More on Fed stress tests

|By:, SA News Editor

Everybody (except Zions) passed, but among the Too Big To Fail banks, Bank of America (BAC) is the weakest performer under the Fed's severely adverse scenario, with its tier 1 common ratio dropping to 6.3%. Citigroup (C) goes to 7%, Goldman Sachs (GS) to 8.9%, JPMorgan (JPM) to 6.7%, Morgan Stanley (MS) to 7.6%, and Wells Fargo (WFC) to 8.2%.

The average tier 1 ratio for all banks tested is 8.4%.

There's not a whole lot of after-hours movement in any of the TBTF names.

ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, SEF, IYG, FXO, PFI, KBWB, FNCL, FINU, RWW, RYF, PSCF, FINZ

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