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) generates a steady flow of news as one of the world’s leading financial institutions. Company releases regularly highlight its role in consumer and commercial banking, wealth management, and corporate and investment banking, as well as updates on its capital structure and shareholder distributions. This news page aggregates those announcements so readers can follow developments that may be relevant to Bank of America stock and to the broader financial sector.
Investors will find earnings-related news, such as Form 8-K filings and press releases announcing quarterly and annual financial results, along with details on investor conference calls and accompanying presentation materials. These items provide insight into Bank of America’s performance, capital levels, and management’s commentary on its businesses. The company also issues news about preferred stock dividends, common stock repurchase authorizations, and other actions that affect its various securities listed on the New York Stock Exchange.
Beyond financial reporting, Bank of America’s news includes information on new products and technology initiatives, such as AI-driven treasury tools accessed through its CashPro platform, and consumer offerings tied to major events. Releases also describe community and philanthropic commitments, including grants and zero-interest capital to support disaster recovery, youth programming, arts institutions, and local economic development.
By reviewing the BAC news feed on this page, readers can track how the company communicates about its banking, investing, asset management, and risk management activities, as well as its engagement with communities in the United States and in other markets where it operates. Frequent updates make this a useful resource for monitoring Bank of America’s disclosures over time.
Bank of America has announced the launch of its new Unlimited Cash Rewards credit card, allowing clients to earn unlimited 1.5% cash back on all purchases without an expiration on rewards. The card includes no annual fee and enables easy redemption for statement credits or deposits. Clients enrolled in the Preferred Rewards program can earn up to 2.62% cash back. Additionally, a Business Advantage Unlimited Cash Rewards card is set to launch in October, offering similar benefits for business owners.
Bank of America announced its second-quarter 2021 financial results, showcasing its leadership in the financial sector. With approximately 66 million consumer clients and over 4,300 retail centers, the bank emphasizes its extensive reach and digital banking capabilities, boasting 41 million active users. Key highlights include strong asset management and investment banking services, positioning BAC as a key player globally. Investors can access further details and listen to the conference call via the Investor Relations website.
Bank of America declared cash dividends for various series of preferred stock. The dividends include:
- Series E: $0.25556, payable on August 16, record date July 30.
- Series F: $1,022.22222, payable on September 15, record date August 31.
- Series G: $1,022.22222, also payable on September 15, record date August 31.
- Series X: $31.25, payable on September 7, record date August 15.
- Series AA: $30.50, payable on September 17, record date September 1.
The company continues to maintain its commitment to returning value to shareholders through consistent dividend payments.
Bank of America will release its Q2 2021 financial results on July 14, 2021, at approximately 6:45 a.m. ET. This will be followed by an investor presentation at 9:00 a.m. ET. Investors can access the results, supplemental filings, and presentations via the company’s Investor Relations website. For those wishing to participate in the investor call, dial in 10 minutes early for a listen-only connection or access the live audio webcast through the same site.
Bank of America disclosed an unsolicited mini-tender offer from Tutanota LLC to purchase 1 million shares at $47 each, contingent on the stock price exceeding this amount on the expiration day. Shareholders are advised against participating as the offer price may be below market value. Tutanota has conditions to fulfill, including financing, which may delay payment. The bank does not endorse this offer and warns that mini-tender offers are less regulated, posing risks for shareholders. Investors are encouraged to consult their brokers for accurate market quotations before deciding.
The Bank of America Chicago Marathon will feature elite runners Galen Rupp and Sara Hall in its 43rd annual event on October 10. Rupp, a two-time Olympic medalist and past Chicago Marathon champion, returns aiming for victory after previous successes and setbacks. Meanwhile, Hall, the second fastest American female marathon runner, seeks to break the American marathon record, currently held at 2:19:36. Both athletes exemplify determination and resilience, as they prepare for a competitive race that represents a global comeback for the running community.
Bank of America announced a 17% increase in its quarterly common stock dividend to $0.21 per share, effective Q3 2021, pending Board approval. The 2021 Comprehensive Capital Analysis and Review results reveal a preliminary stress capital buffer (SCB) of 2.5%, unchanged from its current level, leading to a minimum common equity tier 1 (CET1) ratio of 9.5%. As of March 31, 2021, Bank of America reported a CET1 ratio of 11.8%, equating to approximately $35 billion in excess capital.
Bank of America announced grant funding for 23 art restoration projects across 13 countries and nine U.S. cities through its 2021 Art Conservation Project. Celebrating a decade of support, the initiative has funded over 5,000 artworks in 195 projects since 2010. This year, notable recipients include the Art Institute of Chicago and the Vatican Museums. The program aims to enhance cultural understanding and support local economies. Bank of America emphasizes its commitment to art conservation as part of its broader environmental, social, and governance (ESG) efforts.
Bank of America has introduced the Personal Retirement Strategy, a new digital investment advisory program aimed at institutional and corporate retirement plan clients. This program offers tailored insights and tools to help plan participants achieve their retirement income goals through a seamless integration into the 401(k) experience. Key features include an interactive digital experience, goals-based planning, actionable insights, and personalized investment management services. As of December 31, 2020, Bank of America serves over 26,000 companies and 5.7 million employees.
Carver Bancorp (Nasdaq: CARV) and Bank of America (NYSE: BAC) have closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative Solutions Group. This facility marks Carver's inaugural participation in a subscription line facility and represents a pioneering collaboration as an MDI co-lender. The partnership aims to enhance access to financing for underserved communities affected by COVID-19. Carver, a certified Minority Depository Institution, emphasizes its commitment to economic empowerment and financial inclusion for communities of color.