Giant banks boost dividends after passing Fed stress test

On Friday, five of the largest banks in the United States declared their intention to distribute more funds to their shareholders.

This decision comes after successfully clearing the Federal Reserve stress tests earlier in the week, serving as a demonstration of their robustness and further emphasizing the gap between these industry behemoths and smaller regional competitors.

The banks in question, namely JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, and Citigroup, have all unveiled their plans to increase their quarterly dividends, Yahoo Finance reported.

READ MORE: https://finance.yahoo.com/news/giant-banks-boost-dividends-after-passing-fed-stress-test-112815272.html

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