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Banks hike dividends, buybacks after Fed stress test

Several banks introduced plans to return capital to shareholders late Thursday after the Federal Reserve released results of its annual rigidity test. J.P. Morgan Chase & Co. JPM, +1.64% stated it is going to build up its quarterly dividend to 80 cents a proportion from 56 cents a proportion and buy back up to $20.7 billion in stock. American Express Co. AXP, +Zero.01% will hike its quarterly dividend 11% to 39 cents a proportion and buy back up to $three.4 billion in stocks. Citigroup Inc. C, +2.17% stated it is going to build up its quarterly dividend to 45 cents a proportion from 32 cents a proportion and buy back up to $17.6 billion in stocks. Wells Fargo & Co. WFC, +Zero.66% stated it is going to build up its quarterly dividend to 43 cents from 39 cents a proportion and buy back up to $24.five billion in stock. Bank of America Corp. BAC, +1.52% stated it is going to build up its quarterly dividend by way of 25% to 15 cents a proportion and buy back up to $20.6 billion in stocks. Fifth Third Bancorp FITB, -Zero.03% greater its quarterly dividend to 22 cents a proportion from 18 cents a proportion, and stated it might purchase back up to $1.65 billion in stocks. Regions Financial Corp. RF, +Zero.73% is climbing its quarterly dividend to 14 cents a proportion and buy back up to $2.03 billion in stocks. Huntington Bancshares Inc. HBAN, +Zero.07% will hike its quarterly dividend 25% to 14 cents a proportion and introduced up to $1.07 billion in buybacks. Capital One Financial Corp. COF, +Zero.13% will keep its quarterly dividend at 40 cents a proportion and buy back up to $1.2 billion in stocks. KeyCorp KEY, +Zero.31% hiked its quarterly dividend 42% to 17 cents a proportion and introduced up to $1.23 billion in buybacks. State Street Corp. STT, +Zero.29% will raise its quarterly dividend to 47 cents from 42 cents a proportion and buy back up to $1.2 billion in stock. PNC Financial Services Group Inc. PNC, +Zero.20% stated it is going to hike its quarterly dividend by way of 27% to 95 cents a proportion and buy back up to $2 billion in stock. The Fed rejected the capital plan of the U.S. arm of Deutsche Bank DB, +Zero.87% and restricted the capital plans of Goldman Sachs Group Inc. GS, +1.47% and Morgan Stanley MS, +2.33% Morgan Stanley stated it is going to hike its quarterly dividend to 30 cents from 25 cents a proportion and buy back up to $4.7 billion in stock.