Bank of America Corporation reports developments across consumer banking, wealth management, corporate and investment banking, global markets and capital actions. The company serves individual consumers, small and middle-market businesses, large corporations, governments and institutions with banking, investing, asset management, lending, trading and risk-management products and services.
Recurring BAC news includes operating and financial results, regular dividends on common and preferred stock, Merrill Wealth Management platform and advisor updates, co-branded credit card partnerships, and community or cultural initiatives such as the Bank of America Art Conservation Project. Coverage also reflects the company's digital banking, small-business services and international banking presence.
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Bank of America Corporation has declared a quarterly cash dividend of $0.22 per share on its common stock, scheduled for payment on June 30, 2023, for shareholders of record as of June 2, 2023. Additionally, a dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, will be paid on July 25, 2023, to those on record as of July 11, 2023. This reflects the company's ongoing commitment to returning value to shareholders.