Biggest US banks raise dividends and announce share buybacks after passing Federal Reserve stress test

From Yahoo Finance: 2025-07-01 17:31:00

U.S. banking giants like JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Goldman Sachs, and Citigroup plan to raise third-quarter dividends after passing the Federal Reserve’s stress test. JPMorgan increased its dividend to $1.50 a share and announced a $50 billion share repurchase program. The Fed found banks retained an average 11.6% ratio of common equity Tier 1 capital. The Fed is overhauling stress test methods, proposing results be averaged over two years for less volatility. JPMorgan’s CEO Jamie Dimon and Goldman Sachs’ CEO David Solomon support the Fed’s intention for a more transparent and fair approach to stress tests.



Read more at Yahoo Finance: Biggest US banks hike dividends, announce share buybacks after acing stress tests