The U.S. Federal Reserve announced that it could begin to shrink its balance sheet following its next meeting in September, while also leaving short-term interest rates unchanged Wednesday. 

The much-anticipated announcement directly affects the banking sector, but shares of the largest investment banks were left unaffected by the Fed's announcement in afternoon trading Wednesday. 

Bank of America Corp. (BAC) - Get Report had been trending lower ahead of the announcement but did not make any significant moves lower following the Fed's decision. BAC shares were down 0.53% to $24.35 Wednesday afternoon.

JPMorgan Chase and Co. (JPM) - Get Report was also in the red Wednesday afternoon but was little changed from its position earlier in the day. JPMorgan shares were down 0.6% to $92.24 Wednesday afternoon. 

The Goldman Sachs Group Inc. (GS) - Get Report shares were in the green all day and remained steady Wednesday afternoon. The stock was up -.63% to $222.98. 

Citigroup Inc. (C) - Get Report was also in positive territory all day, remaining unchanged following the Fed's decision. The stock was up 0.47% to $68.36 in afternoon trading. 

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