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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.
Other heavyweights followed. Bank of America bumped its payout 8% to 28 cents, Wells Fargo moved from 40 to 45 cents, ...
Most U.S. banks raised their dividend payouts as top U.S. banks passed the Fed's stress test with strong capital. Play ETFs ...
Benzinga on MSN1d
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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