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 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.
Bank of America (NYSE: BAC) announced its first-quarter 2023 financial results on April 18, 2023. The report showcased the bank's extensive reach, serving approximately 68 million consumers and small businesses in the U.S. with around 3,900 retail centers and 15,000 ATMs. Additionally, the company boasts about 56 million verified digital users, highlighting its digital banking growth.
The earnings release is available on the bank's Investor Relations website, where investors can also find details regarding the investor conference call held at 8:30 a.m. ET. This call is important for understanding the drivers behind the bank's recent performance.
On April 13, 2023, Bank of America announced the funding of 23 cultural preservation projects globally as part of its Art Conservation Project. This initiative has supported over 237 projects since 2010, preserving historically significant art across 40 countries. The 2023 grant recipients include notable institutions such as the Los Angeles County Museum of Art and the Armenian Museum of America, focusing on diverse cultural artifacts ranging from illuminated manuscripts to iconic sculptures. Brian Siegel, Bank of America's Global Arts, Culture & Heritage Executive, emphasized the importance of cultural sustainability and accessibility in the arts. For more details on the grant recipients, view the 2023 brochure.
Bank of America, a leading financial institution, is set to report its first-quarter 2023 financial results on April 18, releasing the results at 6:45 a.m. ET. An investor presentation will follow at 8:30 a.m. ET. The reports will be accessible via the company's Investor Relations website. Investors can connect to the presentation by calling 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), using conference ID 79795. Replays will be available from noon on April 18 until 11:59 p.m. ET on April 28. Bank of America serves approximately 67 million clients with a broad range of financial services, operating in over 35 countries worldwide.
Bank of America has announced its Board of Directors' approval for cash dividends on preferred stock for the second quarter of 2023. The dividends vary across several series:
- Series E: $0.32223, payable on May 15, with a record date of April 28.
- Series F: $1,345.82967, payable on June 15, with a record date of May 31.
- Series G: $1,345.82967, payable on June 15, with a record date of May 31.
- Series U: $26.00, payable on June 1, with a record date of May 15.
- Series 1: $0.3565, payable on May 30, with a record date of May 15.
- Series 2: $0.34632, payable on May 30, with a record date of May 15.
The dividend payments reflect the company's ongoing commitment to return value to shareholders.
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