RichardS

Will BofA Cut Its Dividend?

"the new company should be able to generate 6% to 9% annual growth, and 10% growth in eps, 'on the other side' of the curent financial crisis., Lewis told Barron's"

This move is going to reduce BAC dependence on consumer/small business banking by adding future revenue streams from global wealth mgt and global corporate and investment banking.

Long term I think its a good move. Short term I agree that they will need to reduce the dividend given increase in shares outstanding.