- June 29, 2021
- Posted by: Stratford Team
- Category: Business
Bank of America chairman and CEO Brian Moynihan, in an exclusive interview with FOX Business’ Maria Bartiromo, said that he expects to increase dividends and share buybacks given ‘shareholders ought to benefit’ from the bank’s profitability.
Several major American banks announced dividend boosts on Monday, days after the Federal Reserve declared all big lenders passed their stress tests and said the heightened restrictions imposed due to COVID-19 would be lifted.
JPMorgan Chase, Bank of America, Wells Fargo and several other large U.S. lending institutions now plan to return billions to their shareholders over the next year.
Ticker Security Last Change Change %JPM JPMORGAN CHASE & CO. 154.33 +0.28 +0.18%WFC WELLS FARGO & CO. 45.79 -0.59 -1.27%BAC BANK OF AMERICA CORP. 41.56 -0.06 -0.14%
JPMORGAN BUYS STAKE IN ROBERT KRAFT’S SPORTS-DATA COMPANY
Last week, the Fed reported that 27 of the nation’s largest banks passed the stress test with flying…
