Bank of America Is a Leader in First-Ever Bloomberg Financial Services Gender-Equality Index

Data Index Measures Commitments to Gender Equality, Including
Workplace Policies, Financial Products and More

CHARLOTTE, N.C.–(BUSINESS WIRE)–The 2016 Bloomberg Financial Services Gender-Equality Index (BFGEI),
released today, reinforced Bank of America’s position as a global leader
in gender equality and supporting women in the workplace. Among other
things, the index highlighted the company’s representation of women at
all levels, its leading talent development and benefit programs,
gender-conscious product offerings for its clients, and active support
and engagement on these issues in local communities the company serves.

“As part of our work to ensure steady, responsible economic growth, we
are committed to investing in women, women-owned businesses and products
that benefit women in communities across the globe,” said Anne Finucane,
vice chairman at Bank of America. “Bloomberg’s data validate our
efforts, and this new index reinforces the idea that Bank of America can
only succeed when women succeed.”

“We know our company is most successful when our diverse workforce feels
supported and valued, and the Gender-Equality Index showcases the fact
that we have a workplace where opportunities exist for all employees,”
said Sheri Bronstein, global human resources executive at Bank of
America. “From attracting talent to professional development to holistic
benefits and wellness programs, we are focused on helping our people
grow and thrive.”

Bank of America’s score on the BFGEI reflects its robust commitments to
supporting women-owned businesses and entrepreneurs, as well as our
women employees through progressive workplace policies:

  • Fifty-two percent of Bank of America’s global workforce is women,
    including 38 percent of the executive team, more than double the
    average among other Fortune 500 companies (just 14 percent).
  • We have programs and partnerships in place to develop talented women
    at all levels of our organization, including targeted campus
    recruiting initiatives that have resulted in the representation of
    women across our intern and full-time classes to nearly 40 percent,
    and our Global Women’s Conference, which convenes top female leaders
    from around the globe to learn about leadership, mobility,
    advancement, family and community.
  • The company supports the personal and professional growth of our
    employees through progressive workplace policies, including the
    recently announced extension
    to paid parental leave
    – giving employees 16 weeks of maternity,
    paternity and adoption leave – and other programs to support parents
    and caregivers.
  • To encourage our investors and clients to consider impact investment
    strategies, we’ve created the Women
    and Girls Equality Strategy
    (WGES) as part of U.S. Trust’s Social
    Impact Investing platform. This investment product evaluates a
    corporation’s policies on pay equity across genders,
    females/minorities represented in management, and identifies companies
    that are positioned to take advantage of the women’s economic theme.
  • In partnership with the Tory
    Burch Foundation Capital Program
    , Bank of America provided capital
    for more than $10 million in affordable loans to nearly 450 women
    business owners since 2014, and announced an expansion of $20 million
    over the next two years. These loans are administered through
    community development financial institutions in each of the program’s
    markets.
  • To create economic opportunity for women entrepreneurs around the
    world, Bank of America partners with Vital
    Voices
    and the Cherie
    Blair Foundation
    to connect nearly 2,000 women entrepreneurs from
    more than 80 countries with mentors – 200 of whom are mentored by Bank
    of America employees.

To be considered, Bank of America completed a survey created by
Bloomberg in partnership with third-party experts, including Women’s
World Banking, Catalyst and Working Mother Media. Those included on this
year’s index scored at 60 points or more, a global threshold established
by Bloomberg to reflect data transparency and the achievement or
adoption of best-in-class statistics and policies.

“Evidence demonstrates that gender-equality policies and practices can
affect a company’s financial performance, productivity and ability to
retain top talent,” said Angela Sun, head of Strategy and Corporate
Development at Bloomberg. “While more and more firms are focused on
addressing gender equality in the workplace, we’ve lacked a holistic set
of data to better understand the issues facing companies, employees and
clients. The BFGEI gives investors an important new decision-making tool
by providing objective, concrete data around difficult-to-measure areas
like policies and products.”

Bloomberg
Bloomberg, the global business and financial information
and news leader, gives influential decision makers a critical edge by
connecting them to a dynamic network of information, people and ideas.
The company’s strength – delivering data, news and analytics through
innovative technology, quickly and accurately – is at the core of the
Bloomberg Professional service, which provides real time financial
information to more than 327,000 subscribers globally. For more
information, visit www.bloomberg.com
or request a demo.

Bank of America
Bank of America is one of the world’s leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range of
banking, investing, asset management and other financial and risk
management products and services. The company provides unmatched
convenience in the United States, serving approximately 47 million
consumer and small business relationships with approximately 4,700
retail financial centers, approximately 16,000 ATMs, and award-winning
online banking with approximately 33 million active users and
approximately 20 million mobile users. Bank of America is a global
leader in wealth management, corporate and investment banking and
trading across a broad range of asset classes, serving corporations,
governments, institutions and individuals around the world. Bank of
America offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients through operations in
all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto
Rico and more than 35 countries. Bank of America Corporation stock
(NYSE: BAC) is listed on the New York Stock Exchange.

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Contacts

Reporters May Contact:
Andy Aldridge, Bank of America,
1.980.387.0514
andrew.aldridge@bankofamerica.com

Jill
Watanabe, Bloomberg, 1.212.617.1610
jwatanabe11@bloomberg.net