Bank of America said it plans to increase its quarterly common stock dividend from $0.24 to $0.26 per share beginning in Q3 2024. The company said the increase is subject to approval by its Board of Directors.

8-KOther EventsFiled Jun 28, 2024Period of report Jun 28, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

Bank of America said it plans to increase its quarterly common stock dividend from $0.24 to $0.26 per share beginning in Q3 2024. The company said the increase is subject to approval by its Board of Directors.
The company said that, based on the Federal Reserve's 2024 CCAR results, its stress capital buffer (SCB) will be 3.2% and its CET1 minimum requirement will be 10.7% when finalized.
The company said the new stress capital buffer will be effective from October 1, 2024 to September 30, 2025. It said the CET1 minimum requirement of 10.7% is the figure that applies when it is finalized.
The company said that as of March 31, 2024, it had $197 billion of regulatory CET1 capital and an CET1 ratio of 11.9%, which exceeds its current regulatory minimum requirement of 10.0%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Bank of America Plans to Raise Quarterly Common Dividend from $0.24 to $0.26

Bank of America said it plans to increase its quarterly common stock dividend from $0.24 to $0.26 per share beginning in Q3 2024. The company said the increase is subject to approval by its Board of Directors.

Source · Based on the filing body and exhibits

2024 CCAR Results: Stress Capital Buffer of 3.2%

The company said that, based on the Federal Reserve's 2024 CCAR results, its stress capital buffer (SCB) will be 3.2% and its CET1 minimum requirement will be 10.7% when finalized.

Source · Based on the filing body and exhibits

New SCB Effective Period: October 1, 2024 to September 30, 2025

The company said the new stress capital buffer will be effective from October 1, 2024 to September 30, 2025. It said the CET1 minimum requirement of 10.7% is the figure that applies when it is finalized.

Source · Based on the filing body and exhibits

Regulatory CET1 Capital as of March 31, 2024 of $197 billion

The company said that as of March 31, 2024, it had $197 billion of regulatory CET1 capital and an CET1 ratio of 11.9%, which exceeds its current regulatory minimum requirement of 10.0%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.