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Bank of America to Raise Dividend by 8% After Stress Test
Bank of America said it plans to raise its quarterly stock dividend to 28 cents a share after a stress test showed improvement in the bank's modeled capital depletion. The Charlotte company said the new dividend is subject to board approval and would be raised starting in the third quarter.
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.28 Per Share
Bank of America today commented on the results of the Federal Reserve's 2025 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.
Other heavyweights followed. Bank of America bumped its payout 8% to 28 cents, Wells Fargo moved from 40 to 45 cents, ...
With the Federal Reserve giving major financial institutions high marks in its annual stress tests, several large banks ...
JPMorgan Chase, the nation's largest bank, raised its dividend to $1.50 a share from $1.40, according to a regulatory filing. It also announced a new $50 billion share repurchase program, effective on ...
Benzinga on MSN23h
Fed Stress Test Signals Bank Resilience, Paves Way For Billions In Capital Returns To ShareholdersShares of major U.S. banks rose Monday morning after all 22 institutions passed the Federal Reserve’s annual stress test, ...
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