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Bank Stress Tests 'Much Bigger Surprise Than Expected,' Will Delay Future Investment Plans: JPMorgan
Thursday, June 27, 2024 - 4:38pm | 588A JPMorgan analyst has reacted to the Federal Reserve’s annual stress test results for U.S. banks, which assess their resilience by estimating losses, revenues, expenses, and capital levels under various economic scenarios. The results were announced on Wednesday. Key Insights: Analyst Vivek...
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Fed Stress Test 2024: Large Banks Face Greater Losses But Maintain Strong Capital Positions In Severe Recession Scenario (CORRECTED)
Thursday, June 27, 2024 - 3:53pm | 819Editor’s note: This story erroneously included stock information for Citizens Inc. rather than Citizens Financial Group Inc, which is the company mentioned in the Federal Reserve’s stress test report, and has been corrected. The Federal Reserve Board’s annual bank stress test...
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Fed's 2024 Stress Test Results Worse Than Expected, Says Goldman Analyst: 'The Market Will View The Results As Disappointing'
Thursday, June 27, 2024 - 9:42am | 673The largest American banks were less than thrilled with the outcomes of the Federal Reserve’s 2024 Stress Tests, designed to measure the resilience of financial institutions’ capital in the event of a deep recession. Although the 2024 Stress Tests confirmed that all 31 banks analyzed...
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US Bank Stress Tests This Week, Analyst Expects Improvement: 8 Stocks, 3 ETFs To Watch
Monday, June 24, 2024 - 12:15pm | 887The U.S. banking sector is bracing for the 2024 stress test results, scheduled to be released Wednesday after the market closes. Bank of America analyst Ebrahim H. Poonawala expects this year’s stress test to show overall improved capital buffers compared to 2023, given the moderately better...
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Benzinga's Federal Reserve Stress Test Recap
Wednesday, June 28, 2017 - 6:06pm | 1122The Federal Reserve released the results of its annual Comprehensive Capital Analysis and Review, commonly know as the stress test on U.S. banks. The report is from the Fed’s second round of stress testing this year. The first round’s results were announced on June 22. Wednesday’s...
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Barclays Sums Up Fed Stress Test Outcomes For Consumer Finance
Thursday, June 30, 2016 - 1:38pm | 354After the close Wednesday, American Express Company (NYSE: AXP) and Discover Financial Services (NYSE: DFS) submitted their Comprehensive Capital Analysis and Review (CCAR). Santander Consumer USA Holdings Inc (NYSE: SC) failed the qualitative test Wednesday. Barclay's Mark DeVries commented on the...
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How A Bank Stress Test Works
Thursday, October 30, 2014 - 10:12am | 942Recently released European Banking Authority (EBA) stress test results have many banks breathing a sigh of relief and some banks feeling a world of pain. While stress tests like this one are certainly helpful when it comes to easing fears about a future financial crisis, many investors have no...
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The Must Know ETFs For Bank Stress Tests
Thursday, March 7, 2013 - 3:54pm | 833With results from another batch of Federal Reserve stress tests on U.S. banks expected to start trickling in later today, the sector is showing signs of life, but investors need to remember something. These are not the Comprehensive Capital Analysis and Review, or the stress tests that really have...
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Steve Bartlett: Dodd-Frank Act, More Laborious than the Panama Canal
Wednesday, March 14, 2012 - 7:41am | 312Steve Bartlett sees the Fed Stress test as an all-around success, showing that the nations biggest banks are far better capitalized, and with much less risk than three years ago. However, while the Dodd Frank Act has brought forth some needed reform, it also contains some excesses that will need...
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Euro Finds Strength From Equities, Bond Sale
Thursday, June 17, 2010 - 11:50am | 142The Euro is continuing to rebound against the dollar, following the lead of European markets and a strong bond sale for Spain. Despite trading at a four-year low of $1.18 last week, the Euro has made a considerable reversal, trading at $1.24 earlier this morning. Recent gains could be attributed...