said on June 28 they were hiking their payouts after they passed the Fed's stress tests, which evaluate how companies would fare in a significant economic downturn. Overall, the total buy-back and dividend payouts from financial companies will likely top $130 billion, according to analyst estimates., which suspended its dividend last year but said in April that it expects to reinstate it by the end of 2021.
Investors may get a deeper glimpse at the Federal Reserve's views on inflation when the minutes from its most recent meeting are released Wednesday, while the ISM reading of service industry activity is set to be released on Tuesday. The index hit a record high in May as the economy recovery accelerated.
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