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Several major Wall Street banks have announced increases in dividends and buybacks
Jinshi data news on June 29th, after the U.S. stock market, several Wall Street banks successively announced plans to increase quarterly dividends and buyback programs. According to Jinshi data statistics as of the time of publication, Bank of America plans to increase the quarterly dividend by 8%, from $0.24 per share to $0.26 per share; Daiwa Bank plans to increase the dividend by 10%; Citi plans to increase the quarterly dividend from 53 cents to 56 cents per share; JPMorgan plans to increase the quarterly dividend from $1.15 per share to $1.25 per share, and intends to repurchase up to $30 billion in stock; Morgan Stanley plans to increase the quarterly dividend from 85 cents per share to 92.5 cents per share, and intends to reauthorize the repurchase of up to $20 billion in stock; Wells Fargo is expected to increase the third quarter dividend to 40 cents per share.