The biggest banks rose after clearing the Federal Reserve’s annual health check, setting the stage for billions in stock buybacks and dividends, Manya Saini of Reuters reports. The central bank said the largest U.S. banks were well-positioned to withstand a future economic downturn and continue lending. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
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