Bank Of America Suspends Stock Buyback, Dividend Increase - Presented by: The Aol. On Network

Bank of America said it would suspend its $4 billion stock buyback program and the planned increase in its quarterly dividend after it miscalculated the treatment of certain structured notes related to its acquisition of Merrill Lynch in 2009. The company also said it would resubmit its 2014 capital plan to the Federal Reserve. Bank of America shares were down 2 percent at $15.62 before the bell.



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