When was Bank of America's $40 billion buyback authorization approved?

The Board of Directors authorized the $40 billion program on August 1, 2025, according to the filing. In the first half of 2026, the company had repurchased $13.2 billion, leaving approximately $17 billion remaining as of June 30, 2026.

How much of the authorization has Bank of America used?

As of June 30, 2026, the company had executed $13.2 billion of repurchases from the $40 billion authorization, representing roughly 33% of the available amount. This leaves approximately $17 billion in remaining authorization capacity.

What mechanisms does Bank of America use for its repurchases?

The company may execute repurchases through open market purchases or privately negotiated transactions, including repurchase plans complying with Rule 10b5-1 of the Securities Exchange Act of 1934. The filing does not specify which method was used for the $13.2 billion executed in H1 2026.

Are there conditions or restrictions on Bank of America's buyback activity?

Yes. The filing states that timing and amount are subject to capital position, liquidity, financial performance, stock price, regulatory requirements, and general market conditions. Repurchases may be suspended or discontinued at any time, a standard provision for systemically important financial institutions like Bank of America.

How does this buyback relate to Bank of America's dividend increase?

Bank of America announced a 14% increase in its quarterly dividend to $0.32 per share on the same day as this buyback disclosure. Together with the $13.2 billion in buybacks and $4 billion in dividends paid in H1 2026, these actions reflect management's capital return strategy.

BML-PJ 8-K Filed 2026-07-24 Execution disclosure

Bank of America reports $13.2B in buybacks in H1 2026

Company executed half of $40B authorization approved in August 2025; $17B remains available.

Remaining$17.0B

MechanismOpen market purchases or priva

What the filing says

Bank of America reported on July 24, 2026 that it repurchased $13.2 billion of common stock in the first half of 2026 under a $40 billion authorization from the Board of Directors that became effective on August 1, 2025. As of June 30, 2026, approximately $17 billion remained available under the current share repurchase program.

The company stated that repurchases may be effected through open market purchases or privately negotiated transactions, including repurchase plans satisfying the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934. The timing and amount of repurchases are subject to various factors, including the company's capital position, liquidity, financial performance, alternative uses of capital, stock trading price, regulatory requirements, and general market conditions, and may be suspended or discontinued at any time.

The buyback disclosure was included in a news release announcing a 14% increase in the company's common stock dividend to $0.32 per share, reflecting what management described as confidence in the company's earnings strength and ability to drive long-term value creation while maintaining regulatory capital levels.

The company also continues to repurchase common stock under a $40 billion authorization from the Board of Directors, which has been in effect since August 1, 2025. In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends. As of June 30, 2026, the current share repurchase program had approximately $17 billion in common stock repurchases remaining. — BANK OF AMERICA CORP /DE/ 8-K filing · View on SEC EDGAR →

What this means

Bank of America has deployed $13.2 billion, or roughly one-third of its $40 billion authorization, during the first six months of 2026. With $17 billion remaining, the company signals continued commitment to capital return to shareholders. Repurchase activity is subject to regulatory capital constraints and market conditions. The scale of execution demonstrates Bank of America's capital management approach as a systemically important financial institution, where buyback timing and amount depend on maintaining regulatory capital buffers and economic conditions—not on a fixed schedule.

Frequently asked questions

When was Bank of America's $40 billion buyback authorization approved?: The Board of Directors authorized the $40 billion program on August 1, 2025, according to the filing. In the first half of 2026, the company had repurchased $13.2 billion, leaving approximately $17 billion remaining as of June 30, 2026.
How much of the authorization has Bank of America used?: As of June 30, 2026, the company had executed $13.2 billion of repurchases from the $40 billion authorization, representing roughly 33% of the available amount. This leaves approximately $17 billion in remaining authorization capacity.
What mechanisms does Bank of America use for its repurchases?: The company may execute repurchases through open market purchases or privately negotiated transactions, including repurchase plans complying with Rule 10b5-1 of the Securities Exchange Act of 1934. The filing does not specify which method was used for the $13.2 billion executed in H1 2026.
Are there conditions or restrictions on Bank of America's buyback activity?: Yes. The filing states that timing and amount are subject to capital position, liquidity, financial performance, stock price, regulatory requirements, and general market conditions. Repurchases may be suspended or discontinued at any time, a standard provision for systemically important financial institutions like Bank of America.
How does this buyback relate to Bank of America's dividend increase?: Bank of America announced a 14% increase in its quarterly dividend to $0.32 per share on the same day as this buyback disclosure. Together with the $13.2 billion in buybacks and $4 billion in dividends paid in H1 2026, these actions reflect management's capital return strategy.

execution mega-cap financial-services rule-10b5-1 capital-return banking

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.