Daily News: March 17, 2014

Bloomberg: U.S. Banks’ $75B Payout at Stake in Fed Tests

Bloomberg reported the biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors, as the Federal Reserve completes stress tests of their ability to survive new economic calamities.

According to analysts’ estimates compiled by Bloomberg , Wells Fargo and JPMorgan Chase would lead a 69% increase in dividends and stock buybacks over the next 12 months, after the central bank releases results of its annual tests on March 20 and March 26, assuming the companies pass.

To read the entire Bloomberg article, click here.