Morgan Stanley is doubling its dividend and buying back up to $12 billion of stock
CNN
Morgan Stanley is doubling its quarterly dividend from 35 cents a share to 70 cents a share, and buying back up to $12 billion of stock, the company announced Monday.
The powerful Wall Street bank "has accumulated significant excess capital over the past several years" Morgan Stanley chairman and CEO James Gorman said in a statement. He added that the bank "now has one of the largest capital buffers in the industry." While other banks, including Bank of America (BAC), Wells Fargo (CBEAX) and JPMorgan Chase (JPM), also raised their dividends, Morgan Stanley's (MS) 100% increase appeared to be the the largest among the major banks so far.
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President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
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President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will assist with security at entrances and exits to ease TSA workload amid a partial government shutdown.
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Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.