8-KEarnings & ResultsRegulation FDOther Events+1

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Oct 18, 2007)

Filed October 18, 2007For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

Bank of America Corporation (BAC) filed an 8-K on October 18, 2007, to report its financial results for the third quarter ended September 30, 2007. The company announced a net income of $3.70 billion and diluted earnings per common share of $0.82 for the quarter. This filing primarily serves to disseminate this earnings information to the public, attaching the official press release and supplemental information package. The information provided in this 8-K is crucial for investors to assess the company's recent financial performance. While the filing itself is an announcement of results rather than a detailed analysis, it sets the stage for understanding BAC's operational and financial condition during the third quarter of 2007. Investors would typically refer to the attached press release and supplemental information for a deeper dive into the numbers and management's commentary.

Key Highlights

  • 1Bank of America Corporation reported $3.70 billion in net income for the third quarter of 2007.
  • 2Diluted earnings per common share (EPS) for the third quarter of 2007 were $0.82.
  • 3The 8-K filing incorporates by reference the official press release detailing these Q3 2007 financial results.
  • 4A supplemental information package, used during an investor conference call, is also furnished as part of the filing.
  • 5The filing was made on October 18, 2007, reporting on the quarter ended September 30, 2007.
  • 6This report is categorized under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).

Frequently Asked Questions

For the third quarter ended September 30, 2007, Bank of America reported a net income of $3.70 billion and diluted earnings per common share of $0.82.

The 8-K filing includes Exhibit 99.1, which is the press release announcing the financial results, and Exhibit 99.2, a supplemental information package used during the investor conference call. These attached documents provide more comprehensive details.

This 8-K filing primarily serves to announce and disseminate the official financial results for the third quarter of 2007. While it references a press release and supplemental information that likely contain management's commentary and analysis, the 8-K itself is a disclosure of the reported figures.

The Regulation FD Disclosure indicates that Bank of America held an investor conference call and webcast to discuss its Q3 2007 financial results. This ensures that material non-public information is disclosed broadly and simultaneously to the investing public, adhering to fair disclosure rules.