Bank of America Corporation: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-05-22
Other years: 2026 vs 2025 · 2025 vs 2024
⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Bank of America substantially refined 20 of its risk disclosures between 2023 and 2024, while removing pandemic-related and housing market weaknesses risks that no longer warranted standalone treatment. The bank added a new derivatives business risk focused on liquidity exposure and modified its risk management framework and capital adequacy disclosures, reflecting evolving operational and regulatory priorities. These changes indicate a shift from pandemic and cyclical housing concerns toward structural operational risks inherent in derivatives trading and risk governance effectiveness.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

1
New Risks
2
Removed
20
Modified
9
Unchanged
🟢 New in Current Filing Our derivatives businesses may expose us to unexpected risks, which may result in losses and adversely affect liquidity. 🔒
🔴 No Match in Current Filing We may be adversely affected by weaknesses in the U.S. housing market. 🔒
🔴 No Match in Current Filing The impacts of the pandemic have adversely affected and may in the future adversely affect us. 🔒
🟡 Modified We may be adversely affected by weaknesses in the U.S. housing market. 🔒
🟡 Modified Our risk management framework may not be effective in mitigating risk and reducing the potential for losses. 🔒
🟡 Modified We are subject to numerous political, economic, market, reputational, operational, compliance, legal, regulatory and other risks in the jurisdictions in which we operate. 🔒
🟡 Modified If asset values decline, we may incur losses and negative impacts to capital and liquidity requirements. 🔒
🟡 Modified Our inability to adapt our business strategies, products and services could harm our business. 🔒
🟡 Modified We are subject to significant financial and reputational risks from potential liability arising from lawsuits and regulatory and government action. 🔒
🟡 Modified We may be adversely affected by the financial markets, fiscal, monetary, and regulatory policies, and economic conditions. 🔒
🟡 Modified Our operations, businesses and customers could be adversely affected by the impacts related to climate change. 🔒
🟡 Modified Bank of America Corporation’s liquidity and financial condition, and the ability to pay dividends and obligations, could be adversely affected in the event of a resolution. 🔒
🟡 Modified Increased market volatility and adverse changes in financial or capital market conditions may increase our market risk. 🔒
🟡 Modified Damage to our reputation could harm our businesses, including our competitive position and business prospects. 🔒
🟡 Modified Changes in the structure of and relationship among the GSEs could adversely impact our business. 🔒
🟡 Modified U.S. federal banking agencies may require us to increase our regulatory capital, total loss-absorbing capacity (TLAC), long-term debt or liquidity requirements. 🔒
🟡 Modified Reduction in our credit ratings could limit our access to funding or the capital markets, increase borrowing costs or trigger additional collateral or funding requirements. 🔒
🟡 Modified The Corporation and third parties with whom we interact and/or on whom we rely, are subject to cybersecurity incidents, information and security breaches, and technology failures that have and in the future could adversely affect our ability to conduct our businesses, result in the misuse, destruction or disclosure of information, damage our reputation, increase our regulatory and legal risks, result in additional costs or financial losses and/or otherwise adversely impact our businesses and results of operations. 🔒
🟡 Modified A failure in or breach of our operations or information systems, or those of third parties or the financial services industry, could cause disruptions, adversely impact our businesses, results of operations and financial condition, and cause legal or reputational harm. 🔒
🟡 Modified Failure to satisfy our obligations as servicer for residential mortgage securitizations, loans owned by other entities and other related losses could adversely impact our reputation, servicing costs or results of operations. 🔒
🟡 Modified Reforms to benchmarks may adversely affect our reputation, business, financial condition and results of operations. 🔒
🟡 Modified We may be adversely affected by changes in U.S. and non-U.S. tax laws and regulations. 🔒
🟡 Modified We face significant and increasing competition in the financial services industry. 🔒
23 changes in this historical filing

Historical year-over-year comparisons (2024 vs 2023 and earlier) are available on the Pro plan.

Get full access — from $29/month Already a Pro subscriber? View full diff →