One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
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Recs
Solid bank that pays more than 4% dividend and regularly increases it. I think these will outperform the S&P by a small margin for some years to come as I think the IT-revolution that saves banks heaps of money has only just started to kick in.
I'll be looking for more banks like this one, although this is probably an exceptionally good one.
Of course high dividend payers like these will have a hard time outperforming the market as long as CAPS doesn't account for dividends. They keep promising they will, some day :)
At the moment the banks are underperforming the market slightly even with dividends. But that's because the market is on a tear, I look forward to these catching up on a market slow-down. Hopefully that takes a long time as the rest of the picks are riding the market-wave like an expert surfer.
Thats my pet peeve about caps also. My dividend stocks are good investments, but caps considers them as losers, even if I'm just breaking even in real life.
~Allstar