Fed Gives Nod to Banks' Dividend Hikes & Buybacks: What's Next?

As expected, major banks have cleared 2021 stress tests conducted by the Federal Reserve. Hence, additional restrictions on dividend hikes and share repurchases that were in place since last year ... See more

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Top U.S. Banks Hike Dividends After Sailing Through Fed's ... - U.S.

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Jun 28, 2024 · JPMorgan Chase, the largest U.S. lender, hiked its dividend to $1.25 a share from $1.15, according to a filing. Its board also authorized $30 billion in new share buybacks, …

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FAQs about Fed Gives Nod to Banks' Dividend Hikes & Buybacks: What's Next? Coupon?

Will banks raise dividends after a health check?

REUTERS/Lucas Jackson/File Photo By Nupur Anand NEW YORK (Reuters) - U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve's annual health check. ...

Why did banks raise dividends in 3rd quarter?

NEW YORK (Reuters) - U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve's annual health check. ...

How much will bank of America's dividend increase?

Bank of America's dividend will rise to 26 cents a share from 24 cents, and Citigroup's will increase to 56 cents from 53 cents, the lenders said in separate regulatory filings. Morgan Stanley also boosted its dividend to 92.5 cents a share from the current 85 cents, according to a filing. ...

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