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: Calculated RiskMore Stress Test Leaks: Morgan Stanley, JPMorgan, AmEx all Pass
By Anonymous
From WSJ: J.P. Morgan, American Express Won't Need New Capital
[F]ederal banking regulators have informed Regions Financial Corp., a regional bank based in Birmingham, Ala., that it needs to raise new capital, according to a person familiar with the matter.From Bloomberg: Bank of America, Citigroup, Wells Fargo, GMAC Need More CapitalA spokesman at Regions declined to comment Wednesday. The size of the cushion that regulators told bank executives they need to protect Regions from potential losses wasn't immediately clear.
Here is a scorecard by asset size (let me know if you hear of any other leaks - we will know it all tomorrow!):
| Name | Total Assets (Billions) | Stress Test Results |
|---|---|---|
| 1. Bank of America | 2,500 | Needs $34 billion |
| 2. JPMorgan Chase | 2,175 | Pass |
| 3. Citigroup | 1,947 | Needs |
| 4. Wells Fargo | 1,310 | Needs $15 billion |
| 5. Goldman Sachs | 885 | Pass |
| 6. Morgan Stanley | 659 | Pass |
| 7. MetLife | 502 | Pass |
| 8. PNC Financial Services | 291 | ??? |
| 9. U.S. Bancorp | 267 | ??? |
| 10. Bank of New York Mellon | 238 | Pass |
| 11. GMAC | 189 | Needs $11.5 billion |
| 12. SunTrust | 189 | ??? |
| 13. State Street | 177 | ??? |
| 14. Capital One Financial Corp. | 166 | ??? |
| 15. BB&T | 152 | ??? |
| 16. Regions Financial Corp. | 146 | Needs $$$ |
| 17. American Express | 126 | Pass |
| 18. Fifth Third Bancorp | 120 | Needs $3.3 billion (1) |
| 19. KeyCorp | 105 | Needs $3.3 billion (1) |
(1) Citi estimate. (ht Turbo)
Full post as published by Calculated Risk on May 06, 2009 (boomark / email).
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