On June 28, 2024, Bank of America Corporation announced its intention to raise the quarterly common stock dividend from $0.24 to $0.26 per share starting in the third quarter of 2024, pending approval by the Board of Directors. This announcement coincided with the release of the Federal Reserve Board's 2024 Comprehensive Capital Analysis and Review (CCAR) results, which indicated that Bank of America's stress capital buffer (SCB) will be set at 3.2% and the Common Equity Tier 1 (CET1) minimum requirement will be 10.7% for the period from October 1, 2024, to September 30, 2025. As of March 31, 2024, the bank reported having $197 billion in regulatory CET1 capital, with a CET1 ratio of 11.9%, surpassing the current regulatory minimum of 10.0%. The press release detailing these developments is attached as Exhibit 99.1 to the report filed with the Securities and Exchange Commission.

On June 28, 2024, Bank of America Corporation announced its intention to raise the quarterly common stock dividend from $0.24 to $0.26 per share starting in the third quarter of 2024, pending approval by the Board of Directors. This announcement coincided with the release of the Federal Reserve Board's 2024 Comprehensive Capital Analysis and Review (CCAR) results, which indicated that Bank of America's stress capital buffer (SCB) will be set at 3.2% and the Common Equity Tier 1 (CET1) minimum requirement will be 10.7% for the period from October 1, 2024, to September 30, 2025. As of March 31, 2024, the bank reported having $197 billion in regulatory CET1 capital, with a CET1 ratio of 11.9%, surpassing the current regulatory minimum of 10.0%. The press release detailing these developments is attached as Exhibit 99.1 to the report filed with the Securities and Exchange Commission.