3 Bank Stocks Hiking Their Dividends at Least 10%
Recently, the largest and most complex banks in the U.S. passed the Federal Reserve's annual stress testing exercise with ease.
Stress testing puts banks through a hypothetical severe economic downturn to see how their balance sheets would fare. The goal is to make sure banks can sustain significant losses and still continue to lend during a difficult economic period. Stress testing also helps determine bank capital requirements.
Following the release of stress testing results, several banks announced dividend increases. Here are three banks planning to raise their dividends by at least 10%.
Source Fool.com
