Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.28 Per Share

Core Viewpoint - Bank of America announced plans to increase its quarterly common stock dividend to $0.28 per share starting in Q3 2025, following positive results from the Federal Reserve's 2025 Comprehensive Capital Analysis and Review (CCAR) [1][4]. Group 1: Capital Analysis and Stress Test Results - The 2025 stress test results showed an improvement in Bank of America's modeled capital depletion by 100 basis points (bps) to 170 bps, indicating stronger capital resilience [2]. - As a result of the stress test, Bank of America's preliminary stress capital buffer (SCB) would improve by 70 bps to 2.5%, with a CET1 minimum requirement of 10.0%, effective October 1, 2025 [2]. - If proposed modifications to the SCB calculation are adopted, the SCB would increase to 2.7%, raising the CET1 minimum ratio to 10.2%, effective January 1, 2026 [3]. Group 2: Financial Position - As of March 31, 2025, Bank of America reported $201 billion in regulatory CET1 capital and a CET1 ratio of 11.8%, which exceeds the current minimum requirement [3]. Group 3: Company Overview - Bank of America is a leading financial institution, serving approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs [7]. - The company is recognized for its digital banking services, with approximately 59 million verified digital users, and provides a full range of banking, investing, asset management, and risk management products [7]. - Bank of America operates globally, serving clients in the U.S., its territories, and over 35 countries, and is listed on the New York Stock Exchange (NYSE: BAC) [7].