JPMorgan Kicks Off $50B Buyback as Banks Lift Dividends After Fed Stress Test
JPMorgan unveiled a $50 billion share repurchase and raised its quarterly dividend 10% after passing the Federal Reserve's stress test; Goldman Sachs followed with an 11% dividend hike, while Wells Fargo and Morgan Stanley also boosted payouts, as the Fed confirmed banks remained well capitalized and kept capital requirements unchanged.