Bank of America Reports Second Quarter 2024 Financial Results

Rhea-AI Summary

Bank of America (NYSE: BAC) has released its second quarter 2024 financial results. The company will host an investor conference call at 8:30 a.m. ET today, featuring CEO Brian Moynihan and CFO Alastair Borthwick. Investors can access the call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international) with conference ID 79795. Live audio and presentation slides will be available on the company's Investor Relations website.

Bank of America serves approximately 69 million consumer and small business clients with 3,800 retail centers, 15,000 ATMs, and 58 million verified digital users. The bank offers a wide range of financial services globally, including wealth management, corporate and investment banking, and small business support across more than 35 countries.

Positive

• Bank of America has a large customer base of 69 million consumer and small business clients
• The bank has a strong digital presence with 58 million verified digital users
• Bank of America operates in more than 35 countries, indicating global diversification

Negative

• None.

News Market Reaction – BAC

+5.35%

1 alert

+5.35% News Effect

On the day this news was published, BAC gained 5.35%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- Bank of America reported its second quarter 2024 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.

Investor Conference Call information:
Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results in an investor conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795.  Please dial in 10 minutes prior to the start of the call.

Investors can also listen to live audio of the conference call and view the presentation slides by visiting the Events and Presentations section of the company's Investor Relations website.

Replay information for Investor Conference Call:
Investors can access replays of the investor conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on July 16 through 11:59 p.m. ET on July 26. 

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Investors May Contact:

Lee McEntire, Bank of America
Phone:  1.980.388.6780
lee.mcentire@bofa.com 

Jonathan Blum, Bank of America (Fixed Income)
Phone:  1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:

Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com 

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com 

 

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SOURCE Bank of America Corporation

FAQ

When did Bank of America (BAC) release its Q2 2024 financial results?

Bank of America (BAC) released its second quarter 2024 financial results on July 16, 2024.

How can investors access Bank of America's (BAC) Q2 2024 earnings call?

Investors can access Bank of America's Q2 2024 earnings call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international) with conference ID 79795 at 8:30 a.m. ET on July 16, 2024.

How many retail financial centers does Bank of America (BAC) operate as of Q2 2024?

As of Q2 2024, Bank of America operates approximately 3,800 retail financial centers.

What is Bank of America's (BAC) digital banking user base as reported in Q2 2024?

Bank of America reported approximately 58 million verified digital users in its Q2 2024 results.