Core Viewpoint - Bank of America is set to pay $540.3 million following a judge's ruling in a lawsuit initiated by the FDIC regarding underpayment for deposit insurance [1] Group 1: Lawsuit Details - The FDIC sued Bank of America for $1.12 billion in 2017, claiming the bank did not comply with a 2011 rule that altered how banks report risk exposure, leading to reduced deposit insurance contributions [2] - The judge ruled against Bank of America's argument that the FDIC's rule lacked a reasonable basis, stating that the FDIC was not obligated to create a "perfect measure" for predicting banks' potential losses [3] - The judge determined that the FDIC's lawsuit was filed too late to claim amounts prior to the second quarter of 2013, resulting in the ordered payment covering assessments from Q2 2013 to the end of 2014 [3] Group 2: Bank of America's Response - A spokesperson for Bank of America expressed satisfaction with the judge's ruling and noted that the bank has reserves in place reflecting this decision [4] Group 3: Regulatory Environment - The FDIC's new acting chairman, Travis Hill, announced plans for a comprehensive review of regulations and a more open-minded approach to innovation and technology, including FinTech partnerships and digital assets [5] - The FDIC has recently updated its guidance, allowing FDIC-supervised institutions to engage in crypto-related activities without prior approval, provided they manage associated risks effectively [6]

Group 1 - Bank of America (BAC) is a well-recognized US-based financial conglomerate facing challenges in its share price due to recent financial issues [1] - The investment group European Small Cap Ideas focuses on high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1] Group 2 - The analyst has a beneficial long position in BAC.PR.B shares, indicating confidence in the stock's potential [2] - There is a possibility of writing put options on BAC's common shares and adding to the BAC.PR.B position in the near future [2]

Company Overview - Bank of America (BAC) is the second-largest bank in the United States, based in Charlotte, and operates in the Finance sector [3] - The stock has experienced a price change of -18.43% this year [3] Dividend Information - Bank of America currently pays a dividend of $0.26 per share, resulting in a dividend yield of 2.9%, which is higher than the Financial - Investment Bank industry's yield of 1.28% and the S&P 500's yield of 1.7% [3] - The annualized dividend of $1.04 has increased by 4% from the previous year, with an average annual increase of 8.84% over the last five years [4] - The company's payout ratio is 32%, indicating that it pays out 32% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Bank of America's earnings per share for 2025 is $3.64, reflecting a year-over-year earnings growth rate of 10.98% [5] Investment Perspective - Bank of America is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is viewed as a solid dividend option, particularly in contrast to high-growth businesses or tech start-ups that typically do not offer dividends [7]

Bank of America (BAC) shares soared 6.1% in the last trading session to close at $37.15. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.6% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This nation's second-largest bank is expected to post quarterly earnings of $0.81 p ...

Core Viewpoint - Analysts forecast a quarterly earnings per share (EPS) of $0.81 for Bank of America, indicating a year-over-year decline of 2.4%, while revenues are expected to reach $26.74 billion, reflecting a 3.6% increase compared to the previous year [1]. Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 1.4%, indicating a collective reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Metrics Estimates - The 'Efficiency Ratio (FTE basis)' is projected to be 62.6%, down from 66.4% a year ago [5]. - 'Total earning assets - Average balance' is expected to reach $2,936.53 billion, up from $2,860.58 billion in the same quarter last year [5]. - 'Total nonperforming loans, leases and foreclosed properties' are anticipated to be $6.52 billion, compared to $6.03 billion in the same quarter last year [6]. - 'Total Non-Performing Loans' is expected to be $6.48 billion, up from $5.88 billion a year ago [6]. - The 'Tier 1 Capital Ratio' is forecasted at 13.2%, down from 13.6% last year [7]. - 'Net Interest Income - Fully taxable-equivalent basis' is projected to be $14.58 billion, compared to $14.19 billion a year ago [8]. - 'Investment banking fees' are estimated at $1.59 billion, slightly up from $1.57 billion in the same quarter last year [9]. - 'Total fees and commissions' are expected to reach $9.35 billion, compared to $8.66 billion a year ago [9]. Stock Performance - Over the past month, Bank of America's shares have declined by 6.9%, while the Zacks S&P 500 composite has decreased by 5.3% [10].

"When kids get involved in sports, they learn first-hand about achieving their goals and develop lifelong skills that help them thrive," said David Tyrie, President, Marketing, Digital & Specialized Consumer Client Solutions, Bank of America. "By working with Youth on Course to help make golf more accessible, we're helping grow the sport while also making a positive impact in our communities." Through Golf with Us, BofA will also bring unique instructional opportunities to youth in select markets throughout ...

Bank of America Corporation (NYSE: BAC ) is set to report its Q1 2025 earnings results on April 15 before the market opens. On January 16, the bank issued strong guidance both for FY 2025, andI’m passionate about finance and investing, focusing on business analysis, fundamental analysis, valuation, and long-term growth, especially in sectors like AI, fintech, finance and tech. I study finance and economy and have hands-on experience in equity research, financial modeling, and creating investment content. I ...

One of the biggest banks in the United States, Bank of America (BAC) , is scheduled to announce first-quarter 2025 results on April 15 before the opening bell.   Among BAC’s close peers, JPMorgan (JPM) is slated to report on April 11 and Citigroup (C) on April 15. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.  Bank of America’s fourth-quarter performance was solid, driven by impressive capital markets performance and growth in net interest income (NII). This time, the company’s p ...

CHARLOTTE, N.C.  , April 8, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:  Series of Preferred Stock Dividend per Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.30499 April 30 May 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,267.78300 Ma ...

Highlights Bank of America is investing $4 billion in AI and new tech initiatives in 2025, nearly a third of its total tech budget. More than 90% of BofA employees use the internal AI assistant, reducing IT support calls by more than half. AI tools are driving measurable gains across development, training, customer service and client engagement areas at BofA. Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives inclu ...