Bank of America Files 8-K on Preferred Stock and Notes
Ticker: BACRP · Form: 8-K · Filed: Jun 21, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, preferred-stock, financial-disclosure
Related Tickers: BAC
TL;DR
BAC filed an 8-K detailing preferred stock and debt issuances, including notes due 2031.
AI Summary
Bank of America Corporation (BAC) filed an 8-K on June 21, 2024, to report on other events and financial statements. The filing includes details about Depositary Shares representing interests in its Floating Rate Non-Cumulative Preferred Stock and Senior Medium-Term Notes, Series A, Step Up Callable Notes due November 28, 2031, issued by BofA Finance LLC.
Why It Matters
This filing provides transparency into Bank of America's capital structure, specifically detailing preferred stock and medium-term note issuances which are key components of its financial health and funding strategy.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate adverse events.
Key Players & Entities
- BANK OF AMERICA CORP /DE/ (company) — Filer
- BofA Finance LLC (company) — Issuer of Senior Medium-Term Notes
- November 28, 2031 (date) — Maturity date of Senior Medium-Term Notes
FAQ
What is the purpose of this 8-K filing for Bank of America?
The 8-K filing on June 21, 2024, is to report on 'Other Events' and 'Financial Statements and Exhibits', specifically detailing issuances of Depositary Shares and Senior Medium-Term Notes.
What type of preferred stock is mentioned in the filing?
The filing mentions Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock.
What are the details of the Senior Medium-Term Notes mentioned?
The filing refers to Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031, of BofA Finance LLC.
What is the filing date of this 8-K?
This 8-K filing was made on June 21, 2024.
What is the SIC code for Bank of America Corp?
The Standard Industrial Classification (SIC) code for Bank of America Corp is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 1,159 words · 5 min read · ~4 pages · Grade level 14.8 · Accepted 2024-06-21 16:25:00
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share BAC New York Stock Exchan
Filing Documents
- d804460d8k.htm (8-K) — 66KB
- d804460dex991.htm (EX-99.1) — 47KB
- g804460g0621022126349.jpg (GRAPHIC) — 4KB
- 0001193125-24-165715.txt ( ) — 429KB
- bac-20240621.xsd (EX-101.SCH) — 10KB
- bac-20240621_def.xml (EX-101.DEF) — 23KB
- bac-20240621_lab.xml (EX-101.LAB) — 45KB
- bac-20240621_pre.xml (EX-101.PRE) — 25KB
- d804460d8k_htm.xml (XML) — 34KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed herewith: EXHIBIT NO. DESCRIPTION OF EXHIBIT 99.1 Bank of America Corporation press release dated June 21, 2024 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BANK OF AMERICA CORPORATION By: /s/ Ross E. Jeffries, Jr. Ross E. Jeffries, Jr. Deputy General Counsel and Corporate Secretary Dated: June 21, 2024