- June 25, 2021
- Posted by: Stratford Team
- Category: Business
Fox News contributor Liz Peek and Brandywine Global portfolio manager Jack McIntyre analyze the market’s reaction to an infrastructure deal.
America’s largest banks aced the Federal Reserve’s stress tests and are now free to dole out dividends and step up share buybacks which were restricted during the height of COVID-19.
Ticker Security Last Change Change %JPM JPMORGAN CHASE & CO. 152.51 +1.39 +0.92%WFC WELLS FARGO & CO. 45.18 +1.22 +2.78%BAC BANK OF AMERICA CORP. 40.83 +0.63 +1.57%
Those restrictions will be lifted officially on June 30 after 27 of the nation’s largest banks including JPMorgan, Wells Fargo, and Bank of America, now hold more than double the average capital cushion required by the Fed to ensure the stability of the U.S. financial system and the ability to lend to both businesses and consumers.
Bank of America CEO Brian Moynihan is among the chiefs that will start rewarding shareholders who currently sit with a dividend…
