The Fed just put two dates on the calendar that every bank trader needs to know right now.
The Fed just put two dates on the calendar that every bank trader needs to know right now. Two items off the Fed wire. First — enforcement actions issued against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures disclosed. Personnel actions, not institutional…
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know right now.
Two items off the Fed wire. First — enforcement actions issued against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures disclosed. Personnel actions, not institutional penalties. Watch ATB and CFR for any reaction.
Second — and this is the bigger one — the Fed confirms 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. Results hit after close, so Thursday morning opens with full market reaction. JPM, BAC, WFC, C, GS, MS — all of them move on stress test day. Capital requirement surprises drive outsized moves in both directions. Know which way your position is leaning before that 4 p.m. print.
Mark June 24th, 4 p.m. Eastern. That's when the data lands.
Numbers don't lie. People do. Trade accordingly.