|Bid||23.68 x 500|
|Ask||23.70 x 200|
|Day's Range||23.59 - 23.97|
|52 Week Range||14.81 - 25.80|
|PE Ratio (TTM)||14.62|
|Dividend & Yield||0.48 (2.05%)|
|1y Target Est||N/A|
U.S. stock futures are trading broadly lower this morning, as yesterday’s rally evaporated overnight. Traders are considerably more risk averse this morning, with the Federal Reserve’s meeting at Jackson Hole on tap and President Donald Trump threatening to shut down the government in order to secure funding for the Mexico border wall. As a result, Dow Jones Industrial Average futures have fallen 0.34%, Nasdaq-100 futures have dropped 0.45% and S&P 500 futures have shed 0.42%.
Bank of America Corp (NYSE:BAC) is a Top 25 “Dividend Giant” according to ETF Channel because of its healthy dividend yield of 2%, its history of raising dividends and its growing business. Take the five big Canadian banks, including the likes of Royal Bank of Canada (NYSE:RY) and Bank of Montreal (USA) (NYSE:BMO). Together, their average dividend yield is 4% — almost double Bank of America.
Alarm bells for the US stock market are getting louder. Almost 8% of the companies in the S&P...