It was a single-digit-percentage move lower but still worth noting here for Bank of America, Rachelle. We've got this chart to see how that moved lower. ![]() ![]() Of course, I mean, as we're reporting taxes, some of those digital payments are going to be new for the reporting of your taxes this year, and so we'll be watching that.Īnd then just lastly here, I'll shout out the total deposits here, and this was going to be interesting with relation to, of course, the banking turmoil that we've seen. So it would be interesting to see how much of that gets reported. 19.6 million active Zelle users sending and receiving 275 million transfers worth about $84 billion here. Zelle, of course, a common household term now. That was up by about 4%.Īnd so all of that considered, also think about the relationship with Zelle here. And then 1.8 million, thereabouts, digital sales. Record 45 million active digital banking users. They had a record 73% of all overall households actively using their digital platforms. Well, for Bank of America, digital usage, that continued to grow for them. We were just talking about this relationship between tech and the investments that big banks have made. So I kind of correlated it with that from the New York Fed.Īlso was taking a look at another key takeaway here, the return on tech investments. So once we get that Q3 update- that's set to come perhaps in the coming weeks. And particularly going to be interesting to see in further reports from the New York Fed as well where delinquency rates have increased because they've already increased for nearly all debt types, and that was as of the end of Q4 2022. This was up 6%.Īnd one read on this could be into how much consumers need to rely on credit spending in the face of or instead of relying on some of their cash spending. They continue to give us some updates there. This is something that we've heard about from the household debt and credit developments from the New York Fed. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.įor more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email news alerts.First and foremost, the elevated credit- and debit-card spending. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. ![]() Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series X, Series AA, Series DD, and Series FF for which dividends are paid on a semi-annual basis.īank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Floating Rate Non-Cumulative Preferred Stock, Series Eįloating Rate Non-Cumulative Preferred Stock, Series FĪdjustable Rate Non-Cumulative Preferred Stock, Series Gįixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Xįloating Rate Non-Cumulative Preferred Stock, Series 1įloating Rate Non-Cumulative Preferred Stock, Series 2įloating Rate Non-Cumulative Preferred Stock, Series 4įloating Rate Non-Cumulative Preferred Stock, Series 5įixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AAįixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DDįixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FFĦ.000% Non-Cumulative Preferred Stock, Series GGĥ.375% Non-Cumulative Preferred Stock, Series KKĥ.000% Non-Cumulative Preferred Stock, Series LLĤ.250% Non-Cumulative Preferred Stock, Series QQĤ.750% Non-Cumulative Preferred Stock, Series SSġ Each series of preferred stock, other than Series F and Series G, is represented by depositary shares.
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