Bank of America - BAC STOCK NEWS

Bank of America (BAC) has received top rankings in Crisil Coalition Greenwich's 2024 Digital Transformation Benchmarking Study, particularly for its CashPro digital banking platform which serves over 40,000 corporate and commercial clients globally. The bank secured multiple No. 1 rankings in Digital Channels, including its Mobile Application and TMS & ERP Integrations.

The bank achieved leading positions in Payments & Treasury Management, maintaining its top spot in Analytics & Insights for the third consecutive year. BAC was also recognized as a Share Leader in Corporate Cash Management and Corporate Banking Market Penetration in the U.S., and received 'Best Bank' awards in multiple categories including Corporate Banking, Digital Services, and Capital Markets.

CashPro's platform enables clients to manage treasury, trade and credit operations, highlighting BAC's commitment to digital innovation and client experience enhancement.

Bank of America (BAC) has announced the full redemption of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA, and corresponding depositary shares. The redemption will occur on March 17, 2025, at a redemption price of $1,000 per depositary share. Shareholders will receive a separate dividend payment of $30.50 per depositary share for the current semi-annual period.

The redemption affects depositary shares representing a 1/25th interest in the Preferred Stock, which are held through The Depository Trust Company (DTC). Computershare Inc. and Computershare Trust Company will act as redemption agents. The company maintains a strong market presence, serving approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users.

Bank of America (NYSE: BAC) has appointed Maria Martinez to its Board of Directors, effective immediately. Martinez, 67, brings over four decades of technology and telecommunications experience, most recently serving as Chief Operating Officer at Cisco Systems from 2018 to 2024. In this role, she oversaw Worldwide Operations, Customer Experience, Security & Trust, and Supply Chain functions.

Martinez's extensive career includes leadership positions at major technology companies including Salesforce, Microsoft, Motorola Solutions, and AT&T Bell Laboratories. She currently serves on the boards of Tyson Foods and McKesson. Martinez holds a Bachelor's degree in electrical engineering from the University of Puerto Rico and a Master's degree in computer engineering from Ohio State University.

Bank of America (BAC) has announced its Q1 2025 dividend declarations. The Board of Directors declared a regular quarterly cash dividend of $0.26 per share on common stock, payable March 28, 2025, to shareholders of record as of March 7, 2025. Additionally, a quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, will be paid on April 25, 2025, to shareholders of record as of April 11, 2025.

The bank serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with roughly 58 million verified digital users. BAC operates across the United States and more than 35 countries, providing banking, investing, asset management, and risk management services.

Bank of America (NYSE: BAC) has announced the redemption of its $1.5 billion 2.015% Fixed/Floating Rate Senior Notes due February 2026. The redemption is scheduled for February 13, 2025, with payment to be made at 100% of the principal amount plus accrued and unpaid interest through The Depository Trust Company.

The Bank of New York Mellon Trust Company, N.A. will serve as the trustee and paying agent for the Notes. Interest on these Notes will cease to accrue on the redemption date.

Bank of America maintains a strong market presence, serving approximately 69 million consumer and small business clients through 3,700 retail financial centers and 15,000 ATMs. The bank's digital platform serves about 58 million verified digital users and supports roughly 4 million small business households. The company operates across the United States and in more than 35 countries, offering comprehensive banking, investing, and asset management services.

Bank of America (NYSE: BAC) has announced the redemption of $1.5 billion in Floating Rate Senior Notes, originally due February 2026. The redemption is scheduled for February 5, 2025, with payment to be made at 100% of the principal amount plus accrued and unpaid interest up to the redemption date.

The redemption will be processed through The Depository Trust Company facilities, with The Bank of New York Mellon Trust Company, N.A. serving as trustee and paying agent. Interest on these notes (CUSIP No. 06051GHB8) will cease to accrue on the redemption date.

Bank of America maintains a strong market presence with approximately 69 million consumer and small business clients, 3,700 retail financial centers, and 15,000 ATMs across the United States. The bank serves about 58 million verified digital users and supports 4 million small business households, operating in the United States, its territories, and more than 35 countries.

Bank of America (BAC) has announced its Board of Directors' authorization of regular cash dividends for various series of preferred stock for the first quarter of 2025. The dividend payments cover multiple series including floating rate, fixed-to-floating rate, and fixed-rate non-cumulative preferred stocks, with payment dates ranging from February 18 to March 25, 2025.

The company serves approximately 69 million consumer and small business clients through 3,700 retail financial centers and 15,000 ATMs, with roughly 58 million verified digital users. BAC maintains a significant presence across the United States and operates in more than 35 countries, providing comprehensive banking, investing, asset management, and risk management services.

Bank of America (NYSE: BAC) announced its fourth quarter 2024 financial results. The company's CEO Brian Moynihan and CFO Alastair Borthwick will discuss the results in an investor conference call. Bank of America serves approximately 69 million consumer and small business clients through 3,700 retail financial centers and 15,000 ATMs, with approximately 58 million verified digital users.

The company provides comprehensive banking, investing, asset management, and risk management services. It supports about 4 million small business households and operates across the United States and more than 35 countries. The bank maintains a strong presence in wealth management, corporate and investment banking, and trading across various asset classes.

Bank of America (NYSE: BAC) has announced a landmark partnership with the U.S. Soccer Federation, becoming the first Official Bank Partner for all 27 U.S. National Teams and a Founding Level Partner of the new Arthur M. Blank U.S. Soccer National Training Center in Atlanta. The partnership represents one of the largest long-term investments in U.S. Soccer history.

The collaboration includes the launch of SheInvests, a program aimed at helping investors with financial planning and investment strategies, complementing U.S. Soccer's SheBelieves platform. Bank of America will also support various initiatives including U.S. Soccer House, Fan Appreciation Match, and the Insiders Program.

This strategic partnership positions BAC as a key player during major upcoming events, including the 2025 FIFA Club World Cup, 2026 FIFA Men's World Cup, and 2028 Olympic Games in Los Angeles. The bank becomes U.S. Soccer's 16th strategic partner and its ninth new partner since early 2023.