Goldman (GS) & Others Boost Payouts Following Stress Test
GSGoldman Sachs(GS) ZACKS·2024-07-02 17:11

Following the clearing of the Federal Reserve's 2024 Stress Test, the biggest U.S. banks took turns returning excess capital to shareholders through dividends and share repurchases.Last week, the Fed reported that all 31 banks successfully weathered this year’s stress test. The test evaluates the capacity of the biggest U.S. banks to withstand a significant economic downturn. It is used to determine the most recent minimum capital requirements, which are meant to cushion possible losses.Goldman Sachs Group ...