Big banks are boosting dividend payouts in the wake of Fed stress-test results
Major U.S. banks including Morgan Stanley and JPMorgan Chase & Co. announced dividend increases late Friday, in the wake of the results of the Federal Reserve’s latest bank stress tests earlier this week.
“We continue to maintain a fortress balance sheet with strong capital levels and robust liquidity,” Dimon added. Wells Fargo WFC, +0.54%, for its part, said it will increase its dividend to 35 cents a share, up from 30 cents a share, subject to board approval. It said it has the capacity to undertake a share buyback, “which will be routinely assessed as part of the company’s internal capital adequacy framework that considers current market conditions, potential changes to regulatory capital requirements, and other risk factors,” without elaborating further.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress testBig banks are planning to increase their quarterly dividend payouts after clearing the annual Federal Reserve stress test earlier this week.
Read more »
JPMorgan, Morgan Stanley among U.S. banks raising dividends after stress testsMajor U.S. banks including Morgan Stanley, Wells Fargo and JP Morgan Chase & Co. announced dividend increases late Friday.
Read more »
Morgan Stanley says this battery stock is worth buying and can rally more than 70%The firm upgraded shares to overweight from equal weight.
Read more »
Alex Morgan reacts to massive statue of her before World Cup: ‘She is big’Alex Morgan, meet statue Alex Morgan.
Read more »
J.P. Morgan downgrades Citizens Financial to neutral from overweight after Fed stress testsJ.P. Morgan analyst Vivek Juneja on Thursday lowered his rating on Citizens Financial Group Inc. to neutral from overweight after the Fed’s annual bank...
Read more »