Seeking Alpha

user_bloomfieldNJ

user_bloomfieldNJ
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • The results of the first-ever "mid-cycle" stress tests of the big banks are due Friday. Unlike the Fed exams completed in March, these tests are self-administered and based on scenarios of the banks' own choosing. Will any fail themselves? Worth watching are BB&T (BBT) and Ally Financial - both of whom failed the Fed test. Others required to submit: GS, JPM, BAC, BK, AXP, COF, C, FITB, MS, PNC, RF, STT, STI, USB, WFC[View news story]
    STI failed in the 2012 CCAR.

    In the 2013 CCAR, Ally and BB&T failed. BB&T failed for more 'qualitative' reasons, so I would expect them to 'pass'. Ally will probably struggle.

    The external company releases are not required until September, so there will be a bit of time between now and then until the general public finds out.
    Jul 3 04:28 PM | Likes Like |Link to Comment
COMMENTS STATS
1 Comment
0 Likes