By Saeed Azhar, Tatiana Bautzer and Nupur Anand
NEW YORK (Reuters) -U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their dividends on Friday after sailing through the Federal Reserve’s annual health check, which showed they have enough capital to weather a severe economic downturn.
JPMorgan, the biggest U.S.
bank by assets, intends to increase its quarterly stock dividend to $1.05 per share, from $1.00 for the third quarter, while Wells Fargo will boost its dividend in the same period to 35 cents a share from 30 cents, the companies said.
Goldman Sachs’ dividend will rise to $2.75 a share from $2.50, while Morgan Stanley’s will increase to 85 cents share from the current 77.5 cents.
(Reporting by Saeed Azhar, Nupur Anand and Tatiana Bautzer; Editing by Michelle Price, Lananh Nguyen, Richard Chang and Diane Craft)
