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I prefer investing in individual stocks like Verizon Communications and U.S. Bancorp for potential upside and income reliability, despite their perceived higher risk. Taking on higher risks can lead to wealth creation; it's crucial to understand what you're buying and why. Verizon's strong cash flows and consistent dividend growth make it an attractive option for income-oriented investors, despite recent market volatility.
Shares of Bank of America (NYSE: BAC) slid -5.30% over the past month, bringing their year-to-date loss to -4.18%.
FORT LAUDERDALE, Fla. , March 20, 2025 /PRNewswire/ -- Bank of America has named Jason Edelmann president of Bank of America Fort Lauderdale.
The Fed raises the inflation target and cuts growth projections due to Trump's tariffs, dimming the outlook for banks like JPM, BAC, C, CMA and KEY.
February investments fell below $1,000, mainly in BDCs like Owl Rock Capital and Ares Capital, boosting annual dividend income by $77. Dividend income hit a new February record of $505, up 5% Y/Y driven by organic dividend growth. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
Bank of America (BAC 1.41%) has become one of the world's largest financial services companies. While it survived and came out of the Great Recession as a bigger firm, it wasn't smooth sailing.
Threats of tariffs and reductions to government spending have the American markets in a shaky position as the S&P 500 pushes into correction territory. Among stocks seeing the hardest hits were financial picks, with companies like Morgan Stanley NYSE: MS and SoFi Technologies NASDAQ: SOFI seeing shares fall up to 12% on Monday alone.
Bank of America (BAC) closed the most recent trading day at $42.21, moving +1.34% from the previous trading session.
Bank of America CEO Brian Moynihan discusses the regulatory outlook under President Trump.
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.