Reported about 1 year ago
Major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, and Wells Fargo, announced plans to increase their dividends for the third quarter after successfully demonstrating their ability to withstand economic and market turmoil in the Federal Reserve's stress tests. These banks, having cleared the stress tests, are now raising dividends as a sign of financial strength and resilience.
Source: YAHOO