secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0000070858-23-000131
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America Q1 net income $8.2B, EPS $0.94; NII up 25%, revenue $26.3B
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- Diluted EPS $0.94, up 18% YoY; net income $8.2B.
- Revenue $26.3B (+13% YoY), net interest income $14.4B (+25%).
- Provision for credit losses $931MM; net charge-offs 32 bps (up 16 bps YoY).
- CET1 ratio 11.4% (up 14 bps QoQ); paid $1.8B dividends and $2.2B buybacks.
- Seventh consecutive quarter of positive operating leverage (705 bps).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085823000131/0000070858-23-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085823000131/bac-20230418.htm
  HTML page:      https://secwatch.observer/filing/0000070858-23-000131

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