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BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions

Robert Karr
Updated
BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions

Bank of America (BAC) has enhanced its payouts since the second half of 2017 after it cleared its stress tests and built a strong balance sheet. As the Trump administration has lowered tax rates and operating cash flows have risen due to higher net interest income and non-interest income, bankers (XLF) are looking at higher repurchases to improve return on equity (or RoE). Bank of America is focusing less on an expansion of branch network globally.

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