Markets Turn More Bullish As Bank Shares Rise On Stress Test Results
Portfolio Pulse from Lisa Levin
Bank stocks, including JPMorgan Chase & Co. (NYSE:JPM) and The Goldman Sachs Group, Inc. (NYSE:GS), rose following the Fed's stress test results, which showed all 23 banks tested remained above their minimum capital requirements during a hypothetical recession. The U.S. economy expanded by an annualized rate of 2% in Q1, higher than expected. Investors are awaiting earnings results from Constellation Brands, Inc. (NYSE:STZ) and Biotricity, Inc. (NASDAQ:BTCY). The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors.
June 30, 2023 | 6:35 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Biotricity.
The upcoming earnings results from Biotricity could potentially impact its stock price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Constellation Brands.
The upcoming earnings results from Constellation Brands could potentially impact its stock price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Goldman Sachs' stock rose following positive Fed stress test results.
The positive results from the Fed's stress test have increased investor confidence in Goldman Sachs, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan's stock rose following positive Fed stress test results.
The positive results from the Fed's stress test have increased investor confidence in JPMorgan, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80