Bank Dividends: Expect ‘em in Q2, Say Morgan Analysts
Morgan Stanley analysts covering large cap banks spotlighted their expectations for banks to restart dividend payments and share buybacks in the second quarter. In a note out today...
...Interestingly, Betsy Graseck of Morgan Stanley writes that she estimates that Citi will reinstate its dividend in the second quarter of 2011. That’s a shorter timeline than Vikram Pandit seemed to be setting the market up for in his comments on dividends after earnings. ...MORE