A number of Wall Street banks are set to raise their dividends after passing the Federal Reserve's annual stress tests. JPMorgan Chase plans to raise its quarterly dividend from $1.40 to $1.50 a share. JPMorgan approves a new $50 billion common share buyback program. Morgan Stanley plans to raise its quarterly dividend from 92.5 cents to $1 a share. Wells Fargo plans to raise its dividend by 12.5% to 45 cents a share.
A number of top Wall Street banks are optimistic about the development prospects of the crypto industry during Trump's potential term, and are actively adjusting their strategic layout of cryptocurrency businesses. Morgan Stanley is courting potential IPO clients, Bank of America executives are discussing advancing digital asset company transactions, and Royal Bank of Canada plans to expand its business scope after completing its first crypto business. Currently, a number of crypto companies suc...
Due to the cold non-farm data, a number of Wall Street investment banks adjusted the Federal Reserve's interest rate cut forecast, including: Goldman Sachs: Increase the expectation that the Federal Reserve will cut interest rates by 25 basis points this year to three times, and do not rule out a 50 basis point cut in September. Citi: The Federal Reserve will cut interest rates by 50/50/25 basis points in September, November and December, compared with previous expectations of 25 basis points. 3...