US large banks raised dividends after passing the Federal Reserve's annual
stress tests, following gradual regulatory adjustments that have eased the test
hurdle. JP Morgan raised its quarterly dividend to $1.65 from $1.50 and approved
a $50 billion share buyback effective July 1. Wells Fargo raised its dividend to
$0.50 from $0.45. Morgan Stanley raised its dividend to $1.15 from $1.00.
Goldman Sachs raised its dividend to $5.00 from $4.50.
