Business

Banks React to Fed Stress Test Results

Updated 2026-06-24 21:10 UTC 1 source Positive

Following the Federal Reserve's stress test results, JPMorgan Chase announced a $50 billion stock buyback plan while Goldman Sachs raised its dividend. Both moves reflect confidence in their financial health.

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CNBC

JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test

The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.

2026-06-24 20:58 UTC