|Bid||23.30 x 21500|
|Ask||23.31 x 21500|
|Day's Range||23.22 - 23.99|
|52 Week Range||17.95 - 35.72|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||9.47|
|Forward Dividend & Yield||0.72 (3.09%)|
|Ex-Dividend Date||Jun. 04, 2020|
|1y Target Est||N/A|
Bank of America Corporation announced today that it will redeem on July 21, 2020 all $1,000,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGN3) (the "Floating Rate Notes"), and all $2,500,000,000 principal amount outstanding of its 2.369% Fixed/Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGP8) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Senior Notes").
Bank of America today commented on the results of the Federal Reserve’s 2020 Comprehensive Capital Analysis and Review (CCAR). The company continues to be well capitalized and able to serve clients, communities and businesses, even during times of severe economic and financial market stress.
Bank of America announced today its first 10-year structured renewable energy agreement for solar power in Texas. In partnership with Reliant, an NRG Energy company, the deal will contribute to Bank of America’s commitment to purchase 100% of electricity from renewable sources and builds on the company’s carbon-neutral efforts. The project will provide electricity through the Electric Reliability Council of Texas (ERCOT) region to 345 facilities, which include office sites, financial centers and ATMs. Bank of America will receive both electricity and Green-e®-certified renewable energy certificates (RECs).
For the 11th consecutive year, the J.D. Power Certified Customer Service Program has recognized Bank of America’s Corporate, Commercial and Business Banking contact centers, which include card servicing, for providing "An Outstanding Customer Service Experience."
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:
Bank of America announced today that it is making a $1 billion, four-year commitment of additional support to help local communities address economic and racial inequality accelerated by a global pandemic. The programs will be focused on assisting people and communities of color that have experienced a greater impact from the health crisis.
Bank of America, N.A. announced today that it will redeem all $1,607,959,000 principal amount outstanding of its Floating Rate Senior Bank Notes, due May 2021 (CUSIP No. 06050TML3) (the "Notes"), on May 24, 2020, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to but excluding the redemption date of May 24, 2020. Since May 24, 2020 is not a business day, the redemption price will be paid on the succeeding business day, May 26, 2020.
Bank of America announced today that it has received Small Business Administration (SBA) loan approvals for 265,500 small businesses under the SBA’s Paycheck Protection Program (PPP). This represents $24.9 billion in needed relief for small businesses. More than 256,000 of these small businesses have received a loan number since the SBA reopened the PPP funding on April 27.
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors with Merrill Lynch (NYSE:BAC) accounts who sustained losses from investments in the Energy Sector, High Yield Debt, and investments tied to the Alerian MLP Index, including Master Limited Partnerships ("MLPs"), Exchange Traded Funds ("ETFs"), Exchange Traded Notes ("ETNs"), and Business Development Companies ("BDCs"). These investments may have been marketed and sold to customers who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.
Bank of America today announced preliminary results of matters voted upon during the company’s 2020 annual meeting of stockholders.
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 June 26, 2020 to shareholders of record as of June 5, 2020.
Bank of America reported its first-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:
NEW YORK, NY / ACCESSWIRE / April 15, 2020 / Bank of America Corp. (NYSE:BAC) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 15, 2020 at 8:30 AM ...
KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by investors with Merrill Lynch (NYSE:BAC) ("Merrill") accounts who were forced to sell securities due to margin calls. The investigation focuses on Merrill’s potential negligence and mismanagement of leveraged accounts. Recently, investors quickly saw the major stock indices lose significant value after closing on Friday, February 21, 2020, at near 52-week highs. The market volatility has been precipitated by COVID-19. Many investment portfolios, like the stock indices, have also seen tremendous declines, leaving leveraged accounts especially at risk of margin calls.
Bank of America announced today that it will host the company’s 2020 annual meeting of shareholders virtually due to public health concerns resulting from the coronavirus (COVID-19) and the related protocols federal, state, and local governments have implemented. The 2020 annual meeting of shareholders will begin at 10 a.m. Eastern Time on Wednesday, April 22. Shareholders will not be able to attend the 2020 annual meeting in person.
As previously announced, Bank of America will report its first-quarter 2020 financial results on Wednesday, April 15. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.
One year ago, Bank of America announced it would raise its U.S. minimum hourly wage to $20 over a two-year period. The first increment to $17 was made in May 2019; six months later, the company announced it would accelerate the move to $20 by a year; and in March this year, Bank of America made this change.
As the federal government continues to finalize the details and protocols of implementing the recently passed Coronavirus Aid Relief and Economic Security (CARES) Act, Bank of America today announced that it will provide up to $250 million in capital to community development financial institutions (CDFIs) by funding loans through the newly established Paycheck Protection Program. In addition, Bank of America will provide up to $10 million in philanthropic grants to help fund the operations of CDFIs.
Bank of America today announced additional support for its 66 million Consumer and Small Business clients in response to the unprecedented challenges of the coronavirus. The company is offering assistance to clients through its Client Assistance Program and continuing to provide access to the important financial services on which these clients rely.
Bank of America today announced it is committing $100 million to support local communities in need as the world faces unprecedented challenges from the coronavirus. The funds will help increase medical response capacity, address food insecurity, increase access to learning as a result of school closures, and provide support to the world’s most vulnerable populations.