This is crazy and acknowledging the stock price performance outright, WHERE the HAIL is the DIV increase? This is WAY beyond reason. Is the FED in the way? if so, what is it that BAC must do in order to pay the King his pence and move on? RIDICULOUS! Really....!
The Fed will speak by the end of the month. I think BAC requested a dividend but that would have been included with the CCAR submitted by BAC to the fed in January. The fed will announce whether or not they approve of BAC's capital plans later this month and then BAC will announce what they requested and what the dividends, buybacks both or neither will be at that time. I think they will do both