Jul 31, 2024, 9:50 AM PDTShareSave
- Dividend stocks are set to surge as investors deploy $6 trillion from money-market funds, Bank of America says.
- Investors could be looking to invest their cash as the Fed gets ready to cut interest rates in September.
- BMO agrees, and recommends high-yielding stocks including Abbvie, Chevron, and Gilead Sciences.Wall Street says buy stocks that pay dividends with $6 trillion of cash ready to be deployed