Bank of America Corp. (BAC) Raises Quarterly Dividend 400% to $0.05; 1.3% Yield

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Go back to Bank of America Corp. (BAC) Raises Quarterly Dividend 400% to $0.05; 1.3% Yield

Bank of America (BAC) Bullish Stance Reiterated at Jefferies Amid Dividend Hike, Likely DOJ Settlement

August 7, 2014 6:52 AM EDT

Jefferies analyst Ken Usdin reiterated a Buy rating and $18 price target on Bank of America (NYSE: BAC) amid the company's dividend raise and reports of a $16B-$17B DOJ mortgagte settlement.

Usdin comments, "BAC got past one overhang with the Fed's approval... More

Bank of America (BAC), U.S. Near $16-$17B Mortgage Settlement - WSJ

August 6, 2014 4:13 PM EDT

Bank of America (NYSE: BAC) and the U.S. are said to be near a $16-$17 billion settlement of mortgage-related misconduct, according to reports from the WSJ.

... More