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Market Chatter: Wall Street's Biggest Banks Deliver $100 Billion to Shareholders Via Share Buybacks, Dividends in 2024
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Market Chatter: Wall Street's Biggest Banks Deliver $100 Billion to Shareholders Via Share Buybacks, Dividends in 2024
Jan 16, 2025 3:10 PM

05:45 PM EST, 01/16/2025 (MT Newswires) -- The six largest US banks delivered more than $100 billion to shareholders last year via dividends and share buybacks, the most since 2021, Bloomberg reported Thursday, citing data it compiled.

Top executives expect to offer more payouts in 2025, the news report said.

Citigroup ( C ) , which has been investing in risk management and controls, now has a $20 billion buyback plan to return cash to shareholders, while JPMorgan Chase ( JPM ) Chief Financial Officer Jeremy Barnum said the bank has plenty of excess capital, Bloomberg reported.

In 2022, tough Federal Reserve stress tests triggered the brakes for banks, and worries about tighter capital rules came to the fore in 2023, the news report added. The picture ahead looks rosy given the lighter touch regulation expected from the incoming Trump administration.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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