AmEx sees keeping dividend at 43 cents in Q3; SCB is 2.5%

SeekingAlpha · 2020-06-30
Taking into account the preliminary SCB, the minimum common equity tier 1 capital ratio for the company will effectively be 7.0%, subject to confirmation of the SCB.

American Express (AXP -0.8%) intends to keep its quarterly dividend at 43 cents per share for Q3 2020.

As a result of the Fed's CCAR stress test, AXP's preliminary stress capital buffer requirement is 2.5%.

Taking into account the preliminary SCB, the minimum common equity tier 1 capital ratio for the company will effectively be 7.0%, subject to confirmation of the SCB.

Its target range for its CET1 capital ratio remains at 10%-11%; AXP's capital ratio in Q1 2020 was 11.9%, above its target range.

Previously: Fed caps large bank dividends, bans Q3 stock buybacks (June 25)

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