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 announced the redemption of all $1.5 billion of its 3.124% Fixed/Floating Rate Senior Notes and $750 million of its Floating Rate Senior Notes, both due January 2023, on January 20, 2022. The redemption price includes 100% of the principal and accrued interest until the redemption date. Payment will be processed via The Depository Trust Company, with The Bank of New York Mellon Trust Company acting as trustee. The company highlights its strong client service base, with approximately 66 million consumer clients and significant digital banking growth.
Bank of America Corporation has announced regular cash dividends on its preferred stock series for the first quarter of 2022. Key details include:
- Series L: $18.125, payable on January 31
- Series HH: $0.3671875, payable on January 24
- Series MM: $21.50, payable on January 28
- Series NN: $0.2734375, payable on February 3
- Series PP: $0.2578125, payable on February 2
The record date for all series is January 1.
Bank of America has appointed Rita Sola Cook as the new President of Bank of America Chicago, succeeding Paul Lambert, who retired after 30 years. Cook, who joined the bank in 1997, previously held leadership roles in various divisions, including as Division Executive for the Midwest and Mid-Atlantic regions. She aims to connect banking resources across Chicagoland and address social concerns. Lambert's contribution included developing job pathways in underserved communities. The transition highlights continuity in leadership and commitment to community engagement.
The Bank of America Chicago Marathon is set to welcome back 40,000 participants in 2022 following a reduced field in 2021. The event, scheduled for October 9, 2022, will notify runners of their selection status today. Participants can also join through the Charity Program, which has raised over $265 million since 2002, including $21.4 million in 2021 alone. The race aims to ensure safety in collaboration with the City of Chicago and will share health guidelines before the event.
Bank of America announced enhancements to its Preferred Rewards program, adding two new high net worth tiers—Diamond and Diamond Honors—for clients with $1 million and $10 million in assets, respectively. The bank also introduced the Premium Rewards Elite credit card, offering significant travel and lifestyle benefits, including unlimited points on purchases. Additionally, the new Partner Rewards program will soon launch, providing unique merchant discounts and rewards for credit and debit cardholders, emphasizing Bank of America's commitment to enriching client relationships.
Bank of America has announced a $1 million grant to the Straz Center for the Performing Arts, supporting its $80 million Master Plan aimed at transforming the venue into a cultural hub for the Tampa Bay community. The initiative will enhance arts education facilities and improve guest experiences on Tampa's Riverwalk. This ongoing partnership reflects Bank of America's commitment to community engagement and recognizes the economic and educational benefits of the arts.
Lucid Group (NASDAQ: LCID) has partnered with Bank of America to streamline financing options for its customers. The collaboration aims to facilitate the purchasing process of Lucid's luxury electric vehicles, beginning with the Lucid Air, which has over 17,000 reservations. Bank of America will offer tailored financing solutions to support the rising demand for EVs, aligning with its commitment to environmental sustainability, including a $1 trillion investment in low-carbon projects. Deliveries of the Lucid Air have commenced as production continues at Casa Grande, Arizona.
Bank of America has made a significant contribution of $1 million towards the construction of the Kirk Kerkorian School of Medicine at UNLV, marking its first donation for this project which began in October 2020. This project has, to date, secured over $150 million in private donations. Upon completion, the school will serve up to 120 students, doubling its capacity. A study estimates it could bring about $1.2 billion annually to the local economy in 15 years.
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