The largest American banks recently passed a key stress test conducted by the Federal Reserve.
The test demonstrated their ability to withstand a severe economic recession, accompanied by significant downturns in the economy, job losses, and a market collapse, while maintaining sufficient liquidity to sustain their strength.
Even with the possibility of incurring losses exceeding $550 billion, all 22 banks remained above safety thresholds. This could lead to a relaxation of banking regulations and an increase in profits.
Some banks, such as JPMorgan and Bank of America, may return more funds to investors through stock buybacks and dividend distributions.
More updates are expected next week.
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