Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  BB&T Corporation    BBT

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

How the 19 banks fared in stress tests

03/14/2012 | 05:46am US/Eastern

(Reuters) - The Federal Reserve said on Tuesday that 15 of the 19 largest U.S. bank holding companies passed this year's stress tests, meaning they would maintain a Tier 1 common equity ratio above 5 percent in a severe economic downturn.

The four companies that did not pass were Ally Financial, SunTrust Banks Inc, Citigroup Inc, and MetLife Inc, which failed because its minimum risk-based capital ratio, at 6 percent, was far lower than any other bank in the exams. The company said the Fed's standards were too "bank-centric" and not appropriate for insurers.

Here is a list of the 19 banks, their minimum capital ratios through 2013 under the test (including capital proposed by the banks) and whether the banks announced they had received approval from the Fed for dividend increases and/or share repurchase plans.

Ally Financial 2.5 No

American Express 10.8 Yes

Bank of America 5.9 No

Bank of New York Mellon 13.0 Yes

BB&T 6.4 Yes

Capital One 7.8 --

Citigroup 4.9 No

Fifth Third 6.3 No

Goldman Sachs 5.7 Yes

JPMorgan Chase 5.4 Yes

KeyCorp 5.3 Yes

MetLife 5.1 No

Morgan Stanley 5.4 *

PNC 5.9 Yes

Regions 6.6 No

State Street 12.5 --

SunTrust 4.8 No

US Bancorp 5.4 Yes

Wells Fargo 6.0 Yes

*May use cash to increase stake in Morgan Stanley Smith Barney brokerage unit.

-- No details yet

(Reporting By Rick Rothacker; Editing by Tim Dobbyn)

React to this article
Latest news on BB&T CORPORATION
10:55aDJCrackdown on Racial Bias Boosts Some Auto-Loan Costs
08/24 BB&T : Questions raised in National Penn per-share price offered investors
08/24 BB&T : Questions raised in per-share price offered investors
08/22 WYNDHAM WORLDWIDE : Sponsors, tournament will move forward together
08/20 BB&T : Centre County branches affected by big bank buy
08/20 BB&T : Entry into a Material Definitive Agreement, Financial Statements and Exhi..
08/20 BB&T : Bank fees a concern
08/20 BB&T : Agrees To Buy National Penn For $1.8 Billion
08/20 More takeovers seen for small U.S. banks as rates stay low
08/19 BB&T : SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Nationa..
Advertisement
Chart
Duration : Period :
BB&T Corporation Technical Analysis Chart | BBT | US0549371070 | 4-Traders
Income Statement Evolution
More Financials