Goldman Sachs raises dividend 50% after major change

Goldman Sachs (GS) just sent Wall Street a clear message: we're done experimenting with consumer banking, and we're doubling down on what we do best. The investment banking powerhouse also announced a whopping 50% dividend increase, raising its quarterly payout to $4.50 per share from $3 just a year ago. That's a bold move for any bank, but especially striking given that Goldman simultaneously reported selling off its troubled Apple Card business to JPMorgan Chase. The aggressive dividend hike signals ...