Summary
Bank of America Corporation (BAC) filed an 8-K on January 15, 2020, to report its financial results for the fourth quarter and full year ended December 31, 2019. The company announced a fourth-quarter net income of $7.0 billion, or $0.74 per diluted share, and an annual net income of $27.4 billion, or $2.75 per diluted share. These results indicate a strong year-end performance for the financial institution. In addition to the reported earnings, BAC also announced an investor conference call and webcast scheduled for January 15, 2020, to further discuss these financial results. The company has also made available presentation materials and supplemental information on its website, which provide additional details on historical and forward-looking information. Investors should note that while the earnings press release is considered "filed" for Section 18 purposes, the supplemental materials are "furnished" and do not carry the same regulatory implications for future filings.
Key Highlights
- 1Reported Q4 2019 net income of $7.0 billion, or $0.74 per diluted share.
- 2Announced full-year 2019 net income of $27.4 billion, or $2.75 per diluted share.
- 3Filed earnings press release (Exhibit 99.1) containing Q4 and full-year 2019 financial results.
- 4Scheduled an investor conference call and webcast for January 15, 2020, to discuss results.
- 5Made additional presentation materials (Exhibit 99.2) and supplemental information (Exhibit 99.3) available on its website.
- 6The earnings press release is deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
- 7Supplemental information and presentation materials are "furnished" and not incorporated by reference into other filings.