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.
Bank of America declared a quarterly cash dividend of $0.21 per share, payable on December 31, 2021, to shareholders of record by December 3, 2021. Additionally, the company renewed its $25 billion common stock repurchase program, having repurchased approximately $14 billion so far. The CET1 ratio stands at 11.1%, above the 9.5% requirement, ensuring continued capital distributions. The Board also announced a $1.75 dividend on Series B Preferred Stock, payable on January 25, 2022.
Bank of America's recent report highlights the increasing significance of homeownership for first-generation homeowners. Key findings include that 69% of these homeowners believe homeownership's importance has risen over the past year, and 61% value equity building more than non-first-generation homeowners. Financial support from family is crucial, with 37% of first-time buyers receiving assistance. The bank's Community Homeownership Commitment has allocated over $270 million in grants to over 29,000 homebuyers, facilitating easier access to homeownership through innovative financing solutions.
Bank of America Corporation has announced cash dividends for its preferred stock for Q4 2021. Dividends include $0.25556 for Series E, due November 15; $1,011.11111 for Series F and G, due December 15; and $26.00 for Series U, due December 1. Other dividends range from $0.1875 to $0.375. Record dates for these dividends vary from November 1 to November 30. This underscores the company's commitment to returning value to shareholders amidst ongoing operations in banking, investment, and asset management.
Bank of America announced its financial performance for Q3 2021, highlighting its extensive service reach with approximately 66 million clients across the U.S. The company operates around 4,200 retail centers and 17,000 ATMs. Notably, it boasts around 41 million active digital banking users, including 32 million on mobile. The earnings call is scheduled for 9:00 a.m. ET today, offering insights into its results. Investors can access details on its Investor Relations website.
Bank of America has launched Recipient Select, a new digital solution designed to enhance business-to-consumer payment experiences. This tool allows beneficiaries to customize their payment methods, addressing the growing demand for faster, user-friendly transactions. Available for both domestic and international payouts to over 140 countries, Recipient Select supports six payment methods for U.S. consumers, including Zelle® and PayPal. The initiative aims to streamline payment processes for companies, reduce errors, and foster stronger customer relationships.
Bank of America has launched a groundbreaking virtual reality (VR) training program across nearly 4,300 financial centers, available to around 50,000 employees. This initiative enhances employee training by allowing them to simulate client interactions and practice various tasks in an immersive environment. Following a successful pilot, 97% of participants reported increased comfort in their roles. The VR training is part of the bank's broader commitment to innovation and employee development, utilizing advanced technologies to deliver effective learning experiences.
Bank of America is set to announce its third-quarter 2021 financial results on October 14, 2021, at approximately 6:45 a.m. ET. An investor presentation will follow at 9:00 a.m. ET. Investors can access the news release, supplemental filing, and presentation via the Investor Relations website. For those wishing to attend the investor call, a listen-only connection is available by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). Bank of America serves around 66 million clients globally.
Bank of America has increased its U.S. minimum hourly wage to $21, progressing towards a target of $25 by 2025. This new wage builds on prior increases over the last four years, which raised the minimum from $15 in 2017 to $20 in 2020, ahead of schedule. The bank requires all U.S. vendors to pay at least $15 per hour to their employees supporting the bank. This initiative reflects the bank's commitment to Responsible Growth and has garnered recognition as one of the best big companies to work for.
On October 5, 2021, Bank of America announced the launch of the Access to Capital Directory, in partnership with Seneca Women, aimed at supporting women entrepreneurs in the U.S. The platform, created during National Women's Small Business Month, helps women navigate funding sources, with over 350 options available. According to Bank of America's 2021 Women Business Owner Spotlight, 42% of women have never applied for loans. The directory reflects Bank of America's commitment to enhance funding access for women-owned businesses.
