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US   MARKETS  
Four large US banks increase dividends following annual stress tests
- Some other banks, like JPMorgan & Chase and Citigroup, said their dividends remained unchanged Four U.S. banks — Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley — raised their dividends on Monday after clearing the Federal Reserve's annual stress test exercise last week. Wells Fargo said it expects to hike its dividend to 30 cents from 25 cents a share. Bank of America raised its dividend ...

Source: foxbusiness.com
US   MARKETS  
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
- Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. Buyers have been contending with rising mortgage rates since the start of this year, but rates actually pulled back slightly in May, and that may account for the sales gain. Still, pending sales were over 13% lower than they were in May 2021. A ...

Source: cnbc.com