JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

JPMorgan Chase and Morgan Stanley said Friday that they were boosting some dividend payouts and stock repurchases, portion rivals Citigroup and Bank of America made much humble announcements.

JPMorgan, the biggest U.S. slope by assets, said it was raising its quarterly dividend 8.7% to $1.25 per stock and that it authorized a caller $30 cardinal stock repurchase program.

Morgan Stanley, a ascendant subordinate successful wealthiness management, said it was boosting its dividend 8.8% to 92.5 cents per stock and authorized a $20 cardinal repurchase plan.

Citigroup said it was raising its dividend 5.7% to 56 cents per stock and that it would "continue to measure stock repurchases" connected a quarterly basis.

Bank of America said it was expanding its dividend 8% to 26 cents per share. Its merchandise made nary notation of stock repurchases.

The large banks announced their plans to boost superior instrumentality to shareholders aft passing the yearly accent trial administered by the Federal Reserve this week. While each 31 banks successful this year's exam showed regulators they could withstand a terrible hypothetical recession, JPMorgan said Wednesday that it could person higher losses than the Fed initially found.

Still, that would not impact its capital-return plan, the New York-based slope said Friday.

"The spot of our institution allows america to continually put successful gathering our businesses for the future, wage a sustainable dividend, and instrumentality immoderate remaining excess superior to our shareholders arsenic we spot fit," JPMorgan CEO Jamie Dimon said successful his company's release.

JPMorgan's dividend summation was its 2nd this year, Dimon noted.