Bank of America Corporation - BAC STOCK NEWS

Bank of America (NYSE: BAC) has announced its Board of Directors' authorization of regular cash dividends on outstanding shares or depositary shares of various series of preferred stock for the fourth quarter of 2024. The dividends cover multiple series, including Floating Rate Non-Cumulative Preferred Stock and Fixed Rate Non-Cumulative Preferred Stock, with payment dates ranging from November 15 to December 26, 2024.

The dividend amounts vary by series, with rates between 4.250% and 6.000% for fixed-rate preferred stocks. Record dates for dividend eligibility span from October 31 to December 1, 2024. This announcement demonstrates Bank of America's commitment to providing returns to its preferred stockholders across its diverse range of preferred stock offerings.

Bank of America (NYSE: BAC) has announced its fourth quarter 2024 stock dividends. The Board of Directors declared a regular quarterly cash dividend of $0.26 per share on common stock, payable on December 27, 2024, to shareholders of record as of December 6, 2024. Additionally, a quarterly cash dividend of $1.75 per share was declared on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on January 24, 2025, to shareholders of record as of January 10, 2025.

Bank of America serves approximately 69 million consumer and small business clients with about 3,700 retail financial centers and 15,000 ATMs. The bank has 58 million verified digital users and supports around 4 million small business households. It operates across the United States and in more than 35 countries worldwide.

The 46th Bank of America Chicago Marathon saw Ruth Chepngetich break the women's world record with an unofficial time of 2:09:56. John Korir won the men's race in 2:02:44, the second-fastest time in event history. In the wheelchair races, Marcel Hug claimed his fifth victory in 1:25:54, while Catherine Debrunner set a new course record of 1:36:12.

Chepngetich's performance included the fastest half marathon on U.S. soil at 1:04:16. The Chicago Marathon now holds both the men's and women's current world records. More than 50,000 runners finished the race, marking the highest participation in its history. The next Chicago Marathon is scheduled for October 12, 2025.

Bank of America (NYSE: BAC) has released its third quarter 2024 financial results. The company will host an investor conference call at 8:30 a.m. ET today, with CEO Brian Moynihan and CFO Alastair Borthwick discussing the results. Investors can access the call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international) with conference ID 79795.

Bank of America serves approximately 69 million consumer and small business clients in the U.S., with about 3,700 retail financial centers, 15,000 ATMs, and 58 million verified digital users. The company offers a wide range of financial services globally, including wealth management, corporate and investment banking, and trading across various asset classes.

Bank of America's 2024 Women & Minority Business Owner Spotlight reveals 78% of small and mid-sized business owners expect revenue growth in the next 12 months. This optimism is shared across diverse groups, with 76% of women, 82% of Hispanic-Latino, 84% of Black/African American, and 83% of AAPI entrepreneurs anticipating growth. The survey, covering over 2,000 business owners, shows 66% believe local economies will improve, while 60% expect national economic improvement.

Key findings include:

• 57% of women business owners plan to expand
• 78% of Hispanic-Latino owners plan expansion
• 77% of Black/African American owners plan to expand
• 73% of AAPI owners plan expansion

Business size impacts outlook, with 78% of mid-sized businesses planning expansion compared to 50% of small businesses. Challenges include inflation, political environment, and labor issues, with many owners implementing strategies to attract talent and improve customer interactions.

Bank of America Private Bank's 2024 study reveals that 91% of affluent Americans engage in philanthropy, with notable differences in giving motivations and strategies across generations and genders. Key findings include:

- Younger donors (21-43) prioritize direct action like volunteering and fundraising, while older donors prefer direct financial contributions.

- Generational differences in cause selection: Younger donors focus on homelessness, human rights, and climate change, while older donors prioritize religious organizations and animal welfare.

- Gender divide: Women are more likely to support causes advancing women and girls, and take the lead in teaching children about philanthropy.

- Intergenerational skepticism: 88% of younger donors feel prepared for philanthropic leadership, but only 50% of older donors agree.

The study surveyed 1,007 high-net-worth individuals with at least $3 million in investable assets.

Bank of America (NYSE: BAC) has announced it will release its third quarter 2024 financial results on Tuesday, October 15 at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET. The results, supplemental filing, and investor presentation will be accessible on the company's Investor Relations website.

Investors can join the conference call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), with the conference ID 79795. Live audio and presentation slides will also be available on the website. Replays of the call can be accessed through the website or by phone until October 25.

Bank of America serves approximately 69 million consumer and small business clients with 3,800 retail financial centers, 15,000 ATMs, and 58 million verified digital users in the United States. The company offers a wide range of financial services globally, including wealth management, corporate and investment banking, and small business support.

Bank of America (NYSE: BAC) has announced the redemption of $2 billion in 2.456% Fixed/Floating Rate Senior Notes, due October 2025. The redemption will occur on October 22, 2024, with the redemption price set at 100% of the principal amount plus accrued and unpaid interest. Interest on the Notes will cease to accrue on the redemption date.

The redemption will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. serving as the trustee and paying agent. This move demonstrates Bank of America's active management of its debt obligations and could potentially impact its financial structure.

The Bank of America Chicago Distance Series, connecting the Chicago Marathon, Chicago 13.1, and Shamrock Shuffle 8K Run, has announced registration details for its 2025 events. The series rewards participants who complete all three races with an exclusive medal and guaranteed entry to the 2026 Chicago Marathon.

Registration for the Chicago 13.1 and Shamrock Shuffle opens today with special discounted pricing. The Chicago Marathon application period will run from October 22 to November 21, 2024, with a non-guaranteed entry drawing and guaranteed entry options available. The entry fee is $245 for U.S. residents and $255 for international participants.

The Chicago 13.1 is scheduled for June 1, 2025, with early registration at $102 until October 22, 2024. The Shamrock Shuffle will take place on March 23, 2025, with early 8K Run registration at $46 until October 22, 2024.