Bank of America's board authorized regular cash dividends on multiple series of preferred stock. Payment dates range from Nov 16 to Dec 28, 2026.
neutral 50 · impact 10
Bank of America shares fell 8.3% in a single session.
A net 5% of investors expect lower global inflation in 12 months, the lowest since January 2025. The shift reflects expectations that Brent crude will ease to $94/bbl by year-end from $104 currently.
bullish 65 · impact 30
Bank of America strategists raise French stocks to overweight from market weight, citing limited further widening in the OAT risk premium and extreme recent underperformance. They also see European equities broadly keeping pace with global peers but flag vulnerability to a shift in the AI narrative.
neutral 50 · impact 30
TD Cowen resumed coverage of Bank of America.
neutral 50 · impact 30TD Cowen issued a new price target of $60.00 for Bank of America shares.
neutral 50 · impact 30Bank of America Launches Fraud-Awareness Initiative for Small Business Owners.
bullish 60 · impact 10
Bank of America's Merrill unit has agreed to pay $39 million to settle a class-action lawsuit alleging it underpaid interest on retirement sweep accounts. The proposed settlement, filed Sept. 30, covers customers from Dec. 2016 to Mar. 2020 and requires court approval. The case predates similar lawsuits against LPL Financial and Charles Schwab.
bearish 40 · impact 70
