Markets
Wednesday, 6/24, 09:48 PM
Big Banks Move to Raise Dividends and Buy Back Stock After Clearing Fed Stress Test
- A day after all 32 of the largest U.S.
- banks passed the Federal Reserve's annual stress test, JPMorgan Chase, Goldman Sachs, Morgan Stanley and Wells Fargo moved to return more capital to shareholders — led by a $50 billion buyback at JPMorgan and dividend increases across the group.