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. Two items off the Fed wire right now.
Transcript
The Federal Reserve just put two dates on the calendar that every bank trader needs to know.
Two items off the Fed wire right now.
First — enforcement actions issued against a former Atlantic Union Bank employee and a former Frost Bank employee. Details are thin. But when the Fed drops enforcement language, you watch the parent institutions. Atlantic Union Bankshares. Cullen/Frost Bankers. Both on the radar.
Second — and this is the bigger one — the Fed has confirmed annual bank stress test results drop Wednesday, June 24th, at 4 p.m. Eastern. That's your hard timestamp. Stress tests move capital return expectations. Buybacks. Dividends. The big banks reprice fast after that release. JPMorgan, Goldman, BofA, Wells, Citi — all in play the moment that PDF hits.
Mark Wednesday 4 p.m. Eastern in red.
Pre-market Thursday could look very different depending on what those stress numbers say.
That's the brief.
Numbers don't lie. People do. Trade accordingly.