Three major US banks approve significant dividend increases
BAC Bank Of America Corp
$53.96 -1.14%
View chart & analysis → - 1PNC Financial, Morgan Stanley, and Bank of America recently approved significant dividend increases.
- 2PNC's third-quarter dividend growth rate recorded 18%, reaching a third-quarter dividend per share of $2.
- 3Approximately 72% of Wall Street analysts rate PNC stock as a buy, with a median price target of $273.
So what's the key point?
PNC Financial, Morgan Stanley, and Bank of America have decided to significantly increase the dividends paid to shareholders. As PNC Financial's dividend increased by 18%, experts expect the stock to rise further.
Source The Motley Fool +1 · View original ↗
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