A major caveat: Market watchers have been talking about companies sitting on cash for a long time. The amount has been roughly the same nearly three years, and nothing so far has convinced companies to spend it liberally.
Once millennials get in on an upward trend, count on the market to head in the opposite direction.
It's a classic example of headline risk on a topic Wall Street would prefer to avoid.
Morgan Stanley, Goldman Sachs and State Street clear thresholds - but barely
The second piece of the annual reviews determines how much banks can spend on dividends and stock buybacks.