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
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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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