! ! Breaking news ! !
! ! Breaking news ! !
Several large banks in the United States have announced dividend increases. Previously, these banks have successfully passed the Federal Reserve's annual stress test.
Large financial institutions such as JPMorgan Chase and Bank of America have increased their dividend amounts.
Just two days ago, the regulatory agency's assessment results showed that the 31 banks participating in the test were able to maintain sufficient capital to cope with the potential pressure brought by the economic recession.
In addition, banks that increased dividends also include Citigroup, Wells Fargo and Morgan Stanley.
At the same time, JPMorgan Chase and Morgan Stanley have also obtained approval to implement a stock repurchase plan of tens of billions of dollars.
The Federal Reserve requires these banks to disclose relevant information after the market closes on Friday, aiming to ensure that each company and investors have sufficient time to carefully digest and deeply understand these important results.
Specifically, JPMorgan Chase publicly announced that it would repurchase no more than $30 billion of its shares, and Morgan Stanley also reauthorized a repurchase plan of no more than $20 billion.
These measures not only demonstrate the banks' firm confidence in their own financial situation, but also send a very positive signal to the market.
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