UPDATE: Citi Downgrades Bank of America (BAC) to Neutral

Bank of America Issues Its Third Equality Progress Sustainability Bond for $2 Billion

Use of Proceeds Designed to Advance Racial and Gender Equality, Economic Opportunity and Environmental SustainabilityThis is Bank of America's Tenth ESG-themed Bond, Raising Nearly $14 Billion in Aggregate, Demonstrating Continued Commitment to Advancing the United Nations Sustainable Development Goals (UN SDGs)

CHARLOTTE, N.C., Nov. 10, 2022 /PRNewswire/ -- Bank of America announced today the issuance of its third Equality Progress Sustainability Bond (EPSB) for $2 billion. The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability.

Bank of America Corporation Announces Cash Tender Offers by BofA Securities, Inc. for up to $1.5 Billion in Aggregate Liquidation Preference of Certain Outstanding Depositary Shares of Bank of America

CHARLOTTE, N.C., Nov. 10, 2022 /PRNewswire/ -- Bank of America Corporation ("Bank of America") (NYSE: BAC) announced the commencement today of fourteen concurrent, but separate, offers (collectively, the "Offers," and each offer to purchase a series of Depositary Shares, an "Offer") by BofA Securities, Inc. ("BofA Securities"), a wholly owned indirect subsidiary of Bank of America, to purchase for cash up to $1.5 billion in aggregate Liquidation Preference (as defined below) (such amount, the "Maximum Aggregate Purchase Amount") of outstanding depositary shares,... More

BofA Data Finds Overall Consumer Spending Continued to Grow in October though at a Slower Pace than Prior Months

Discretionary Spending per Household grew 2.9% YoY in October; Services Spending Continued to Outperform Spending on Goods

NEW YORK, Nov. 10, 2022 /PRNewswire/ -- Bank of America Institute released a new publication today which shows that discretionary consumer spending per household continued to increase in October, up 2.9%... More