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Many major Wall Street banks have announced dividend increases + repurchases

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2024-06-29 04:46:12
On June 29th, after the US stock market closed, a number of major Wall Street banks have announced plans to increase quarterly dividends and repurchase plans. According to statistics before the issuance, Bank of America plans to increase its quarterly dividend by 8%, from $0.24 per share to $0.26 per share; State Street plans to increase its dividend by 10%; Citigroup plans to increase its quarterly dividend from 53 cents to 56 cents per share; JPMorgan Chase plans to increase its quarterly dividend from $1.15 to $1.25 per share, and plans to buy back no more than $30 billion of shares; Morgan Stanley plans to increase its quarterly dividend from 85 cents per share to 92.5 cents, and plans to reauthorize the repurchase of up to $20 billion of shares; Wells Fargo is expected to increase its third-quarter dividend to 40 cents per share.