US banks raise quarterly dividends
2024-06-28 20:50:55
State Street plans to raise its dividend by 10 per cent; Bank of America plans to raise its quarterly dividend from $0.24 to $0.26; Citi plans to raise its quarterly dividend from $0.53 to $0.56 per share; JPMorgan Chase plans to raise its quarterly dividend from $1.15 to $1.25 per share; Morgan Stanley plans to raise its quarterly dividend from $0.85 to $0.925 per share; Wells Fargo is expected to raise its third-quarter dividend to $0.40 per share. JPMorgan has authorized a new buyback program to buy back up to $30 billion of shares.
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