Bank of America Just Raised Its Dividend 14%. The Buyback Is the Bigger Story.

Bank of America raised its quarterly dividend by 14% to $0.32 per share, reflecting strong earnings and passing Federal Reserve stress tests. However, the more significant story is the company's robust $40 billion share buyback program, of which $13.2 billion was spent in the first half of 2026 alone, with approximately $17 billion remaining. Combined with positive fundamentals and economic conditions, the stock is positioned as a strong buy candidate.