Bank of America Corporation announced today that its Board of Directors has declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, an increase of $0.02 from the previous quarter. The dividend will be payable on September 27, 2024, to shareholders of record as of September 6, 2024.
Euromoney Magazine has named Bank of America (BofA) the World’s Best Bank for Markets and the World’s Best Bank for Trade Finance. The bank received a total of 19 awards at Euromoney’s Awards for Excellence gala on July 18 in London, an event that recognizes leadership in financial services.
Bank of America reported its second quarter 2024 financial results today. The news release, supplemental filing, and investor presentation can be accessed at Bank of America’s Investor Relations website.
CHARLOTTE, NC – Today, 46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America's Better Money Habits® financial education team. Additionally, 52% of those surveyed said they don’t make enough money to live the life they want and cite the cost of living as a top barrier to financial success. Many reported delaying milestones and are not on track to buy a home (50%), save for retirement (46%), or start investing (40%) within the next five years, even though they are working toward those goals.
Bank of America has introduced a new transaction search engine with integrated investigation capabilities on its CashPro platform. This development aims to provide corporate finance departments, treasurers, and CFOs with the same ease and convenience they experience in managing personal finances.
CHARLOTTE, NC – Actualmente, el 46% de la generación Z (entre 18 y 27 años) depende de la ayuda financiera de sus padres y familiares, según un nuevo estudio del equipo de educación financiera de Mejores Hábitos Financieros® de Bank of America. Además, el 52% de los encuestados afirmó que no gana suficiente dinero para vivir la vida que desea y citan el costo de vida como el principal obstáculo para el éxito financiero. Muchos indicaron que están posponiendo metas como comprar una casa (50%), ahorrar para la jubilación (46%) o empezar a invertir (40%) en los próximos cinco años.
Bank of America will report its second-quarter 2024 financial results on Tuesday, July 16. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET.
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...