Morgan Stanley (MS-PF)
- TheStreet.com
This Bank Passes the Stress Test and It Pays Dividends
Following the results of the latest bank stress tests, better known as CCAR 2022, last night Morgan Stanley announced both an 11% dividend hike as well as new multi-year stock repurchase program that has no expiration date and could span up to $20 billion. In the recent past we've seen banks and related financial institutions that have passed the stress tests announce similar events and following four quarters of its most recent dividend, Morgan's dividend hike isn't that much of a surprise. Given the implied understanding that dividends are expected by shareholders to be paid for the long-term, we see this dividend as well as the significant increase in the last one to $0.70 per share per quarter from the prior $0.35 per share per quarter one, being enabled by the company's increasing fixed fee businesses and growing assets under management (AUM).
- Investopedia
Big Banks Announce Dividend Plans
Several of the nation's largest banks have announced plans to boost dividends, with Morgan Stanley, Goldman Sachs, Bank of America, and Wells Fargo among those increasing dividends
- Barrons.com
Goldman Sachs and 3 Other Bank Stocks Boost Dividends
Morgan Stanley Goldman Sachs Wells Fargo and Bank of America said they would raise their dividends after the Federal Reserve gave the banks a clean bill of health in its annual stress test, saying they could withstand a severe economic recession. Goldman Sachs (ticker: GS) said it would increase its dividend to $2.50 a share from $2. “We will continue to dynamically manage capital and remain well positioned to support our clients,” Chief Executive David Solomon said in a regulatory filing on Monday.
