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Results Of The Stress Test, By The Numbers

Results Of The Stress Test, By The Numbers

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Today, the Federal Reserve released the results of their Bank Stress tests. The banks stress tested, as well as their additional capital requirements are listed below. I hope you didn’t eat a heavy lunch…

  • American Express: No additional capital requirement.
  • Bank Of America: $33.9 Billion
  • BB&T Corp: No additional capital requirement.
  • The Bank Of NY Mellon Corp: No additional capital requirement.
  • Capital One : No additional capital requirement.
  • Citigroup: $5.5 Billion
  • Fifth Third Bancorp: $1.1 Billion
  • GMAC: $11.5 Billion
  • Goldman Sachs Group: No additional capital requirement.
  • JP Morgan : No additional capital requirement.
  • KeyCorp: $1.8 Billion
  • MetLife: No additional capital requirement.
  • Morgan Stanley: $1.8 Billion
  • PNC Financial Services: $600 Million
  • Regions Financial Corp: $2.5 Billion
  • State Street Corp: No additional capital requirement.
  • SunTrust Bank: $2.2 Billion
  • US Bancorp: No additional capital requirement.
  • Wells Fargo & Company: $13.7 Billion

Compared with the leaked numbers from Wednesday, it appears most companies actual results have improved. Banks collectively need to come up with an additional $74 billion dollars in order to avert disaster should our economy significantly worsen.