What is a good Bank stock that pays a good dividend?

Question

Thank You

Answer 1

BANK OF AMERICA IIIIIIISSSSSSSSSS GGGGODDDD.
Since 1998 BAC has returned 18% per year with dividends reinvested (stated in 2005 annual report I got in the mail in March) and they raise the payout 13% per year. How many people in America get a 13% raise per year? Oil stocks are the same. Most of my money is in banks and oil because of dividends and earnings. The rest is in DIA and SPY. Dividends are without a doubt one of the fastest ways to get rich in the markets over a 30-40 year period. I have an uncle who bought 100 shares of C in 1988 and today that 2500 investment is worth close to 125K JUST FROM DIVIDEND REINVEST and price appreciation.

I agree also with Mr. Money, Jaime Dimon has turned JPM around now if they can start to raise the dividend. Jaime was a hell raiser at Citigroup and he was booted by Charles Prince one of the worst directors C has had in decades.

I also like Wachovia (WB) which is the fourth largest bank in the US. The CEO has already stated their goal is to become the second largest bank in the US in the next 15 years through M&A and internal growth.

Answer 2

Holy smokes. There are a lot of them. Do you know that S&P rates more banks as A+ than any other segment of the economy. BAC, C, USB just to name 3 that pop into my mind right off the bat. They are not all rated A+ but their ratings are high. There are probably 30 others. Each of those 3 pay better than 4% and raises the dividend each year by about 10%.

Answer 3

Those are good. I like JPM (JPMorgan Chase). The bank has been growing and should continue to grow well. The dividend is strong and the stock has been increasing in value well.

Answer 4

I'm happy with BAC, it pays 4.20% and they have increase it every year.