BAC Stock Recent News

Bank of America on Friday elevated BofA veterans Jim DeMare and Dean Athanasia to co-presidents. They will work with CEO Brian Moynihan to oversee the company's various business lines.

Bank of America named Dean Athanasia and Jim DeMare co-presidents, reporting to CEO Brian Moynihan directly, according to a statement. Sridhar Natarajan reports on "Bloomberg The Close.

Bank of America is planning a shake-up of its senior leadership ranks in a move that narrows the slate of leaders who could one day succeed long-time CEO Brian Moynihan. The discussion involves expanding the role of Jim DeMare, who runs the firm's trading business, along with promotions for other senior leaders, according to people with knowledge of the matter.

Bank of America appointed Dean Athanasia and Jim DeMare as co-presidents, the U.S. lender said on Friday, as CEO Brian Moynihan reinforced his commitment to lead the second-largest bank in the country through the end of the decade.

CHARLOTTE, N.C. , Sept. 12, 2025 /PRNewswire/ -- Bank of America today announced senior leadership appointments to further build and deliver its capabilities around the globe for clients, shareholders, and local communities.

Second-quarter results are all but in as the third quarter is coming to an end. But three of Warren Buffett's favorite dividend stocks posted incredible results for Q2. With interest rate cuts all but guaranteed, top Buffett dividend stocks should get a strong tailwind.

Bank of America BAC remains one of the most rate-sensitive U.S. banks. With the September Fed rate cut a done deal on the back of a softening labor market and other data indicating slowing economic growth, the company's net interest income (NII) is likely to record a slower pace of growth over the next year.

Bank of America demonstrates resilience and stability, with solid Q2 2025 results, a strong balance sheet, and an expanding customer base across key business segments. Valuation remains at a premium versus peers, justified partly by above-average EPS growth, but return metrics lag top global competitors. Dividend growth is a highlight: 11 years of increases, low payout ratio, and consistent annual hikes, supporting a long-term, defensive profile.

Bank of America's 'L' preferred shares pay a fixed payout of $72.50 per year, providing a 5.73% yield at today's price. This gives the preferred shares considerably more income potential than the common shares ('equity'). The Federal Reserve is widely expected to cut interest rates at its next meeting. If it happens, this move will likely cause BAC.PR.L to increase in price.

In the most recent trading session, Bank of America (BAC) closed at $50.29, indicating a +1.68% shift from the previous trading day.