J.P. Morgan, Wells Fargo Raise Dividends (JPM, WFC)

Wells Fargo WFC and J.P. Morgan JPM announced dividend hikes just a few minutes ago. Both stocks are rising on the news. JPM is raising its quarterly dividend to $0.25 while WFC is raising its quarterly dividend to $0.12.

Wells Fargo has also authorized a $200 million share buyback. J.P. Morgan has authorized a $15 billion buyback program.