Why The Boeing Company (BA) and Financials Are Leading Stocks Higher: Bank of America Corp (BAC), Citigroup Inc. (C)

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In addition, the Financial Times reported that JPMorgan has “requested a share buyback of about half of last year’s [$15 billion program]” as the nation’s largest bank by assets seeks to shore up its “fortress” balance sheet in the wake of the London Whale scandal. While the bank ended 2012 with record profit, its reputation was nevertheless tarnished. The bank has long been considered the best at risk-management. When the estimated $6 billion loss came to light, in turn, this reputation was called into question.

How this week’s capital-allocation requests are received by the Fed will largely dictate the direction of financial stocks over the foreseeable future. To see a list of the banks that passed and the one that failed, click here. And to read all about the stress tests, click here.

The article Why Boeing and Financials Are Leading Stocks Higher originally appeared on Fool.com and is written by John Maxfield.

John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup Inc (NYSE:C) , and JPMorgan Chase & Co (NYSE:JPM).

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