The top U.S. banks all passed the Federal Reserve’s annual stress test, which is closely watched by the financial industry, which brought much relief to investors.
The 23 financial institutions subject to the Fed’s annual bank stress test were expected to pass with little issue.
The assessment was a major hurdle towards paying billions of dollars to bank stockholders, but there is little cause for celebration due to the mixed economic picture.
Shares of JPMorgan Chase, Morgan Stanley, Goldman Sachs Group, and Wells Fargo all rose on June 28 after the res …