Goldman Sachs and Wells Fargo slump in pre-market trading after the Fed caps dividends and bans buybacks

Business Insider

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· *Bank stocks slumped in pre-market trading on Friday after the Federal Reserve capped dividends and banned stock buybacks until at least the end of the third quarter.*
· *Goldman Sachs, Wells Fargo, Bank of America, JPMorgan, and Citibank were all down between 0.5% and 3%.*
· *The Fed rolled out the restrictions to...

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