Reported about 13 hours ago
US banks saw an uptick in premarket trading after successfully passing the Federal Reserve's annual stress test, indicating their preparedness for potential economic downturns and enabling them to proceed with stock buybacks and dividends. The Fed's findings revealed that the 22 largest U.S. banks held strong capital levels despite potential losses, enhancing confidence in their ability to lend during crises. This positive outcome from the stress test is expected to attract more investor interest in the banking sector.
Source: YAHOO