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Barrons02:00 ET

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

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Bank of America, JPMorgan, Goldman Raise Investor Payouts Post-Stress Tests -- Barrons.com

Barron'sJun 28 19:23 ET

Large US banks have announced an increase in dividends, all of which have passed the Federal Reserve stress tests.

Major US banks announced increases in dividends on Friday, all of which had previously passed the Federal Reserve's annual stress tests. Big banks such as JPMorgan and Bank of America announced increases in dividends. Just two days ago, the regulatory assessment showed that all 31 banks participating in the test could maintain sufficient capital and withstand the hypothetical test scenario of an economic recession. Other banks that raised dividends include Citigroup, Wells Fargo & Co, and Morgan Stanley. JPMorgan and Morgan Stanley also approved share buyback plans of billions of dollars. Major US banks announced increases in dividends on Friday for new quarterly dividends and previous quarters.

環球市場播報Jun 28 17:23 ET

JPMorgan, Citi, BofA, Wells Fargo All Boost Dividends

Yahoo FinanceJun 28 17:17 ET