By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
24x7Report24x7Report
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
Search
© 2023 News.24x7report.com - All Rights Reserved.
Reading: Bank of America raises dividend 9% after Fed stress test
Share
Notification Show More
Aa
24x7Report24x7Report
Aa
Search
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
  • en English
    • en English
    • id Indonesian
    • ms Malay
    • es Spanish
Follow US
© 2023 News.24x7report.com - All Rights Reserved.
24x7Report > Blog > Finance > Bank of America raises dividend 9% after Fed stress test
Finance

Bank of America raises dividend 9% after Fed stress test

Last updated: 2023/07/06 at 12:45 AM
Share
2 Min Read
Bank of America raises dividend 9% after Fed stress test
SHARE

NEW YORK (Reuters) – Financial institution of America (BofA) mentioned on Wednesday it deliberate to lift its quarterly dividend in frequent inventory from 22 cents per share beginning within the third quarter of 2023 to 24 cents per share.

BofA, not like different main US banks, had postponed a dividend choice final week. Rivals JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley raised their third-quarter dividends on Friday after passing the Federal Reserve’s stress check.

BofA had engaged in a dialogue with the Fed to know the differing outcomes between the central financial institution’s stress check and people of the businesses underneath the Dodd-Frank Act.

BofA, the second-largest U.S. financial institution, mentioned on Wednesday that talks are nonetheless ongoing.

The Fed’s annual check discovered that main lenders, together with BofA, have sufficient capital to climate a critical financial stoop, paving the way in which for inventory buybacks and dividends.

Final 12 months, BofA raised its dividend to 22 cents per share, the very best degree because the 32 cents paid in 2008 and up from 21 cents in 2021.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru and Saeed Azhar in New York; enhancing by Shailesh Kuber and Jamie Freed)

See also  Stock market should 'right size' expectations for Fed pause, strategist says

You Might Also Like

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

How China’s Companies Are Responding to the US Trade War

The US Flip-flop Over H20 Chip Restrictions 

TAGGED: America, bank, Dividend, Fed, raises, Stress, Test

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Asian Synthetic Drug Trade Continues to Surge, UN Says The Asian trade in synthetic drugs continues to rise, says the UN
Next Article Colorado Parks and Wildlife rescues injured bald eagle on July 4 Colorado Parks and Wildlife rescues injured bald eagle on July 4

Stay Connected

1.30M Followers Like
311 Followers Pin
766 Followers Follow

Latest News

From Acne Scars to Self-Love: How Microneedling Rewrote My Skin Journey
Beauty May 28, 2025
Everything You Need to Know About Root Canal Treatment
Beauty May 27, 2025
RF Microneedling Austin: Top Choice for Skin Tightening
Beauty May 24, 2025
How Can IPL Photofacial Treatments Address Sun Damage: A Comprehensive Guide
Beauty May 23, 2025
How Porcelain Veneers Can Boost Your Confidence And Style
Beauty May 22, 2025
//

This is your World, Finance, Fitness, Fashion  Sports  website. We provide the latest breaking news straight from the News industry.

Quick Link

  • Contact
  • Privacy Policy
  • Terms & Conditions

Top Categories

  • Fashion
  • Finance
  • Fitness
  • Gadgets
  • Travel

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
24x7Report24x7Report
Follow US

© 2023 24x7Report.com - All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?