Bank of America boosts stock buyback plan by $2.5 billion
Bank of America Corp. 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. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.