Aug. 2 at 4:26 PM
$BAC Bank of America's (BAC) Board of Directors authorized a new
$40 billion common stock repurchase program, effective August 1, 2025. ..and raised the dividend. The share repurchase program would buy back 12 percent of shares outstanding if executive at
$50 dollars per share. It buys back much more if executed at lower prices. This is Bank of America...and Merrill Lynch...So when there is high volume of trades Merrill Lynch is going to make a killing. Price falls could provide a new investors an exceptional opportunity to buy this stock. I am a long holder of BAC. There is sufficient capital to weather the current events. Stock price might take a hit but those are going to be mostly external to BAC. Long BAC since 2012.
