From CNBC: 2024-06-27 08:17:59

JPMorgan Chase revealed that the Federal Reserve overestimated a key income measure in the recent stress test, potentially impacting the bank’s disclosed losses. The error might delay the bank’s share repurchase plan announcement. This comes after the Fed announced that all 31 banks in the test passed, despite concerns from banks like Bank of America and Citigroup about income estimates.



Read more at CNBC: JPMorgan Chase says Fed stress test results contained an error