Citigroup Announces 5.7% Increase in Quarterly Dividend
Citigroup Inc. (NYSE: C) plans to increase its quarterly dividend by 5.7% to $0.56 per share, following the Federal Reserve stress test approval. The decrease in stress capital buffer requirement to 4.1% reflects Citigroup’s confidence in its financial standing, signaling a positive outlook for the company and potentially attracting more investors.
US Banks Excel in Federal Reserve Stress Tests, Demonstrating Resilience
Top US banks have successfully passed the Federal Reserve stress tests, showcasing their resilience and ability to withstand economic downturns. These tests evaluate banks’ capital adequacy and ability to continue lending in adverse scenarios, ensuring stability in the banking sector.