“U.S. Bank Shares Climb on Promise of $11 Billion Buyback Bonanza”
December 21, 2020
“Shares of the biggest U.S. banks rallied after the Federal Reserve said it would let stock buybacks resume as soon as next month, with as much as $11 billion headed to shareholders. Goldman Sachs Group Inc. rose 6.1% at 9:47 a.m. in New York, while Morgan Stanley gained 5.3% and JPMorgan Chase & Co. added 3.8%…”
https://finance.yahoo.com/news/u-bank-shares-climb-promise-145037746.html