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Wednesday, May 6, 2009

Stress Test

The big announcement, the stress test result, is coming tomorrow for the nations 19 largest financial institutions.  The stress test which test the banks financial strength with the worst case scenario would let the government know if the bank need addtional equity or not.  So far it is reported that 10 of the 19 largest US financial institutions would need additional capitals.  Among the 10, Bank of America and Wells Fargo are said to be included.

So what are the 19 institutions?  Here they are:
  • American Express(AXP)   
  • Bank of America(BAC)
  • BB&T(BBT)
  • Bank of New York Mellon (BK)
  • Citigroup(C)
  • Capital One Financial (COF)
  • Fifth Third (FITB)
  • GMAC (GMA)
  • Goldeman Sach (GS)
  • JPMorgan Chase (JPM)
  • KeyCorp (KEY)
  • MetLife (MET)
  • Morgan Stanley (MS)
  • PNC Financial (PNC)
  • Regional Financial (RF)
  • SunTrust (STI)
  • State Street (STT)
  • U.S. Bankcorp (USB)
  • Wells Fargo (WFC)