Fed Stress Tests: Ally Financial is the only bank not meeting the Fed standards.  All of...

This news story has 24 comments:

Register or Login to rate comments »

into dark shadows Comments (294)
 
Shocking!
Isn't it?
Not at all!
All is well, stay calm...
Buy stock,
buy more stock!
7 Mar, 04:40 PM Reply Like

Michael Bryant Comments (3508)
 
Buy what stock? Does Ally Financial have a stock? Yahoo Finance says ALLY FINANCIAL is (ALFI). Is that right?
7 Mar, 11:07 PM Reply Like

Blutopaz Comments (60)
 
....to M. Bryant.....buy KEY....today.......or yesterday......BluTopaz.
8 Mar, 07:03 AM Reply Like

Blutopaz Comments (60)
 
.....M. Bryant.....or STI.....both KEY and STI should give you 20% by Memorial Day....Why would anyone buy a $900 dollar bank like ALFI..??.....BluTopaz.
8 Mar, 07:07 AM Reply Like

Michael Bryant Comments (3508)
 
KeyCorp (KEY) - http://yhoo.it/13NyNUQ
SunTrust Banks (STI) - http://yhoo.it/13NyQ34

You think they can pass resistance?
9 Mar, 01:35 PM Reply Like

Michael Bryant Comments (3508)
 
And thanks for the tickers.
9 Mar, 01:35 PM Reply Like

Devilmaydare Comments (76)
 
Please note that GM did not buy the USA portion of Ally Bank, it only bought the assets of Ally Financial in some foreign countries.
7 Mar, 04:58 PM Reply Like

june1234 Comments (927)
 
Ally who? .Wonder if they used straws to decide the one that failed. With the markets breaking new ground I like the ones that passed while still trading waaaaay below their pre 08 highs. They had to pick somebody to fail this test like they did with Lehman. I still recall their former CEO saying why us (maybe if he'd been Ben's college roommate?)
7 Mar, 05:00 PM Reply Like

whidbey Comments (3035)
 
"All of the other 18 holding companies showed a Tier 1 Common Ratio higher than 5% under the central bank's severe loss scenario. "

So.... all but one are 5% better than the Fed loss ratio? Does that mean anything? Read the severe loss scenario; it is hardly equal to what happened in 2008. Are we being played with.... again?
7 Mar, 05:37 PM Reply Like

Macro Investor Comments (5770)
 
They should be at least 5000% higher. But even then the long tail risk will remain. I am selling everything tmrw.
7 Mar, 07:01 PM Reply Like

dividend_growth Comments (2748)
 
Stop whining you cynics.

US banks are in good and some are in excellent conditions.

They got very cautious after 2008 (when most loans have been since), and are close to working off legacy junk assets.

Even the super bad banks Fannie and Freddie are making money now. A few more years down the road, even these two will recover their equities and pay off the government.
7 Mar, 06:51 PM Reply Like

june1234 Comments (927)
 
I can tell by BAC , CITI and MS's stock prices what condition they're in and I have no doubt 2 of them at least can power forward.If any of them had to report their derivatives exposure I don't believe any of em would even be listed on the Vancouver exchange
7 Mar, 07:54 PM Reply Like

toomuchgas Comments (338)
 
There are still a lot who haven't paid off the government and who are owned by the government including Ally.
7 Mar, 08:29 PM Reply Like

Michael Bryant Comments (3508)
 
Plus they have all the cash from the bailout. Banks haven't loaned it all out yet.
7 Mar, 11:14 PM Reply Like

benitus Comments (785)
 
Ally bank used to be GE Money Bank, if I'm not wrong, so I don't know whether are we talking of the same Ally? They're the ones who used to finance all kinds of purchases.
7 Mar, 08:50 PM Reply Like

Brad Kenagy Comments (938)
 
As noted on CNBC today, US Bank stress test DO NOT take into account what would happen to derivatives held by banks. Where as European bank stress tests include derivatives in their stress tests.
7 Mar, 09:47 PM Reply Like

banker ted Comment (1)
 
BBT is a great bank. it was not involved in sub prime lending. never failed to make a profit even through the financial crisis. increased dividends twice since given fed approval. paid an extra .23 cent dividend 03/01/13 and its tier 1 level is stellar. most financial analysts will tell you it is probably the best managed bank in the US. why do so many people continually pick on BBT?
8 Mar, 03:36 AM Reply Like

Phr3d Comments (69)
 
glad you all got a chance to vent, hehe.
8 Mar, 04:32 AM Reply Like

mg1947 Comments (2)
 
buy BAC now! it is on the path to $20.00 by year end.
8 Mar, 06:30 AM Reply Like

User 856198 Comment (1)
 
And Ally pays the highest savings rate.
8 Mar, 06:35 AM Reply Like

j1stoner Comments (8)
 
Wonder why? Because they have to.
9 Mar, 07:24 PM Reply Like

Michael Bryant Comments (3508)
 
Is that because no one would put their money in the bank if the interest rate is not high enough for the risk?

But I think there is no risk. The Fed guarantees individuals up to $100,000 if a bank fails. So I would take advantage of the interest while you still can. Wish I bought Greek bonds a year ago.
10 Mar, 09:17 PM Reply Like

benitus Comments (785)
 
Michael, if I'm not wrong, the Fed guarantee has been revised recently to $250,000.
11 Mar, 10:06 AM Reply Like

Michael Bryant Comments (3508)
 
Thanks for letting me know!!! That's even better.
11 Mar, 11:14 AM Reply Like