Breaking Down the Bank Stress Tests, and the Man Who Moves the Markets

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 24 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big bank stocks on the move after the latest round of bank stress test results were released. We dive in to what it means for the names with RBC’s Gerard Cassidy. Plus, big moves for FedEx and Nike in the after-hours. We break down their earnings reports. And the Man Who Moves the Markets, J.P. Morgan’s Marko Kolanovic lays out his playbook for stocks this summer.

Transcript

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0:00.0	Live in the Nasdaq market site overlooking New York City's Times Square, this is Fast
0:05.6	Money.
0:06.6	I'm Melissa Lee.
0:07.6	Tonight's Trader lineup, Guy Adami, Dan Nath, and Brian Kelly, and Nadine Termin.
0:10.3	Tonight on Fast, don't fear the summer slump with the S&P at record highs.
0:13.7	The man who moves the markets, JP Morgan's Marco Kalanovic tells us where he sees stocks
0:18.4	going from here.
0:19.4	Plus, we're all over the after-ows action shares of FedEx and Nike will break down the
0:23.0	earnings results.
0:24.0	Give you the trades.
0:25.0	And later, loyal Fast Money fans might remember Guy Adami here had a different way to play
0:29.5	biogen's Alzheimer's treatment news, while that trade is working out in a very big way
0:34.5	today.
0:35.5	He'll give us the trade update.
0:36.5	We start off the big news from the big banks, finding to the latest round of stress tests
0:40.5	released just in the last half hour.
0:42.5	Let's get straight to Leslie Picker, who's got all the details.
0:44.5	Hey, Les.
0:45.5	Hey, Melissa, the Fed paving away for a big second half for bank dividends and buybacks.
0:49.5	Today's stress test results showed that all 23 large banks were able to maintain capital
0:54.6	levels well above their required levels that clears the way for the Fed to lift the previous
0:58.9	restrictions on payouts that were instituted during the COVID outbreak last year.
	...

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