Bank of America (BAC) Announces $25B Share Buyback Plan

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Go back to Bank of America (BAC) Announces $25B Share Buyback Plan

Bank of America Announces $25 Billion Common Stock Repurchase Plan

April 15, 2021 6:00 AM EDT

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America Corporation today announced that its Board of Directors has authorized the repurchase of up to $25 billion of common stock over time. This authorization reflects the companys commitment to return to shareholders excess capital that is not needed to support economic growth, deliver for customers and communities, invest in the future and sustain strength and stability through the cycle. The Board also authorized repurchases to offset shares awarded under equity-based compensation plans.

For the second quarter 2021, the companys repurchase plans will be consistent with Federal Reserve Systems... More