Oct 23, 4:41 PM ET
Bank of America filed documents on October 23, 2026 for a new series of preferred stock, Series WW, with a 7.200% fixed-rate reset non-cumulative dividend and a $25,000 liquidation preference per share. The filing says the bank sold 2,000,000 depositary shares, each representing a 1/25th interest in a Series WW preferred share. Under the terms, dividend payments on common and junior stock would face restrictions if the bank fails to pay full dividends on Series WW.
- Issued 80,000 shares of Series WW Preferred Stock on October 23, 2026
- Series WW carries a 7.200% fixed-rate reset non-cumulative dividend and a $25,000 liquidation preference per share
- Sold 2,000,000 depositary shares, each a 1/25th interest in a Series WW share, under an October 20, 2026 underwriting agreement
- If full Series WW dividends are not paid, common stock dividends and buybacks face restrictions
Read the filing on SEC.gov ↗
Oct 21, 5:07 PM ET
Bank of America's board increased its size from 12 to 14 directors and appointed James Fitterling, former CEO of Dow Inc., and William Thomas, former global chairman and CEO of KPMG International, effective October 21, 2026. The filing describes routine board refreshment, with the new directors compensated under the existing non-employee director program.
- Board expanded from 12 to 14 directors; Fitterling and Thomas appointed effective October 21, 2026
- Fitterling joins the Enterprise Risk Committee and Compensation and Human Capital Committee; Thomas joins the Audit Committee and Corporate Governance Committee
- Both will receive restricted stock and cash awards on October 21, 2026, prorated to the next annual shareholders' meeting
Read the filing on SEC.gov ↗
Oct 14, 6:44 AM ET
Bank of America reported third-quarter 2026 net income of $6.9 billion, or $0.91 per diluted share, down from $8.3 billion, or $1.04, a year earlier. The results include a $1.2 billion regulatory settlement charge, or $0.17 per share, tied to consent orders over its Bank Secrecy Act and anti-money laundering compliance programs, which shareholders should weigh against the underlying revenue growth of 3%.
- Q3 2026 net income $6.9 billion, EPS $0.91, versus $8.3 billion and $1.04 in Q3 2025
- Excluding the $1.2 billion regulatory settlement charge, adjusted EPS was $1.08 and adjusted net income was $8.1 billion
- Revenue rose 3% to $30.0 billion; net interest income rose 8% to $16.4 billion
- Returned $8.3 billion to shareholders: $2.2 billion in dividends and $6.0 billion in buybacks
Read the filing on SEC.gov ↗
Jul 24, 7:07 AM ET
Bank of America's Board declared a regular quarterly common stock dividend of $0.32 per share, up $0.04 or 14% from the prior quarter. The dividend is payable September 25, 2026 to shareholders of record as of September 4, 2026, and the company said it continues to repurchase stock under a $40 billion authorization.
- Quarterly dividend of $0.32 per share, up $0.04 from the prior quarter, an increase of 14%
- Dividend payable September 25, 2026 to shareholders of record as of September 4, 2026
- In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends
- As of June 30, 2026, about $17 billion remained under the current repurchase program
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
