Q: US bank stress test.
I read about the recent stress test results. Apparently results in general are not great.
Apparently Wells Fargo may cut their dividend next quarter and JPM opened the door by saying it was possibility they too could cut in the future. Never heard of such from the Canadian banks.
I have 20% of my total RRSP portfolio in JPM, Bank America, and Bank of New York Mellon.
They big US banks in general performed very well since the financial recession but now I wonder for the future?
Stephane
I read about the recent stress test results. Apparently results in general are not great.
Apparently Wells Fargo may cut their dividend next quarter and JPM opened the door by saying it was possibility they too could cut in the future. Never heard of such from the Canadian banks.
I have 20% of my total RRSP portfolio in JPM, Bank America, and Bank of New York Mellon.
They big US banks in general performed very well since the financial recession but now I wonder for the future?
Stephane