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Bank of America beat earnings estimates, raised its dividend, and hit a 52-week high.
Bank of America reported second-quarter earnings of $0.89 per share, beating estimates by $0.03, with revenue up 4.3% year-over-year to $26.79 billion.
The company raised its quarterly dividend to $0.28, yielding 2.3%, and reported a 52-week high stock price near $52.88.
Institutional investors collectively own 70.71% of the company, with some firms increasing or reducing stakes, while analysts maintain a "Moderate Buy" consensus and a $54.11 average price target.
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Bank of America superó las estimaciones de ganancias, aumentó su dividendo y alcanzó su máximo de 52 semanas.