Fed Disappoints But JPM Buyback And Everyone

passing the stress test have caused another big spike. Definitely a positive signal out of JPM but as the best of the banks, will the others keep up?  Group still trades like it is under-owned – today being no exception. And just yesterday everyone was worried about real estate and declining trading volumes. Definitely positive for JPM, we will see how well it translates to the other banks.

Does seem very well planned by JPM and the Fed since people thought stress tests had to be released before banks could do this.