 "wall street")
Morgan Stanley led big US banks in raising payouts to investors — by jacking up dividends or announcing plans to buy back shares — after amassing cash piles that easily met the Federal Reserve’s capital requirements.
Dividend payouts by the nation’s six largest lenders will rise, on average, by almost half — and that’s with Citigroup abstaining from an increase — according to statements issued late on Monday. Morgan Stanley doubled its quarterly payout while also announcing as much as $12 billion in stock buybacks.
“Morgan Stanley has accumulated significant excess capital over the past several years and now has one of
