4.7 • 1.7K Ratings
🗓️ 29 June 2021
⏱️ 16 minutes
🧾️ Download transcript
After passing the Federal Reserve’s stress tests Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo, and JPMorgan Chase all raise their dividends. Asit Sharma analyzes what’s being the moves, as well as the latest quarterly results from office furniture-maker Herman Miller and financial software/services company FactSet.
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0:00.0 | It's Tuesday, June 29th. |
0:03.8 | Welcome to Marketflowery. |
0:05.0 | I'm Chris Hill with me today, Asad Sharma. |
0:07.5 | Thanks for being here. |
0:08.7 | Chris, thanks for having me really, really excited to be here |
0:11.8 | to talk to you this morning. |
0:13.6 | Well, we've got exciting topics like information data |
0:17.2 | and a return to work stock. |
0:19.3 | But we're going to start, we're going to start on Wall Street |
0:23.4 | because the story of the day is the big banks |
0:25.8 | because after passing the latest stress tests |
0:28.4 | from the Federal Reserve, most of the big banks |
0:31.6 | decided to celebrate by raising their dividends. |
0:34.8 | Goldman Sachs, Bank of America, JPMorgan Chase, Wells Fargo, |
0:39.6 | and Morgan Stanley, all raising their dividends |
0:42.8 | and those last two doubling their dividends. |
0:45.9 | City Group is the only one of the big six |
0:48.4 | to leave their dividend right where it is. |
0:53.3 | I guess we shouldn't be surprised. |
0:55.9 | But when this has happened in the past, |
0:58.1 | I don't recall it sort of happening |
1:00.2 | in this one fell swoop like this, |
... |
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