The largest U.S. banks said they would boost payouts to shareholders after the Federal Reserve affirmed theyFive of the six largest banks lifted their dividends on Monday, collectively raising the per-share payouts 40% from levels they held steady or cut during the coronavirus-induced economic collapse. They also committedMorgan Stanley led the way, doubling its quarterly dividend to 70 cents a share and announcing plans to buy back up to $12 billion of its stock in the next 12 months.
Citigroup Inc. was the lone megabank not to increase its dividend, keeping it unchanged at 51 cents but leaving the door open for an increase. It didn’t announce a new buyback plan. Its stock, already trailing the other big bank gains this year, fell after hours nearly 1%. The Fed last week said 23 of the largest banks had adequate capital to withstand a crisis, a necessary hurdle for banks to pass to return money to shareholders. The central bank had restricted shareholder payouts during the pandemic, asking banks to preserve capital in case the recession led to a wave of soured loans.
Eventually they will be in trouble and ask for bailout. What a system. First declare that we are in trouble and get free money , and then declare everything is fine and distribute the money to stake holders, then again declare they are trouble and ask for bailouts.
If you won't implement basic guaranteed income you pushing people to bloody revolution. Poor will hunt rich sooner or later. Wait for it. History will repeat itself like always.
Superb. Rich will become richer. Hahaha 🤦♂️ Shares are more and more expensive because of QE helicopter money. So basically you giving money to those that already have it too much 🤦♂️ Modern economy is Elysium for rich only, those who can afford to invest in expensive shares!
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