Less Stressful Tests Seen Boosting U.S. Bank Payouts $30 Billion
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Analysts estimate BofA could return 63% more to shareholders
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Fed to release 2017 results in two stages this week and next
The stress of stress tests may be over. At least for now.
After seven annual exercises in which at least one U.S. bank failed, all of the nation’s 34 largest lenders will probably pass this year’s Federal Reserve exam when results are revealed this week and next. That’s because the toughest component of the analysis of how firms would fare during a hypothetical crisis, the so-called qualitative review, no longer applies to the majority of those being tested.
The easing pressure will allow banks including Bank of America Corp. and Citigroup Inc., which struggled with the tests in early years, to put about $30 billion more cash in shareholders’ pockets, according to analysts’ estimates…
Less Stressful Tests Seen Boosting U.S. Bank Payouts $30 Billion
