WFC Sep 2024 55.000 put
- Yahoo Finance Video
JPMorgan, Citi, BofA, Wells Fargo all boost dividends
Some of the biggest banks in the United States announced plans to increase their dividends after passing the latest Federal Reserve stress test. JPMorgan Chase (JPM) is raising its dividend to $1.25 per share from $1.15. The bank's board also authorized a $30 billion share repurchase plan. Bank of America (BAC) is boosting its dividend to $0.26/share from $0.24, Citigroup's (C) dividend is going to $0.56/share from $0.53, and Wells Fargo's (WFC) dividend rises to $0.40 from $0.35. Yahoo Finance anchor Julie Hyman breaks down the numbers in the video above. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
- Business Wire
Wells Fargo Issues Statement Regarding the Federal Reserve’s Stress Test Results and Intention to Raise Dividend by 14%
SAN FRANCISCO, June 28, 2024--Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2024 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Company expects its stress capital buffer (SCB) to be 3.8%, which represents a percentage amount of incremental capital the Company must hold above its minimum regulatory capital requirements. The Federal Reserve Board (FRB) has indicated that it will publish the Company’s final SCB by August 31, 2024.
- ACCESSWIRE
Wells Fargo Foundation Awards $500,000 to Five D.C.-Area Housing Nonprofits in Honor of National Homeownership Month
The new grants will help provide housing counseling and services to potential homebuyers in the Greater Washington, D.C., region WASHINGTON, DC / ACCESSWIRE / June 27, 2024 / In recognition of National Homeownership Month, the Wells Fargo Foundation ...
