JP Morgan Chase announces unexpected dividend increase

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Source: Bloomberg
JP Morgan Chase & Co the largest US lender unexpectedly announced it received a permission for a 20% dividend raise. The dividend will be increased from USD 0.25 to USD 0.30 a share. Bank's disclosure forced its competitors including Wells Fargo & Co and PNC Financial Services to post their dividend proposals. JP Morgan rallied 7% on the announcement, supporting leading stock indices.  
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Wed, 14 Mar 2012 09:07:22 GMT

Australia's consumer confidence declined in March

Australia's consumer confidence dropped to a 3-month record low in March as country's biggest lenders increased mortgage rates despite central bank's decision to keep benchmark interest unchanged. The consumer sentiment index fell 5% to 96.1 in March, marking the lowest reading since December 2011, said Melbourne Institute on Wednesday.  

Wed, 14 Mar 2012 08:23:09 GMT

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