Welcome to our dedicated page for Bank of America news (Ticker: BAC), a resource for investors and traders seeking the latest updates and insights on Bank of America stock.
Bank of America is one of the largest financial institutions in the United States, operating across consumer banking, wealth management, commercial banking, investment banking, and global markets. The bank's news coverage spans multiple business segments, reflecting its diversified operations and role as a systemically important financial institution.
Track quarterly earnings reports that break down performance across Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets segments. These reports reveal how net interest income, noninterest income, loan growth, deposit trends, and fee-based revenue streams perform across different economic conditions. Capital allocation decisions, dividend declarations, share repurchase programs, and regulatory capital metrics provide insight into the bank's financial strength and shareholder return strategy.
Bank of America's investment banking division generates news through mergers and acquisitions advisory mandates, debt and equity underwriting transactions, and capital markets activity. The bank's lending operations produce announcements related to commercial real estate financing, corporate credit facilities, syndicated loan arrangements, and specialized industry lending programs. Wealth management developments include platform enhancements, advisor recruitment, and asset management capabilities that affect high-net-worth client services.
Regulatory developments significantly impact Bank of America's operations, with news covering Federal Reserve policy decisions, capital requirement changes, stress test results, and compliance matters. Technology investments in digital banking platforms, artificial intelligence applications, cybersecurity infrastructure, and payment processing systems reflect the bank's ongoing digital transformation efforts. Strategic partnerships, community investment programs, and environmental financing commitments demonstrate the institution's broader stakeholder engagement.
This comprehensive news feed aggregates material developments across Bank of America's business lines, providing investors and analysts with real-time coverage of events that affect one of America's largest banking institutions. Bookmark this page for detailed coverage of earnings releases, regulatory filings, strategic announcements, and market developments affecting BAC.
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.
Bank of America announced its Consumer Investments business has surpassed $500 billion in client assets, marking a more than 10-fold increase over the past decade. The business manages nearly 4 million client accounts through Merrill Edge Self-Directed and Merrill Guided Investing platforms.
The company's high-tech, high-touch approach combines an advanced digital platform with access to over 3,000 financial solutions advisors across 3,700 financial centers. Notably, 33% of all Consumer Investments accounts are held by Gen Z and Millennial clients, who represent 52% of all Merrill Guided Investing accounts.
The platform offers innovative features like Dynamic Insights and Idea Builder, providing AI-driven personalized guidance and investment tools. The service includes both self-directed options and guided investing with advisor support, catering to various investor preferences and experience levels.
Bank of America (NYSE: BAC) has announced it will release its fourth quarter 2024 financial results on Thursday, January 16, at approximately 6:45 a.m. ET. The company will host an investor conference call at 11:00 a.m. ET on the same day.
The bank serves approximately 69 million consumer and small business clients through approximately 3,700 retail financial centers and 15,000 ATMs, with roughly 58 million verified digital users. Bank of America maintains a significant presence across the United States and operates in more than 35 countries, offering a comprehensive range of financial services including banking, investing, asset management, and risk management products.
Investors can access the conference call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international) with conference ID 79795. Replay options will be available from noon on January 16 through January 26.
Bank of America (NYSE: BAC) has announced the redemption of $2 billion in 3.366% Fixed/Floating Rate Senior Notes, originally due January 2026. The redemption is scheduled for January 23, 2025, with payment to be made at 100% of the principal amount plus accrued and unpaid interest through The Depository Trust Company facilities.
The company, serving approximately 69 million consumer and small business clients, operates through roughly 3,700 retail financial centers and 15,000 ATMs across the United States. With approximately 58 million verified digital users, Bank of America provides comprehensive financial services including banking, investing, asset management, and risk management products. The institution supports about 4 million small business households and maintains operations in the United States, its territories, and more than 35 countries.
Bank of America (BAC) has appointed Matt Reilly as the new president of Bank of America New Hampshire, succeeding Ken Sheldon who led the market for nearly 14 years. Reilly, who joined the company in 2014, will continue his role as Consumer Banking Market Leader while connecting clients, teammates and communities across the bank's eight lines of business.
Sheldon will transition to focus on Global Commercial Banking as a senior relationship manager. During his tenure, he oversaw more than $8 million in philanthropic support to local nonprofits, including a $500,000 anchor grant for the new Nashua Center for the Arts.
Bank of America currently 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 bank supports about 4 million small business households and operates across the United States and more than 35 countries.
Bank of America (NYSE: BAC) has announced the complete redemption of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM and corresponding depositary shares. The redemption will occur on January 28, 2025, at a price of $1,000 per depositary share. Shareholders will receive a separate dividend payment of $21.50 per depositary share for the current semi-annual period from July 28, 2024, to January 28, 2025, payable to holders of record on January 1, 2025. The redemption will be processed through The Depository Trust Company, with Computershare acting as the redemption agent.
Bank of America (BAC) has announced its Board of Directors' authorization of regular cash dividends for preferred stock series for Q1 2025. The dividend schedule includes seven different series of preferred stock with varying rates and payment dates:
Key dividend rates include 7.25% for Series L ($18.125 per share), 5.875% for Series HH ($0.3671875), 4.375% for Series NN ($0.2734375), and 6.125% for Series TT ($15.3125000). Most dividends will be paid in late January 2025, with record dates primarily set for January 1, 2025. The bank serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users.
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