How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
Bank of America (NYSE:BAC) offers a 2.6% annual dividend yield, equating to $1.04 per share annually. To earn $500 monthly from dividends, an investor would need 5,769 shares, worth approximately $230,587. BAC shares fell 0.6% to $39.97, with Q3 earnings expected at 77 cents per share, down from 90 cents last year. RBC Capital reiterated an Outperform rating with a $46 price target.
October 11, 2024 | 12:44 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bank of America offers a 2.6% dividend yield, requiring 5,769 shares to earn $500 monthly. Shares fell 0.6% to $39.97. Q3 earnings expected at 77 cents/share, down from 90 cents last year. RBC Capital maintains Outperform with a $46 target.
The article discusses BAC's dividend yield and the number of shares needed for a specific income, which is relevant for dividend-focused investors. The upcoming Q3 earnings report and RBC's price target provide insights into potential stock performance. The slight share price drop and lower expected earnings may neutralize short-term price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100