ArmInfo. Six leading US banks have paid out over $140 billion in dividends and share repurchases to shareholders through 2025 amid relaxed capital requirements.
This is a new record; the previous one was set in 2019, according to Bloomberg.
In particular, JPMorgan Chase & Co. repurchased over $30 billion of its own shares last year, while Citigroup Inc. increased its buybacks fivefold in the third quarter compared to the same period last year after successfully passing stress tests.
The banks' management expects to maintain high levels of shareholder payouts this year. Goldman Sachs Group CEO David Solomon stated yesterday that his bank will "maintain a dynamic approach" to share repurchases.
