Reported about 1 year ago
Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, have announced plans to raise their dividends following the latest Federal Reserve stress test results. JPMorgan is increasing its dividend to $1.25 per share and authorizing a $30 billion share repurchase plan, while Bank of America, Citigroup, and Wells Fargo are also boosting their dividends. This move comes after passing stress tests that ensure banks have enough capital in case of financial emergencies, allowing them to return capital to shareholders through dividends and buybacks.
Source: YAHOO