Facebook Joins the Trillion-Dollar Club and Bank of America Boosts its Stock Dividend
Facebook is a multibillion-dollar blue-chip tech stock and is a company that allows users, who sign-up for free profiles, to connect with friends, work colleagues, or people they don’t know online. It allows users to share pictures, music, videos, articles, and their thoughts and opinions with however many people they like. Since 2003 when it was founded, Facebook has grown into one of the largest companies in the world.
Facebook has recently hit a huge milestone of $1 Trillion in market capitalization. On top of this Facebook has some good news with the stock spiking in late-day trading due to the favorable legal ruling that dismissed an antitrust complaint brought by the FTC. By hitting this milestone Facebook joins its tech giant fellows such as Apple, Microsoft, Amazon Google’s parent company Alphabet
Bank Of America
Bank of America is an American multinational investment bank and financial services holding company. Bank of America was formed through NationsBank’s acquisition of BankAmerica in 1998. Recently Bank of America said it expects to increase its quarterly stock dividends by 17% to 21 cents per share, beginning in the third quarter of 2021.
Dividends are an optional distribution of some of a company’s earnings to a class of its shareholders, as determined by the company’s board of directors. Bank of America currently has a Market Cap of $350.399B, a PE Ratio of 17.55, and an EPS of 2.33. The next earnings date for Bank of America is July 14th, 2021.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.