1. Big banks are Spiking After the Fed Approves Their Plans to Return Capital to Shareholders

    Big banks are Spiking After the Fed Approves Their Plans to Return Capital to Shareholders
    • Bank stocks are rallying Friday morning after the Fed approved their plans to return capital to shareholders.
    • Only Deutsche Bank's US operations failed.
    • Wells Fargo is a big gainer so far.
    • Banks are on track to getting to pre-crisis dividend ratios...
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    1. These higher capital return asks translated to an effective yield (dividends + buybacks) of 8.8%.
    2. This suggests that banks are on track for eventually returning to historic (pre-Crisis) dividend payout ratios.
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