• Bank of America reported broad-based performance across its four segments and eight lines of business, citing continued execution of its Responsible Growth strategy.
• Management said the company continued to invest in technology, including AI tools used by clients and employees, with total technology spending of nearly USD 13 billion.
• Consumer and small business activity highlighted in the report included 680,000 net new consumer checking accounts and nearly 1.8 billion payments through Zelle.
• The company said it returned about USD 30 billion to shareholders through dividends and share repurchases and raised its quarterly dividend to USD 0.28 per share.

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