Bank of America Stock Price, News & Analysis

Bank of America (NYSE: BAC) has announced the complete redemption of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM and corresponding depositary shares. The redemption will occur on January 28, 2025, at a price of $1,000 per depositary share. Shareholders will receive a separate dividend payment of $21.50 per depositary share for the current semi-annual period from July 28, 2024, to January 28, 2025, payable to holders of record on January 1, 2025. The redemption will be processed through The Depository Trust Company, with Computershare acting as the redemption agent.

Bank of America (BAC) has announced its Board of Directors' authorization of regular cash dividends for preferred stock series for Q1 2025. The dividend schedule includes seven different series of preferred stock with varying rates and payment dates:

Key dividend rates include 7.25% for Series L ($18.125 per share), 5.875% for Series HH ($0.3671875), 4.375% for Series NN ($0.2734375), and 6.125% for Series TT ($15.3125000). Most dividends will be paid in late January 2025, with record dates primarily set for January 1, 2025. The bank serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users.

The 2025 Bank of America Chicago Marathon has received a record-breaking 160,000 applications, with more than 53,000 participants expected to cross the finish line on October 12, 2025. This event is part of the Bank of America Chicago Distance Series, which includes the Shamrock Shuffle 8K Run and Chicago 13.1. The 2024 series saw over 81,000 finishers, with 2,700 completing all three events.

The organizers unveiled new logos connecting each event and celebrating their unique attributes. The Chicago 13.1 is scheduled for June 1, 2025, expecting 9,000 finishers, while the Shamrock Shuffle will take place on March 23, 2025, with an anticipated 24,000 participants. Since 2002, the Marathon's Charity Program has generated over $322 million for various causes.

Bank of America's CashPro App is set to exceed $1 trillion in payment approvals by the end of 2024, marking a 25% year-over-year increase. The app, part of BofA's digital banking platform, serves approximately 550,000 users at 40,000 companies globally, managing payments, deposits, loans, and trade finance transactions.

CashPro is ranked as the No. 1 mobile app for corporate and commercial banking, offering payment initiation across four channels: online, app, APIs, and Connect. The platform provides enhanced security features and convenience for corporate clients, with December typically seeing the highest volume of payment approvals due to year-end activity and holiday season travel.

Bank of America has fully implemented Paze, a streamlined online checkout solution, across all eligible credit and debit cards just in time for the holiday season. The solution features card tokenization for enhanced security and doesn't require manual card entry, passwords, or third-party apps. Newegg, an online electronics retailer, has recently adopted Paze.

Paze is operated by Early Warning Services, , with Bank of America being one of seven founding members. The solution will be available to more than 150 million debit and credit cards at general availability. Merchants benefit from increased checkout conversion and fraud reduction, with no transaction fees for offering Paze.

Bank of America (BAC) has expanded its partnership with FIFA to become an Official Partner of the FIFA Club World Cup 2025™, following its August 2024 appointment as the Official Bank Sponsor of FIFA World Cup 26™. The tournament will feature 32 of the world's top clubs competing across 11 U.S. cities from June 15 to July 13, 2025.

The partnership aims to support football's growth while delivering economic and social impact in communities where Bank of America operates. The tournament will begin in Miami and conclude in New York New Jersey, featuring clubs from all six FIFA confederations competing for the new FIFA Club World Cup Trophy.

Bank of America serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users. The bank operates across the United States and more than 35 countries, providing banking, investing, asset management, and risk management services.

BofA Global Research forecasts strong market performance for 2025, projecting the S&P 500 to reach 6666 by year-end with over 10% upward potential and 13% earnings growth acceleration. The US economy is expected to outperform with 2.4% GDP growth in 2025, supported by improved productivity. The Federal Reserve is anticipated to cut rates twice (March and June) by 25 basis points each. US 10-year Treasury yields are expected to trade between 4-4.5%. While Chinese growth may slow to 4.5%, domestic stimulus measures should offset tariff impacts. European markets are predicted to experience a mid-year decline before recovering to current levels.

Bank of America marks 20 years of its Neighborhood Builders® program, a major philanthropic initiative supporting nonprofit leadership and economic mobility across the US. Since 2004, the program has invested over $346 million in grants to nearly 2,000 nonprofits and trained more than 4,000 nonprofit leaders.

The program provides multi-year flexible funding and comprehensive leadership training to local nonprofits annually. In 2024, it honors 250 nonprofit leaders from over 150 organizations across nearly 100 US communities. The initiative creates a nationwide network for nonprofit executives to share best practices, discuss challenges, and explore new opportunities while improving their operations and community impact.

Bank of America has announced the redemption of $2 billion in 1.530% Fixed/Floating Rate Senior Notes due December 2025. The redemption will occur on December 6, 2024, at 100% of the principal amount plus accrued and unpaid interest. The redemption will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company serving as trustee.

As a leading financial institution, Bank of America serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs. The bank maintains 58 million verified digital users and operates in over 35 countries, providing comprehensive banking, investing, and asset management services to individuals and businesses.