How To Earn $500 A Month From Bank of America Stock Ahead Of Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
Bank of America Corporation (NYSE:BAC) is anticipated to release its Q4 earnings on Jan. 12, 2024, with expected earnings of 67 cents per share on revenue of $23.92 billion. The bank previously reported Q3 earnings that exceeded expectations with a 3% year-over-year revenue increase. The article also discusses how investors can earn a monthly income from BAC's dividends, which currently yield 2.81% annually. It provides calculations for earning $500 or $100 per month based on the current dividend rate and notes that dividend yield fluctuates with stock price and dividend changes. BAC shares recently fell by 0.8% to close at $34.16.
January 09, 2024 | 1:28 pm
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Bank of America is expected to report Q4 earnings with an EPS of 67 cents and revenue of $23.92 billion. The bank's dividend yield is 2.81%, and its stock price recently fell by 0.8%.
The upcoming earnings report could influence BAC's stock price, but the exact impact is uncertain until the actual figures are released. The dividend yield is a positive aspect for income-focused investors, but the recent stock price drop indicates some market uncertainty. The importance is high due to the proximity of the earnings release and the focus on dividends as a source of income.
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