BAC's dividend has been stuck at a penny since 2009. The fed is likely requiring a higher capital standard for BAC since it is the largest bank in the country, or it is worried about BAC's mortgage put-back fiasco.
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Friday, March 25, 2011
Bank of America, Pass or Fail? (NYSE: BAC)
NEW YORK - Bank of America wanted to increase their dividend in the second half of the year but the U.S. government said no. JP Morgan Chase , Wells Fargo and Citigroup have already raised their dividend granted Citigroup's is to a paltry 1 cent a share.
BAC's dividend has been stuck at a penny since 2009. The fed is likely requiring a higher capital standard for BAC since it is the largest bank in the country, or it is worried about BAC's mortgage put-back fiasco.
BAC's dividend has been stuck at a penny since 2009. The fed is likely requiring a higher capital standard for BAC since it is the largest bank in the country, or it is worried about BAC's mortgage put-back fiasco.
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