In post-market trading, several Wall Street banks have announced an increase in quarterly dividends and buyback plans. According to statistics, 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%; Citi plans to increase its quarterly dividend from $0.53 to $0.56 per share; JPMorgan plans to increase its quarterly dividend from $1.15 per share to $1.25 per share while planning to buy back up to $30 billion in stocks; Morgan Stanley plans to increase its quarterly dividend from $0.85 per share to $0.925 per share and reauthorize the purchase of up to $20 billion in stocks; and Wells Fargo & Co. is expected to raise its third quarter dividends to $0.40 per share.
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Multiple major Wall Street banks have announced an increase in dividends and stock buybacks.
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