Stress Tests: No Surprises

Friday, May 08, 2009

The Federal Reserve announced the long-awaited results of the bank stress tests offering few surprises as most of the report was leaked throughout this past week. Under the Fed's analysis, in the worst case scenario, banks could face up to $600 billion in further losses through 2010. Ten of the total 19 institutions will be required to raise a total of $74.6 billion to shore up their balance sheets.

American Express Pass KeyCorp $1.8B
Bank of America $33.9B MetLife Pass
BB&T Pass Morgan Stanley $1.8B
Bank of New York Mellon Pass PNC Financial $0.6B
Capital One Pass Regions Financial $2.5B
Citigroup $5.5B State Street Pass
Fifth Third Bancorp $1.1B SunTrust Banks $2.2B
GMAC $11.5B US Bancorp Pass
Goldman Sachs Pass Wells Fargo $13.7B
JP Morgan Pass


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