Bank of America Is the Big-Bank Holdout After This Year's Stress Tests. Here's What Its Next Move Could Look Like.

Bank of America passed the Federal Reserve's stress tests but, unlike peers Goldman Sachs and Citigroup, did not immediately announce a dividend increase. The article suggests this is likely a timing issue, as BAC typically announces dividend increases in Q3 alongside earnings. With recent annual increases of 8% and 7%, another hike is expected soon. BAC trades at lower valuations than JPMorgan Chase and Goldman Sachs, positioning it as a value play with a 1.92% dividend yield.