stress tests show that banks are resilient says jamie dimon of jpmorgan while citis jane fraser also boasts of resilience major us banks including morgan stanley and jpmorgan chase  co announced dividend increases late friday in the wake of the results of the federal reserves latest bank stress tests earlier this week jpmorgan jpm said it plans to raise the banks dividend to 105 a share up from 1 a share for the third quarter subject to board approval the stress tests show that banks are resilient  even while withstanding severe shocks  and continue to serve as a pillar of strength to the financial system and broader economy jpmorgan chief executive jamie dimon said in a statement we continue to maintain a fortress balance sheet with strong capital levels and robust liquidity dimon added morgan stanley ms said it will increase its quarterly dividend to 85 cents a share from the current 775 cents a share beginning with its thirdquarter dividend the bank also said that its board reauthorized a multiyear share buyback totaling as much as 20 billion without an expiration date beginning in the third quarter dont miss fed stress tests see large banks able to handle recession and slide in commercialrealestate prices see alsowall street upbeat on banks after mostly positive fed stress tests results the results of the federal reserves stress test demonstrate the durability of our transformed business model we remain committed to returning capital to our shareholders and are raising our dividend by 75 cents chief executive james p gorman said in a statement wells fargo wfc for its part said it will increase its dividend to 35 cents a share up from 30 cents a share subject to board approval it said it has the capacity to undertake a share buyback which will be routinely assessed as part of the companys internal capital adequacy framework that considers current market conditions potential changes to regulatory capital requirements and other risk factors without elaborating further goldman sachs group inc gs said it would raise its dividend to 275 a share from 250 a share starting july 1 citigroup inc c said its board had approved an increase in its quarterly dividend to 53 cents a share from 51 cents also for the third quarter citi chief executive jane fraser said that while the bank would have clearly preferred not to see an increase in our stress capital buffer these results still demonstrate citis financial resilience through all economic environments including the severely adverse scenario envisioned in the federal reserves stress test citis robust capital and liquidity position as well as the diversification of our funding and our business model allow citi to continue to be a source of strength for our clients and navigate challenging macro environments securely fraser said the bank bought back 1 billon in shares in the second quarter and will continue to evaluate its capital actions the chief executive said we are completely committed to simplifying citi improving returns and delivering value to our shareholders shares of morgan stanley and wells fargo rose 15 and 01 respectively in the afterhours session after ending the regular trading day up a respective 02 and 05 jpmorgan shares edged up 02 in the extended session after closing 14 higher on friday citigroup shares were up 02 while goldmans were largely unchanged this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal