J.P. Morgan Chase & Co. did more than pass the Federal Reserve's "stress test"—it beat the Fed to the punch in announcing its results. The Wall St Journal reportss that move left some rival bankers seething.
The Fed told many of the nation's largest banks around midday Tuesday that it would announce stress-test results at 4:30 p.m. EDT, after the close of the New York Stock Exchange, and that banks could issue news releases about increasing their dividends or share buybacks after the Fed's release....
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