Latest news with #StandardizedCommonEquityTier1
Business Insider
3 days ago
- Business
- Business Insider
Citi raises quarterly dividend to 60c per share from 56c
Citi (C) announced that it has completed the Federal Reserve Board's 2025 annual supervisory stress test process. Citi's indicative Stress Capital Buffer requirement is 3.6%, down from the current 4.1%, and Citi's preliminary Standardized Common Equity Tier 1 capital ratio regulatory requirement will be 11.6%, down from the current 12.1%. As of March 31, 2025, Citi's Standardized CET1 capital ratio stood at 13.4%, which was 130 basis points above the regulatory requirement of 12.1%, and included a 100 basis point internal management buffer. The Federal Reserve Board will provide the Firm with its final SCB requirement later this quarter. Citi's planned capital actions include an increase of Citi's quarterly common stock dividend from 56c to 60c per share, subject to quarterly approval by Citi's Board of Directors, starting in the third quarter of 2025. As previously announced, Citi commenced a $20B multi-year share repurchase program in January 2025, of which $3.75B has been repurchased year-to-date. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Insider
3 days ago
- Business
- Business Insider
Goldman Sachs plans to raise quarterly dividend 33%, sees SCB at 3.4%
On Friday, June 27, the Federal Reserve released the results of its 2025 Comprehensive Capital Analysis and Review stress test process. Goldman Sachs (GS) expects the firm's Stress Capital Buffer requirement will be 3.4%, resulting in a Standardized Common Equity Tier 1 ratio requirement of 10.9%, effective October 1. The Federal Reserve will provide the firm's final SCB requirement by August 31. These results and effective date may be subject to further changes pending the finalization of the Federal Reserve's outstanding proposal on SCB averaging. In addition, the Federal Reserve disclosed that the firm's current SCB, from the CCAR 2024 test, has been reduced by 10 basis points to 6.1%. This results in a current CET1 ratio requirement of 13.6%, effective immediately. The firm's capital plan includes a 33% increase in the common stock dividend from $3.00 to $4.00 per share beginning July 1, 2025, subject to approval by the firm's Board of Directors at the customary third quarter meeting. This increase is a continuation of the firm's plan to pay shareholders a sustainable and growing dividend. Don't Miss TipRanks' Half-Year Sale
