The largest U.S. banks on Tuesday announced fresh plans for stock buybacks and dividends following the Federal Reserve’s disclosure of positive annual stress test results, a sign that some of the world’s most systemically important lenders are sitting on more than enough capital.

With the Federal Reserve giving major financial institutions high marks in its annual stress tests, several large banks raised their dividends.

Other dividend increases include Bank of America raising its payout by 8 percent to 28 cents per share, Wells Fargo lifting its dividend to 45 cents from 40 cents, Goldman Sachs raising its dividend from US$3 to US$4, and Citigroup increasing its payout to 60 cents from 56 cents.