US banks announce big shareholder payouts as Fed eases stress tests

Wall Street’s major banks, including JPMorgan and Goldman Sachs, announced significant shareholder payouts after passing relaxed regulatory stress tests, reflecting a less stringent banking environment post-2008 financial crisis. JPMorgan plans a $50 billion share buyback and increases its dividend to $1.50 per share, while Goldman raises its dividend by 33% to $4, marking a shift towards increased capital returns to shareholders.