Summary
Bank of America Corporation (BAC) filed an 8-K on October 15, 2014, to report its financial results for the third quarter ended September 30, 2014. The company announced a net income of $168 million for the quarter, translating to a loss per share of $0.01. This filing primarily serves to incorporate by reference the accompanying press release detailing these results, which was also made available on the company's website. In addition to the earnings release, BAC also furnished presentation materials and supplemental information related to its Q3 2014 financial performance. These materials, available on the company's website, were to be discussed during an investor conference call and webcast scheduled for October 15, 2014. Investors should note that while the earnings results are considered 'filed,' the supplemental and presentation materials are 'furnished,' meaning they do not carry the same regulatory implications under Section 18 of the Securities Exchange Act of 1934.
Key Highlights
- 1Reported Q3 2014 net income of $168 million.
- 2Reported Q3 2014 loss per share of $0.01.
- 3Filed an 8-K to disclose Q3 2014 financial results via an attached press release (Exhibit 99.1).
- 4Made Q3 2014 earnings press release available on the company's website.
- 5Furnished presentation materials (Exhibit 99.2) and supplemental financial information (Exhibit 99.3) related to Q3 2014.
- 6Scheduled an investor conference call and webcast for October 15, 2014, to discuss Q3 results.
- 7Clarified that presentation and supplemental materials are 'furnished' not 'filed' under Section 18 of the Securities Exchange Act.