secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0000070858-24-000178
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BofA plans 8% dividend hike to $0.26/sh in Q3 2024; CCAR sets SCB at 3.2%
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- Quarterly common dividend to rise to $0.26/share from $0.24, subject to board approval.
- 2024 CCAR results: stress capital buffer set at 3.2%, CET1 minimum requirement at 10.7%.
- New SCB effective October 1, 2024 through September 30, 2025.
- At March 31, 2024, CET1 capital was $197B (ratio 11.9%), exceeding current minimum of 10.0%.
- Dividend increase reflects strong capital position after Federal Reserve stress test.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000178/0000070858-24-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000178/bac-20240628.htm
  HTML page:      https://secwatch.observer/filing/0000070858-24-000178

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