Goldman Sachs announces Stress Capital Buffer of 5.5%

On Wednesday, June 28, the Federal Reserve notified the firm of the Stress Capital Buffer for The Goldman Sachs Group of 5.5%, resulting in a Standardized Common Equity Tier 1 ratio requirement of 13.0%, which will become effective on October 1, 2023. The firm’s capital plan includes an increase in the common stock dividend from $2.50 to $2.75 per share beginning July 1, 2023, subject to approval by the firm’s Board of Directors at the customary third quarter meeting. This increase will enable the company to pay shareholders a sustainable, growing dividend and maintain a competitive yield, complemented by the firm’s previously announced $30B share repurchase program.