secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0000070858-23-000264
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BAC Q3 net income $7.8B ($0.90 EPS) +10% YoY; revenue $25.2B +3%; dividend raised 9%
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- Net income $7.8B, diluted EPS $0.90, up 11% from prior year.
- Revenue (net of interest expense) $25.2B, +3% YoY.
- CET1 ratio 11.9%, 240 bps above regulatory minimum of 9.5%.
- Quarterly dividend increased 9%.
- Return on tangible common equity 15.5%; return on assets 0.99%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085823000264/0000070858-23-000264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085823000264/bac-20231017.htm
  HTML page:      https://secwatch.observer/filing/0000070858-23-000264

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