8-KEarnings & ResultsRegulation FDOther Events+1

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Jul 16, 2010)

Filed July 16, 2010For 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 July 16, 2010, to report its financial results for the second quarter ended June 30, 2010. The company announced a net income of $3.1 billion and diluted earnings per common share of $0.27 for the quarter. This filing primarily serves to attach the press release and related investor presentation materials that accompanied the earnings announcement and subsequent conference call. Investors reviewing this report should note that it is focused on disclosing the quarterly performance as communicated to the market. While the headline figures of net income and EPS are provided, the detailed analysis of the drivers behind these results would be found within the attached exhibits (press release and supplemental information). The report itself does not offer forward-looking statements or extensive management commentary beyond what was released to the public.

Key Highlights

  • 1Bank of America reported a second quarter net income of $3.1 billion.
  • 2Diluted earnings per common share for the second quarter was $0.27.
  • 3The 8-K filing primarily announces and incorporates by reference the company's Q2 2010 earnings press release.
  • 4Investor conference call and webcast materials related to Q2 2010 results are also included as exhibits.
  • 5The filing was made on July 16, 2010, reflecting results for the quarter ended June 30, 2010.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Bank of America's financial results for the second quarter of 2010, which ended on June 30, 2010. It includes the key figures for net income and earnings per share, and attaches the formal press release and supporting documents shared with investors.

Bank of America reported a net income of $3.1 billion and diluted earnings per common share of $0.27 for the second quarter ended June 30, 2010.

More detailed information can be found within the exhibits attached to this 8-K filing. Specifically, Exhibit 99.1 is the press release announcing the Q2 2010 financial results, and Exhibit 99.3 is the Supplemental Information package prepared for the investor conference call.

This specific 8-K filing focuses on reporting historical financial results for the second quarter of 2010. It does not contain explicit future outlook or guidance. Any forward-looking statements would have been included in the referenced press release or supplemental materials, subject to the disclaimers therein.