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Morgan Stanley, Bank of America, Ally, U.S. Bank release capital return plans

Published 06/28/2018, 05:17 PM
© Reuters.  Morgan Stanley, Bank of America, Ally, U.S. Bank release capital return plans
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  • Morgan Stanley (NYSE:MS) plans to boost its quarterly stock dividend to 30 cents a share from 25 cents and buy back up to $4.7B of stock in the four quarters starting Q3 2018.
  • Bank of America (NYSE:BAC) to increase quarterly stock dividend by 25% to 15 cents a share and is authorized to buy back about $20.6B in stock.
  • Ally (NYSE:ALLY) plans a 15% increase in its quarterly dividend to 15 cents a share from 13 cents and a 32% boost in its stock buyback program to up to $1.0B.
  • U.S. Bancorp (NYSE:USB) plans to recommend Q3 dividend of 37 cents a share, a 23% increase over its current dividend; board has approved a $3.0B stock buyback program.
  • Now read: Sand In My Shoes - My Very Late May Update


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