The Bank of America reported that the company's board of directors plans to increase the quarterly dividend on common shares by 50% to $ 0.075/share, since the third quarter of 2016.

In addition, the Board approved to carry out buy back in the amount of $ 5 billion, in the period from July 1, 2016 at June 30, 2017, 50% more than was agreed last year.

BAC's shares rose in premarket trading to $ 13.33 (+ 1.06%).