8-KEarnings & ResultsRegulation FDExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Oct 14, 2020)

Filed October 14, 2020For 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 October 14, 2020, to report its third quarter 2020 financial results. The company announced a net income of $4.9 billion, or $0.51 per diluted share, for the quarter ended September 30, 2020. This filing serves to officially announce these results, which were detailed in a press release (Exhibit 99.1) that is incorporated by reference. In addition to the results, the filing indicates that Bank of America held an investor conference call and webcast on October 14, 2020, to discuss these results and other matters. Supplemental information and presentation materials were also made available on the company's website and furnished as exhibits (99.2 and 99.3). Investors should note that information in Exhibits 99.2 and 99.3 is presented as of its referenced date and the company disclaims any obligation to update it.

Key Highlights

  • 1Reported Q3 2020 net income of $4.9 billion.
  • 2Reported Q3 2020 diluted earnings per share of $0.51.
  • 3Financial results for the quarter ended September 30, 2020, were officially announced.
  • 4An investor conference call and webcast were held on October 14, 2020, to discuss results.
  • 5Supplemental information and presentation materials were made available on the company's website.
  • 6Exhibit 99.1 (Press Release) is filed with the 8-K, containing detailed Q3 results.
  • 7Exhibits 99.2 (Presentation Materials) and 99.3 (Supplemental Information) are furnished and not deemed 'filed' for Section 18 purposes.

Frequently Asked Questions

Bank of America reported a net income of $4.9 billion and diluted earnings per share of $0.51 for the third quarter ended September 30, 2020.

The detailed Q3 2020 financial results are provided in the press release attached as Exhibit 99.1 to this 8-K filing. Additional presentation materials and supplemental information are also available on the company's website as Exhibits 99.2 and 99.3.

The investor conference call held on October 14, 2020, was an opportunity for Bank of America to discuss its third-quarter financial results, including the press release and other relevant company matters, with investors and analysts.

No, the supplemental information and presentation materials (Exhibits 99.2 and 99.3) are furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934. This means they are not subject to the same liability as 'filed' information. The company also stated it does not undertake to update this furnished information.