The new buyback program, which will take effect on August 1, will replace the current authorization, which had about $9.1 ...

Bank of America is throwing serious cash at its stock. The firm just launched a $40 billion buyback program, lighting a fuse under its shares, which jumped 1% in late New York trading on Wednesday.

Bank of America's board has authorized a $40 billion common stock repurchase program. The bank said Wednesday the buyback is effective Aug. 1, and will replace its current program that expires that ...

Bank of America is the second largest U.S. bank and the fifth largest financial company by market capitalization.

But Bank of America tried this in 2011 with the introduction of a $5-per-month debit card fee, and was forced to abandon the attempt months later after uproar among its customers and consumer ...

Thong Nguyen is the president of retail banking; co-head of consumer banking; and market president for San Francisco and the East Bay for Bank of America. He told the Business Times what's next ...

This year, Bank of America was recognized as one of the “100 Best Companies to Work For” by Fortune magazine and the global research and consulting firm, Great Place to Work ®.

Key Background . This is not the first time Bank of America has been investigated for illegal practices. Last May, Bank of America had to pay $10 million in a civil penalty, ...

Bank of America, the second largest bank in the U.S., has 213,000 employees with more than 19,000 workers in the Charlotte region. This story was originally published March 13, 2025 at 2:18 PM.