Banks pass, investors cash in
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 2 July 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Wednesday: VRNT, CNC, and more
All 22 banks pass Fed's 2025 stress test on capital levels
Baidu revamps search engine with AI features, voice functionality - report
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Intel's new CEO said to weigh ending 18A marketing to new customers
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | It's good to be with you on this Wednesday, July 2nd. I'm Julie Morgan. |
| 0:13.0 | Stress is apparently a good thing. CBS settles with Trump and Varentize a deal. |
| 0:19.0 | If you put the word stress in the search bar on seeking alpha, you'll see a host of |
| 0:24.7 | articles about banks that have been published in the last day or so. |
| 0:28.9 | The articles highlight the bank's actions as a result of the Fed's annual stress test. |
| 0:34.1 | You'll notice most of the articles say that the bank in question plans to raise, increase, |
| 0:39.4 | or boost its dividend. For example, Citigroup plans to raise its quarterly dividend 7.1% to 60 cents per share |
| 0:48.2 | from its current level of 56 cents as a result of the 2025 Federal Reserve Stress Test. Wells Fargo plans to boost its quarterly |
| 0:57.0 | dividend by 12.5% to 45 cents per share from its current level of 40 cents. And if those |
| 1:04.4 | double digits seem high, Goldman Sachs is planning to increase its quarterly dividend by 33% to $4 per share starting July 1st from its |
| 1:14.1 | current level of $3 per share. It is important to note that all 22 banks pass the test. Fed Vice |
| 1:21.7 | Chair for supervision Michelle Bowman said in a statement last week following the stress test that |
| 1:27.1 | large banks remain well |
| 1:28.5 | capitalized and resilient to a range of severe outcomes. I'll leave a link to an article in show |
| 1:34.6 | notes that details the Fed's 2025 recession scenario. Paramount Global, the parent firm of CBS, |
| 1:42.5 | has reached an agreement to pay $16 million to settle President Trump's lawsuit over a 60 minutes interview with the former vice president. |
| 1:52.1 | Trump sued CBS last year for $10 billion, alleging that it deceptively edited the interview with Kamala Harris to attempt to tip the scales in favor of the Democratic Party in the 24 presidential election. |
| 2:05.9 | The claim was later raised to $20 billion. |
| 2:08.6 | Paramount noted that the settlement does not include a statement of apology or regret. |
| 2:14.0 | The money won't be paid directly or indirectly to President Trump, but will go towards his legal fees and costs and his future presidential library, which is similar to the ABC News $15 million settlement last year. |
| 2:28.2 | The company also agreed to release transcripts of future 60 Minutes interviews with presidential candidates after the interviews have |
... |
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