Shares of Morgan Stanley climbed after the bank announced plans for stock dividends and buybacks.
Morgan Stanley also shares rose over 3% after the company increased its dividend and announced a $20 billion stock buyback.
Goldman Sachs, Bank of America, and Wells Fargo also boosted their dividends.
Goldman had one of the largest dividend increases, with a 25% hike to $2.50 per share.
Bank of America’s increase came to 5%, while Morgan Stanley raised its dividend by 20%.
JPMorgan and Citigroup both held the line on their dividends, and said that increasingly stringent capital requirements forced the firms to keep them unchanged.
JPMorgan did announce a new $30 billion stock buyback plan that began back in May.
The announcements came in the wake of the Federal Reserve’s bank stress tests that determined how much more capital banks could allocate to shareholders without depleting their capital.
All 34 of the banks passed the test.
Shares of JPMorgan (JPM), Citigroup (C), Bank of America (BAC), and Wells Fargo (WFC) were flat after the announcement.