While JPMorgan and Morgan Stanley increase their buybacks and dividends, Citigroup and BofA make more modest moves.

• JPMorgan announced an 8.7% increase in its quarterly dividend to $1.25 per share and a new $30 billion share repurchase program.
• Morgan Stanley announced an 8.8% increase in its dividend to 92.5 cents per share and a $20 billion repurchase plan.
• Citigroup announced a 5.7% increase in its dividend to 56 cents per share and stated that it would evaluate share repurchases on a quarterly basis.
• Bank of America announced an 8% increase in its dividend to 26 cents per share, without mentioning any share repurchases in its release.

While rivals made more modest announcements, said Friday that they were increasing both dividend payouts and share repurchases.

JPMorgan, the largest U.S. bank in terms of assets, announced an 8.7% increase in its quarterly dividend to $1.25 per share and a new $30 billion share repurchase program.

Morgan Stanley, a leading wealth management firm, announced an 8.8% increase in its dividend to 92.5 cents per share and a $20 billion repurchase plan.

Citigroup announced a 5.7% increase in its dividend to 56 cents per share and stated that it would evaluate share repurchases on a quarterly basis.

Bank of America announced an 8% increase in its dividend to 26 cents per share, without mentioning any share repurchases in its release.

The Federal Reserve administered an annual stress test to the big banks, and all 31 banks passed. However, JPMorgan announced that it could have higher losses than initially found.

The New York-based bank stated on Friday that its capital-return plan would not be affected.

JPMorgan CEO Jamie Dimon stated in a company release that the company's strength enables it to consistently invest in expanding its businesses, pay out a sustainable dividend, and return any surplus capital to its shareholders at their discretion.

JPMorgan's dividend increase was its second this year, Dimon noted.