March 22 at 4:16 p.m.
Filed under:
Credit Cards
By Reuters
(Daniel Acker/Bloomberg)
Discover Financial Services reported a $465 million quarterly profit on Tuesday and raised its quarterly dividend by 4 cents per share, as losses on bad loans fell.
The credit card lender and processing network earned 84 cents per share in its fiscal first quarter, ended February 28. That compared with a year-ago loss of $104 million, or 22 cents per share. Get the full story »
March 21 at 7:28 a.m.
Filed under:
Banking
By Reuters
Citigroup Inc. said Monday it plans to reduce the number of outstanding common stock shares, and to reintroduce a dividend beginning in second quarter 2011. Get the full story »
March 18 at 10:38 a.m.
Filed under:
Banking
By Reuters
JPMorgan Chase & Co, Wells Fargo & Co. and other major U.S. banks plan to boost their dividend payments after passing stress tests evaluated by the Federal Reserve.
The share buybacks signal that regulators view banks as being healthy enough to withstand the remaining uncertainties in the economy, after the banking system has been profitable for a year. Get the full story »
March 17 at 4:26 p.m.
Filed under:
Investing,
Policy
By Reuters
Federal Reserve Chairman Ben Bernanke. (Jonathan Ernst/Getty Images)
Some of the largest U.S. banks will be notified on Friday whether they passed a second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported on Thursday. Get the full story »
Feb. 1 at 6:49 a.m.
Filed under:
Earnings,
Energy
By Dow Jones Newswires
BP PLC Tuesday resumed its corporate dividend and deepened strategic changes. But the company’s earnings came in below expectations, as BP signaled that short-term oil and gas volumes would continue to drop. Get the full story »
Dec. 29, 2010 at 5:19 p.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
Six banks have repurchased investments the government made under its taxpayer-funded financial rescue program, paying a total of $626 million including dividends, the Treasury Department said Wednesday. Get the full story »
Nov. 29, 2010 at 9:43 a.m.
Filed under:
Investing,
Stock activity
By Reuters
Online brokerage optionsXpress Holdings Inc. said it will return about $259 million to shareholders as special dividend payout in the absence of “value-creating” acquisition opportunities. Get the full story »
Nov. 9, 2010 at 4:28 p.m.
Filed under:
Insurance,
Investing
By Reuters
Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively. Get the full story »
Nov. 4, 2010 at 5:11 p.m.
Filed under:
Banking
By Reuters
The Federal Reserve is expected soon to allow some healthy banks with strong capital levels to increase dividend payments, according to people familiar with the decision.
The updated guidance from the Fed is likely a few weeks away. The Fed is expected to take a conservative approach in deciding which banks can increase dividends and assess each bank individually, according to a person familiar with the matter. Get the full story »
Oct. 29, 2010 at 7:23 a.m.
Filed under:
Autos,
Banking,
IPOs,
Unions
By Reuters
In a series of moves that pave the way for an IPO and strengthen its finances, General Motors Co. said on Thursday it would repay $2.1 billion to U.S. taxpayers and make early payments to pension and retiree health plans.
The announcement comes just days before bankers are expected to begin a road show for potential investors in an initial public offering that would allow the U.S. government to start to reduce its stake in the top U.S. automaker. Get the full story »
Oct. 21, 2010 at 5:58 p.m.
Filed under:
Economy,
Housing,
Policy,
Stock activity
By Los Angeles Times
The cost for the huge government bailouts of housing finance giants Fannie Mae and Freddie Mac will grow — and possibly more than double to $363 billion — over the next three years.
But the taxpayer loss depends mainly on the health of the economy and the real estate market, a federal regulator said Thursday. Get the full story »
Oct. 20, 2010 at 9:56 a.m.
Filed under:
Banking,
Earnings
By Associated Press
Wells Fargo & Co.’s income rose 19 percent in the three months ending in September as losses from failed loans continued to fall.
Wells Fargo’s net income after paying preferred dividends was $3.15 billion, or 60 cents per share, ahead of the 55 cents per share analysts were expecting, the San Francisco bank reported Wednesday. The bank earned $2.64 billion, or 56 cents per share, in the same period a year earlier.
Oct. 13, 2010 at 11:43 a.m.
Filed under:
Retail,
Stock activity
By Reuters
U.S. drugstore chain Walgreen Co. said its board has approved a buyback of $1 billion shares and set a regular quarterly dividend. Get the full story »
Sep. 27, 2010 at 1:07 p.m.
Filed under:
Investing,
Pharmaceuticals,
Retail,
Stock activity
By Dow Jones Newswires
Several analysts say another Walgreen Co. dividend boost may be in the offing. Walgreens, which raised its quarterly dividend 27 percent to 17.5 cents a share in July, may be looking to move closer its long-term dividend payout target of 30 percent to 35 percent net of earnings. Get the full story »
Sep. 23, 2010 at 9:41 a.m.
Filed under:
Food,
Franchises,
Restaurants
By Associated Press
McDonald’s Corp. is boosting its quarterly dividend by 11 percent to 61 cents, and analysts expect the world’s biggest hamburger chain to continue returning cash to shareholders while still investing in its restaurants.