Gift Opening
$200 Off MarketBeat All Access
Thanks for being one of our best subscribers! You are eligible for a limited-time discount.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
Claim Your Discount
×
Free Trial
→ Banking failure dead ahead (From Porter & Company) (Ad)

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
→ Banking failure dead ahead (From Porter & Company) (Ad)

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

Investing Strategies To Help Grow Your Retirement Income Cover
Investing Strategies To Help Grow Your Retirement Income

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

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)
4.8611 of 5 stars		$41.82-1.2%2.49%15.21Moderate Buy$42.69
Financial Select Sector SPDR Fund (XLF)N/A$46.51-1.3%1.51%18.32N/AN/A
JPMorgan Chase & Co. (JPM)
4.2125 of 5 stars		$221.92-1.1%2.25%12.38Moderate Buy$217.94
The Goldman Sachs Group (GS)
4.9207 of 5 stars		$517.63-1.3%2.32%15.19Moderate Buy$524.69
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Alphabet Gaining Momentum: Can It Reach $200 by December?

Alphabet Gaining Momentum: Can It Reach $200 by December?

Alphabet (GOOGL) is in the midst of a year-end rally, climbing 10% since September, and some analysts predict it could gain another 30% by Christmas!

Related Videos

NVIDIA Nears All-Time Highs: How High Can This AI Leader Climb?
What the Bulls and Bears Are Saying About NVIDIA Stock
Nvidia Tops Congressional Buy List

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines