Bank of America (BAC) said that it expects to increase the quarterly common stock dividend by 17 percent to $0.21 per share, beginning in the third quarter of 2021. The bank announced a plan in April to repurchase up to $25 billion of common stock over time.
Based on the results of the Federal Reserve's 2021 Comprehensive Capital Analysis and Review (CCAR), Bank of America will be subject to a preliminary 2.5 percent stress capital buffer (SCB), unchanged from the current level.
The SCB will be effective from October 1, 2021 to September 30, 2022 and, when combined with the Basel 3 common equity tier 1 (CET1) minimum of 4.5 percent, and the Global Systemically Important Bank Surcharge of 2.5 percent, will equate to a minimum CET1 ratio under applicable regulatory standards of 9.5 percent, which is unchanged from its current level.
At March 31, 2021 Bank of America's CET1 ratio was 11.8 percent, which equated to about $35 billion in excess CET1 capital.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.