Goldman, Morgan Stanley do better in Fed stress tests after 2018’s stumble

ALL 18 BANKS REQUIRED TO PARTICIPATE in the first round stress test exam demonstrated an ability to withstand a hypothetical financial shock. / COURTESY FEDERAL RESERVE
ALL 18 BANKS REQUIRED TO PARTICIPATE in the first round stress test exam demonstrated an ability to withstand a hypothetical financial shock. / COURTESY FEDERAL RESERVE
NEW YORK – Goldman Sachs Group Inc. and Morgan Stanley improved on last year’s poor results in the first round of the latest Federal Reserve stress tests, a sign they may have more flexibility to boost payouts to shareholders. In figures posted Friday by the Fed, the pair didn’t come as close to breaching regulatory…

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