Bank of America Declares Quarterly Dividend on Series L Preferred Stock, Series Y Preferred Stock and Series Z Preferred Stock


Dateline City: CHARLOTTE, N.C. Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $ 18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on April 30 to shareholders of record as of April 1. The board also authorized a regular quarterly cash dividend Read more [...]

Bank of America Kicks Off 18th Season of Museums on Us®


Dateline City: CHARLOTTE, N.C. Nationally Recognized Program Provides Bank of America and Merrill Lynch Cardholders Free Access to 150 Participating Arts and Culture Institutions Across the U.S. Bank of America has announced the 2015 Museums on Us program roster, featuring many of the nation’s favorite arts, cultural and historical Read more [...]

Bank of America Authorizes a $4 Billion Common Stock Repurchase Program


Dateline City: CHARLOTTE, N.C. Bank of America today announced that the company’s Board of Directors authorized a $ 4 billion common stock repurchase program. The Federal Reserve Board (Fed) has informed the company that it completed its 2015 Comprehensive Capital Analysis and Review and it did not object to the company’s capital plan for the period from the second quarter of 2015 Read more [...]

U.S. Environmental Protection Agency Recognizes Bank of America for Climate Change Leadership


Dateline City: CHARLOTTE, N.C. First Financial Institution to Receive Organizational Leadership Award; Addresses Accomplishments Across the Company The U.S. Environmental Protection Agency (EPA) has recognized Bank of America for exceptional leadership in response to climate change. The announcement was made today at the EPA 2015 Climate Read more [...]

Bank of America Provides Estimates From 2015 Stress Test Results


Dateline City: CHARLOTTE, N.C. Bank of America today released the results of its 2015 stress test. Under the Dodd-Frank Act, systemically important institutions are required to conduct an annual stress test and publish the results. The Federal Reserve conducts its own test and announces its results at the same time. Bank of America’s estimates may differ from the Federal Reserve’s Read more [...]

No Failures in Fed’s Annual Bank Stress Tests


For the first time since the financial crisis, the Fed isn’t handing out any Fs. On Thursday, the Federal Reserve released the results of its annual bank stress tests. Of the 31 banks the Fed tested—which included the largest U.S. banks, like Bank of America, Citi, and Wells Fargo—as well as some sizable regional banks and the U.S. divisions of large international banks, all were deemed strong enough to weather a severe economic meltdown without any help from the government. Still, Read more [...]

Bank of America Merrill Lynch Provides More Than $3.2 Billion in Community Development Banking Lending and Investing in 2014


Dateline City: NEW YORK Scope of Projects Impacted Wide Range of Constituents in Communities Nationwide Bank of America Merrill Lynch Community Development Banking provided more than $ 3.2 billion in loans, tax credit equity investments and other real estate development solutions to over 550 clients in 2014, creating more than 13,000 Read more [...]