Bank of America Trading Volume Plummets 45.7% to 50th Position as it Announces $3 Billion Senior Notes Redemption

On June 12, 2025, Bank of America (BAC) experienced a significant decline in trading volume, with a total turnover of $1.167 billion, marking a 45.7% decrease from the previous day. This placed BAC at the 50th position in terms of trading volume among all stocks for the day. The stock price of BAC also decreased by 0.25%, marking the second consecutive day of decline, with a total decrease of 1.04% over the past two days.

Bank of America Corporation has announced that it will redeem all $3 billion in outstanding principal of its 1.319% Fixed/Floating Rate Senior Notes, originally due in June 2026. This redemption is scheduled to take place on June 19, 2025, with the redemption price set at 100% of the principal amount plus accrued and unpaid interest up to the redemption date. The actual payment will be made on the next business day, June 20, 2025, due to June 19 being a non-business day. The redemption process will be facilitated through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. serving as the trustee and paying agent for the notes.

This move by Bank of America to redeem its senior notes ahead of their maturity date is a strategic decision that could impact the bank's financial position and investor sentiment. The redemption of these notes will reduce the bank's debt obligations and potentially free up capital for other investments or operational expenses. However, it may also signal a shift in the bank's liquidity management strategy, which could influence market perceptions of its financial health and stability.