The Federal Reserve announced that all major U.S. banks passed the annual stress test, demonstrating their ability to withstand a severe recession while continuing to lend to consumers and corporations. The stress test results showed that despite higher losses reported compared to the previous year, all 31 banks maintained more than the minimum required capital levels. Notably, JPMorgan Chase expressed concerns that the Fed's projections were overly optimistic, indicating that their own estimates suggested higher potential losses. The stress tests highlighted credit cards as a significant factor in the capital decline. Despite these concerns, the results allow banks to announce capital return plans, including dividends and buybacks, starting Friday afternoon after the U.S. market closes. Goldman, BMO, and HSBC were noted for having the lowest capital ratios under the stress test.
Here's why @wellsfargo's Mike Mayo says yesterday's bank stress tests were "more stressful than expected" https://t.co/7y8vWtJRHV
Treasury-market liquidity is back in focus — but don’t panic yet https://t.co/t6n7c3EPsU
JPMorgan disagrees with Fed stress test results (too good) $JPM: "the benefit in OCI appears to be too large. Should the Firm’s analysis be correct, the resulting stress losses would be modestly higher" $BAC had similar experience last year, which delayed dividend announcement https://t.co/aQWPJZcnxa https://t.co/zqicvKuKH2
While consumers might be worried about their finances, the country's biggest banks are prepared to avoid collapse, according to the Fed's stress test. https://t.co/HCkNGdQBDn
As the Federal Reserve released its annual stress test results Wednesday, the central bank called out credit cards as a key driver of a bigger capital decline than last year. https://t.co/NNYFjQvAdA
US Big Banks Survive the Fed's #CRE Shock Scenario #commercialrealestate #finance #markets https://t.co/WsAeOj0Q1E
JP Morgan Chase has gone out of its way to refute the FED Bank Stress results. FED said banks are safe. No issues. Chase is saying FED overestimated results and they are lying.
#JPMorgan said a Fed stress test of the bank’s strength in a hypothetical economic downturn was more optimistic on one key measure than the firm’s own projection
.@realrobcopeland of the @nytimes covers the @federalreserves' stress tests with @DennisKelleher calling them “stressless”. 100% of banks not just passing the stress tests, but ‘sailing through’ them is a clear indication that the tests are too weak. https://t.co/xqj1kZrxhN
Heard on the Street: Banks overall saw a bigger hit on this year’s Fed stress test. But it may not slow them down as much as it might have in the past. https://t.co/ZgTcmf3XaL
The Federal Reserve announced that all major U.S. banks could endure a severe recession while still lending to consumers and corporations. BofA Senior Analyst Ebrahim Poonawala breaks down the details. https://t.co/kHdB6UwzuI
JPMorgan Says Fed Stress Test Result Is Rosier Than Own Estimate - BBG https://t.co/1pxf7T2HDN
🇺🇸 Top US banks withstand annual ritual of Fed ‘stress tests’ – FT https://t.co/ZBhizbacNs
JPMorgan said a Fed stress test of the bank’s strength in a hypothetical economic downturn was more optimistic on one key measure than the firm’s own projection https://t.co/Kw1tLAOwZW
BREAKING 🚨: U.S. Treasury Market Treasury Liquidity is now at its worst point in AT LEAST the last 14 years, surpassing even the onset of Covid https://t.co/kdOA03X5Pk https://t.co/ju8pfMrhG9
#FederalReserve says banks pass stress test, paving way for higher payouts: Bloomberg
#Fed Bank Stress Test Results: BMO, Citizens Financial And HSBC Saw Lowest Capital Ratios Under Stress Test - Banks Permitted To Report Capital Plans To Investors Beginning Friday Afternoon After Us Market Close
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. https://t.co/EXPqPXQXVA https://t.co/uGTLFtLfAn
“Each of the 31 banks in this year’s regulatory exercise cleared the hurdle of being able to absorb losses while maintaining more than the minimum required capital levels, the Fed said in a statement.” https://t.co/1ElSVmK4a1
As Usual All US Banks Pass the Fed's "Stress" Test; Goldman Unexpectedly Has 2nd Ugliest Credit Card Portfolio https://t.co/Fg3P2k78Yi
Big Banks Can Withstand Disaster Scenario as Balance Sheets Grow ‘Riskier,’ Fed Says https://t.co/DoEndDReqj
FED: BANKS REPORTED HIGHER LOSSES THAN IN 2023 STRESS TEST AS BANK BALANCE SHEETS ARE RISKIER AND EXPENSES ARE HIGHER
FED: BANKS CAN ANNOUNCE CAPITAL RETURN PLANS. ALL 31 BANKS COULD WITHSTAND A HYPOTHETICAL RECESSION.
Something bad is happening in the US Treasury market. This is Bloomberg's liquidity index, which rises with the number of kinks in the yield curve. Those kinks point to poor liquidity. We now have more of those than in March 2020 when COVID hit. US fiscal space is NOT infinite... https://t.co/VYc8tvxEMc
#Treasury Liquidity Is Better Than Traders Feared, JPMorgan Says – Bloomberg
🇺🇸 #Treasury Liquidity Is Better Than Traders Feared, JPMorgan Says – Bloomberg https://t.co/ML3goZvgk5 https://t.co/q3O4PfaNtl
US Treasury bond market liquidity is continuing to improve https://t.co/7i7VgT2t2f