When the Fed announced that it had approved the CCAR submissions of all 34 banks it had reviewed, it was followed by a flurry of dividend raise and share buyback announcements. Citigroup (C), Bank of America (BAC) and Morgan Stanley (MS) alone authorized buybacks of more than $32 billion.
The SPDR S&P Bank ETF (KBE) is up 3.5% since the CCAR results were announced while each of those three big banks is up roughly 5%.