Stress Tests

(1) A bank stress test with additional sensitivity to the virus. (2) A group of 34 lenders get tested for V/U/W scenarios. (3) A freeze on buybacks and a cap on dividends. (4) Awash in deposits and making lots of loans. (5) Provisioning for more losses. (6) GFC was much worse for Financials than GVC so far. (7) Large corporations in better position to survive GVC than small businesses. (8) Financials led dividend cuts during GFC. This time, Energy more likely to lead the way. (9) Tech firms and Financials are the big repurchasers of their own shares. (10) Buybacks data confirm that most are to offset dilution from employee stock compensation plans rather than to boost EPS.