Summary
This 8-K filing from Bank of America (BAC) on April 21, 2008, reports the company's financial results for the first quarter ended March 31, 2008. The key takeaway is that Bank of America generated a net income of $1.21 billion, translating to diluted earnings per common share of $0.23. This disclosure was made through a press release and accompanied by a supplemental information package during an investor conference call. While the filing itself is procedural, the attached press release (Exhibit 99.1) and supplemental information (Exhibit 99.2) provide the core financial data for the quarter. Investors should refer to these exhibits for a detailed understanding of the company's performance and financial condition during this period, which was marked by a challenging economic environment.
Key Highlights
- 1Bank of America reported Q1 2008 net income of $1.21 billion.
- 2Diluted earnings per common share for Q1 2008 were $0.23.
- 3The company filed this 8-K on April 21, 2008, to disclose Q1 2008 financial results.
- 4Results were announced via a press release (Exhibit 99.1).
- 5A supplemental information package was provided during an investor conference call (Exhibit 99.2).
- 6The filing incorporates by reference the press release and supplemental information.