© Reuters. A person walks past a Bank of America sign in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Carlo Allegri
BANGALORE (Reuters) – Morgan Stanley (NYSE:) and Bank of America (NYSE:) said on Monday they are hiking their dividends, while JPMorgan (NYSE:) & Chase will keep theirs flat, after the U.S. Federal Reserve gave them a clean bill of health following their annual stress tests last week.
The central bank said on Thursday the country’s largest lenders could easily weather a severe economic downturn, paving the way for them to redistribute excess capital to shareholders.
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