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Morgan Stanley, Bank of America raise dividends, JPMorgan keeps flat

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Posted on June 27, 2022
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BANGALORE — Morgan Stanley and Bank of America said on Monday they are hiking their dividends, while JPMorgan & 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. (Reporting by Carolina Mandl Editing by Chris Reese)

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