- Wells Fargo (WFC +1.7%) reports a Tier 1 common capital ratio of 10.3% following 9 quarters of "severely adverse" economic conditions. That's up from 8.3% modeled at the March stress test, and well north of the 5% regulatory minimum.
- Like all of the other severe scenarios envisioned (see earlier stress test results), Wells' doomsday model assumes interest rates behave, i.e. head sharply lower.
- Wells Fargo 2013 Mid-Cycle Stress Test Results.
Wells: Stress test results improve over last time
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