Bank of America is throwing serious cash at its stock. The firm just launched a $40 billion buyback program, lighting a fuse under its shares, which jumped 1% in late New York trading on Wednesday.

Bank of America's board has authorized a $40 billion common stock repurchase program. The bank said Wednesday the buyback is effective Aug. 1, and will replace its current program that expires that ...

The new buyback program, which will take effect on August 1, will replace the current authorization, which had about $9.1 ...

Bright Rock Capital Management, LLC reported in a July 10 Securities and Exchange Commission ( SEC filing) that it sold its ...

Key Points Bank of America is the second largest U.S. bank and the fifth largest financial company by market capitalization. The company just reported strong second-quarter earnings.There could be ...