Closed-End Fund Commentaries
Jun 29, 2017
Click here to access The Big Banks Just Got The Green Light To Boost Their Dividend Payouts
View from the Observation Deck
1. Today’s blog post comes on the heels of the news that all 34 banks subjected to the Federal Reserve’s annual stress testing process all passed, meaning they had sufficient capital to withstand a massive financial shock and deep recession, as well as the wherewithal to return more capital to shareholders via dividend increases and stock buybacks.
2. It was the first time since the annual tests began in 2011 that all of the financial institutions received passing grades, according to The Wall StreetJournal.