Bank of America commented today on the results of the Federal Reserve’s 2024 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.26 per share beginning in the third quarter of 2024.
High-net-worth individuals believe U.S. stocks offer the best opportunities for growing assets, but that conviction is less held by younger investors, finds the 2024 Bank of America Private Bank Study of Wealthy Americans. Millennials and Gen Z are increasingly looking beyond traditional stock and bond markets to build their wealth and are driving demand for investment real estate, private equity, digital assets, and gold.
Bank of America announced its participation in the Morgan Stanley US Financials, Payments & CRE Conference. The event is scheduled for June 4, 2024.
The Boston Athletic Association (B.A.A.) announced today that the total funds raised through the 2024 Boston Marathon presented by Bank of America reached a record total of $71.9 million.
A new housing development is breaking ground on May 30 in Henrico County. The rent-restricted, solar-powered apartments, known as 'The Helios,' are a joint venture between Richmond-based partners Spy Rock Real Estate Group and Crescent Development. All units will be restricted and affordable to those earning under 60% of the Area Median Income (AMI). The site is located at 5701 Chamberlayne Road and replaces an abandoned Days Inn motel. The estimated completion of the project is by the end of 2025.
In Charlotte, North Carolina, a recent report indicates that 47% of American workers feel financially well, an increase from the previous year's figure of 42%. This data is drawn from Bank of America's 14th annual Workplace Benefits Report titled “The Resurging Workforce," which was conducted in collaboration with the Bank of America Institute. The report also revealed that economic uncertainty has decreased as a concern for employees' long-term retirement savings, dropping from 63% in 2023 to 53%.
Bank of America Corporation has announced its intention to redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ and the corresponding depositary shares each representing a 1/25th interest in a share of the Series JJ Preferred Stock. The bank also stated that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U and the corresponding Depositary Shares, each representing a 1/25th interest in a share of Series U Preferred Stock.
A significant number of prospective homebuyers are apprehensive about the long-term financial implications of renting, according to a new report by Bank of America. The Homebuyer Insights Report (HBIR), conducted in partnership with the Bank of America Institute, reveals that 70% of respondents feel they're not making a long-term investment in their future by renting, while 72% worry that rent increases could affect their current and long-term finances.
Bank of America has announced that it recently became aware of an unsolicited "mini-tender" offer by Tutanota LLC (Tutanota) to its shareholders. The offer proposes the purchase of up to 1 million shares of Bank of America common stock at $40.00 per share. This price is conditioned on the closing price per share of Bank of America's common stock exceeding $40.00 per share on the last trading day before the offer expires.
Bank of America Corporation announced today the redemption of its 0.523% Fixed/Floating Rate Senior Notes due June 2024. The bank will redeem all $1,500,000,000 principal amount outstanding of these notes on May 14, 2024. The redemption price will be equal to 100% of the principal amount of the Notes, along with accrued and unpaid interest up to, but excluding, the redemption date.The payment for the redemption will be facilitated through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. acting as the trustee and paying agent for the...
NASHVILLE, TN — Soles4Souls, a nonprofit focused on creating sustainable jobs and providing economic relief through the distribution of shoes and clothing, has received a significant boost from Bank of America. The financial institution granted $150,000 to Soles4Souls to expand its 4Opportunity program to the Dominican Republic.Buddy Teaster, President and CEO of Soles4Souls, expressed gratitude for the support, stating, “For more than a decade, we have seen how our 4Opportunity program can change lives around the world.” This initiative aims to empower individuals in...
Bank of America President of International Bernard Mensah is set to take part in the Barclays Americas Select Franchise Conference on May 8 at 1:30 p.m. British Summer Time in London, as announced by Bank of America. The event will also be accessible via a live webcast on the Bank of America Investor Relations website.Describing Bank of America's role in the financial sector, the institution is highlighted as a key player, catering to a wide spectrum of clients, including individual consumers, small and middle-market businesses, and large corporations. The company offers...
The US Green Building Council (USGBC) has announced the participants of the 2024 LEED for Cities Leadership Program. The program aims to support cities in their sustainability efforts and to help them achieve their environmental goals."We are thrilled to announce the cities that have been selected for the 2024 LEED for Cities Leadership Program cohort," said a representative from USGBC.The selected cities will receive guidance and resources to enhance their sustainability initiatives and work towards achieving LEED certification."The program will provide us with...