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BofA raises share buyback by up to $800 million

(Reuters) – Bank of America Corp said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier. The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity incentive compensation awarded to retirement-eligible employees.

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BofA raises share buyback by up to $800 million