Banks increase dividends after Fed stress test results

State Street Corporation
Citigroup Inc.
Bank of America Corp
Morgan Stanley
Jpmorgan Chase

State Street Corporation

STT

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Citigroup Inc.

C

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Bank of America Corp

BAC

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Morgan Stanley

MS

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Jpmorgan Chase

JPM

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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


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