Large Banks to be Conservative About Shareholder Payouts
CFGCitizens Financial (CFG) ZACKS·2024-06-25 21:25

The Federal Reserve is slated to announce its annual bank health check results on Jun 26. Also known as the ‘stress test,’ the results will show how much capital large banks need to withstand any renewed turmoil in the sector.This annual exercise will also dictate how much banks will return to shareholders through dividend payouts and share repurchases. Last year, some notable ones announcing a hike in quarterly dividends were JPMorgan (JPM) , Goldman Sachs (GS) , Wells Fargo and Morgan Stanley (MS) . Also, ...