Bank Stocks Soar to Three-Year Highs After Fed Stress Test Success, Payouts Expected
Bank Stocks Soar to Three-Year Highs After Fed Stress Test Success, Payouts Expected US bank stocks have surged to their highest levels in three years, fueled by investor confidence following the Federal Reserve’s recent stress test results. After all major lenders comfortably cleared the annual assessment last week, anticipation is building for a significant boost in share buybacks and dividends. The KBW Bank Index, a key gauge of bank performance, rose 1.5% on Tuesday, marking its ninth consecutive day of…