US Stock Market Update | JPMorgan Chase briefly rose 2%, reaching a new all-time high
On Monday, JPMorgan Chase briefly rose by 2%, reaching a historical high. As of the time of writing, the stock has risen by over 1.8%, trading at $205.9. Last week, the Federal Reserve released the annual bank stress test results, revealing that all banks participating in the test could meet the minimum capital requirements in an extreme economic downturn scenario. This result demonstrates that the U.S. banking industry has sufficient capital buffer capacity, opening the door to enhancing shareholder returns
According to Zhitong Finance APP, on Monday, JPMorgan Chase (JPM.US) rose by 2% at one point, reaching a historical high. As of the time of publication, the stock has risen by over 1.8%, trading at $205.9. Last week, the Federal Reserve released the results of the annual bank stress tests, finding that all banks participating in the test could meet the minimum capital requirements in an extreme economic downturn scenario. This result demonstrates that the U.S. banking industry has sufficient capital buffer capacity, opening the door to enhancing shareholder returns