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 today. First — enforcement actions filed against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures released. Personnel actions, not…
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know.
Two moves out of the Federal Reserve today. First — enforcement actions filed against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures released. Personnel actions, not institutional penalties. Watch how AUIN and CFR trade on the open.
Second — and this one's bigger. 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 scope. Stress tests set capital requirement narratives. Capital narratives move dividends, buybacks, and forward guidance. JPM, BAC, WFC, C, GS, MS — all of them on the clock. Two weeks out. Start watching positioning now.
The enforcement actions are noise. The stress test date is the signal.
Mark June 24th, 4 p.m. Eastern. Whatever you're doing, stop.
Numbers don't lie. People do. Trade accordingly.