
Wall Street giant Goldman Sachs' GS.N shares rise as much as 1.6%, hitting their record high
GS late on Tuesday announced 33% increase in dividend beginning July 1 after sailing through U.S. Federal Reserve's stress test
Morgan Stanley analysts say the dividend hikes by U.S. banks beat expectations, with the biggest increase coming at GS
GS dividend will climb to $4 from $3 per share, subject to the board's approval
Bank poised to report Q2 earnings on July 16, with Wall Street expecting profit to jump to $9.53 per share
Bank stocks have recovered since Q1 earnings as economic uncertainty lessens and capital markets rebound
10 of 22 brokerages rate the stock "buy" or higher and 12 "hold"; median PT $594.50 - data compiled by LSEG
As of last close, GS stock up 23.4% YTD