The Federal Reserve just put two dates on the calendar that every bank trader needs to know.

The Federal Reserve just put two dates on the calendar that every bank trader needs to know.

First — the Fed issued enforcement actions against a former Atlantic Union Bank employee and a former Frost Bank employee. Individual-level actions. Not institutional. But when the Fed moves against former staff, it signals active oversight culture. Watch AUB and CFR for any reaction.

Second — and this is the one that moves positions — the Fed has confirmed annual bank stress test results drop Wednesday, June 24th, at 4 p.m. EDT. That's your hard deadline. Every major bank holding company is in scope. JPM, BAC, WFC, GS, MS, C — all of them get graded that afternoon. Stress test results move capital return expectations. Buybacks. Dividends. The market prices it fast.

Mark June 24th. Four p.m. Eastern. Clear your schedule.

Numbers don't lie. People do. Trade accordingly.