Bank of America has appointed Jim Fitterling, former CEO of Dow Inc., and Bill Thomas, former Global Chairman and CEO of KPMG International, as new directors on its Board. Their extensive leadership experience in global companies and financial expertise is expected to enhance the bank's long-term strategic oversight. This move reflects Bank of America's commitment to strong governance and succession planning. Both bring complementary skills in industry transformation, financial reporting, and global operations, supporting the bank's growth and innovation goals.
Bank of America shares are trading at USD 50.86 on Pluang, up 0.43% as of Oct 22, 2026 03:51 WIB. The stock shows a dividend yield of 2.53% and a market cap of $354.11 billion, reflecting steady investor interest around the time of the new board appointments.
Bank of America announced its Board of Directors declared a quarterly cash dividend of $0.32 per common share payable on December 24, 2026, to shareholders of record as of December 4, 2026. Additionally, a dividend of $1.75 per share was declared for...
A federal overhaul of the 340B drug-discount program, effective January 2027, will shift discounts from upfront price cuts to later rebates, creating a financing gap for hospitals. This change may increase borrowing demand from hospitals, especially ...
Bank of America forecasts the Federal Reserve will raise interest rates at its October 28 meeting, contrasting with market expectations that give the hike only a 20% chance. The bank cites rising inflation, particularly core PCE inflation, as justifi...
A class action lawsuit has been filed against Bank of America for alleged violations of federal securities laws between August 2025 and October 2026. The suit claims the bank failed to properly monitor transactions and comply with anti-money launderi...
Bank of America's stock fell to its lowest since May after missing earnings expectations and facing a regulatory penalty. The stock broke below a significant trend line from April 2025, fitting an Elliott Wave ending diagonal pattern that suggests mo...
