Fed Stress Tests Reveal Whether Banks Can Survive a 10% Unemployment Shock
4 Articles
4 Articles
JPMorgan Chase, the largest bank in the United States, increased its quarterly dividend by 10%, from $1.50 to $1.65 per share, and announced a new share buyback program for $50 billion as of July 1.The decision came minutes after the Fed published the results of its annual stress test, in which the 32 banks examined exceeded the minimum capital standards.JPMorgan's move marks the start of a season of similar announcements across the banking sect…
Bank of America (NYSE:BAC) trades near highs as Fed stress test details leave investors watching payout schedule
Bank of America (NYSE:BAC) closed at $57.88, down 0.53% after hitting a 52-week high, as investors await a July board decision on the next dividend following a Fed stress test showing commercial and industrial loans make up the largest share of projected losses, keeping focus on corporate credit ahead of July 14 earnings.
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