WFC Nov 2024 67.500 put
- Yahoo Finance Video
Market trends, presidential debate, bank dividends: Asking for a Trend
Friday was another big day on Wall Street, with major indexes (^DJI,^GSPC, ^IXIC) closing slightly lower for the day. One of the big topics of discussion was the presidential debate. President Joe Biden's poor performance has some Democrats calling for him to drop out of the race, Axios national political correspondent Alex Thompson talks about what's next for Biden and why First Lady Jill Biden plays a pivotal role. A number of big banks, including JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) announced they will raise their dividends after passing the Federal Reserve's bank stress test. The 2024 Summer Olympics are right around the corner. Arctic Wolf CEO and president Nick Schneider shares his insight into the preparations being made to prevent cyberattacks from impacting the games. For more expert insight and the latest market action, click here.
- 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.
