Bank Of America credit card charge-off rate was 2.33% in May

0 min read Updated on 15 Jun 2026, 09:05 PM

Reviewed by

Jubin VScanX News Team

AI Summary

Bank Of America reported a credit card charge-off rate of 2.33% in May, according to a regulatory filing. The delinquency rate for credit cards stood at 1.30% at the end of May.

*this image is generated using AI for illustrative purposes only.

Bank Of America reported a credit card charge-off rate of 2.33% in May, according to a regulatory filing. The delinquency rate for credit cards stood at 1.30% at the end of May.

Key Metrics

The following table outlines the credit card performance metrics disclosed in the filing:

Metric	Rate
Charge-off Rate (May)	2.33%
Delinquency Rate (May End)	1.30%

The data was submitted to the Securities and Exchange Commission (SEC).

How might the charge-off rate trend impact Bank of America's future lending policies?

What factors could contribute to a potential rise or decline in delinquency rates in the coming months?

How do these metrics compare to industry averages, and what could that signal for the broader economy?

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Bank of America declares preferred dividends for July and August

1 min read Updated on 12 Jun 2026, 02:00 AM

Reviewed by

Suketu GScanX News Team

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AI Summary

Bank of America Corporation authorized regular cash dividends on eight series of preferred stock, with payments ranging from $0.2578125 to $18.1250000 per share. Record dates are set for July 1 and July 15, with payments occurring between July 24 and August 3. All series except Series L are represented by depositary shares.

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Bank of America Corporation has authorized regular cash dividends on outstanding shares or depositary shares of multiple preferred stock series, with payments scheduled for July and August 2026. The Board of Directors approved the dividends, which range from $0.2578125 to $18.1250000 per share, providing returns to holders of various fixed-rate and non-cumulative preferred instruments.

Dividend Details

The declared dividends cover eight series of preferred stock, with record dates set for July 1 and July 15. Payment dates vary between July 24 and August 3, depending on the series. The following table outlines the dividend amounts, record dates, and payment dates for each series.

Series of Preferred Stock	Dividend per Share or Depositary Share	Record Date	Payment Date
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L	$18.1250000	July 1	July 30
5.875% Non-Cumulative Preferred Stock, Series HH	$0.3671875	July 1	July 24
4.375% Non-Cumulative Preferred Stock, Series NN	$0.2734375	July 15	August 3
6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO	$16.5625000	July 15	August 3
4.125% Non-Cumulative Preferred Stock, Series PP	$0.2578125	July 15	August 3
4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR	$10.9375000	July 1	July 27
6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT	$15.3125000	July 1	July 27
6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU	$15.6250000	July 1	July 27

Share Representation

Each series of preferred stock, other than Series L, is represented by depositary shares. This structure allows for greater liquidity and accessibility for investors in the capital markets. The dividends reflect the fixed-rate or reset-rate nature of the respective instruments, providing predictable income streams for preferred shareholders.

How might these dividend declarations influence investor demand for Bank of America's preferred stock amid changing interest rate environments?

What impact will these payouts have on Bank of America's capital adequacy ratios and overall liquidity position?

Could the current dividend levels on these preferred series be adjusted in future quarters based on the bank's earnings performance?