JPMorgan, Wells Fargo and Morgan Stanley to improve dividends right after clearing Fed stress exam

Essential Factors

U.S financial institutions including JPMorgan Chase, Wells Fargo and Morgan Stanley explained Friday they prepare to elevate their quarterly dividends after clearing the Federal Reserve’s yearly tension test.
JPMorgan options to increase its payout to $1.05 a share from $1 a share starting off in the 3rd quarter, the New York-based financial institution explained in a statement.
Goldman Sachs declared the premier for every share strengthen among the major banking companies, even though Citigroup announced the smallest.

Supply

Finance

Stocks making the biggest moves midday: GXO Logistics, CarMax, Nvidia, Circle & more

June 20, 2025

Check out the companies making the biggest moves midday: GXO Logistics — The stock popped more than 11% after the supply chain and warehousing management firm raised its full-year earnings outlook. The company now sees EBITDA between $860 million and $880 million. GXO also appointed Patrick Kelleher as CEO, effective Aug. 19. CarMax — Shares […]

Finance

Fed Governor Waller says central bank could cut rates as early as July

June 20, 2025

Key Points Fed Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month. “If you’re starting to worry about the downside risk [to the] labor market, move now, don’t wait,” he said. Most Fed policymakers prefer a […]

Finance

Stocks making the biggest moves premarket: CarMax, Darden Restaurants, Accenture, GMS

June 20, 2025

Check out the companies making headlines before the bell: CarMax — Shares jumped 10% after CarMax reported first-quarter results that exceeded. Earnings of $1.38 per share on revenue of $7.55 billion exceeded an LSEG consensus of $1.16 in earnings per share and revenue of $7.52 billion. GMS — The specialty building products stock jumped 26% […]