Bank of America (BAC) Stock

CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- The Board of Directors at Bank of America Corporation has appointed Maria Martinez as a director, starting right away.

CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- Bank of America Corporation has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.26 per share for Bank of America common stock. This dividend will be paid on March 28, 2025, to shareholders who are on record as of March 7, 2025.

CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- Bank of America Corporation has announced that it will pay back all $1.5 billion of its 2.015% Fixed/Floating Rate Senior Notes, which are due in February 2026, on February 13, 2025.

Bank of America exceeded profit expectations for the fourth quarter, thanks to strong performance in investment banking and a careful approach to interest rate cuts by the central bank, which could lead to a higher valuation. With deposits reaching a record $1.97 trillion and increasing loans, BAC is set for strong net interest income growth in 2025. The company is currently undervalued compared to Wells Fargo, with a possible intrinsic value of $56 if it aligns with WFC's book value multiple.

Bank of America (BAC 0.28%) is recognized as one of the biggest financial institutions globally. It is a popular bank for consumers, currently holding more than $3.2 trillion in assets.

The results for the fourth quarter were varied, showing good growth in lending but lower profit margins and higher operating costs than anticipated, which resulted in lower pre-provision profits. The overall economic situation is getting better, and a stronger economy along with less strict regulations and increased market share could lead to faster earnings growth. However, a major consent order from the OCC and tough competition from other big banks in lending and services present challenges, though they seem manageable.

Bank of America (BAC) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.

Governor Kelly Armstrong from North Dakota responds to President Trump's call for Saudi Arabia to reduce oil prices during an appearance on 'Making Money.'

Donald Trump suggested that he might have a conflict with Federal Reserve Chair Jerome Powell and other central bankers during his virtual speech at the World Economic Forum. He mentioned that he would 'demand' lower interest rates.