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Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?

Kate Stalter
Written by Kate Stalter
June 30, 2023

Key Points

  • Big banks including Bank of America, JPMorgan Chase, and Goldman Sachs may be ready to boost shareholder payouts now that Federal Reserve's stress tests are behind them.
  • All 23 major banks subject to the stress tests have passed.
  • The financials sector was the S&P's best performer following that news.
  • Watch for dividend announcements after the closing bell on June 30. 
  • Five stocks to consider instead of Bank of America.

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Should You Invest $1,000 in Bank of America Right Now?

Before you consider Bank of America, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of America wasn't on the list.

While Bank of America currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Bank of America (BAC)
4.9404 of 5 stars		$40.97+2.0%2.54%12.71Moderate Buy$47.25
Financial Select Sector SPDR Fund (XLF)N/A$49.62+1.8%1.43%16.13Moderate Buy$49.62
JPMorgan Chase & Co. (JPM)
4.6053 of 5 stars		$252.22+2.2%2.22%12.78Moderate Buy$255.67
The Goldman Sachs Group (GS)
4.8467 of 5 stars		$563.58+1.8%2.13%13.92Hold$593.40
Compare These Stocks  Add These Stocks to My Watchlist 

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