Check out which companies are making headlines after the bell Wednesday:
Citigroup - The bank's capital plan was not approved by the Federal Reserve. Its shares fell in after-hours trading.
Bank of America - The bank increased its quarterly dividend to 5 cents a share and authorized a $4 billion stock repurchase program. Its shares rose in after-hours trade.
Goldman Sachs Group. - The Fed approved Goldman's capital plan after it was revised. Its shares gained in after-hours trade.
Wells Fargo - The bank said it would increase its quarterly dividend by 5 cents to 35 cents and announced a buyback of 350 million shares. Its shares rose in extended trade.
Capital One Financial - The company said its would keep quarterly dividend at 30 cents and expects to repurchase $2.5 billion in shares through the end of the first quarter of 2015. Its shares rose in after-hours trading.
JPMorgan Chase - The bank announced a $6.5 billion buyback and hiked its dividend to 5 cents a share. Its shares rose in after-hours trading.
PNC Financial Services Group - The bank announced a $1.5 billion buyback and plans to hike its quarterly dividend.
American Express - The bank said it would raise its quarterly dividend by 13 percent to 26 cents and announced a buyback.
US Bancorp - The bank said it would to hike its dividend by 6.5 percent to 0.245 cents.
Morgan Stanley - The brokerage announced a $1 billion share buyback and doubled its quarterly dividend to 10 cents a share. Its shares gained in after-hours trading.
Paychex - The payroll-services provider recorded third-quarter earnings per share of 44 cents on $636.5 million in revenue, versus estimates of EPS of 42 cents on $629 million in sales. Its shares rose in after-hours trading.
—By CNBC's Kate Gibson.
Questions? Comments? Email us at marketinsider@cnbc.com