Corporate and Financial News

7/25/19 4:15 pm EDT

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.18 per share, payable on September 27, 2019 to shareholders of record as of September 6, 2019.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 25, 2019 to shareholders of record as of October 11, 2019.

Additionally, the Board has authorized a regular cash dividend of $0.3359375 on the depositary shares of more...

7/25/19 10:50 am EDT

The Bank of America Corporation Board of Directors today appointed Denise L. Ramos as a director, effective immediately.

Ramos, 62, retired in 2019 as the CEO, president and a director of ITT, Inc., after serving in those roles since 2011. She joined the company in 2007, serving as the senior vice president and CFO before becoming CEO. Under her tenure as CEO, market capitalization for the company increased nearly three times to more than $5 billion.

Currently, Ramos is on the boards of directors for Phillips 66 and United Technologies Corp. She previously served on the more...

7/17/19 6:45 am EDT

Bank of America reported its second-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

 

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7/11/19 4:15 pm EDT

Bank of America Corporation announced today that it will redeem all outstanding shares of its 6.625% Non-Cumulative Preferred Stock, Series W (the Series W Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series W Preferred Stock (the Series W Depositary Shares) on September 9, 2019.

All 44,000,000 Series W Depositary Shares (NYSE: BAC PrW) (CUSIP No. 060505344), each representing a 1/1,000th interest in one share of the Series W Preferred Stock, will be redeemed on the dividend payment date on September 9, 2019 more...

7/10/19 10:00 am EDT

As previously announced, Bank of America will report its second-quarter 2019 financial results on Wednesday, July 17. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

The news release, supplemental filing and investor presentation can be accessed in the following ways:

7/8/19 9:30 am EDT

Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

         -   Q2 2019 Bank of America Financial Results Press Release

Series of Preferred Stock

 

 

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7/2/19 4:30 pm EDT

Bank of America Corporation announced today that it will redeem 51,755 shares out of a total of 60,000 shares outstanding of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series V (the Series V Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series V Preferred Stock (the Series V Depositary Shares) (CUSIP No. 060505EG5), on August 2, 2019.

Of the total 1,500,000 Series V Depositary Shares outstanding, 1,293,875 Series V Depositary Shares, each representing a 1/25th interest in one share of the Series V Preferred Stock more...

6/27/19 4:45 pm EDT

Bank of America today announced that the Federal Reserve did not object to its capital plan following completion of the 2019 Comprehensive Capital Analysis and Review and that the company’s Board of Directors approved plans to increase capital returns to shareholders.

“By driving Responsible Growth, we have generated record earnings and consistent returns that allow us to invest in our company, deliver solid returns to shareholders, and also address some of the world’s most pressing priorities,” said Bank of America Chairman and CEO Brian Moynihan. “Today’s announcement includes a more...

6/21/19 4:56 pm EDT

Bank of America today published the results of the company’s 2019 Dodd-Frank Act Annual Stress Test. The results can be found on the company’s Investor Relations website at http://investor.bankofamerica.com under the Events and Presentations tab.

 

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk more...

6/13/19 9:30 am EDT

Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Series of Preferred Stock       more...
6/5/19 11:00 am EDT

The president of Merrill Lynch Wealth Management, Andy Sieg, will participate in the Morgan Stanley Financials Conference on Wednesday, June 12 at 8 a.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

 

 

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations more...

5/30/19 11:30 am EDT

Bank of America today announced the following 2020 reporting dates for quarterly financial results:

  • Fourth quarter 2019 - Wednesday, January 15, 2020
  • First quarter 2020 - Wednesday, April 15, 2020
  • Second quarter 2020 - Thursday, July 16, 2020
  • Third quarter 2020 - Wednesday, October 14, 2020

The results will be released at 6:45 a.m. more...

5/22/19 11:00 am EDT

Bank of America Chief Executive Officer Brian Moynihan will participate in the Bernstein Strategic Decisions Conference on Wednesday, May 29 at 3:30 p.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

 

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a more...

5/21/19 11:00 am EDT

Bank of America President of Consumer and Small Business Dean Athanasia will participate in the Deutsche Bank Global Financial Services Conference on Tuesday, May 28 at 1:10 p.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

 

 

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market more...

5/15/19 9:00 am EDT

Last month, Bank of America announced that it would raise its minimum hourly wage to $20 over a two-year period. The first increment to $17 was made on May 1, and is reflected in impacted employees’ paychecks this week. The hourly rate of pay will continue to increase until it reaches $20 in 2021. This is part of Bank of America’s commitment to being a great place to work and delivering sustainable, responsible growth through competitive benefits and programs that support the diverse needs of its 205,000+ employees.

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4/24/19 4:15 pm EDT

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.15 per share, payable on June 28, 2019 to shareholders of record as of June 7, 2019.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2019 to shareholders of record as of July 11, 2019.

Bank of America
Bank of America is one of more...

4/24/19 10:53 am EDT

Bank of America Corporation today announced preliminary results of matters voted upon during the company’s 2019 annual meeting of stockholders.

The 16 board of director nominees were elected, with at least 96 percent of the vote cast in favor of each. An advisory proposal on executive compensation was approved, with more than 95 percent of the vote cast in favor. The appointment of the company’s independent accounting firm and a key employee equity plan amendment also were approved. No stockholder proposals were more...

4/16/19 6:45 am EDT

Bank of America reported its first-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

       - Q1 2019 Financial Results Press Release
  - more...
4/9/19 10:00 am EDT

As previously announced, Bank of America will report its first-quarter 2019 financial results on Tuesday, April 16. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

The news release, supplemental filing and investor presentation can be accessed in the following ways:

  • Bank of America newsroom at more...
4/9/19 8:16 am EDT

Bank of America today announced that it will raise its minimum wage to $20 per hour over a two-year period. The increase will occur in increments. On May 1, 2019, the minimum hourly wage will increase to $17, and will continue to rise until it reaches $20 in 2021. This is part of the company’s commitment to being a great place to work and delivering sustainable, responsible growth through competitive benefits and programs that support the diverse needs of its 205,000+ employees.

“We are raising our minimum wage because we more...