The largest U.S. banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession.
Four of the six biggest banks boosted their dividend payments on Monday. The collective 15% increase in payouts is relatively muted compared with last year, when the banks raised dividends by 40%. Several banks also outlined plans to buy back their own stock.
Source: https://www.wsj.com/articles/goldman-sachs-and-wells-fargo-boost-shareholder-payouts-11656367062?siteid=yhoof2&yptr=yahoo