June 29, 2018 / 2:30 PM / 22 days ago

FACTBOX-U.S. banks announce buybacks, dividend hikes after stress test results

    June 29 (Reuters) - Several U.S. banks announced share
buybacks and dividend hikes after the Federal Reserve approved
their capital plans following an annual stress test used by the
central bank to evaluate capital planning abilities.
    Capital plans of household names such as JPMorgan Chase & Co
, Citigroup Inc, Bank of America Corp and
Wells Fargo & Co, as well as major regional lenders like
Capital One Financial Corp and PNC Financial Services
Group Inc were approved by the Fed on Thursday.
    German lender Deutsche Bank AG's U.S. subsidiary
was the only one to fail the test due to "widespread and
critical deficiencies" in the bank's capital planning controls.

    The Fed also placed conditions on three banks - Goldman
Sachs Group Inc, Morgan Stanley and State Street
Corp - that passed the test
    Following is a list of banks that have announced share
buyback and dividend hikes after the stress test results: 
    
 Company         RIC       Dividend/shr       Buyback raised 
                           raised             
 Wells Fargo               To $0.43 from      Up to $24.5 bln
                           $0.39              
 JPMorgan Chase            To $0.80 from      Up to $20.7 bln
 & Co                      $0.56              
 Goldman Sachs             To $0.85 from      Up to $5.0 bln 
                           $0.80              
 Citigroup                 To $0.45 from      Up to $17.6 bln
                           $0.32              
 Morgan Stanley            To $0.30 from      Up to $4.7 bln
                           $0.25              
 Bank Of                   By 25 pct to       Up to $20.6 bln
 America                   $0.15              
 Keycorp                   Up to $0.17 from   Up to $1.23 bln
                           $0.12              
 Citizens                  To $0.27 from      Up to $1.02 bln
 Financial                 $0.22              
 Group                                        
 Capital One               Maintains at       Up to $1.2 bln
 Financial Corp            $0.40              
 Regions                   To $0.14 from      Up to $2.03 bln 
 Financial Corp            $0.09              
 BB&T Corp                 To $0.405 from     Up to $1.7 bln
                           $0.03              
 Discover                  To $0.40 from      Up to $1.85 bln
 Financial                 $0.35              
 Services                                     
 Fifth Third               To $0.22 from      Up to $1.66 bln
 Bancorp                   $0.18              
 M&T Bank                  By up to $0.20     Up to $1.8 bln
 BNY Mellon                To $0.28 from      Up to $2.4 bln
                           $0.24              
 Huntington                By 27 pct to       Up to $1.07 bln
 Bancshares                $0.14              
 U.S. Bancorp              By 23 pct to       Up to $3.0 bln
                           $0.37              
 State Street              To $0.47  from     Up to $1.2 bln
 Corp                      $0.42              
 SunTrust Banks            To $0.50 from      Up to $2.0 bln
 Inc                       $0.40              
 PNC Financial             To $0.95 from      Up to $2.0 bln
 Services Group            $0.75              
 Inc                                          
 Northern Trust            To $0.55 from      Up to $1 bln
 Corp                      $0.42              
 
 (Reporting by Savio D'Souza, Shreyashi Sanyal and Diptendu
Lahiri in Bengaluru; Editing by Sweta Singh)
  
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