The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the Federal Reserve completes stress tests of their ability to survive new economic calamities.
Wells Fargo and JPMorgan Chase would lead a 69 percent increase in dividends and stock buybacks over the next 12 months after the central bank releases results of its annual tests on Thursday and March 26, according to analysts’ estimates compiled by Bloomberg. That’s assuming the companies pass, which some of the analysts say is less than assured.
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