This year, the stress test includes any future litigations in which Obama and Holder intend to bring against BoFA specifically and that is why BoFA only got a 6.0.
Let's all give a 1-finger salut to, "Hail to the Chief".
I really dont care about the dividend. Personally, I would rather see them continue with a share buyback program to boost the stock price. Even if they raised the dividend to 5 cents per quarter, that is pocket change to investors. I think that a continued or more robust share buyback program would be a better use of capital resources.
That and a more efficient use of cash. Cash given as a dividend allows the Obama admin to receive more taxes, and as such is an inefficient use of capital. Taxes do not benefit the shareholder, whereas a buyback decreases shares outstanding and in theory increases earning per share without the 50% the Obama goon squad would siphon off for useless social programs
I kind of agree with you on the div but that ship has sailed. People are expecting an increase in the dividend, regardless whether it is a good thing or a bad thing. If it doesn't come, this is going down.
they passed easily on their values and on govt values it was closer but not close enough for any worries. Said in an article they would have to lose like $120B more than worse case scenario to be in trouble. So no worries here.