Homepage / Investment / Bank stocks surge after banks get Fed's blessing to unleash big buybacks, dividends
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Стиль и Защита: Чехлы на Телефон и Планшет от Womux com NikaDate.com 2025: Trick Insights Before You Sign up with Elderly Sizzle: Come Across Great Hookups Over 40? | 1win APP: Descargar, Juegos, Casino, APK Chile cl 1win Punjab FC create history with historic 2-1 win against Everton FC SofiaDate Evaluation 2025: Is This Website Worth The Buzz And Cash? bets10’in Kazançlý Slot Oyunlarý Nv Casino: Przewodnik po Świecie Gier Hazardowych Casino Wazamba Online Summary Discover the best local hookup internet sites for meeting wives Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription popochka Hesap Açma Promosyonu Veren Siteler Xslot Kumar ve Güven Merkezi Get the absolute most out of your ebony bbw site source Leading Online Casino Rocketplay Evaluation Find the right partner on nymphomaniac dating website what exactly are local sex websites and exactly how can they assist you to? casino 643 Online Casino 7slots Grandpashabet 2217 Güncel Giriş Adresi Grandpashabet2217 com 5804 grandpashabet güncel Trezor Suite Official Desktop && Web Crypto Ledger Live App: Buy, Sell, Stake and Swap Crypto Hardware Wallet & Crypto Wallet Security for Crypto Shared: The 7 Things Men Want from Females What is Ledger Recover? New Feature Review 2024 What is Ledger Recover? New Feature Review 2024 Enjoy the thrill of meeting new individuals in web adult chat rooms sex 1Win Burkina Faso Parie en ligne chez le bookmaker en Afrique Grandpashabet Bahis Sitesi Güvenilirlik ve Eğlencenin Buluştuğu Adres 0053 Southern African Men – Meeting, Dating, and More (plenty of Pics) Silvana lee adult Grandpashabet Grandpashabet Resmi Güncel Giriş 7719 Enjoy a fun, protected, and unique dating experience Nuevos casinos en Argentina: expansión y regulación conforme al juego responsable Philadelphia Gay Dating: Get The Best Partners Lucky Jet официальный сайт игры от 1win games Join our community of bisexual women and discover your perfect match today Merdeka777: Daftar Situs Judi Slot Online Terpercaya Make buddies and discover love with local fetish chatroom Лучшие Онлайн Казино С Высокими Выплатами На Рулетке 2025 SecretBenefits Assessment: Prices, Characteristics and Buyer Critiques Website Resmi UIN SMH Banten Abebet Slot Sitelerinde Hoþgeldin Bonusunun Avantajlarý Maltcasino: Yeni Üyeler Ýçin Hoþgeldin Bonuslarý Opiniones sobre 1xSlots Lee las opiniones sobre el servicio de 1xslot com What you’ll want to know Take step one towards love and pleasure today Making Uses Of Prednisone Tablets Take control of your love life in order to find bbw mature lesbians today Bahis Sitelerinde Ücretsiz Deneme Bonusları Nasıl Kullanılır? Rulet Masalarında Bonuslarla Daha Fazla Kazanın Player women online dating| discover single video games women at Masalbet: En Çok Kazandýran Casino Sitesi Gambling in Australia and Modern Settlement Methods: The Rise of PayID TUAN88 Situs Main Game Online dengan Aman dan Nyaman Brit Cam Place — Singles From British Look For Pleasant Companions And Dating 1xbet Registration ᐉ 1xbet Sign Up برنامج المراهنات الرياضية تحميل التطبيق العميل Eg 1xbet Com Cassino Kto Jogos Para Cassino Online No Brasil” 1xbet Apk 1xbet للموبايل حمل تطبيق 1xbet لأنظمة أيفون و أندرويد 1xbet مصر Eg 1xbet Com Melhores Casas Sobre Apostas No País Brasileiro 2024 Casa-apostas Apresentando” قم بتنزيل 1xbet على جهاز الكمبيوتر ، وكيفية تنزيل تطبيق سطح المكتب على جهاز الكمبيوتر برنامج المراهنات الرياضية تحميل التطبيق العميل 1xbet Com How To Try Out Roulette Rules & Guide How To Win From Slots: Top Ideas To Boost Your Own Chances How To Win The Car In Gta 5 Casino Win The Particular Gta Online Scène Vehicle How To Win The Car In Gta 5 Casino Win The Particular Gta Online Scène Vehicle How To Perform Slot Machines Najlepsze kasyna bez depozytu 2025 The Best Different Roulette Games Strategy Tips In Order To Win At Roulette Promozioni effettive di 22Bet in Italia Отзывы о казино Stake от реальных игроков 2025 о выплатах и игре The Best Different Roulette Games Strategy Tips To Win At Roulette Cassinos legais no Brasil: novas regras e melhores sites Top 10 Biggest Casinos In The Usa 1xbet 보너스 받는법 및 출금 롤링조건 등 사용법 총정리 온라인카지노 Kr Your Current Reliable Partner Regarding Tent Manufacturing Online Kaszinó Játékok És Élő Kaszinó Játékok History Of Las Vegas Casinos Who Else Built It & How Sin City Emerged To Be En Güvenilir Canlı Bahis Empieza Casino Sitesi Игровые Автоматы На мнимые Деньги Играть Онлайн В Лучшие Слоты How To Available A Casino: A Detailed Six-steps Guide Gaming Paradise Is Just Around The Corner: Top Ten Casinos Throughout Las Vegas Find the right person: tips for effective singles dating over 60 10 Regarding The World’s Largest Casinos: The Greatest Casinos Ever! Gamification : la limite entre jeu vidéo et casino en ligne se brouille Ufc 302 Gdzie Oglądać Za Darmo I Na Żywo? 2 06 24 ‎Casino ua online casino club on the App Store 1xbet تسجيل الدخول للجوال قم بتسجيل الدخول إلى حساب 1xbet الخاص بك “원엑스벳1xbet 프로모션 코드 2024: Jbmax Vip! Sweet Bonanza Ücretsiz Demonstration İle Oyun Deneyimi Verde Kaszinó: Új Kaszinó Oldal Rendkívüli Bónuszokkal! Türkiye Casino Sitelerinin Adresi 2024 En Iyi Türk Online Casino En Güncel Ve Güvenilir On Line Casino Ve Bahis Sitelerinin Adresi 2024 Listesi 1xbet 모바일 앱-어플 2024, 버전, 다운로드, 설치, Ios, 안 Diocesan Development Services To The Particular North Karamoja Dds-n Sai Dwaraka In Nessun Caso Tours & Travels Pin-up On Line Casino Türkiye En İyi Canlı Casino Oyunları Ve Slot Makineleri Strategies for making a bisexual woman feel very special and loved Diamond Casino Heist The Big Disadvantage Walkthrough

Investment

Bank stocks surge after banks get Fed's blessing to unleash big buybacks, dividends

Bank stocks rose sharply on Thursday after the Federal Reserve cleared capital returns programs for the big banks.

The central bank did not object to any of the buybacks or dividend hikes from the 34 banks it reviewed during the second phase of its annual stress test. This is the first time in the seven-year history of the tests implemented in the wake of the financial crisis that all banks have passed.

Morgan Stanley, JPMorgan Chase, Wells Fargo, Citigroup and Bank of America were all at least 1 percent higher in early trade. The Financial Select Sector SPDR exchange-traded fund (XLF) spiked 0.7 percent.

JPMorgan announced a repurchase program of up to $19.4 billion, its biggest since the financial crisis. Citigroup unleashed its largest ever buyback program — worth up to $15.6 billion — and doubled its dividend. Bank of America and Morgan Stanley hiked their quarterly dividends to 12 cents a share and 25 cents a share, respectively.

“We continue to like large bank stocks, even though they have recovered recently, due to potential for strong capital return, rising dividends and benefit from regulatory reforms even over the next couple of years,” Vivek Juneja, an analyst at JPMorgan, said in a note Thursday. “In addition, there is potential for more rate hikes offsetting weak loan growth and modest fee income growth.”

History shows bank stocks have typically bounced around the release of these stress tests.

Source: MKM Partners

MKM Partners created a composite chart of the price action by the Financial Select SPDR ETF and found the stress tests usually mark a turning point for the sector.

Senior Fed officials said on a call with journalists Wednesday that the number of banks tested this year has declined from previous years, and that not objecting to a plan doesn’t mean a bank has fully met the Fed’s expectations.

The Fed’s blessing of the big banks comes at a time when the central bank expects to raise benchmark interest rates once more this year.

That said, the broader market failed to move higher as a fall in tech weighed on the major stock indexes.

—CNBC’s John Melloy and Evelyn Cheng contributed to this report.

Source: Investment Cnbc
Bank stocks surge after banks get Fed's blessing to unleash big buybacks, dividends

Comments are closed.