STOCK TITAN

Bank of America Reports Fourth-Quarter 2020 Financial Results

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Bank of America reported its fourth-quarter 2020 financial results, showcasing its robust position as a leading financial institution. The company serves around 66 million clients through extensive banking networks, including 4,300 retail financial centers and approximately 17,000 ATMs. Noteworthy is the 39 million active digital banking users, with 31 million mobile users, highlighting the company's digital momentum. The investor conference call will provide deeper insights into earnings, revenue, and strategies moving forward.

Positive
  • Strong client base with 66 million customers.
  • Extensive network with 4,300 retail financial centers and 17,000 ATMs.
  • 39 million active digital banking users, enhancing customer engagement.
Negative
  • None.

Bank of America reported its fourth-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

Bank of America newsroom at https://newsroom.bankofamerica.com
Bank of America Investor Relations website at http://investor.bankofamerica.com
Business Wire’s news webpage at http://www.businesswire.com/portal/site/home/news

Investor Conference Call information:
Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a 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 a live audio webcast 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 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 January 19, through 11:59 p.m. ET on January 29.

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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile 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 3 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 approximately 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 email news alerts.

www.bankofamerica.com

FAQ

What were Bank of America's Q4 2020 earnings results?

Bank of America reported its fourth-quarter 2020 financial results, which showcase its strong market position.

What is the significance of the digital banking users for Bank of America?

Bank of America has approximately 39 million active digital banking users, indicating high engagement and growth in digital services.

When is Bank of America's investor conference call for the Q4 2020 results?

The investor conference call will occur at 8:30 a.m. ET on January 19, 2021.

Bank of America Corporation

NYSE:BAC

BAC Rankings

BAC Latest News

BAC Stock Data

359.47B
6.90B
10.08%
63.36%
0.83%
Banks - Diversified
National Commercial Banks
Link
United States of America
CHARLOTTE