Free Trial

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. 
  • 5 stocks we like better than Bank of America

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Upgrade below.

Upgrade Now See Benefits

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.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover
20 High-Yield Dividend Stocks that Could Ruin Your Retirement

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Bank of America (BAC)
4.7364 of 5 stars		$38.78-2.2%2.48%13.42Moderate Buy$39.26
Financial Select Sector SPDR Fund (XLF)N/A$40.81-1.2%1.72%18.32N/AN/A
JPMorgan Chase & Co. (JPM)
3.7632 of 5 stars		$194.51-2.6%2.36%11.75Moderate Buy$194.10
The Goldman Sachs Group (GS)
4.8252 of 5 stars		$445.31-1.8%2.47%17.39Moderate Buy$440.57
Compare These Stocks  Add These Stocks to My Watchlist 

More From MarketBeat
Bill Clinton Backing Biden Replacement???
Do you want to see who I believe will be the next president of the U.S.A? It won’t be Biden…And it won’t be...
The Freeport Society | Sponsored
7 Travel Stocks That Still Have Room to Run
There's good news and bad news for those interested in investing in travel stocks in 2024. A report from Skift...
MarketBeat
NVDA to close the AI “wealth window’ June 25?
On Tuesday, June 25, in front of executives from nearly every major tech company in existence, key leaders at ...
Paradigm Direct | Sponsored
7 Speculative stocks that could be worth the risk
Speculative stocks are those that investors buy knowing that they could lose most of, if not all, their invest...
MarketBeat
"If I Die, I’d Trust 50% of My Daughters’ Inheritance in ONE Stock."
"I'd Feel Secure Putting 50% of My Kids' Inheritance in THIS Stock" One Wall Street millionaire bought AAPL...
Stansberry Research | Sponsored
7 Cheap Dividend Stocks Offering Value and Price Upside
When you hear the phrase "cheap dividend stocks," what comes to mind? It can mean different things to differen...
MarketBeat

Featured Articles and Offers

Recent Videos

Stock Splits: A Beginner’s Guide
Buy or Bail? Stock Upgrades and Downgrades
Profit Like Congress: The Stocks They’re Betting On

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines