Goldman Sachs receives Stress Capital Buffer of 6.4%; proposes dividend increase to $3.00/share

GOLDMAN SACHS GROUP INC

Federal Reserve sets SCB at 6.4%, raising Standardized CET1 requirement to 13.9% effective Oct 1, 2024.
CEO David Solomon states increase does not reflect strategic evolution and reduced stress loss intensity.
Firm proposes raising common stock dividend from $2.75 to $3.00 per share, subject to Board approval.
Capital plan emphasizes investing in interconnected businesses at accretive returns amid regulatory landscape.

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