Four big U.S. banks raise dividends after stress tests

(C) Reuters. A person walks past a Bank of America sign in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Carlo Allegri

BANGALORE (Reuters) – Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC) said on Monday they are hiking their dividends, while JPMorgan (NYSE:JPM) & 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.

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