Updated:
Original:

Wells Fargo, U.S. Bancorp raise dividends after passing stress tests

Wells Fargo nearly doubled its first-quarter dividend to 22 cents per share. U.S. Bancorp boosted its by 56 percent to 19 cents. It came after the Fed measured how well the banks might hold up in a financial crisis.
Author:

Wells Fargo nearly doubled its first-quarter dividend to 22 cents per share. U.S. Bancorp boosted its by 56 percent to 19 cents. It came after the Fed measured how well the banks might hold up in a financial crisis.

Next Up

Kirk Cousins

There's something different about Kirk Cousins, but what is it?

Cousins's "swag" has fueled a hot start to the season.

Cameron Dantzler

Cameron Dantzler tweets out frustration over playing time

The second-year corner has been benched while Bashaud Breeland continues to struggle.

Pizabay pizza

Chaska Papa Murphy's to temporarily close due to worker shortage

The closure is "due to a lack of employees and applicants across the company," the manager wrote.

Hailey Anderson Cumberland WI police

Authorities find body, vehicle in search for missing WI woman

Hailey Anderson was supposed to be travelling to Hibbing, but never showed up.

KAT, Towns

Karl-Anthony Towns sounds off on Wolves' constant 'instability'

Gersson Rosas' firing was the latest in a string of problem situations the Wolves have been involved with.

Flickr - police lights squad siren - Edward Kimmel

Duluth man arrested after police chase in stolen pickup truck

He was driving a vehicle that had been reported stolen in North Dakota.

pixabay tractor farm

1 killed in crash between car and tractor in western MN

First responders arrived and found the vehicle off the roadway, in a cornfield.

Stallings surveillance footage - screengrab - crop

New video, body cam footage shows police beating prone Jaleel Stallings

Stallings, who was acquitted, said he fired on the unmarked van not knowing officers were inside.

Bloomington Wentworth scene  - 2021-09-27 - J Nelson 2

Body in dumpster leads to police chase with young child in car

A 911 call said they saw someone place a body into a dumpster outside a Bloomington apartment complex.

st. paul tap - crop

SUV driver crashes into bar patio, injuring woman; man hurt in related shooting

Two men were arguing on the patio prior to the incident, witnesses said.

bicycle cyclist bike

Cyclist critically injured in hit-and-run in Plymouth

Police are seeking the public's help in locating the driver who fled.

ambulance, crash

Second person dies after head-on crash in Anoka County

The crash injured three others, including a 4-year-old boy.

Related

U.S. Bancorp third-largest mortgage lending originator

U.S. Bancorp beat banking giants Bank of America and Citigroup in the first quarter of the year. Wells Fargo and JPMorgan Chase continue to dominate the unrivaled market share.

Target boosts dividend by 20 percent

The Minneapolis-based discount chain says it has increased its quarterly dividend to 36 cents. The dividend will be paid on September 10 to shareholders of record as of August 15. Target has reportedly paid a dividend every quarter since going public in 1967.

3M says new cleaning system seems to be working after drinking wells pass tests

Monitoring wells at a landfill in Woodbury have turned up an increase in PFCs, but tests of local drinking water show no significant changes. 3M says that's a good sign that a new cleaning system is doing its job.

World economists want Wells Fargo to pay surcharge to protect taxpayers

At the G20 summit in France Friday, the world's leading financial group endorsed a move that would have Wells Fargo pay a surcharge based on their assets to protect taxpayers in case the bank fails.

U.S. Bank named most trusted, Wells Fargo ... not so much

Wells Fargo was third most trusted last year. Now it's fallen off the list.

U.S. Bancorp's 2Q profit jumps 18 percent

Minneapolis-based U.S. Bancorp reported high-than-expected quarterly profit as revenue rose and set aside less money for bad loans. The fifth-largest U.S. commercial bank posted a net income of $1.42 billion in the second-quarter.

U.S. Bancorp, SolarCity to fund $250 million in solar projects

Minnesota-based U.S. Bancorp, parent company of U.S. Bank, and California-based SolarCity announced Wednesday their sixth and largest renewable energy tax equity fund since the two companies partnered three years ago. It will finance up to $250 million in residential solar power and commercial solar power projects for homeowners, businesses, schools, and government buildings.