US banking lobby groups have filed a lawsuit against the Federal Reserve over stress testing, seeking transparency in the process and models used. The lawsuit aims to push for changes in the stress test framework for large US banks like JPMorgan Chase and Bank of America, with a focus on making results less volatile. The industry groups are calling for more visibility into the Fed’s stress test models and scenarios, and are aiming to have any changes implemented by the 2026 cycle.
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The Biggest Takeaways From Axon Enterprise's Aug. 4 Earnings Report
On August 4, Axon Enterprise (NASDAQ: AXON) released its second-quarter financial report, leading to an 18% increase in its stock price, closing at approximately $745 per share. This rise contributes to a total year-to-date gain of 48% as of August 6. Want More Context? 🔎
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