Will Bank of America Be Able to Boost Its Dividend?

Last night, investors saw the results of the Dodd-Frank stress tests come out, and Bank of America's (NYSE: BAC  ) results were reasonably strong, showing that the bank has been able to increase the amount of capital it's holding. But is it healthy enough to ask for an increase to its dividend from the Fed next week, after the CCAR stress test results are released?

In this video, Motley Fool financials analysts Matt Koppenheffer and David Hanson talk about how B of A compares to Citigroup (NYSE: C  ) , which has said it will not ask for a dividend increase; Matt tells us why he will be disappointed if B of A doesn't, either. 

Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.

 


Read/Post Comments (2) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 08, 2013, at 7:06 PM, Rusty56 wrote:

    Brian will ask for a dividend hike, if he doesn't he will look like a fool after he has already said he wanted to increase the dividend. To follow Citigroups lame example would be suicidal.

  • Report this Comment On March 08, 2013, at 11:26 PM, TMFKopp wrote:

    Rifleman! You said something other than "yawn!" Now that's reason for excitement.

    Re: Moynihan, I hope you're right. Though I can't blame Corbat for his call at Citi. After last year the last thing he needs is to get rejected by the Fed in his first six months on the job.

    Matt

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2302563, ~/Articles/ArticleHandler.aspx, 9/23/2014 2:38:19 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement