 230$3,551 $3,789 $3,973 $4,012 $4,194 AUM Brokerage / other Deposits Loans and leases 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $219 $219 $219 $223 $225 107 108 108 108 109 50 49 48 49 50 59 60 59 62 64 Consumer real estate Securities-based lending Custom lending Credit card 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $50 $100 $150 $200 $250 $292 $292 $297 $288 $280 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $100 $200 $300 26

Erica® Interactions (MM)5 1.5 2.1 2.7 3.0 3Q21 3Q22 3Q23 3Q24 0.0 1.0 2.0 3.0 4.0 Person-to-Person Payments (Zelle®)6 Check Deposits7 eDelivery4Digital Households / Relationships2 Digital Channel Adoption3 74% 76% 78% 80% 3Q21 3Q22 3Q23 3Q24 0% 25% 50% 75% 100% 53% 57% 60% 62% 72% 72% 76% 76% Mobile adoption Online adoption 3Q21 3Q22 3Q23 3Q24 0% 25% 50% 75% 100% 668 672 716 741 78% 80% 83% 84% Digital households / relationships (K) Digital adoption % 3Q21 3Q22 3Q23 3Q24 550 600 650 700 750 60% 70% 80% 90% 100% Client Engagement Digital Volumes Global Wealth & Investment Management Digital Update 27 Digital Adoption1 1.9 2.4 3.2 4.1 $1.1 $1.4 $2.0 $2.5 Transactions (MM) Volume ($B) 3Q21 3Q22 3Q23 3Q24 0.0 1.5 3.0 4.5 $0.0 $1.0 $2.0 $3.0 63% 65% 66% 68% 11% 10% 8% 8% 26% 25% 26% 25% Digital ATM Physical 3Q21 3Q22 3Q23 3Q24 0% 25% 50% 75% 100% Note: Amounts may not total due to rounding. 1 Digital Adoption is the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities (effective 1Q23) and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. 2 Data as of August for 3Q21 and 3Q22. 3Q23 and 3Q24 as of August for Private Bank and as of September for Merrill. 3 Digital channel adoption represents the percentage of desktop and mobile banking engagement, as of August for 3Q21 and 3Q22. 3Q23 and 3Q24 as of August for Private Bank and as of September for Merrill. 4 GWIM eDelivery percentage includes Merrill Digital Households (excluding Stock Plan, Banking-only households, Retirement only, and 529 only) and Private Bank relationships that receive statements digitally, as of August for each quarter presented. 5 Erica interactions represent mobile and online activity across client-facing platforms powered by Erica. 6 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. 7 Digital check deposits include mobile check deposits and remote deposit operations. As of August for Private Bank and as of September for Merrill for each quarter presented.

Global Banking Trends Note: Amounts may not total due to rounding. 1 See slide 32 for business leadership sources. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Total Corporation IB fees excludes self-led deals. Self-led deals of $34MM, $50MM, $53MM, $32MM, and $62MM for 3Q24, 2Q24, 1Q24, 4Q23, and 3Q23, respectively are embedded within Debt, Equity, and Advisory. 4 Advisory includes fees on debt and equity advisory and mergers and acquisitions. Average Deposits ($B)Business Leadership1 • World’s Most Innovative Bank – 2024(F) • World’s Best Bank for Trade Finance and for FX payments; North America’s Best Digital Bank and Best Bank for Sustainable Finance(I) • 2023 Best Bank for Cash & Liquidity Management; Best Mobile Technology Solution for Treasury: CashPro App(J) • Best Global Bank for Transaction Banking (overall award) and Best Global Bank for Collections(F) • Model Bank Award for Reimagining Trade & Supply Chain Finance – 2024 for CashPro Supply Chain Solutions(K) • 2023 Share & Excellence Awards for U.S. Large Corporate Banking & Cash Management(L) • Relationships with 78% of the Global Fortune 500; 95% of the U.S. Fortune 1,000 (2024) Average Loans and Leases ($B) Total Revenue ($B)2 Total Corporation IB Fees ($MM)3 $6.2 $5.9 $6.0 $6.1 $5.8 3.6 3.4 3.5 3.3 3.2 0.7 0.7 0.8 0.8 0.8 0.8 0.7 0.8 0.8 0.8 1.1 1.1 0.9 1.2 1.0 Net interest income IB fees Service charges All other income 3Q23 4Q23 1Q24 2Q24 3Q24 $0.0 $2.5 $5.0 $7.5 570 589 885 880 780 232 199 363 357 270 448 389 373 374 387 $1,188 $1,145 $1,568 $1,561 $1,403 Debt Equity Advisory 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $600 $1,200 $1,800 195 195 196 198 197 169 167 165 162 162 $376 $375 $374 $373 $371 Commercial Corporate Business Banking 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $100 $200 $300 $400 4 $504 $528 $526 $525 $550 Noninterest-bearing Interest-bearing 3Q23 4Q23 1Q24 2Q24 3Q24 $0 $200 $400 $600 28 37% 33% 31% 30% 28% 63% 67% 69% 70% 72%

1 Digital adoption is the percentage of clients digitally active. Digital active clients represents 90-day active clients across CashPro and BA360 platforms. Data as of August for each quarter presented. Relationship clients defined as clients meeting revenue threshold for Global Commercial Banking and Business Banking, and all clients in Global Corporate and Investment Banking. 2 Includes CashPro, BA360, and Global Card Access. BA360 as of August for each quarter presented. 3 Erica technology integrated into CashPro Chat starting in August 2023. 4 Includes CashPro alert volume and CashPro online reports and statements scheduled, BA360 90-day Erica Insights and alerts, and Global Card Access alert volume for online and mobile. BA360 as of August for each quarter presented. 5 Percent of U.S. Dollar Investment Grade Debt Global Capital Markets investor bond orders received and fully processed digitally for Global Banking and Global Markets clients. Capital Markets Digital Bond Orders (%)5 Erica® Interactions on CashPro® Chat (K)3 Proactive Alerts and Insights (MM)2,4 11% 17% 33% 3Q22 3Q23 3Q24 0% 10% 20% 30% 40% 17.6 19.3 20.7 23.1 3Q21 3Q22 3Q23 3Q24 0.0 6.0 12.0 18.0 24.0 30.6 30.0 29.7 32.5 4Q23 1Q24 2Q24 3Q24 0.0 10.0 20.0 30.0 40.0 CashPro® App PaymentsBusiness Adoption % Mobile App Sign-ins (K)2 $101 $164 $192 $283 1.8 3.0 3.6 4.3 Value ($B) Volume (MM) 3Q21 3Q22 3Q23 3Q24 $0 $100 $200 $300 0.0 2.0 4.0 6.0 8.0 848 1,199 1,629 2,042 3Q21 3Q22 3Q23 3Q24 0 500 1,000 1,500 2,000 2,500 74% 76% 75% 76% 3Q21 3Q22 3Q23 3Q24 0% 25% 50% 75% 100% Client Engagement Digital Volumes Global Banking Digital Update 29 Digital Adoption1 87%Relationship clients:

Global Markets Trends and Revenue Mix Note: Amounts may not total due to rounding. S&T stands for sales and trading. 1 See slide 32 for business leadership sources. 2 Represents a non-GAAP financial measure. Reported Global Markets revenue was $17.0B for 2024 YTD. Global Markets revenue ex. net DVA was $17.1B for 2024 YTD. Reported sales and trading revenue was $14.7B, $13.8B, $13.0B, and $12.3B for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. Reported FICC sales and trading revenue was $8.9B, $8.8B, $7.8B, and $7.2B for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. Reported Equities sales and trading revenue was $5.8B, $4.9B, $5.2B, and $5.1B for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. Revenue mix percentages are the same including and excluding net DVA. See note E on slide 31 and slide 34 for important presentation information. 3 Macro includes currencies, interest rates, and commodities products. 4 See note F on slide 31 for definition of VaR. 2024 YTD Global Markets Revenue Mix (excl. net DVA)2 Business Leadership1 • World's Best Bank for Markets(I) • World's Best Bank for FX Payments(I) • Americas Derivatives House of the Year(M) • Americas Equity Derivatives House of the Year(M) • Americas Commodity Derivatives Bank of the Year(M) • Americas Research and Strategy House of the Year(M) • Americas Derivatives Clearing Bank of the Year(M) 2024 YTD Total FICC S&T Revenue Mix (excl. net DVA)2 Total Sales and Trading Revenue (excl. net DVA) ($B)2 Average Trading-Related Assets ($B) and VaR ($MM)4 $12.3 $12.8 $13.9 $14.8 7.2 7.6 8.9 9.0 5.1 5.2 4.9 5.8 FICC Equities 2021 YTD 2022 YTD 2023 YTD 2024 YTD $0.0 $5.0 $10.0 $15.0 $544 $598 $619 $638 $76 $105 $85 $83 Avg. trading-related assets Avg. VaR 2021 YTD 2022 YTD 2023 YTD 2024 YTD $0 $250 $500 $750 $0 $50 $100 $150 63% 37% U.S. / Canada International 46% 54% Credit / Other Macro 30 3

A Reserve build (or release) is calculated by subtracting net charge-offs for the period from the provision for credit losses recognized in that period. The period-end allowance, or reserve, for credit losses reflects the beginning of the period allowance adjusted for net charge-offs recorded in that period plus the provision for credit losses and other valuation accounts recognized in that period. B Pretax, pre-provision income (PTPI) at the consolidated level is a non-GAAP financial measure calculated by adjusting consolidated pretax income to add back provision for credit losses. Similarly, PTPI at the segment level is a non-GAAP financial measure calculated by adjusting the segments’ pretax income to add back provision for credit losses. Management believes that PTPI (both at the consolidated and segment level) is a useful financial measure as it enables an assessment of the Corporation’s ability to generate earnings to cover credit losses through a credit cycle as well as provides an additional basis for comparing the Corporation's results of operations between periods by isolating the impact of provision for credit losses, which can vary significantly between periods. See reconciliation below. C Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of 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 other investment-grade 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 among legal entities may be subject to certain regulatory and other restrictions. D Interest rate sensitivity as of September 30, 2024, reflects the potential pretax impact to forecasted net interest income over the next 12 months from September 30, 2024, resulting from an instantaneous parallel shock to the market-based forward curve. As part of our asset and liability management activities, we use securities, certain residential mortgages, and interest rate and foreign exchange derivatives in managing interest rate sensitivity. The sensitivity analysis assumes that we take no action in response to this rate shock and does not assume any change in other macroeconomic variables normally correlated with changes in interest rates. The sensitivity analysis incorporates potential movements in customer behavior that could result in changes in both total customer deposit balances and balance mix in various interest rate scenarios. In lower rate scenarios, the analysis assumes that a portion of higher-yielding deposits or market-based funding are replaced with low-cost or noninterest-bearing deposits. E Revenue for all periods included net debit valuation adjustments (DVA) on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities. Net DVA gains (losses) were ($8MM), ($1MM), and ($16MM) for 3Q24, 2Q24, and 3Q23, respectively, and ($94MM), ($104MM), $213MM, and ($56MM) for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. Net DVA gains (losses) included in FICC revenue were ($8MM), $5MM, and ($13MM) for 3Q24, 2Q24, and 3Q23, respectively, and ($79MM), ($99MM), $205MM, and ($53MM) for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. Net DVA gains (losses) included in Equities revenue were $0, ($6MM), and ($3MM) for 3Q24, 2Q24, and 3Q23, respectively, and ($15MM), ($5MM), $8MM, and ($3MM) for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. F VaR model uses a 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 $39MM, $45MM, and $38MM for 3Q24, 2Q24, and 3Q23 respectively, and $42MM, $41MM, $33MM, and $29MM for 2024 YTD, 2023 YTD, 2022 YTD, and 2021 YTD, respectively. Notes $ Millions 3Q24 2Q24 3Q23 Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Consumer Banking $ 3,582 $ 1,302 $ 4,884 $ 3,461 $ 1,281 $ 4,742 $ 3,819 $ 1,397 $ 5,216 Global Wealth & Investment Management 1,415 7 1,422 1,368 7 1,375 1,377 (6) 1,371 Global Banking 2,614 229 2,843 2,919 235 3,154 3,518 (119) 3,399 Global Markets 2,180 7 2,187 1,986 (13) 1,973 1,721 (14) 1,707 All Other (2,320) (3) (2,323) (2,014) (2) (2,016) (2,187) (24) (2,211) Total Corporation $ 7,324 $ 1,542 $ 8,866 $ 7,560 $ 1,508 $ 9,068 $ 8,095 $ 1,234 $ 9,329 31

Business Leadership Sources (A) Estimated U.S. retail deposits based on June 30, 2024 FDIC deposit data. (B) FDIC, 2Q24. (C) Global Finance, April 2024. (D) Global Finance, October 2023. (E) J.D. Power 2024 Financial Health Support CertificationSM is based on exceeding customer experience benchmarks using client surveys and a best practices verification. For more information, visit jdpower.com/awards.* (F) Global Finance, 2024. (G) Family Wealth Report, 2024. (H) Global Private Banker, 2024. (I) Euromoney, 2024. (J) Treasury Management International, 2024. (K) Celent, 2024. (L) Coalition Greenwich, 2023. (M) GlobalCapital, 2024. 32 * Website content is not incorporated by reference into this presentation.

Forward-Looking Statements Bank of America Corporation (the Corporation) 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 the Corporation’s current expectations, plans or forecasts of its future results, revenues, liquidity, net interest income, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, deposits, assets, 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 the Corporation’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 the Corporation’s 2023 Annual Report on Form 10-K and in any of the Corporation’s subsequent Securities and Exchange Commission filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory investigations, proceedings and enforcement actions, of which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation’s anti-money laundering and economic sanctions programs, the processing of electronic payments and related fraud and the rates paid on uninvested cash in investment advisory accounts that is swept into interest-paying bank deposits, which are in various stages; the possibility that the Corporation's future liabilities may be in excess of its recorded liability and estimated range of possible loss for litigation, and regulatory and government actions; the possibility that the Corporation could face increased claims from one or more parties involved in mortgage securitizations; the Corporation’s ability to resolve representations and warranties repurchase and related claims; the risks related to the discontinuation of reference rates, including increased expenses and litigation and the effectiveness of hedging strategies; 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 Corporation’s exposures to such risks, including direct, indirect and operational; the impact of U.S. and global interest rates (including the potential for ongoing reductions in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including tariffs, and potential geopolitical instability; the impact of the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation’s assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of supply chain disruptions, inflationary pressures and labor shortages on economic conditions and our business; potential losses related to the Corporation’s concentration of credit risk; the Corporation's ability to achieve its expense targets and expectations regarding revenue, net interest income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; adverse changes to the Corporation’s credit ratings from the major credit rating agencies; an inability to access capital markets or maintain deposits or borrowing costs; estimates of the fair value and other accounting values, subject to impairment assessments, of certain of the Corporation’s assets and liabilities; the estimated or actual impact of changes in accounting standards or assumptions in applying those standards; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements; the impact of adverse changes to total loss-absorbing capacity requirements, stress capital buffer requirements and / or global systemically important bank surcharges; the potential impact of actions of the Board of Governors of the Federal Reserve System on the Corporation’s capital plans; the effect of changes in or interpretations of income tax laws and regulations; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including, but not limited to, recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation’s operations or information systems, or those of third parties, including as a result of cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental, social and governance goals and commitments or the impact of any changes in the Corporation's sustainability strategy or commitments generally; the impact of uncertain or changing political conditions or any future federal government shutdown and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary or regulatory policy; the emergence or continuation of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflict in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and other matters. Forward-looking statements speak only as of the date they are made, and the Corporation 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. 33

Important Presentation Information 34 • The information contained herein is preliminary and based on Corporation 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. • The Corporation may present certain metrics and ratios, including year-over-year comparisons of revenue, noninterest expense, and pretax income, excluding certain items (e.g., DVA), that are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. 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, 2024, and other earnings-related information available through the Bank of America Investor Relations website at: https://investor.bankofamerica.com/quarterly-earnings, the content of which is not incorporated by reference into this presentation. • The Corporation presents certain key financial and nonfinancial performance indicators (KPIs) that management uses when assessing consolidated and / or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. KPIs are presented herein, including in the 3Q24 Financial Results on slide 2 and on Summary Income Statement for each segment. • The Corporation also views net interest income and related ratios and analyses on a fully taxable-equivalent (FTE) basis, which when presented on a consolidated basis are non-GAAP financial measures. The Corporation believes managing the business with net interest income on an FTE basis provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that the presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. The FTE adjustments were $147MM, $160MM, $158MM, $145MM, and $153MM for 3Q24, 2Q24, 1Q24, 4Q23, and 3Q23, respectively. • The Corporation allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. 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 of 2024, the Corporation adjusted the amount of capital being allocated to its business segments.