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Visa and Mastercard Have a New Rival. It's the Fed.
Several big banks have lined up to use the Fed's payment service. Could that dent Visa and Mastercard's dominant market position?
US Banks Bump Up Dividends Following Fed's Successful Stress Test
Several prominent U.S. banks have declared their intentions to raise their dividends for Q3, following their successful performance in the Federal Reserve's annual stress test.What Happened: U.S. bank
RBC Capital Maintains Wells Fargo & Co(WFC.US) With Hold Rating, Maintains Target Price $61
RBC Capital analyst Gerard Cassidy maintains $Wells Fargo & Co(WFC.US)$ with a hold rating, and maintains the target price at $61.According to TipRanks data, the analyst has a success rate of 61.4% an
Bank of America, JPMorgan, Goldman Raise Investor Payouts Post-Stress Tests -- Barrons.com
By Rebecca Ungarino The largest U.S. banks said on Friday evening that they would increase payouts to investors in moves that were generally expected after lenders sailed through the Federal Reserve'
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.
JPMorgan, Citi, BofA, Wells Fargo All Boost Dividends