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Bank of America investment banking co-head Mike Joo to leave. Faiz Ahmad will remain in charge of the investment bank. Mike Joo, co-head of global investment banking at Bank of America, is set to leave the bank for an "external opportunity", according to an internal memo seen by Private Banker International. "We appreciate Mike's contributions to the firm and his leadership over the years," the memo read. Joo joined the bank in 2006, according to his LinkedIn profile. Before that, he spent eight years at Credit Suisse, where he was co-head of Asia debt capital markets when he left. He began his career at Goldman Sachs in 1995 and departed in 1998. Bank of America said Faiz Ahmad will remain in charge of the investment bank. Ahmad has previously held roles including head of Global Transaction Services and co-head of Global Capital Markets. He will work with Karim Assef, chairman of Global Corporate & Investment Banking, on the bank's investment banking business. The memo said the bank has appointed 40 senior managing directors so far this year. In the most recent quarter, the bank reported higher client activity and investment banking results close to record levels. Total corporation IB fees were up 50% from a year earlier, while market share increased by 77 basis points. The bank also reported further balance sheet growth. "These achievements, along with significant technology investments, give us a strong foundation to continue to win more deals, drive growth, and deliver the best of our franchise for clients globally", the memo added. The bank is involved in several large transactions, including NextEra Energy's merger with Dominion Energy valued at $118.8bn, Kone's combination with TK Elevator valued at $34.4bn, and SpaceX: ABR $86.3B IPO. Late last year, Reuters reported that Bank of America had raised bonus payments for its top-performing investment bankers. Give your business an edge with its leading industry insights.

NextEra Energy dividend profile supports top utility stock ranking. By Joel Kornblau, Editor, Energy Stock Channel, Friday, July 31, 2026, 8:20 AM ET NextEra Energy Inc. (NYSE: NEE) was identified by Dividend Channel as one of its Top 10 dividend-paying utility stocks in the latest DividendRank report. The ranking points to a combination of dividend consistency, profitability, and valuation metrics that compare favorably within the utility sector. For income-focused equity analysis, those factors matter because utility stocks are often assessed not only on current yield, but also on the durability and growth of cash distributions over time. The report highlighted NextEra Energy's quarterly dividend record alongside longer-term growth in key fundamentals. That framing is notable in the utility industry, where investors often distinguish between companies that simply offer above-average yield and those that also show the capacity to expand earnings, invest in infrastructure, and support future dividend increases. Why NextEra Energy stands out among dividend Utility Stocks. Dividend Channel described its methodology as favoring companies with strong profitability and attractive valuation characteristics. In utilities, that approach can be particularly useful because headline dividend yield alone does not always capture underlying quality. A high yield may reflect market concern over leverage, regulatory pressure, earnings volatility, or capital spending demands. By contrast, a utility with a lower but steadily growing payout can offer a different risk-return profile. That appears to be the central case for NextEra Energy. The company has historically drawn attention for pairing utility-like income characteristics with growth attributes tied to its regulated electric utility operations and its substantial renewable energy development platform. This mix has often made NEE distinct from more traditional utilities whose investment case rests primarily on yield. Dividend history remains a core part of the investment case. NextEra Energy currently pays an annualized dividend of $2.4928 per share in quarterly installments. Its most recent ex-dividend date was 08/28/2026. For dividend analysis, the payment amount is only one part of the picture. The more important question is whether a company has demonstrated the financial capacity and management discipline to sustain and increase those payments over time. A long dividend history can help answer several key questions: * Has the company maintained regular distributions through different market cycles? * Have dividend increases been gradual and supported by operating performance? * Does the dividend trajectory suggest confidence in future cash generation? * Is the payout record consistent with the company's capital investment needs? For utilities, this analysis is especially relevant because the sector is capital intensive. Companies must balance shareholder distributions against spending on generation, transmission, distribution, and grid modernization. A durable dividend record therefore often signals more than income; it can also indicate access to capital, regulatory stability, and comparatively predictable cash flows. What the DividendRank approach is looking for. Dividend Channel stated: "Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research." Applied to NextEra Energy, that framework implies more than a simple screen for income. It suggests the company scored well on a broader set of characteristics that can matter for total return: earnings quality, return profile, valuation support, and the ability to translate operating strength into a growing dividend stream. How to evaluate NEE beyond headline yield. When analyzing NextEra Energy as a dividend utility stock, several metrics typically deserve close attention: * Dividend growth: A steady pace of increases can be more informative than current yield alone. * Payout ratio: This helps assess whether the dividend is well covered by earnings or cash flow. * Capital expenditure requirements: Utilities must continually reinvest in their asset base, which can affect future distribution flexibility. * Balance sheet strength: Interest rates and refinancing conditions have an outsized effect on capital-intensive sectors. * Regulated utility performance: Stability at the core utility business can underpin broader corporate cash generation. These factors are particularly relevant for NextEra Energy because its profile combines regulated utility operations with large-scale energy infrastructure development. That can support growth, but it also makes capital allocation and funding conditions important variables in dividend sustainability analysis. Long-Term dividend history chart for NEE. Below is the long-term dividend history chart for NEE referenced in the report. Reviewing the progression of the payout over time can help put the current annualized dividend in context and clarify whether the company's distribution pattern has been stable, growing, or uneven. Indeed, studying a company's past dividend history can be useful when assessing whether the most recent dividend is likely to continue and whether future increases appear plausible under current operating conditions. For a wider view of the energy sector, review 10 Top DividendRank'ed Utility Stocks and compare the current list with the stock highlighted above.

Brookfield and NextEra plan $100B, 1.8GW AI campus at DOE's Paducah uranium site. Key points * Brookfield and NextEra Energy plan a $100 billion AI campus at the DOE's former Paducah uranium enrichment site, targeting 1.8 GW of compute capacity by 2032 [[1]] * NextEra will build up to 2 GW of natural gas-fired generation and 2.6 GW of battery storage on-site, with excess power delivered to the regional grid [[2]] * Operations are expected to begin in 2028, with full buildout completed by 2032; the project requires Kentucky Public Service Commission approval [[3]] * The campus is projected to create approximately 8,000 construction jobs and 600 permanent positions [[2]] * DOE selected Brookfield following a November 2025 Request for Offers process for the site, which closed as a uranium enrichment facility in 2013 [[1]] Brookfield and NextEra Energy will develop a $100 billion AI data center campus at the U.S. Department of Energy's former Paducah Gaseous Diffusion Plant in western Kentucky, the DOE announced on July 29. The project targets more than 1.2 GW of initial AI computing capacity, scaling to 1.8 GW by 2032 [[1]] [[2]]. NextEra, the largest U.S. utility by market capitalization, will build up to 2 GW of dedicated natural gas-fired generation and 2.6 GW of battery energy storage capacity at the site, a "bring-your-own-power" model that keeps the campus largely independent of the regional grid. Excess generation will be delivered to local utilities [[2]]. The DOE selected Brookfield following a Request for Offers process launched in November 2025. The project remains subject to negotiation of definitive agreements and approval by the Kentucky Public Service Commission. Operations are expected to begin in 2028, with full buildout completed by 2032 [[1]] [[3]]. Discover more Business & Corporate Law Stock market forecasts AI infrastructure solutions The site. The Paducah Gaseous Diffusion Plant was constructed in the 1950s to produce enriched uranium and ceased enrichment operations in 2013. The 3,556-acre federal site in McCracken County, Kentucky, retains significant legacy infrastructure - including high-voltage transmission capacity, water access, fiber connectivity, and available land - that DOE officials say can accelerate development timelines [[1]] [[2]]. The campus is part of DOE's broader American Energy Hubs initiative, which seeks to repurpose underutilized federal sites for energy and compute infrastructure. A similar effort produced a nearly 10 GW data center announcement in Ohio earlier in 2026 [[3]]. Over 40,000 cylinders of depleted uranium hexafluoride remain on-site and will continue to be managed alongside the new development. DOE Assistant Secretary Tim Walsh said the project ensures "federal land will be put to productive use for Americans through affordable energy and AI innovation" [[1]]. Power & storage architecture. The project's power stack is among the largest dedicated generation buildouts announced for a single data center campus in the U.S. NextEra will develop up to 2 GW of new natural gas-fired generation paired with up to 2.6 GW of battery energy storage, for a combined 4.6 GW of dedicated capacity [[2]] [[4]]. The generation and storage resources will exceed the campus's own demand. Surplus power will be delivered to the regional grid through local utility partners - Big Rivers Electric Power Corporation, Jackson Purchase Energy Cooperative, and Paducah Power System - a structure DOE says will lower electricity costs for surrounding ratepayers [[1]] [[2]]. The power service agreement requires approval from the Kentucky Public Service Commission, a process that will run in parallel with negotiations over definitive project agreements [[1]]. Discover more Health Foundations & Medical Research Partners and roles. Brookfield will own and operate the data center campus. The Canadian asset manager has been rapidly expanding its data center footprint globally, including through its Brookfield Infrastructure Partners vehicle and its 2024 acquisition of Data4 in Europe [[3]] [[4]]. NextEra Energy, which operates Florida Power & Light and is the world's largest generator of wind and solar energy, is providing the dedicated generation and storage infrastructure. The company has been increasingly positioning itself as a power supplier to hyperscale data center operators [[4]]. Local utility partners Big Rivers Electric Power Corporation and Jackson Purchase Energy Cooperative will handle wholesale and retail electric service, respectively, while Paducah Power System provides community-level coordination. The coalition is branded as the Paducah American Energy Hub [[1]] [[2]]. Economic impact and timeline. The project is expected to generate approximately 8,000 construction jobs during the buildout phase and roughly 600 permanent positions once operational, according to the DOE announcement. At $100 billion, it would represent one of the largest single private investments in Kentucky's history [[1]] [[2]]. Construction completion is targeted for 2031, with the full 1.8 GW campus operational by 2032. Initial operations are expected to begin in 2028, though the project's status remains conditional on finalizing definitive agreements and securing regulatory approvals [[1]] [[3]]. The announcement adds to a growing pipeline of mega-scale AI infrastructure projects on federal land. The Paducah campus's co-located generation model - where power plants are built specifically for the data center and sited on the same property - represents a departure from the grid-connected approach used at most existing hyperscale campuses [[2]] [[4]]. Companies mentioned. 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