Many also touted the results of their regulatory exams, which the Fed released on Wednesday after assessing whether 23 institutions would be able to withstand a severe global recession characterized by 10% unemployment and a 45% stock market plunge.īanks weren't allowed to return any cash to shareholders until they received a passing grade. Goldman's was the largest and Citigroup's was the smallest. JPMorgan Chase ( JPM) Wells Fargo ( WFC), Goldman Sachs ( GS), Morgan Stanley ( MS) and Citigroup ( C) each announced plans to raise their quarterly dividends, with the increases ranging from 2 cents to 25 cents. Five of the biggest US banks said Friday they will return more cash to shareholders after passing their Federal Reserve stress tests earlier in the week, a show of strength that reinforces the divide between the industry's giants and smaller regional rivals.
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