BANK OF AMERICA CORP /DE/ (BAC) Company Report

Bank of America will redeem on March 11, 2026 all $2.8 billion principal amount of its 1.658% Fixed/Floating Rate Senior Notes due March 2027, at 100% of principal plus accrued interest to, but excluding, the redemption date.
Interest on the Notes will cease to accrue on the redemption date.
Redemption payments will be made via The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. as trustee and paying agent.

4 days ago

Press Release

Bank of America redeems €1.75 bn floating rate notes due 2027

BAC

Delisting/Listing Issues

Bank of America will redeem on March 10, 2026 all €1,750,000,000 of its Floating Rate Senior Notes due March 10, 2027.
Redemption price is €1,000 per €1,000 calculation amount plus accrued and unpaid interest, with interest ceasing on the redemption date.
Payment will be made via Euroclear Bank and Clearstream Banking; Citibank N.A., London Branch serves as Principal Agent and Citibank Europe plc as Registrar.
The company will request the FCA and London Stock Exchange to cancel the listing and trading admission of the notes after redemption.

5 days ago

Press Release

Bank of America launches fee-free BofA Rewards program

BAC

Product Launch

Effective May 27, BofA’s no-minimum, fee-free BofA Rewards replaces the Preferred Rewards program, is open to all personal checking holders with no balance requirement, and automatically converts existing members.
The new program features four tiers (top tier at $1 million) and offers expanded perks including boosted credit-card rewards, cash-back offers, monthly statement credits, loan discounts, enhanced fraud and ID monitoring, plus lifestyle benefits.
Bank projects annual member benefits of $150–$4,000 and enrollment growth from about 11 million to 30 million users.
Berkshire Hathaway trimmed its BAC stake by 9%, reducing holdings to roughly 517 million shares, as Bank of America holds $3.4 trillion in assets and a $384 billion market cap.

Feb 18, 2026, 4:30 PM

Bloomberg

Bank of America raises CEO compensation to $41M

BAC

Executive Compensation

Board approved a 17% increase in CEO Brian Moynihan’s pay to $41 million, including $39.5 million in equity incentives for 2025.
Strong 2025 results: net income +13% to $30.5 billion, revenue +7% to $113.1 billion, and diluted EPS +19% to $3.81; stock rose ~25%.
Operational improvements: efficiency ratio improved 147 bps to 62% and operating leverage up 250 bps, with $201 billion in CET1 capital.
Balance sheet growth: loans +8%, deposits +3%, and $975 billion in average global liquidity sources.

Feb 13, 2026, 10:05 PM

Bloomberg

Bank of America Community Development Banking delivers $7.4 B financing, supports 11,000+ affordable housing units in 2025

BAC

New Projects/Investments

Provided $7.4 billion in debt and equity financing across 87 developments in 68 cities, creating over 11,000 affordable housing units in 2025.
Since 2020, has deployed $42 billion to finance more than 74,000 housing units in 335 cities across 40 states.
Financed 39 developments with a health care component—totaling 3,700 units—and hosted a “Meeting at the Intersection of Health and Housing” thought leadership event in Boston.
Banc of America Community Development Company completed $357 million in direct and fund equity investments for workforce and middle-income housing, generating over 3,400 units.

Feb 12, 2026, 2:00 PM

Press Release

Bank of America outlines 2026 growth targets and capital strategy at annual conference

BAC

Guidance Update

Share Buyback

Bank of America sees nearly 3% GDP growth for 2026, with consumer spending up 5% year-over-year in January and broad-based cohort increases, reflecting a resilient K-shaped economy.
Targets 16 – 18% return on tangible common equity within eight to twelve quarters, driven by 5 – 7% net interest income growth, 200 – 300 basis points of operating leverage and 2 – 3% loan and deposit growth.
Maintains flat headcount at ~213,000 while investing $2 billion annually in technology and expanding branches, achieving expense growth below inflation for six consecutive years.
Deploys AI via the Erica small-language model across mobile, operations and CashPro—handling 150 – 200 million quarterly interactions (700 intents), equivalent to 11,000 FTE efficiency gains.
Returns all incremental capital to shareholders through dividends and share repurchases, allowing CET1 ratios to drift toward targets pending regulatory clarity.

Feb 10, 2026, 1:00 PM

Transcript

Bank of America outlines ROTCE targets and expense strategy

BAC

Guidance Update

Share Buyback

Expects 2.8% GDP growth in 2026, with corporate clients upbeat on U.S. tax, deregulation, and trade policy normalization.
Targets 16–18% return on tangible common equity within 8–12 quarters, backed by 5–7% net interest income growth and mid-single-digit loan expansion.
Plans 200–300 bps of operating leverage by keeping headcount flat at ~213,000, growing expenses below inflation, and investing $2 billion annually in technology.
Reports strong business momentum: $950 billion in consumer deposits, ~1 million net new checking accounts annually, >4% wealth net new asset growth, and 15 consecutive quarters of payments platform revenue gains.
Continues to return incremental earnings via dividends and buybacks, driving the CET1 ratio down to ~11.3% as capital is redeployed.

Feb 10, 2026, 1:00 PM

Transcript

Bank of America outlines ROE targets and strategic priorities at FS Conference 2026

BAC

Guidance Update

Share Buyback

Bank reiterated 16–18% return on tangible common equity targets, expecting to reach 16% after eight quarters and 18% after twelve quarters, driven by 5–7% net interest income growth and 200–300 bps operating leverage.
Maintained flat headcount (~213,000 employees since 2015) while investing ~$2 billion annually in technology, achieving expense growth below inflation through rigorous cost management.
Highlighted advanced AI deployment (Erica) across banking operations, serving 20 million users and 150–200 million interactions per quarter, equivalent to ~11,000 FTE productivity gains.
Business segment performance: consumer deposits rose from $350–400 billion to $950 billion since 2010, recorded 15 consecutive quarters of payments revenue growth, wealth management net new asset growth at 4%+, and a $200 billion increase in markets balance sheet exposure.
Capital allocation strategy focuses on returning all incremental earnings via dividends and share repurchases, keeping CET1/TCE ratios largely flat (drifting from ~12% to ~11.3%) ahead of upcoming regulatory recalibrations.

Feb 10, 2026, 1:00 PM

Transcript

Société Générale posts record 2025 results, €2.7bn distribution

BAC

Earnings

Dividends

Share Buyback

Record 2025 results: group revenues of €27.3 bn and net income near €6.0 bn, lifting return on tangible equity to 10.2%
Strong Q4 momentum: net income of €1.4 bn (+36% yoy), revenues up 6.8% yoy excluding disposals, and cost-to-income ratio improved to 64.6% from 69.4%
Cost-efficiency and growth: 2025 revenues excluding disposals rose 7%, more than double the prior 3% target, driven by a like-for-like 2% reduction in operating costs
Shareholder distribution: proposed €2.7 bn ordinary payout (including €1.61 DPS and €1 bn buyback, a 54% increase vs. 2024) with an administrative pause on extraordinary buybacks

Feb 6, 2026, 10:25 AM

WSJ

Bank of America redeems Series DD preferred stock

BAC

Dividends

Bank of America will redeem all outstanding Series DD Preferred Stock and related depositary shares on March 10, 2026, at $1,000 per depositary share.
A $31.50 dividend per depositary share for the period from September 10, 2025 to March 10, 2026 will be paid on March 10, 2026 to holders of record on February 15, 2026; dividends will cease to accrue on the redemption date.
Redemption will be processed through the Depository Trust Company, with Computershare Inc. and Computershare Trust Company, N.A. serving as redemption agents.

Feb 5, 2026, 9:15 PM

Press Release