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Bank of America - BAC STOCK NEWS

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) is a global leader in financial services, serving millions through consumer banking, wealth management, and institutional solutions. This page aggregates official announcements, strategic initiatives, and market-moving developments from one of the world's most influential financial institutions.

Investors and industry observers will find a curated collection of earnings reports, regulatory filings, and leadership updates, alongside analysis of BAC's digital banking innovations and sustainability efforts. The repository serves as a definitive source for tracking the company's position in global markets, technology adoption trends, and responses to economic shifts.

Content highlights include updates on Merrill Lynch wealth management services, CashPro platform enhancements, and corporate responsibility initiatives. Users can monitor BAC's activities across four core segments: Consumer Banking, Global Wealth Management, Global Banking, and Global Markets.

Bookmark this page for streamlined access to verified information about Bank of America's operational milestones, partnership announcements, and regulatory compliance updates. Check regularly for new insights into how BAC navigates evolving financial landscapes while maintaining its industry leadership.

News

BofA Program Delivers Banking & Investing Benefits and Rewards to 4 Million Employees of Corporate Clients

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Bank of America's Employee Banking & Investing program has seen significant growth, with over 450 corporate and commercial clients enrolled, providing access to nearly 4 million employees. The program offers financial education, rewards, banking, and investing capabilities to support employees' financial health. The company aims to enroll over 500 companies by the middle of the year. The program has been well-received, with 96% of employers feeling a sense of responsibility for their employees' financial wellness, and companies offering these programs seeing higher rates of employee satisfaction and retention.
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BofA Report Finds 401(k) Account Balances Increased by 15% in 2023, Health Savings Account Balances Increased by 11%

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Bank of America Retirement and Personal Wealth Solutions, in partnership with Bank of America Institute, released its fourth quarter 2023 Participant Pulse, revealing that the average 401(k) account balances rose 15% to $86,280 in 2023. Nearly 18% of 401(k) plan participants increased their contribution rates last quarter, up from just over 9% who did so in the third quarter. The report also found that fewer participants borrowed from their 401(k) plan, and the average loan per participant declined to $8,210. Health Savings Account balances increased by 11% over the prior year, with millennials saving more of their HSA contributions than any other generation.
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Bank of America Declares First-Quarter 2024 Stock Dividend

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Bank of America Corporation has declared a regular quarterly cash dividend on its common stock of $0.24 per share and $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on March 29, 2024, and April 25, 2024, respectively. Bank of America is a leading financial institution with a wide range of financial products and services, serving millions of clients globally. The company's stock is listed on the New York Stock Exchange (NYSE: BAC).
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BofA the Preeminent Leader in Greenwich Digital Transformation Benchmarking Study

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Bank of America's CashPro® platform has received top scores in the annual Coalition Greenwich Digital Transformation Benchmarking Study. The company's digital banking platform, used by over 40,000 corporate and commercial clients worldwide, was recognized for its leadership in Digital Channels and Payments & Treasury Management categories. Bank of America also received the 2023 Greenwich Excellence Awards for Digital Experience in Serving Large Corporate Clients.
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Bank of America Announces Redemptions of Floating Rate Senior Notes Due February 2025 and 1.843% Fixed/Floating Rate Senior Notes Due February 2025

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Bank of America Corporation announced the redemption of all outstanding Floating Rate Senior Notes and Fixed/Floating Rate Senior Notes, due February 2025, totaling $2.5 billion. The redemption price for each series of notes, along with accrued and unpaid interest, will be paid on February 5, 2024. Bank of America is a leading financial institution with a wide range of banking, investing, and asset management services, serving millions of clients globally.
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Affluent Diverse Communities Report Strong Focus on Giving Back and Setting Up Future Generations

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Merrill Wealth Management published three studies examining the financial challenges, concerns and successes of the affluent Black/African American, LGBTQ+ and Hispanic-Latino communities in the United States. The studies reveal the community's motivations and challenges, showing that the Black/African American community is more motivated by ambition, the Hispanic-Latino community prioritizes supporting parents, and the LGBTQ+ community is focused on achieving financial independence and living life how they want. However, all three communities face increased financial barriers and stress compared to the general affluent population.
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Bank of America Announces Redemption of €1.25 Billion of 1.379% Fixed/Floating Rate Senior Notes, due February 7, 2025

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Bank of America Corporation announced the redemption of its 1.379% Fixed/Floating Rate Senior Notes, due February 7, 2025, with a principal amount outstanding of €1,250,000,000. The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount, plus accrued and unpaid interest. The company will also request the cancellation of the listing of the Notes on the Official List of the FCA and the admission to trading on the regulated market of the Exchange.
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Bank of America Declares Preferred Stock Dividends for First Quarter 2024

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Bank of America Corporation announced the declaration of regular cash dividends on the outstanding shares of preferred stock. The company serves 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 dividend payments are made on a quarterly or semi-annual basis, depending on the series of preferred stock. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
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Bank of America Reports Fourth-Quarter 2023 Financial Results

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Bank of America Corporation (BAC) reported its fourth-quarter 2023 financial results. The company serves 69 million consumer and small business clients in the U.S., offering a wide range of banking, investing, and asset management products. Bank of America is a global leader in wealth management and investment banking, listed on the NYSE.
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BofA Launches CashPro® Insights - Latest Digital Innovation for Treasury Management

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Bank of America (BAC) Launches CashPro Insights, a Data-Driven Tool Empowering Corporate and Commercial Clients to Make Strategic Decisions, Drive Cost Savings and Efficiencies
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Bank of America

NYSE:BAC

BAC Rankings

#25 Ranked by Market Cap
#1293 Ranked by Dividends

BAC Stock Data

282.82B
6.87B
9.05%
66.27%
1.03%
Banks - Diversified
National Commercial Banks
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United States
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