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 Corporation (BAC) generates a steady flow of news as one of the world’s leading financial institutions. Company releases regularly highlight its role in consumer and commercial banking, wealth management, and corporate and investment banking, as well as updates on its capital structure and shareholder distributions. This news page aggregates those announcements so readers can follow developments that may be relevant to Bank of America stock and to the broader financial sector.
Investors will find earnings-related news, such as Form 8-K filings and press releases announcing quarterly and annual financial results, along with details on investor conference calls and accompanying presentation materials. These items provide insight into Bank of America’s performance, capital levels, and management’s commentary on its businesses. The company also issues news about preferred stock dividends, common stock repurchase authorizations, and other actions that affect its various securities listed on the New York Stock Exchange.
Beyond financial reporting, Bank of America’s news includes information on new products and technology initiatives, such as AI-driven treasury tools accessed through its CashPro platform, and consumer offerings tied to major events. Releases also describe community and philanthropic commitments, including grants and zero-interest capital to support disaster recovery, youth programming, arts institutions, and local economic development.
By reviewing the BAC news feed on this page, readers can track how the company communicates about its banking, investing, asset management, and risk management activities, as well as its engagement with communities in the United States and in other markets where it operates. Frequent updates make this a useful resource for monitoring Bank of America’s disclosures over time.
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.
The 2025 Bank of America Chicago Marathon has received a record-breaking 160,000 applications, with more than 53,000 participants expected to cross the finish line on October 12, 2025. This event is part of the Bank of America Chicago Distance Series, which includes the Shamrock Shuffle 8K Run and Chicago 13.1. The 2024 series saw over 81,000 finishers, with 2,700 completing all three events.
The organizers unveiled new logos connecting each event and celebrating their unique attributes. The Chicago 13.1 is scheduled for June 1, 2025, expecting 9,000 finishers, while the Shamrock Shuffle will take place on March 23, 2025, with an anticipated 24,000 participants. Since 2002, the Marathon's Charity Program has generated over $322 million for various causes.
Bank of America's CashPro App is set to exceed $1 trillion in payment approvals by the end of 2024, marking a 25% year-over-year increase. The app, part of BofA's digital banking platform, serves approximately 550,000 users at 40,000 companies globally, managing payments, deposits, loans, and trade finance transactions.
CashPro is ranked as the No. 1 mobile app for corporate and commercial banking, offering payment initiation across four channels: online, app, APIs, and Connect. The platform provides enhanced security features and convenience for corporate clients, with December typically seeing the highest volume of payment approvals due to year-end activity and holiday season travel.
Bank of America has fully implemented Paze, a streamlined online checkout solution, across all eligible credit and debit cards just in time for the holiday season. The solution features card tokenization for enhanced security and doesn't require manual card entry, passwords, or third-party apps. Newegg, an online electronics retailer, has recently adopted Paze.
Paze is operated by Early Warning Services, , with Bank of America being one of seven founding members. The solution will be available to more than 150 million debit and credit cards at general availability. Merchants benefit from increased checkout conversion and fraud reduction, with no transaction fees for offering Paze.
Bank of America (BAC) has expanded its partnership with FIFA to become an Official Partner of the FIFA Club World Cup 2025™, following its August 2024 appointment as the Official Bank Sponsor of FIFA World Cup 26™. The tournament will feature 32 of the world's top clubs competing across 11 U.S. cities from June 15 to July 13, 2025.
The partnership aims to support football's growth while delivering economic and social impact in communities where Bank of America operates. The tournament will begin in Miami and conclude in New York New Jersey, featuring clubs from all six FIFA confederations competing for the new FIFA Club World Cup Trophy.
Bank of America serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users. The bank operates across the United States and more than 35 countries, providing banking, investing, asset management, and risk management services.