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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
F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder
Rhea-AI Summary
F&G Annuities & Life, Inc. (FG) introduces F&G Confidence Builder, a Registered Index-Linked Annuity (RILA) to address retirement challenges. The product aims to balance risk management and long-term growth potential in a volatile market. The RILA category has seen significant growth, with F&G's Confidence Builder enhancing its retail product suite. The strategy, Hindsight 20/20, powered by BofA Securities, tracks three indexes to offer the best performance for clients. F&G aims to provide personalized investment strategies and flexibility to adapt to market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.59%
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none
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News
BofA Clients Had a Record 23.4 Billion Digital Interactions in 2023
Rhea-AI Summary
Bank of America's clients had a record 23.4 billion digital interactions in 2023, with 10.6 billion proactive alerts and 12.8 billion logins. The bank now has 57 million digital users, with 35 million opting for alerts. Erica, the virtual assistant, had 673 million interactions, and Zelle saw 21.5 million users sending $373 billion in payments. Bank of America received over 120 accolades for its digital leadership in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
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none
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News
BofA Program Delivers Banking & Investing Benefits and Rewards to 4 Million Employees of Corporate Clients
Rhea-AI Summary
Bank of America's Employee Banking & Investing program has seen significant growth, with over 450 corporate and commercial clients enrolled, providing access to nearly 4 million employees. The program offers financial education, rewards, banking, and investing capabilities to support employees' financial health. The company aims to enroll over 500 companies by the middle of the year. The program has been well-received, with 96% of employers feeling a sense of responsibility for their employees' financial wellness, and companies offering these programs seeing higher rates of employee satisfaction and retention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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none
News
BofA Report Finds 401(k) Account Balances Increased by 15% in 2023, Health Savings Account Balances Increased by 11%
Rhea-AI Summary
Bank of America Retirement and Personal Wealth Solutions, in partnership with Bank of America Institute, released its fourth quarter 2023 Participant Pulse, revealing that the average 401(k) account balances rose 15% to $86,280 in 2023. Nearly 18% of 401(k) plan participants increased their contribution rates last quarter, up from just over 9% who did so in the third quarter. The report also found that fewer participants borrowed from their 401(k) plan, and the average loan per participant declined to $8,210. Health Savings Account balances increased by 11% over the prior year, with millennials saving more of their HSA contributions than any other generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
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none
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News
Bank of America Declares First-Quarter 2024 Stock Dividend
Rhea-AI Summary
Bank of America Corporation has declared a regular quarterly cash dividend on its common stock of $0.24 per share and $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on March 29, 2024, and April 25, 2024, respectively. Bank of America is a leading financial institution with a wide range of financial products and services, serving millions of clients globally. The company's stock is listed on the New York Stock Exchange (NYSE: BAC).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
dividends
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News
BofA the Preeminent Leader in Greenwich Digital Transformation Benchmarking Study
Rhea-AI Summary
Bank of America's CashPro® platform has received top scores in the annual Coalition Greenwich Digital Transformation Benchmarking Study. The company's digital banking platform, used by over 40,000 corporate and commercial clients worldwide, was recognized for its leadership in Digital Channels and Payments & Treasury Management categories. Bank of America also received the 2023 Greenwich Excellence Awards for Digital Experience in Serving Large Corporate Clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
Tags
none
News
Bank of America Announces Redemptions of Floating Rate Senior Notes Due February 2025 and 1.843% Fixed/Floating Rate Senior Notes Due February 2025
Rhea-AI Summary
Bank of America Corporation announced the redemption of all outstanding Floating Rate Senior Notes and Fixed/Floating Rate Senior Notes, due February 2025, totaling $2.5 billion. The redemption price for each series of notes, along with accrued and unpaid interest, will be paid on February 5, 2024. Bank of America is a leading financial institution with a wide range of banking, investing, and asset management services, serving millions of clients globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Affluent Diverse Communities Report Strong Focus on Giving Back and Setting Up Future Generations
Rhea-AI Summary
Merrill Wealth Management published three studies examining the financial challenges, concerns and successes of the affluent Black/African American, LGBTQ+ and Hispanic-Latino communities in the United States. The studies reveal the community's motivations and challenges, showing that the Black/African American community is more motivated by ambition, the Hispanic-Latino community prioritizes supporting parents, and the LGBTQ+ community is focused on achieving financial independence and living life how they want. However, all three communities face increased financial barriers and stress compared to the general affluent population.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
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none
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News
Bank of America Announces Redemption of €1.25 Billion of 1.379% Fixed/Floating Rate Senior Notes, due February 7, 2025
Rhea-AI Summary
Bank of America Corporation announced the redemption of its 1.379% Fixed/Floating Rate Senior Notes, due February 7, 2025, with a principal amount outstanding of €1,250,000,000. The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount, plus accrued and unpaid interest. The company will also request the cancellation of the listing of the Notes on the Official List of the FCA and the admission to trading on the regulated market of the Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
News
Bank of America Declares Preferred Stock Dividends for First Quarter 2024
Rhea-AI Summary
Bank of America Corporation announced the declaration of regular cash dividends on the outstanding shares of preferred stock. The company serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The dividend payments are made on a quarterly or semi-annual basis, depending on the series of preferred stock. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
Tags
dividends earnings
Stock BAC logo
Bank Of America Corp.

NYSE:BAC

BAC Rankings

#30 Ranked by Market Cap
#3869 Ranked by Stock Gains
#1216 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.