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 ...

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

Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer reflected on. While discussing the firm’s earnings ...

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