Saturday, December 5, 2020

Tag: JP Morgan Insider Rats Dumping Shares As Bank Ups Buyback

JP Morgan Insider Rats Dumping Shares As Bank Ups Buyback

by Dave Kranzler, Investment Research Dynamics:
After it was announced that the Fed gave the big banks a pass on their “stress” test, the TBTFs announced huge dividend and share buyback plans:

If the banks had properly marked to market their Level 3 assets and some of their riskiest non-Level 3 assets, would they have still passed the Fed stress test, which essentially places a stress-test “bar” on the ground and lets the banks step over it? Probably not. This would explain why JPM insiders have been dumping shares en masse over the last three months: