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[ANALYSIS] Banks to give out higher shareholder dividends


[ANALYSIS] Banks to give out higher shareholder dividends
Posted : 2021-07-03 09:49
By Anna J. Park
After the U.S. Fed signaled it would loosen its control over banks dividend payouts if they pass stress tests, gauging how they will fare in worst case scenarios, five out of six major U.S. institutions are set to pay an additional $2 billion in the next quarter, along with a sizable buyback of their own shares later on in the year to return more money to investors.
The U.S. lenders plan to distribute dividends about 40 percent higher than previous levels.
Specifically, Morgan Stanley and Wells Fargo plan to double their quarterly dividends. Morgan Stanley said it will give out 70 cents per share, while buying back up to $12 billion of its shares next year. Wells Fargo also plans to double its dividends from 10 cents to 20 cents, while repurchasing some $18 billion worth of its shares from the third quarter. ....

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1545 p21 Foreign investor participation crucial for operations


The mega-deal between Sumitomo Mitsui Financial Group and FE Credit is expected to rewrite the consumer finance landscape in Vietnam. Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd., talked with VIR’s Luu Bui about the appetite of Japanese investors for the market.
How would you assess the potential of Vietnam’s consumer finance market and why is the sector attractive to overseas investors?
Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd
Consumer finance in Vietnam has been increasing strongly since around 2013 on the back of rising affluence amid strong economic growth. However, consumer finance remains relatively new to the majority of Vietnamese people, and like many emerging markets, the country presents major growth opportunities for modern consumer finance. ....

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