TFC - Eased stock buyback restrictions are good news for banks analysts say

Overall, analysts call the Federal Reserve's timeline to lift temporary restrictions on bank dividends and stock buybacks a positive development.Bank stocks are rising on that news, along with the increase in Treasury yields; SPDR S&P Bank ETF ([[KBE]] +1.5%), SPDR S&P Regional Banking ETF ([[KRE]] +1.6%)Goldman Sachs analyst Richard Ramsden calls the development a "modest positive," given that many investors didn't expect the additional restrictions to be lifted until the ew stress capital buffers took effect in Q4 2021.He estimates that in Q2 2021, the last quarter with the additional capital return requirements, banks will be able to make a maximum of $22B in total share buybacks or 120 basis points as a percentage of market cap.Sees Santander Consumer USA ([[SC]] +2.0%), Capital One Financial ([[COF]] +0.9%), Ally Financial ([[ALLY]] +1.0%), Morgan Stanley ([[MS]] +0.7%), and Bank of New York Mellon ([[BK]] +1.5%) as having the greatest capacity for buybacks

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Eased stock buyback restrictions are good news for banks, analysts say