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Bank of America ( (BAC) ) has provided an update.
On July 23, 2025, Bank of America announced that its Board of Directors authorized a new $40 billion common stock repurchase program, effective August 1, 2025, replacing the previous program set to expire on the same date. This move reflects the company’s commitment to returning excess capital to shareholders while maintaining regulatory capital levels. Additionally, the Board declared an increase in the regular quarterly cash dividend on common stock to $0.28 per share, payable on September 26, 2025, and maintained the dividend on its 7% Cumulative Redeemable Preferred Stock, Series B at $1.75 per share, payable on October 24, 2025.
The most recent analyst rating on (BAC) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Bank of America stock, see the BAC Stock Forecast page.
Spark’s Take on BAC Stock
According to Spark, TipRanks’ AI Analyst, BAC is a Outperform.
Bank of America holds a strong position driven by solid financial performance and positive earnings call outcomes, highlighting growth and innovation. However, leverage and cash flow volatility, alongside technical analysis insights, indicate areas for caution.
To see Spark’s full report on BAC stock, click here.
More about Bank of America
Bank of America is a leading global financial institution that provides a wide range of banking, investing, asset management, and other financial and risk management products and services. It serves approximately 69 million consumer and small business clients in the United States through 3,700 retail financial centers and 15,000 ATMs, and has a strong digital presence with 59 million verified digital users. The company is a global leader in wealth management, corporate and investment banking, and trading across various asset classes, serving clients in more than 35 countries.
Average Trading Volume: 40,562,822
Technical Sentiment Signal: Buy
Current Market Cap: $359.8B
Find detailed analytics on BAC stock on TipRanks’ Stock Analysis page.