US Banks Bump Up Dividends Following Fed's Successful Stress Test

Benzinga00:11

Express News | Pressure has increased sharply, and junior bankers on Wall Street are working up to 100 hours per week.

BreakingsJun 29 23:05

JPMorgan Chase (NYSE:JPM) Is Due To Pay A Dividend Of $1.15

Yahoo FinanceJun 29 21:00

This Bank Stock's Unique Combination Makes It -2-

MarketWatchJun 29 18:28

Large banks in the USA have announced successive increases in dividends.

On June 29th, Gelunhui reported that several large American banks, such as JPMorgan, Goldman Sachs, Bank of America, Morgan Stanley, and Citigroup, announced locally on June 28th that they would increase their dividends after passing the Fed's annual stress test earlier this week. Prior assessments by regulatory agencies showed that all 31 participating banks have sufficient capital. In addition, JPMorgan and Morgan Stanley have approved up to $30 billion and $20 billion in share buyback programs, respectively.

Gelonghui FinanceJun 29 14:41

After the Federal Reserve's stress test, major Wall Street banks increased dividends and stock buybacks.

On Friday, the US banking industry announced an increase in dividend payouts, such as JPMorgan's plans to buy back $30 billion in stocks and Morgan Stanley receiving approval to buy back as much as $20 billion in stocks. Overnight on Friday, bank stocks rose across the board, with Citigroup rising 3.1% and Wells Fargo & Co. rising 3.43%.

wallstreetcnJun 29 11:10