secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0000070858-22-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America Q2 2022 net income $6.2B, EPS $0.73, NII up 22% to $12.4B
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- Net income $6.2B, diluted EPS $0.73 for Q2 ended June 30, 2022.
- Net interest income rose 22% YoY to $12.4B, driven by higher interest rates and loan growth.
- Average loan and lease balances increased 12% YoY to $1.0T; fourth consecutive quarter of positive operating leverage.
- Revenue growth outpaced expense growth, contributing to improved efficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085822000105/0000070858-22-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085822000105/bac-20220718.htm
  HTML page:      https://secwatch.observer/filing/0000070858-22-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer