ME Newswire / Businesswire
CHARLOTTE, N.C - Monday, January 20th 2014
Fourth-quarter 2013 Results Included
Pretax Negative DVA/FVO Adjustments of $0.6 Billion due to Tightening of the Company's Credit Spreads
Pretax Litigation Expense of $2.3 Billion
Effective Tax Rate of 10.6 Percent
Fourth-quarter 2013 Highlights Compared to Year-ago Quarter
Period-end Consolidated Deposit Balances Increased $14 Billion to Record $1.12 Trillion
Period-end Loan Balances Increased $20 Billion to $928 Billion
Combined Debit and Consumer Credit Card Spending Rose 4.0 Percent to $123 Billion
Period-end Commercial Loan Balances Increased $42 Billion to $396 Billion
Global Wealth and Investment Management Pretax Margin Increased to 26.6 Percent From 21.1 Percent
Record Global Banking
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