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Analysts expect the bank to report quarterly earnings of $1.02 per share. That’s up from 90 cents per share in the year-ago period. The consensus estimate for Bank of America’s quarterly revenue is $29.95 billion. It reported $27.37 billion last year, according to Benzinga Pro..
Bank of America investors may be eyeing potential gains from the company’s dividends. Currently, the firm has an annual dividend yield of 2.10%. That’s a quarterly dividend amount of 28 cents per share ($1.12 a year).
To figure out how to earn $500 monthly from Bank of America, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Bank of America’s $1.12 dividend: …
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