Timing For Bank Dividend/Buyback Announcement

The Fed said on Sep 17 that it would announce "by the end of September" whether to extend into Q4 measures intended "to preserve capital" of the largest US banks. These measures ban buybacks and limit dividends, and an extension through the next quarter would presumably be negative news for shareholders.

There is no set time for this release as far as we are aware. Assuming it is today in line with the previous announcement, we would expect it would come after the US cash equity close, given its market-moving potential. Perhaps 1630ET which was the time of the June stress test release, or 1645ET which was the time of the Sep 17 release.