Fed Says 'No' to Bank of America's Dividend Plan

The Federal Reserve recently gave the all-clear sign for banks to raise their dividends. Well, not totally all-clear. The dividend increases still need to be approved by the Fed. After all, you can’t have public money being shoveled right to shareholders. The government wants them to make a profit first. So I was happy to see that JPMorgan Chase (JPM) a member of our Buy List,... Read more