Several major Wall Street banks will increase dividends."
Internet reports that after passing the Federal Reserve's annual stress test, a number of major Wall Street banks will increase dividends. JPMorgan Chase plans to increase its quarterly dividend to $1.50 per share from $1.40. JPMorgan Chase approves a new $50 billion common stock repurchase plan. Morgan Stanley plans to increase its quarterly dividend to $1 per share from 92.5 cents per share. Wells Fargo plans to increase its dividend by 12.5% to 45 cents per share.
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