secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0000070858-26-000011
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085826000011/0000070858-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085826000011/bac-20260106.htm
  HTML page:      https://secwatch.observer/filing/0000070858-26-000011

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