It is that time of the year again when U.S. banks are subjected to their annual stress test exercise. A bank stress test is essentially a simulation conducted to analyze how banks would react to adverse market conditions. For instance, a recession or a financial market crash. Fortunately, all the U.S. banks cleared their annual stress test last week.
Following that, the U.S. Federal Reserve believes that the top lenders in the country could easily weather a severe economic downturn. Therefore, that gives them a clean bill of health and allows them to reward their shareholders. As a result, bank stocks could be in focus in the stock market today.
Do You Have These 5 Top Bank Stocks On Your Watchlist Right Now?
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