secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0000070858-24-000266
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America Q3 net income $6.9B ($0.81 EPS); revenue $25.3B up 1% YoY
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- Net income $6.9B ($0.81 diluted EPS) vs $7.8B ($0.90) in 3Q23, down 12% YoY.
- Revenue $25.5B FTE, up $178M; NII $14.0B down 3% YoY but up 2% QoQ.
- Provision for credit losses $1.5B (flat QoQ); net charge-offs $1.5B, up from $931M in 3Q23.
- Average deposits $1.92T up 2% YoY; CET1 ratio 11.8% (112 bps above regulatory minimum).
- Returned $5.6B to shareholders ($3.5B buybacks, $2.0B dividends); book value per share $35.37.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000266/0000070858-24-000266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000266/bac-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000070858-24-000266

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