BAC Dividend Hike on Hold After Stress Test Shows "Weakness"

Results of the U.S. Federal Reserve's so-called stress test were released Wednesday - and Bank of America Corp. (NYSE: BAC) passed only provisionally. As such, a long-awaited boost to the BAC dividend remains on hold. In total, 28 U.S.-based banks passed the Fed's annual regulatory test. The post BAC Dividend Hike on Hold After Stress Test Shows "Weakness" appeared first on Money Morning - We Make Investing Profitable .