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BAC Dividend Hike on Hold After Stress Test Shows "Weakness"
Results of the U.S. Federal Reserve's so-called stress test were released Wednesday - and Bank of America Corp. (NYSE: BAC) passed only provisionally. As such, a long-awaited boost to the BAC dividend remains on hold.
In total, 28 U.S.-based banks passed the Fed's annual regulatory test.
Results of the U.S. Federal Reserve's so-called stress test were released Wednesday - and Bank of America Corp. (NYSE: BAC) passed only provisionally. As such, a long-awaited boost to the BAC dividend remains on hold.
In total, 28 U.S.-based banks passed the Fed's annual regulatory test.