Fed's 2023 Stress Test Results: How Many Of 23 Banks Passed?
Portfolio Pulse from AJ Fabino
All 23 banks passed the Federal Reserve's annual stress test, reaffirming the stability of the U.S. banking system. The test involved a hypothetical recession and financial market shock scenario. Despite a projected $541 billion loss, all banks remained above their minimum capital requirements. The test included major banks like JPMorgan Chase & Co, Bank of America Corp, Goldman Sachs Group Inc, and Citigroup Inc.
June 28, 2023 | 9:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bank of America Corp passed the Federal Reserve's annual stress test, indicating its financial stability.
Passing the stress test indicates that Bank of America is financially stable and capable of supporting the economy during economic downturns. This could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Citigroup Inc passed the Federal Reserve's annual stress test, indicating its financial stability.
Passing the stress test indicates that Citigroup is financially stable and capable of supporting the economy during economic downturns. This could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs Group Inc passed the Federal Reserve's annual stress test, indicating its financial stability.
Passing the stress test indicates that Goldman Sachs is financially stable and capable of supporting the economy during economic downturns. This could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JPMorgan Chase & Co passed the Federal Reserve's annual stress test, indicating its financial stability.
Passing the stress test indicates that JPMorgan is financially stable and capable of supporting the economy during economic downturns. This could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100