Goldman And JPMorgan Officially Pass Stress Test

The Federal Reserve said Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) have officially passed their annual stress tests. The world’s biggest trading firms had their revised capital plans for 2013 cleared by the Federal Reserve, ahead of their next year’s submissions. Stress test results During March, the Federal Reserve announced stress test results for 18 large financial institutions. The stress test evaluated the capital adequacy of bank holding companies (BHC)’s in a stressed scenario. Both Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) passed the stress tests in March, which are intended to assess whether…