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After the Federal Reserve's stress test, major Wall Street banks increased dividends and stock buybacks.
On Friday, the US banking industry announced an increase in dividend payouts, such as JPMorgan's plans to buy back $30 billion in stocks and Morgan Stanley receiving approval to buy back as much as $20 billion in stocks. Overnight on Friday, bank stocks rose across the board, with Citigroup rising 3.1% and Wells Fargo & Co. rising 3.43%.
RBC Capital Maintains KeyCorp(KEY.US) With Buy Rating, Maintains Target Price $16
RBC Capital analyst Gerard Cassidy maintains $KeyCorp(KEY.US)$ with a buy rating, and maintains the target price at $16.According to TipRanks data, the analyst has a success rate of 61.4% and a total
Unusual Options Activity: BEKE, TFC and Others Attract Market Bets, BEKE V/OI Ratio Reaches 100.9
EST Jun 28th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trend
Moody's said that interest rate cuts can alleviate the plight of the banking industry in the United States.
Many problems in the American banking industry depend on the direction of Federal Reserve interest rates.
Bank of America Analyst Highlights Fed Stress Test Opacity, Varying Bank Impacts: 'Goldman Sachs Worst Hit, Huntington Best'
The latest Federal Reserve stress test results have highlighted "the inherent opacity" of the Fed evaluation process, according to Bank of America analyst Ebrahim H. Poonawala.The tests, which assess
J.P. Morgan Maintains KeyCorp(KEY.US) With Hold Rating, Cuts Target Price to $16.5
J.P. Morgan analyst Steven Alexopoulos maintains $KeyCorp(KEY.US)$ with a hold rating, and adjusts the target price from $17.5 to $20.According to TipRanks data, the analyst has a success rate of 47.1