Fed Gives Banks Green Light for More Payouts to Investors
July 02, 2019 at 10:48 AM EDT
The Federal Reserve gave banks the green light to offer more payouts to investors after 18 of the largest financial firms passed the second round of stress tests designed to assess the health of the financial system. For financial sector bulls, this could boost the Direxion Daily Financial Bull 3X ETF ( FAS A- ).