Summary
Bank of America Corporation (BAC) filed an 8-K on July 16, 2020, to report its second-quarter financial results for the period ending June 30, 2020. The company announced a net income of $3.5 billion, or $0.37 per diluted share. This filing incorporates by reference the press release detailing these results, as well as supplemental information and presentation materials made available to investors. Investors should note that the press release (Exhibit 99.1) is considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, meaning any misstatements could have legal implications. The supplemental information and presentation materials (Exhibits 99.2 and 99.3), however, are furnished and not deemed "filed," thus carrying no such legal weight under Section 18. The company also announced an investor conference call and webcast to discuss these results.
Key Highlights
- 1Reported Q2 2020 net income of $3.5 billion.
- 2Diluted earnings per share (EPS) for Q2 2020 was $0.37.
- 3The filing includes the official press release detailing Q2 financial results.
- 4Additional presentation materials and supplemental information were provided to investors.
- 5An investor conference call and webcast were scheduled to discuss Q2 results.
- 6The press release (Exhibit 99.1) is legally "filed" under Section 18 of the Exchange Act.
- 7Supplemental information and presentation materials (Exhibits 99.2, 99.3) are "furnished" and not "filed."