Banks wait on Fed stress tests


The Fed is due to release the results of its annual stress test on 30 banks today, with most expected to pass.

If the banks, which include JPMorgan (JPM), Citigroup (C) and Morgan Stanley (MS), are found wanting, they will have a few days to alter any plans to return money to shareholders - the Fed is due to say next week whether it will approve firms' dividend and/or stock-buyback programs.

Relevant tickers include GS, BAC, BK, AXP, COF, C, FITB, PNC, RF, STT, STI, USB, WFC.

ETFs of interest: KBE, KBWB, KRE, KCE, KBWC, XLF, IYF, PFI, VFH, RYF, RWW, FAS, UYG, FAZ, SKF, SEF, IAI, FXO, PSCF, KBWD, KBWB, IYG, FINU, FINZ.

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