While waiting to know the decision of the ECB on the coupons of the European banks, great satisfactions for the shareholders will come from the American banks, ready to dip into their wallets and to remunerate their shareholders generously.
In fact, the US banking giants passed the Federal Reserve's stress tests carried out last Friday with great fluency. By virtue of the results achieved, the American central bank has decided to give the green light to dividends and buybacks, a choice that is causing great turmoil on Wall Street.
Dividend fever quickly infected all the major US banking institutions which, seized by a sudden surge of generosity, chose to increase the amount of coupons paid in the third quarter of 2021, in some cases even doubling them. This is the case, for example, of Morgan Stanley, which has decided to distribute a dividend of 70 cents per share from 35 last year. Not only will the New York banking giant also increase the buyback program, going up to 10 or 12 billion dollars.
Doubling also planned for Wells Fargo which will pay its shareholders a coupon of $0,20 per share (it was $0,10 in 2020, $0,50 in 2019). An 2021 billion euro buyback plan will also start in the third quarter of 18.
The dividend of also rises, and not by a small amount Goldman Sachs, which will distribute 2 dollars per share from the previous 1,25 dollars (+60%).
They close the ranking of the increases, Bank of America, with a coupon of 20 cents per share (+16,6%), e JP Morgan ($1 per share, +11%).
On balance, therefore, according to the estimates published by Financial Times$2021 billion more will hit shareholders' pockets in the third quarter of 2,08 than previously forecast.
The generosity of US banks is greeted with fervor from Wall Street: JP Morgan and Goldman Sachs were up 3,4% and 1,92% respectively, Wells Fargo was up 0,13%, Bank of America was up 0,7% and JP Morgan was up 1,15%.
Returning to Europe, let us remember that the European Central Bank will decide whether to remove it on the 23rd coupon and buyback restrictions launched last year to deal with the consequences of the pandemic.
