Goldman Sachs Group Inc

NYSE:GSUnited States

Jun 28, 2024

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• DJ Bank of America, JPMorgan, Goldman Raise Investor Payouts Post-Stress Tests -- Barrons.com, from 7:23PM ET on Friday Jun 28, 2024 by Dow Jones

  7:23PM ET on Friday Jun 28, 2024 by Dow Jones
  Companies Mentioned: GS, JPM, MS, WFC, BAC, C
  
  By Rebecca Ungarino
  
  The largest U.S. banks said on Friday evening that they would increase payouts to investors in moves that were generally expected after lenders sailed through the Federal Reserve's stress tests this week -- but the firms' capital plans remain closely watched each year.
  

• DJ Goldman Stresses Latest Fed Test Results Don't Reflect Its Evolution -- Market Talk, from 6:36PM ET on Friday Jun 28, 2024 by Dow Jones

  6:36PM ET on Friday Jun 28, 2024 by Dow Jones
  Companies Mentioned: GS
  
  1835 ET - For at least the past three years, Goldman Sachs boss David Solomon has been "encouraged" and "pleased" by the firm's Federal Reserve stress-test results as its Stress Capital Buffer consistently fell. That tone changed this year after the Fed boosted the metric to 6.4% from 5.5%, an increase Solomon said "does not seem to reflect the strategic evolution of our business and the continuous progress we've made to reduce our stress loss intensity." The CEO pledged to engage the Fed to understand the decision, while the firm said it would raise its quarterly dividend to $3 a share. (daniel.papp@wsj.com)
  

• DJ Big Banks Boost Dividends After Passing Stress Tests -- WSJ, from 5:43PM ET on Friday Jun 28, 2024 by Dow Jones

  5:43PM ET on Friday Jun 28, 2024 by Dow Jones
  Companies Mentioned: GS, JPM, MS, BAC
  
  By AnnaMaria Andriotis and Alexander Saeedy
  
  Big banks plan to pay out more to shareholders after passing regulators' annual stress test results earlier this week.
  
  

• *DJ Goldman Sachs Says Stress Test Requirement 'Does Not Seem to Reflect the Strategic Evolution of our Business', from 5:01PM ET on Friday Jun 28, 2024 by Dow Jones

  5:01PM ET on Friday Jun 28, 2024 by Dow Jones
  Companies Mentioned: GS
  
  By Josh Beckerman
  
  Goldman Sachs Group said the Federal Reserve notified the firm of a Stress Capital Buffer of 6.4%, resulting in a Standardized Common Equity Tier 1 ratio requirement of 13.9%, which will become effective on Oct. 1.