All major U.S. banks pass Fed stress test
The Federal Reserve announced that all 32 largest U.S. banks passed the annual stress test. The results indicate resilience under hypothetical adverse scenarios.
Topic cluster
routine
2 sources grouped by AFBytes in Economy
AFBytes briefing
Strong capital positions support continued lending that underpins mortgages, business credit, and retirement accounts.
Key entities
- Federal
What to watch next
- Watch the next Federal Reserve Board meeting for any comments on capital requirements.
- Next quarterly earnings releases will show actual execution pace of the announced buyback programs.
JPMorgan $50B buyback, Goldman dividend hike follow Fed stress test
JPMorgan Chase unveiled a $50 billion share buyback program following the Federal Reserve stress test. Goldman Sachs increased its dividend. All 32 large banks cleared the hypothetical recession scenario.