Struggling one day after the CCAR results are insurers AIG (AIG -0.9%), MetLife (MET -2.3%), and Prudential (PRU -2.6%). The group wasn't part of the CCAR process, but is potentially under the thumb of the Fed as it relates to capital returns.
If there is one takeaway from the CCAR, it's that the Fed - if anything - is getting even tougher with the larger institutions as it relates to capital returns. Citigroup was rejected and BofA and Goldman - facing rejection - were forced to dial back plans and resubmit their requests. "CCAR highlighted the challenges large-caps have in returning excess capital," said Goldman's Richard Ramsden earlier today.