|Banks execs planning dividends will feel sharp pains following Fed stress testing.|
- Gross domestic product declining 4% vs. 1.5%.
- Unemployment reaching 13%, vs. 11%.
- Home prices falling 21% vs. 11%.
- Equity markets declining 52% vs. 27%.
Investors are on the lookout for a Fed slip up or a bond market bubble.
Warren Buffett's Berkshire Hathaway new $520.7 million position sent shares of Synchrony higher over 4.4% during afternoon trading on Tuesday.
Investment banks' biggest revenue driver is continuing a nosedive into September.
It's been below zero for 78 straight days.
Analyst Mike Mayo stays bullish on banks.