Bank of America Corp. (BAC) said Thursday it raised its stock buyback program by $2.5 billion to $22.5 billion, which is set to expire June 30. The increase in the repurchase amount was made to offset an increase in regulatory capital from the sale of certain assets in 2018 and has been approved by the Federal Reserve Board. Bank of America shares edged up 0.1% after hours.
-Sue Chang; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 07, 2019 17:51 ET (22:51 GMT)
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