Bank of America Stock News

Shares of Bank of America (NYSE: BAC) slid -5.30% over the past month, bringing their year-to-date loss to -4.18%.

FORT LAUDERDALE, Fla. , March 20, 2025 /PRNewswire/ -- Bank of America has named Jason Edelmann president of Bank of America Fort Lauderdale.

February investments fell below $1,000, mainly in BDCs like Owl Rock Capital and Ares Capital, boosting annual dividend income by $77. Dividend income hit a new February record of $505, up 5% Y/Y driven by organic dividend growth. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.

Bank of America (BAC 1.41%) has become one of the world's largest financial services companies. While it survived and came out of the Great Recession as a bigger firm, it wasn't smooth sailing.

Threats of tariffs and reductions to government spending have the American markets in a shaky position as the S&P 500 pushes into correction territory. Among stocks seeing the hardest hits were financial picks, with companies like Morgan Stanley NYSE: MS and SoFi Technologies NASDAQ: SOFI seeing shares fall up to 12% on Monday alone.

Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. From a numbers standpoint, that means gross domestic product growth this year of closer to 2% from recent trends closer to 3%, according to the CEO.

After a bruising stock market correction, there are now a handful of prime opportunities.

Dividend investing comes in many flavors, but the general goal of the strategy is to own shares of high-quality companies that will grow over time, providing a combination of share price appreciation and a growing dividend income. Dividends are almost always a cash expense for companies, so it's a badge of merit when a company can regularly increase its payouts.