---
schema_version: "secwatch.filing_event.v1"
accession: "0000070858-26-000011"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:35:18.937606+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bank of America changes accounting for tax-advantaged equities; retained earnings down $1.7B

## Summary
- Q3 2025 retained earnings reduced $1.7B; CET1 capital would decrease $2.1B (13 bps).
- Noninterest income 2024 revised up $3.969B; income tax expense up $4.128B.
- Effective tax rate for Q3 2025 would have been 20.0% vs previously reported 10.4%.
- Changes applied retrospectively; annual net income impact described as insignificant.
- Reclassifications between noninterest income and income tax expense to align with economic impact.

## SEC filing metadata
- accession: 0000070858-26-000011
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085826000011/0000070858-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085826000011/bac-20260106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070858-26-000011
- JSON: https://secwatch.observer/filing/0000070858-26-000011.json
- Plain text: https://secwatch.observer/filing/0000070858-26-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.