Major U.S. Banks Boost Dividends Following Strong Performance in Fed's Stress Test

Friday, 28 June 2024, 20:59

Key U.S. banking giants have announced significant increases in dividends for the third quarter after demonstrating resilience against economic challenges in the Federal Reserve's annual stress test. JPMorgan Chase leads with a dividend raise to $1.25 per share, followed by Bank of America at 26 cents per share and Citigroup at 56 cents per share. This move reflects confidence in the banks' capital positions and ability to navigate market volatility, showcasing a positive outlook for investors.

Yahoo Finance — Major U.S. Banks Boost Dividends Following Strong Performance in Fed's Stress Test

U.S. Banks Dividend Increase:

Top U.S. banking giants have raised their dividends for the third quarter, signaling strength post Federal Reserve's stress test.

Dividend Hikes:

JPMorgan Chase raises dividend to $1.25 from $1.15 per share
Bank of America increases dividend to 26 cents from 24 cents per share
Citigroup raises dividend to 56 cents from 53 cents per share

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

U.S. Banks Dividend Increase:

Dividend Hikes:

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