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*BANK OF AMERICA AUTHORIZES $40 BILLION STOCK BUYBACK PROGRAM $BAC https://t.co/qP1ycHFxJ5
Bank of America $BAC raises dividend 8% and approves $40 billion buyback plan https://t.co/DbHFsKoNVI https://t.co/uJFE5Sd2p9
BANK OF AMERICA HAS AUTHORIZED A $40 BILLION SHARE REPURCHASE PROGRAM AND INCREASED ITS QUARTERLY DIVIDEND BY 8%, TO $0.28 PER SHARE.
Bank of America Corp. said its board has authorized a share-repurchase program of up to $40 billion, expanding the bank’s capacity to return capital to shareholders. Separately, the second-largest U.S. lender by assets will lift its quarterly common-stock dividend by 8%, to $0.28 a share, reflecting confidence in its earnings and capital position.
