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Bank of America to Raise Dividend by 8% After Stress Test
Bank of America said it plans to raise its quarterly stock dividend to 28 cents a share after a stress test showed improvement in the bank's modeled capital depletion. The Charlotte company said the new dividend is subject to board approval and would be raised starting in the third quarter.
Biggest US Banks Boost Dividends After Fed Stress Tests
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. were among firms raising quarterly payouts following the Federal Reserve’s annual review last week showed that all banks examined would maintain enough capital to withstand a hypothetical economic downturn.
Independence Day, celebrated on July 4, is a federal holiday observed by the Federal Reserve, meaning most banks in the U.S.
Bank of America Corporation (NYSE:BAC) is one of the 22 stocks Jim Cramer recently talked about. Discussing the recent dividend boosts by the bank stocks, including BAC, Cramer stated: “Bank of ...
In a Bank of America Global Research Report, economist Shruti Mishra outlines where the payroll, unemployment and wage ...
Zelle and the banks that own the popular payments platform are facing new scrutiny over scams on the trillion-dollar network.
The Oracle of Omaha has jettisoned more than 401 million shares of Bank of America stock since mid-July 2024, and built up a ...
Bank of America appears to have broken an important resistance level. Yjos means there is a good chance that it trends higher ...
Evidence of a U.S. manufacturing slowdown is mounting, according to the Bank of America Institute. Tariffs could help reduce ...
Bank of America CEO Brian Moynihan has steered one of the world’s largest financial institutions through two economic crises, ...
Two men and a woman were captured by surveillance cameras at the scenes of three of the nine crimes that ran from May 8 ...
See the latest BAC stock price for Bank of America NYSE: BAC stock rating, related news, valuation, dividends and more to help you make your investing decisions.
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