The company said its Board authorized a new common stock repurchase program of $25 billion, effective August 1, 2024, replacing the current program, which expires on that date.

8-KOther EventsFiled Jul 24, 2024Period of report Jul 24, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said its Board authorized a new common stock repurchase program of $25 billion, effective August 1, 2024, replacing the current program, which expires on that date.
The company said it declared a regular quarterly cash dividend of $0.26 per common share, up $0.02 per share from the prior quarter. The dividend is payable on September 27, 2024 to shareholders of record as of September 6, 2024.
Bank of America said approximately $6.7 billion of common stock repurchase capacity remained under the existing program as of June 30, 2024. The existing program expires on August 1, 2024.
Bank of America said it declared a regular quarterly cash dividend of $1.75 per share on its 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 25, 2024 to shareholders of record as of October 11, 2024.

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.

Board Authorizes New $25 billion Stock Repurchase Program

The company said its Board authorized a new common stock repurchase program of $25 billion, effective August 1, 2024, replacing the current program, which expires on that date.

Source · Based on the filing body and exhibits

Quarterly Common Dividend of $0.26, Up $0.02 From Prior Quarter

The company said it declared a regular quarterly cash dividend of $0.26 per common share, up $0.02 per share from the prior quarter. The dividend is payable on September 27, 2024 to shareholders of record as of September 6, 2024.

Source · Based on the filing body and exhibits

About $6.7 billion Remains on Existing Repurchase Program

Bank of America said approximately $6.7 billion of common stock repurchase capacity remained under the existing program as of June 30, 2024. The existing program expires on August 1, 2024.

Source · Based on the filing body and exhibits

7% Cumulative Redeemable Preferred Stock, Series B Dividend

Bank of America said it declared a regular quarterly cash dividend of $1.75 per share on its 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 25, 2024 to shareholders of record as of October 11, 2024.

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

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