Almost every Bank of America (NYSE:BAC) investor is eagerly waiting the bank's expected announcement that it intends to increase its quarterly dividend. After years of paying out $0.01 per quarter, the bank is expected to at least double that payout.
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson take a question from their mailbag about Bank of America's dividend, the four main drivers of its business, and where the bank can grow the most. David highlights how diverse the bank's profit engine is and explains why the bank's real estate operations have been a drag on earnings. Meanwhile, Matt points out how Bank of America can make significant bottom-line progress by simply cutting more costs.