Most analysts and commentators are focused on an upcoming shareholder vote at Bank of America, but savvy investors are licking their chops as the bank's turnaround has gained momentum.
Even though Bank of America's share price is nearly two-thirds less than a decade ago, this strategy would have still made money.
With a beta of 1.71, Bank of America's shares are 71% more volatile than the broader market.
With the markets in a correction, it's a great time to go shopping for bargains.
It's a referendum on the board of directors, not on CEO Brian Moynihan.
Shareholders will have to wait until March 2016 before Bank of America announces its next dividend increase.
Thanks to the laws of mathematics, dollar cost averaging can make corrections work in your favor.
The future looks pretty amazing for bank customers and shareholders.
If you combine the recent declines in these banks' share prices with their valuations, three of them seem to offer substantial upside.
By averaging into a new position in Bank of America's stock, you'll limit your downside and retain the flexibility to double down on your bet if the bank's shares continue to slide.