Jun 28, 2022 07:04 AM (GMT+8) · EqualOcean
After successfully passing this year's stress test, major U.S. banks led by Morgan Stanley and Goldman Sachs have raised dividends and stock buybacks. According to Monday's announcement, Goldman Sachs plans to raise its quarterly dividend by 25%, from $2 to $2.50 per share. Morgan Stanley raised its quarterly dividend to 77.5 cents a share from 70 cents. "Our customer-oriented strategy will continue to diversify the company's business and bring stronger returns," David Solomon, chairman and CEO of Goldman Sachs, said in a statement. "We will continue to dynamically manage capital and maintain a good position to support our customers."

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