JPMorgan questions Federal Reserve's OCI projections for 2024 stress test, concerns about inaccuracies

From Nasdaq: 2024-06-26 23:44:54

Based on its review of the Federal Reserve’s 2024 stress test results, JPMorgan Chase & Co. has concerns regarding the projections for Other Comprehensive Income (OCI), which appear to be too large. If the company’s analysis is correct, stress losses could be slightly higher than reported by the Federal Reserve. As of March 31, 2024, JPMorgan reported a Standardized Common Equity Tier 1 (CET1) capital ratio of 15.0%, exceeding regulatory requirements by 3.1%. This corresponds to $54 billion in excess capital.



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