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Wall Street banks hike shareholder payouts after Fed gives the green light


Wall Street banks hike shareholder payouts after Fed gives the green light
By David Henry and Niket Nishant
Reuters
(Reuters) -Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual stress tests last week.
Analysts and investors had expected https://www.reuters.com/business/us-fed-bank-stress-tests-pave-way-stock-buyback-dividend-bonanza-2021-06-22 the country s largest lenders to start issuing as much as $130 billion in dividends and stock buybacks from next month after the Fed last week ended emergency pandemic-era restrictions on how much capital they could give back to investors. ....

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