• Federal Reserve loosens restrictions on big bank stock buybacks

    Federal Reserve loosens restrictions on big bank stock buybacks0

    The Federal Reserve on Friday loosened its ban on share buybacks for the largest banks that were put in place earlier this year to ensure the sector had enough capital to continue to function during the coronavirus pandemic. The decision follows another round of Fed stress tests that show all banks met capital requirements under

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  • Goldman Sachs Stock Nears a Record High

    Goldman Sachs Stock Nears a Record High0

    Text size Goldman Sachs headquarters in lower Manhattan. JOHANNES EISELE/AFP via Getty Images Goldman Sachs Group stock was flirting with a record high on Tuesday amid growing optimism about its results for the fourth quarter and its 2021 outlook. Shares of Goldman (ticker: GS) were up 3%, to $272.58, just shy of the record closing

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  • Banks Can Buy Back Stocks Again. Wall Street Is Cheering.

    Banks Can Buy Back Stocks Again. Wall Street Is Cheering.0

    Text size Johannes Eisele/AFP via Getty Images Bank stocks have reason to pop the champagne before New Year’s Eve. Shares of the sector soared on an otherwise down day for Wall Street as investors cheered the Federal Reserve’s move to allow the nation’s largest banks to resume share repurchases, subject to limitations. The SPDR S&P

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  • The Fed Says Banks Can Buy Back Stock Again. JPMorgan and Goldman Sachs Are Soaring…

    The Fed Says Banks Can Buy Back Stock Again. JPMorgan and Goldman Sachs Are Soaring…0

    Text size The JPMorgan Chase & Co. World headquarters are pictured on April 17, 2019 in New York City. JOHANNES EISELE/AFP/Getty Images The Federal Reserve’s latest stress-test results were released Friday. If the stock market is any indication, it looks like many large banks passed. Starting next month, the central bank will permit banks to

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