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Bank of America Comments on Stress Test Results; Plans 17 Percent Dividend Increase

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CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America today commented on the results of the Federal Reserve’s 2021 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend by 17 percent. Based on the 2021 CCAR results, Bank of America will be subject to a preliminary 2.5 percent stress capital buffer (SCB), unchanged from the current level. This SCB will be effective from October 1, 2021 to September 30, 2022 and, when combined with the Ba

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