Banks increase dividends after Fed stress test results
State Street Corporation STT | 0.00 | |
Citigroup Inc. C | 0.00 | |
Bank of America Corp BAC | 0.00 | |
Morgan Stanley MS | 0.00 | |
Jpmorgan Chase JPM | 0.00 |
NEW YORK, June 25 (Reuters) - Banks announced increased dividends and some announced new share buy-back programs on Wednesday, after the Federal Reserve released results of its stress test.
Citigroup C.N will increase its quarterly dividend 12% to 67 cents and keep its multi-year $30 billion common stock repurchase program
Goldman Sachs' GS.N common dividend will rise 11%, to $5.00 per share from $4.50, beginning next month
Bank of America BAC.N said it will define its quarterly dividend after a board meeting next month and is keeping its $40 billion stock repurchase program
JPMorgan Chase & Co JPM.N intends to increase its quarterly dividend to $1.65 per share from $1.50 and announced a new $50 billion common share repurchase program
Morgan Stanley MS.N will increase its dividend by 15% to $1.15 per share, and its board authorized a multi-year $20 billion common equity share repurchase program