Bank Shareholders: Chinese Ministry and Citigroup C

bank shareholders: J.P. Morgan Chase JPM, 2.72% Morgan Stanley MS, 0.74% Citigroup C, 2.76% and Wells Fargo WFC, 2.23% all rose, according to Market Watch. All 18 banks past the Federal Reserve stress tests, including Deutsche Bank AG DB, 1.19% which had earlier failed, and many of the largest lenders in the U.S. announced increased payouts to shareholders in the wake of the results. Friday also marks a rebalancing of the FTSE Russell index, of mostly small capitalization stocks, which will occur at the close of trade. The total payouts to bank shareholders from dividends and buybacks will hit 173 billion, a record high amount for the group. The Chinese Ministry of Commerce has called on Washington to cancel its import tariffs and sanctions measures on Huawei and other Chinese companies, while Trump has reiterated a threat to impose tariffs on the remaining 300 billion of Chinese imports if talks fail. Goldman GS, 2.65% raised its dividend by nearly 50%. But Wall Street's gains were restrained as investors awaited the Trump-Xi trade meeting scheduled for Saturday Japan time. (news.financializer.com). As reported in the news.