Bank of America Files 8-K with Financial Exhibits
Ticker: BACRP · Form: 8-K · Filed: Jul 24, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $25 billion, $0.26, $1.75 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, preferred-stock, exhibits
Related Tickers: BAC
TL;DR
BAC filed an 8-K on 7/24/24, mostly financial exhibits and preferred stock details. No major news.
AI Summary
On July 24, 2024, Bank of America Corp. /DE/ filed an 8-K report. The filing primarily concerns financial statements and exhibits, with no specific material events or transactions detailed in the provided text. It lists various preferred stock series, including Series E, G, H, L, 1, 2, 4, 5, and Floating Rate Preferred Hybrid Income Term Securities, all with a reporting date of July 24, 2024.
Why It Matters
This filing indicates routine financial reporting for Bank of America, providing updated information on its various preferred stock series.
Risk Assessment
Risk Level: low — The filing appears to be routine financial reporting and does not disclose any new material risks or events.
Key Players & Entities
- BANK OF AMERICA CORP /DE/ (company) — Filer
- 0000070858-24-000194 (other) — Accession Number
- 20240724 (date) — Filing Date
- us-gaap:CommonStockMember (other) — Financial Statement Item
- bac:SeriesGGPreferredStockMember (other) — Financial Statement Item
FAQ
What is the primary purpose of this 8-K filing by Bank of America Corp. /DE/?
The primary purpose of this 8-K filing, filed on July 24, 2024, is to report financial statements and exhibits.
What specific preferred stock series are mentioned in the filing?
The filing mentions Series E, Series G, Series H, Series L, Series 1, Series 2, Series 4, Series 5, and Floating Rate Preferred Hybrid Income Term Securities.
What is the filing date for this 8-K report?
The filing date for this 8-K report is July 24, 2024.
What is the Central Index Key (CIK) for Bank of America Corp. /DE/?
The Central Index Key (CIK) for Bank of America Corp. /DE/ is 0000070858.
Does this filing indicate any significant new events or transactions for Bank of America?
Based on the provided text, the filing primarily concerns financial statements and exhibits, and does not detail any specific new material events or transactions.
Filing Stats: 972 words · 4 min read · ~3 pages · Grade level 13.9 · Accepted 2024-07-24 17:11:58
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share BAC New York Stock Exchange
- $25 billion — e "Board") authorized the Corporation's $25 billion common stock repurchase program, effect
- $0.26 — Redeemable Preferred Stock, Series B of $0.26 per share and $1.75 per share, respecti
- $1.75 — Stock, Series B of $0.26 per share and $1.75 per share, respectively. A copy of th
Filing Documents
- bac-20240724.htm (8-K) — 66KB
- exhibit991newsrelease-repu.htm (EX-99.1) — 13KB
- logo.jpg (GRAPHIC) — 7KB
- 0000070858-24-000194.txt ( ) — 376KB
- bac-20240724.xsd (EX-101.SCH) — 6KB
- bac-20240724_def.xml (EX-101.DEF) — 23KB
- bac-20240724_lab.xml (EX-101.LAB) — 50KB
- bac-20240724_pre.xml (EX-101.PRE) — 25KB
- bac-20240724_htm.xml (XML) — 18KB
01 Other Events
ITEM 8.01 Other Events. On July 24, 2024, Bank of America Corporation (the "Corporation") issued a press release (the "Press Release") announcing that the Corporation's Board of Directors (the "Board") authorized the Corporation's $25 billion common stock repurchase program, effective August 1, 2024, to replace the Corporation's current common stock repurchase program adopted by the Board in October 2021, and modified by the Board in September 2023, which will expire on August 1, 2024. The Press Release also announced that the Board declared the Corporation's regular quarterly cash dividend on its common stock and 7% Cumulative Redeemable Preferred Stock, Series B of $0.26 per share and $1.75 per share, respectively. A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01.
01 Financial Statements and Exhibits
ITEM 9.01 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 July 24, 2024 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)
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: July 24, 2024