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Bank Of America Corp. - BAC STOCK NEWS

Welcome to our dedicated news page for Bank Of America (Ticker: BAC), a resource for investors and traders seeking the latest updates and insights on Bank Of America.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bank Of America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bank Of America's position in the market.

News
Bank of America Announces Redemption of CAD1,000,000,000 2.932% Fixed/Floating Rate Senior Notes due April 2025
Rhea-AI Summary
Bank of America announces the redemption of CAD1,000,000,000 principal amount outstanding of its 2.932% Fixed/Floating Rate Senior Notes, due April 2025. The redemption will take place on April 25, 2024, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
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none
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News
BofA Unifies Mobile Apps for Banking, Investing, and Retirement Into One Personalized Digital Experience
Rhea-AI Summary
Bank of America wins 2024 Celent Model Bank award for customer-centered innovation with a new unified mobile app combining five apps into one. The app offers a personalized financial picture, full suite of digital tools, payment hub, and expanded money transfer options. The company boasts record digital engagement and recognition for user-friendly design.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
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none
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News
Merrill Launches New Video Series: #WomenInvested Meet Ups
Rhea-AI Summary
Research indicates that a significant number of women are actively seeking to secure their financial future, with 83% already taking steps or expressing interest in learning more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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none
News
Bank of America Declares Second Quarter 2024 Preferred Stock Dividends
Rhea-AI Summary
Bank of America Corporation declares regular cash dividends on preferred stock for the second quarter of 2024. The dividends range from $0.2578125 to $32.500 per share or depositary share, with payment dates in April and May. Bank of America is a leading global financial institution with a wide range of banking and financial services, serving millions of clients worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
dividends earnings
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News
BofA Patents Increase Nearly 70% in 5 Years
Rhea-AI Summary
Bank of America achieves record patent portfolio growth with nearly 6,600 patents, marking a 13% year-over-year increase and a 70% surge since 2019. The company now ranks 64th on the Top 300 list of patent owners. With a focus on client-centric innovation, Bank of America invests $12 billion annually in technology, allocating $3.8 billion to new initiatives in 2024. The company boasts over 7,300 inventors globally, with 26% being women, and emphasizes technology categories like AI, machine learning, and augmented reality to enhance client experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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none
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News
Bank of America Grant Boosts HGTC Fundraising Goal
Rhea-AI Summary
Bank of America provides a $250,000 grant to HGTC for the Nursing and Health Sciences Institute project, aiming to support the construction and expansion of the institute as part of a larger $15 million project. The grant will accelerate progress in expanding physical facilities, attracting new students, and doubling enrollment in health science programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
none
News
Bank of America Announces Redemption of JPY 58,500,000,000 0.383% Fixed/Floating Rate Senior Notes, due March 18, 2025
Rhea-AI Summary
Bank of America Corporation will redeem all JPY 58,500,000,000 principal amount outstanding of its 0.383% Fixed/Floating Rate Senior Notes on March 18, 2024. The redemption price will be JPY 100,000,000 per JPY 100,000,000 Calculation Amount, plus accrued interest. Citibank, N.A., London Branch is the Principal Agent for the Notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
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News
Bank of America Announces Redemption of 3.458% Fixed/Floating Rate Senior Notes Due March 2025
Rhea-AI Summary
Bank of America Corporation announces the redemption of $2.25 billion in Senior Notes due March 2025. The redemption price includes accrued interest and will be processed through The Depository Trust Company. Bank of America is a leading global financial institution with a wide range of banking, investing, and asset management services, serving millions of clients worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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none
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News
BofA Delivers $7.1 Billion in Financing to Build 11,000 Housing Units
Rhea-AI Summary
Bank of America's Community Development Banking provided $7.1 billion in financing to build 11,000 housing units in 2023, focusing on affordable housing and economic opportunities. The bank supports affordable housing developers through partnerships, workforce housing funds, and resident services. Bank of America has financed over 287,000 housing units since 2005, with a commitment to addressing global issues outlined in the UN Sustainable Development Goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
News
Bank of America and Starbucks Launch Loyalty Partnership
Rhea-AI Summary
Bank of America (NYSE: BAC) and Starbucks Coffee Company (NASDAQ: SBUX) have announced a new partnership allowing Bank of America cardholders and Starbucks Rewards members in the U.S. to link accounts and earn 2% cash back on qualifying purchases, along with 1 Star per $2 spent at Starbucks. This partnership aims to provide additional benefits to clients of both companies, enhancing their everyday financial experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.84%
Tags
partnership
Stock BAC logo
Bank Of America Corp.

NYSE:BAC

BAC Rankings

#28 Ranked by Market Cap
#3869 Ranked by Stock Gains
#1256 Ranked by Dividends

BAC Stock Data

272.82B
7.84B
13.18%
58.92%
0.91%
Commercial Banking
Finance and Insurance
Link
United States
Charlotte

About BAC

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.