How To Earn $500 A Month From Bank of America After Earnings Beat
Portfolio Pulse from Lisa Levin
Bank of America Corp (NYSE:BAC) reported better-than-expected earnings for Q3 with an EPS of $0.90, beating the consensus of $0.81. Revenue increased 3% YoY to $25.32 billion, surpassing the consensus of $25.14 billion. The bank offers an annual dividend yield of 3.48%, which is a quarterly dividend amount of 24 cents per share. To earn $500 per month or $6,000 annually from dividends alone, an investment of approximately $172,625 or around 6,250 shares is needed.
October 18, 2023 | 11:53 am
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POSITIVE IMPACT
Bank of America's better-than-expected Q3 earnings and attractive dividend yield could potentially attract more investors, leading to a positive impact on its stock price.
Bank of America's strong Q3 earnings beat and its attractive dividend yield could make the stock more appealing to investors. This increased demand could potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100