The annual bank stress tests provide Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), and the rest of the country's biggest banks the opportunity to show the Fed they are in a healthy and safe position. This past week, the Fed revealed the results and the reaction was quite mixed.
In this segment from Friday's episode of The Motley Fool’s financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's numbers, the winners and losers, and what it all means for this week's CCAR results.
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David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America, Citigroup, and JPMorgan Chase. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.