Top U.S. banks raise dividends after sailing through Fed stress tests
newscatcher
2023-07-03 02:32
Top U.S. banks raise dividends after sailing through Fed stress tests
FILE PHOTO: Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. REUTERS/File Photo NEW YORK  – U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve's annual health check, which showed they have enough capital to weather a severe economic downturn. JPMorgan, the biggest U.S. lender, plans to increase its quarterly stock dividend to $1.

https://business.inquirer.net/408192/top-u-s-banks-raise-dividends-after-sailing-through-fed-stress-tests

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