secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0000070858-21-000101
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America renews $25B buyback, declares $0.21 dividend; Borthwick appointed CFO
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- Board renewed $25B common stock repurchase program; $14B repurchased under prior program through Q3 2021.
- CET1 ratio as of Sept 30, 2021 was 11.1%, above 9.5% regulatory requirement.
- Regular quarterly dividend of $0.21 per common share declared, payable Dec 31, 2021 to holders of record Dec 3, 2021.
- Regular quarterly dividend of $1.75 per share on 7% Cumulative Redeemable Preferred Stock, Series B declared, payable Jan 25, 2022.
- Alastair Borthwick appointed CFO effective Nov 1, 2021, succeeding Paul Donofrio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085821000101/0000070858-21-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085821000101/bac-20211020.htm
  HTML page:      https://secwatch.observer/filing/0000070858-21-000101

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