Do Bank Of America (BAC), JPMorgan (JPM), And Wells Fargo (WFC) Kill Dividends?

December 24, 2008 7:59 AM EST

From 247wallst.com

Last October, Bank of America (NYSE: BAC) cuts its dividend in half to $.32. Citigroup (NYSE: C) has taken its down to a penny a share.

There are not may reasons to invest in large money center banks now, but their yield may have kept their share prices from finding new floors. The question is, if the nation's biggest banks lose a great deal more money early next year, do their dividends disappear?

Read More At 247wallst.com >>>>


Other Stocks Mentioned: JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC)


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