06-27-2019, 03:57 PM
The Federal Reserve board didn't object to any of the 18 largest U.S. banks' capital plans.
Bank of America's (NYSE:BAC) board approves $30.9B in shares buybacks and plans a 20% increase in its quarterly dividend to 18 cents per share.
Capital One (NYSE:COF) expects to keep its quarterly dividend of 40 cents per share and its board authorized the repurchase of up to $2.2B of shares starting in Q3 2019 through the end of Q2 2020.
Citi (NYSE:C) plans to boost its quarterly stock dividend to 51 cents from 45 cents and buy back up to $17.1B of stock during the four quarters starting Q3 2019; these planned capital actions total $21.5B over the four quarters.
https://seekingalpha.com/news/3474468-bo...-post-ccar
Bank of America's (NYSE:BAC) board approves $30.9B in shares buybacks and plans a 20% increase in its quarterly dividend to 18 cents per share.
Capital One (NYSE:COF) expects to keep its quarterly dividend of 40 cents per share and its board authorized the repurchase of up to $2.2B of shares starting in Q3 2019 through the end of Q2 2020.
Citi (NYSE:C) plans to boost its quarterly stock dividend to 51 cents from 45 cents and buy back up to $17.1B of stock during the four quarters starting Q3 2019; these planned capital actions total $21.5B over the four quarters.
https://seekingalpha.com/news/3474468-bo...-post-ccar