By: Benzinga
UPDATE: Bank of America Plans to Repurchase up to $5B in Common Shares and Redeem Approximately $5.5B in Preferred Stock
Bank of America (NYSE: BAC ) today announced that the company's Board of Directors authorized the repurchase of up to $5.0 billion of common stock and the redemption of approximately $5.5 billion in preferred stock. The Federal Reserve Board has informed the company that it completed its 2013 Comprehensive
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