Wall Street's biggest banks rose in morning trading on Monday after sailing through the U.S. Federal Reserve's annual health check, setting the stage for billions in stock buybacks and dividends. The central bank said on Friday that 22 of the largest U.

Wall Street’s largest lenders boosted their dividends after passing this year’s Federal Reserve stress tests, a hurdle that regulators made easier to clear by softening some of the requirements laid out in previous years.

All 22 banks that participated in the Federal Reserve’s stress test passed, although it was less stringent than past years.