Some of the biggest banks in the United States announced plans to increase their dividends after passing the latest Federal Reserve stress test. JPMorgan...
America's biggest banks, unveiling capital plans after the results of the stress test earlier this week.Basically what we have now are all of the big banks letting us know what their dividends will be and what their stock buyback plans will be.
It's a gain of about 14% of for that company, and then you also have B of a Bank of America which is also raising its dividend as part of this to 26 cents a share from 24 cents a share.The banks have to go through this stress testing from the Federal Reserve.As you know, that made sure that the banks had adequate capital in the event of an emergency.Would they have enough capital to cover their losses?So that is where we're at.So I just mentioned a few of them.
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