Finally CCAR results are in and my banks passed.
BAC announcing 25% dividend increase and 20 billion share buyback over the next 4 quarters
Quote:
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JPMorgan Chase’s Board of Directors intends to increase the quarterly common stock dividend to $0.80 per share (up from the current $0.56 per share), effective the third quarter of 2018 and has authorized gross common equity repurchases of up to $20.7 billion between July 1, 2018 and June 30, 2019 under a new common equity repurchase program.
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Today was a good day!