Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Morgan Stanley, Goldman Sachs, Wells Fargo, and Bank of America to Raise Their Dividends After the Federal Reserve’s Annual Stress Test.

The dividend of Goldman Sachs (NYSE: GS) will be increased from $2 to $2.50 per share. We will continue to dynamically manage capital and remain well-positioned to service customers,” CEO David Solomon said in a regulatory filing on Monday.

According to a press release, Morgan Stanley (MS) has authorized a $20 billion share repurchase program and aims to enhance shareholder payouts by 11% to 77.5 cents per share.

BAC and WFC have both increased their quarterly dividends to 22 cents and 30 cents, respectively, from the previous 22 cents and 30 cents.

In Tuesday’s premarket trade, Goldman Sachs shares gained 1.4%. Shares of Morgan Stanley, Bank of America, and Wells Fargo were all up more than one percent.

In view of “greater future capital needs,” JPMorgan & Chase (JPM) plans to keep its quarterly dividend at $1 per share. “In a variety of stressful situations,” Citigroup (C) says it can retain its 51-cent dividend.

For the first time since 2007, this year’s Fed’s annual bank stress test featured a worldwide recession scenario that includes growing unemployment, falling commercial real estate values, and a dramatic slide in stock prices. The findings of this year’s test were announced on Thursday.

Despite an estimated $612 billion in losses, “all banks tested were over their minimum capital requirements,” the Federal Reserve stated in a statement. By the Fed’s estimations, the banks’ capital ratios would fall to 9.7 percent, which is more than twice the minimal requirements.

The post Morgan Stanley, Goldman Sachs, Wells Fargo, and Bank of America to Raise Their Dividends After the Federal Reserve’s Annual Stress Test. appeared first on Best Stocks.

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