Bill’s Commentary:
“Of course they all did! Nothing to see here, move along…”
All Banks Pass Fed’s Stress Test, Unleashing Latest Wave Of Dividends And Buybacks
In all the excitement over Micron’s blowout earnings, we almost forgot that today was another Fed stress test day – which every bank passed with flying colors as usual – which in turn allowed bank to unleash a fresh flood of dividends and buybacks.
The biggest US banks boosted their dividends after passing this year’s Federal Reserve stress tests, a hurdle that even Bloomberg admits has “softened” in recent years as regulators hash out new requirements.
The results of the Federal Reserve Board’s annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing more than $708 billion in total loan losses under this year’s hypothetical scenario, capital declined only 1.6 percentage points in aggregate, staying above minimum capital requirements.
BillHolter.com 
All about the big boys 😂. Thank you pamelamoves@gmail.com
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