1 Dividend Stock to Avoid Right Now
The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Jim Gillies and Joe Magyer, discuss the latest business news. Despite delivering better-than-expected earnings, Bank of America fell nearly 5% today. Why did this Dow stock have such a bad day? In this segment, the guys analyze the challenges Bank of America still faces after its disastrous acquisition of Countrywide, and why they believe investors interested in bank stocks should focus more on Wells Fargo and Goldman Sachs, while avoiding Bank of America.
Bank of America does pay a small dividend, and shares have risen more than 30% year to date. For investors seeking dividend-paying stocks trading at bargain-basement prices, check out The Motley Fool's free report "2 Dirt Cheap Stocks With HUGE Dividends." You can get analysis of a market leader in payment systems and a high-yielding energy company by accessing this report. It won't be available forever, so simply click here -- it's free.
The article 1 Dividend Stock to Avoid Right Now originally appeared on Fool.com.Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of Bank of America and JPMorgan Chase.Motley Fool newsletter serviceshave recommended buying shares of Goldman Sachs and Wells Fargo. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days. The Motley Fool has adisclosure policy.
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