Bank of America Corporation reports developments across consumer banking, wealth management, corporate and investment banking, global markets and capital actions. The company serves individual consumers, small and middle-market businesses, large corporations, governments and institutions with banking, investing, asset management, lending, trading and risk-management products and services.
Recurring BAC news includes operating and financial results, regular dividends on common and preferred stock, Merrill Wealth Management platform and advisor updates, co-branded credit card partnerships, and community or cultural initiatives such as the Bank of America Art Conservation Project. Coverage also reflects the company's digital banking, small-business services and international banking presence.
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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.