Fed just put a date on the stress test results — and every major bank stock needs to be on your radar right now.

Fed just put a date on the stress test results — and every major bank stock needs to be on your radar right now.

Here's what we know. The Federal Reserve confirmed it: annual stress test results drop Wednesday, June 24th, four p.m. Eastern. Nine days out. Mark it.

Stress tests set capital requirements. Capital requirements determine dividend capacity and buyback authorization. JPMorgan, Bank of America, Goldman, Wells Fargo, Morgan Stanley, Citi — all of them have a binary event on the calendar.

Historically, results land after close to limit immediate volatility. But pre-announcement positioning starts now. Watch implied volatility on bank options this week. Watch credit default swaps on the financials. Watch XLF volume for unusual flow.

The Federal Home Loan Bank of Des Moines also dropped an 8-K with the SEC today. Details still processing. But FHLB filings in the same window as a stress test announcement are worth tracking — they operate inside the same regulatory plumbing.

Two datapoints. One hard date. June 24th, four p.m. Eastern. Set the alert.

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