After replicating the government's stress tests, FBR's Paul Miller says 11 of the 12 (BAC, WFC,...

|By:, SA News Editor

After replicating the government's stress tests, FBR's Paul Miller says 11 of the 12 (BAC, WFC, C, PNC, USB, COF, STI, RF, BBT, FITB, KEY) commercial banks being examined will have to raise additional equity, with JPMorgan (JPM) the only exception. Earlier, Miller said 14 of the 19 firms being tested would need to raise capital, and warned markets may be underestimating the sums needed.