Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) may soon be allowed to increase dividends, set share buybacks of their common stock, or make other planned shareholder friendly moves.
Goldman Sachs noted that the Federal Reserve did not object to its proposed capital actions through the first quarter of 2013. These include repurchasing shares of common stock and an increase on the company’s quarterly dividend rate. With a current dividend yield of 1.2%, maybe it should focus on the dividend.
Morgan Stanley received no Federal Reserve Board objection to its 2012 capital plan. The bank (without a bank) has a plan which includes the potential acquisition of an additional 14% of Morgan Stanley Smith Barney as well as its dividends to common and preferred holders.
Goldman Sachs closed up 6.45% at $124.54 and Morgan Stanley closed up 4% at $18.93 and yields only 1.1%.
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