secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0000070858-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BAC Q4 net income $7.1B ($0.85 EPS), revenue +11% to $24.5B, NII +29%
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- Q4 net income $7.1B vs $7.0B YoY; diluted EPS $0.85 vs $0.82; full-year net income $27.5B ($3.19 EPS).
- Revenue $24.5B +11%; NII $14.7B +29% on higher rates and loan growth; noninterest income $9.9B -8%.
- Provision for credit losses $1.1B (reserve build $403M) vs net release $851M in Q4-21; net charge-offs $689M.
- Average loans +10% to $1.0T (commercial + credit card); deposits -5% to $1.9T; CET1 ratio 11.2% (+25bps QoQ).
- Record Q4 sales & trading revenue $3.5B; Consumer Banking net income $3.6B +15%; GWIM net income $1.2B -2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085823000005/0000070858-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085823000005/bac-20230113.htm
  HTML page:      https://secwatch.observer/filing/0000070858-23-000005

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