Core Viewpoint - Bank of America Corporation has announced the authorization of regular cash dividends on various series of preferred stock, indicating a commitment to returning value to shareholders [1][2]. Dividend Announcements - The following series of preferred stock will have dividends declared: - 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L: $18.125 per share, payable on October 30, with a record date of October 1 [2]. - Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z: $32.500 per share, payable on October 23, with a record date of October 1 [2]. - 5.875% Non-Cumulative Preferred Stock, Series HH: $0.3671875 per share, payable on October 24, with a record date of October 1 [2]. - 4.375% Non-Cumulative Preferred Stock, Series NN: $0.2734375 per share, payable on November 4, with a record date of October 15 [2]. - 4.125% Non-Cumulative Preferred Stock, Series PP: $0.2578125 per share, payable on November 4, with a record date of October 15 [2]. - 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR: $10.9375000 per share, payable on October 28, with a record date of October 1 [2]. - 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT: $15.3125000 per share, payable on October 28, with a record date of October 1 [2]. Company Overview - Bank of America is a leading global financial institution, providing a wide range of banking, investing, asset management, and risk management services [3]. - The company serves approximately 69 million consumer and small business clients through around 3,800 retail financial centers and approximately 15,000 ATMs [3]. - Bank of America is recognized for its digital banking services, with about 58 million verified digital users [3]. - The company operates in over 35 countries, serving corporations, governments, institutions, and individuals globally [3].

CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 25, 2024, all $2,000,000,000 principal amount outstanding of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 06051GJG5) (the "Notes"), 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 September 25, 2024.  Interest on the Notes will cease to accrue on the redem ...

CBS and Paramount+ to Expand Weekend CoverageAUGUSTA, Ga., Sept. 17, 2024 /PRNewswire/ -- Fred Ridley, Chairman of Augusta National Golf Club and the Masters Tournament, announced today that Bank of America will become a Champion Partner of the Masters Tournament, beginning with the 2025 Masters Tournament. Additionally, the Chairman has announced that CBS Sports will expand coverage hours of the Tournament on Saturday and Sunday also beginning in 2025.Bank of America will join AT&T, IBM and Mercedes-Benz, ...

Renowned investor Warren Buffett, known for his long-term stock picks and strategic patience, is on a selling spree. Over the last couple of months, his company, Berkshire Hathaway (NYSE: BRK.A), has unloaded a significant chunk of Bank of America (NYSE: BAC) stock. And it wasn’t just a small adjustment. Since mid-July, Buffett has sold a staggering $7.2 billion worth of BAC stock, reducing Berkshire’s position by 174.7 million shares. In just three trading days last week, Berkshire sold an additional 5.8 m ...

CHARLOTTE, N.C., Sept. 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the "Notes"), 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 October 1, 2024. Interest on the Notes will cease to accrue on the redemption dat ...

Over the past two months, Buffett-led Berkshire Hathaway has dumped more than $7.2 billion of Bank of America stock.Warren Buffett's company Berkshire Hathaway has built one of the largest and most successful stock portfolios in the world. It's now worth more than $300 billion. It's a great endorsement to be in Berkshire's portfolio. But it can also attract some unwanted attention if Buffett and Berkshire start to sell a stock.That's the position Bank of America (BAC -0.34%) has found itself in after the co ...

Warren Buffett has sold some of Berkshire's stake, but still owns more than 11% of the bank.Bank of America (BAC -0.34%) is the third-largest stock position in Berkshire Hathaway's (BRK.A -0.54%) (BRK.B -0.72%) portfolio, even after the conglomerate sold some of its position in recent months. In this video, two Fool.com contributors discuss Bank of America's business and whether it's a good buy right now.*Stock prices used were the morning prices of Sept. 12, 2024. The video was published on Sept. 13, 2024. ...

The Oracle of Omaha has sent nearly $7.2 billion worth of his favorite bank stock to the chopping block over the last eight weeks.Few investors have the ability to command the attention of Wall Street professionals and everyday investors quite like Berkshire Hathaway (BRK.A -0.54%) (BRK.B -0.72%) CEO Warren Buffett. The reason is simple: He's crushed Wall Street's benchmark indexes over a span of nearly six decades.Since taking the reins in the mid 1960s, the Oracle of Omaha has overseen a cumulative return ...

Lux Blue Investment Thesis When building investment portfolios from scratch, achieving an attractive Total Return is crucial. High dividend yield companies play a key role within your portfolio, since they ensure you start your investment journey with an attractive Weighted Average Dividend Yield, allowing you to receive an attractive number of dividends. Receiving dividend payments means you do not need to sell positions of your portfolio to financially benefit. At the same time, it can allow you to co ...

Warren Buffett's Berkshire Hathaway Inc BRK BRK has been steadily trimming its stake in Bank of America Corp BAC, selling off $7.2 billion worth of shares since mid-July.Warren Buffet Has Been Trimming Stake In BACFollowing the sale of 5.8 million shares for $228.7 million at an average price of $39.45 on Friday, Monday and Tuesday, Berkshire Hathaway's stake in Bank of America has decreased to approximately 11% of the company's total shares. Despite this reduction, Berkshire remains BAC's largest sharehold ...