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’s 2021 Homebuyer Insights Report reveals that low housing inventory and interest rates contribute to increased home sales and prices. The survey of 2,000 adults highlights that 51% of younger buyers prioritize community, with safety and space becoming significant factors in home buying. Notably, 65% of younger homeowners report stable financial security, driving their interest in homeownership as a wealth-building tool. The bank has tripled commitment to affordable homeownership solutions, emphasizing support for down payments and closing costs.
Bank of America Corporation has declared a $0.18 per share quarterly cash dividend on its common stock, payable on June 25, 2021, to shareholders of record as of June 4, 2021. Additionally, the Board announced a $1.75 quarterly dividend on its 7% Cumulative Redeemable Preferred Stock, Series B, payable on July 23, 2021, to shareholders of record by July 9, 2021. This move demonstrates the bank's ongoing commitment to returning capital to shareholders while maintaining a strong presence in the financial sector.
Bank of America announced preliminary results from its 2021 annual meeting of stockholders. All 16 board nominees were elected with over 93% approval. Jack Bovender retired, succeeded by Lionel Nowell. An executive compensation proposal received over 94% support, alongside approvals for the equity plan and independent accounting firm. No stockholder proposals passed. Final results will be filed via Form 8-K with the SEC.
Bank of America is one of the leading financial institutions, serving around 66 million clients across various sectors.
Bank of America announced its first-quarter 2021 financial results today, revealing strong performance across various segments. The company serves around 66 million clients through a vast network of retail centers and ATMs, and boasts approximately 40 million active digital banking users. The investor conference call will be held at 9 a.m. ET, featuring CEO Brian Moynihan and CFO Paul Donofrio discussing financial results. Investors can access a replay of the call starting noon on April 15. For further details, visit the company's Investor Relations website.
Bank of America has announced a $25 billion stock repurchase program, reflecting its commitment to returning excess capital to shareholders. This plan is aimed at offsetting shares given through equity compensation and emphasizes the bank's strong capital position, with a CET1 ratio of 11.8% as of March 31, 2021, exceeding the 9.5% regulatory requirement. The buyback will be subject to regulatory restrictions and may be influenced by market conditions and the bank's financial performance.
Bank of America Corporation announced that its Board of Directors has authorized regular cash dividends on various series of preferred stock. Key dividends include $0.24722 for Series E, $1,022.22222 for Series F and G, and $26.00 for Series U. Record dates range from April 30 to June 1, with payment dates scheduled between May 17 and June 25. The announcement underscores the bank's commitment to providing returns to shareholders and reflects its stable financial position in the market.
Bank of America is set to report its first-quarter 2021 financial results on April 15 at 6:45 a.m. ET. An investor presentation will follow at 9 a.m. ET. These results will be accessible through various channels including the Bank of America newsroom and the Investor Relations website. Investors can join the presentation via a conference call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), with the conference ID 79795, or listen via a live audio webcast.
Bank of America aims to mobilize $1 trillion by 2030 through its Environmental Business Initiative to foster a low-carbon economy. This effort extends to a broader goal of $1.5 trillion in sustainable finance, integrating social development initiatives. The initiative builds on a previous commitment of $300 billion and targets sectors such as renewable energy, affordable housing, and healthcare. Established in 2007, the initiative has already channeled over $200 billion to sustainable projects, reflecting the bank's leadership in ESG and sustainable finance.
