In baseball, if a player smacks a hit 30% of the time they come to the plate, he or she is considered to be an exceptional talent. Given that, let’s give a hearty, sustained round of applause to America’s top lenders.
They deserve their hurrahs because each of the 32 banks and other financial institutions subjected to this year’s annual Federal Reserve (Fed) stress tests passed with the proverbial flying colors. Read on for which companies did the best under the Fed’s watchful eye, why the results are such good news for our economy, and how this will impact the shareholders of these companies.
This post originally appeared at The Motley Fool.