Goldman Sachs and Wells Fargo Drive shareholder payouts

America’s biggest banks said they would increase payouts to shareholders after the Federal Reserve said banks could keep lending during a hypothetical severe recession.

Four of the six largest banks boosted their dividend payouts on Monday. The 15% increase in total payouts is relative to a year-over-year decline, when banks raised dividends by 40%. Some banks also outlined plans to buy back their own shares.

https://www.wsj.com/articles/goldman-sachs-and-wells-fargo-boost-shareholder-payouts-11656367062?mod=rss_markets_main Goldman Sachs and Wells Fargo Drive shareholder payouts

Luke Plunkett

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