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.

Northern Trust (NASDAQ:NTRS) will propose a 6.7% quarterly dividend increase at its next board meeting, based on results from its annual supervisory stress test, the company said Tuesday. The proposed $0.