The Fed just put two dates on the calendar that every bank trader needs to know.
The Fed just put two dates on the calendar that every bank trader needs to know. Two moves out of the Federal Reserve. First — enforcement actions issued against a former Atlantic Union Bank employee and a former Frost Bank employee. Individual-level actions, not institutional. But when the Fed…
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know.
Two moves out of the Federal Reserve. First — enforcement actions issued against a former Atlantic Union Bank employee and a former Frost Bank employee. Individual-level actions, not institutional. But when the Fed names names, compliance desks notice.
Second — and this one's bigger for the tape. The Fed has confirmed annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. That's your hard date. Every major bank holding company is in that pool. Results hit after the close, so Thursday morning open is when price moves.
Mark it. Stress test outcomes move bank stocks. Tier-one capital ratios, dividend capacity, buyback authorization — all of it flows from that release. JPMorgan, Goldman, Citi, Wells, BofA, Morgan Stanley — they all have skin in this.
June 24th, 4 p.m. Eastern. Set the alert now.
Numbers don't lie. People do. Trade accordingly.