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Wednesday, May 06, 2009

More Stress Test Leaks: Morgan Stanley, JPMorgan, AmEx all Pass

by Calculated Risk on 5/06/2009 02:32:00 PM

From MarketWatch: Morgan Stanley doesn't need more capital: report

From WSJ: J.P. Morgan, American Express Won't Need New Capital

[F]ederal banking regulators have informed Regions Financial Corp., a regional bank based in Birmingham, Ala., that it needs to raise new capital, according to a person familiar with the matter.

A spokesman at Regions declined to comment Wednesday. The size of the cushion that regulators told bank executives they need to protect Regions from potential losses wasn't immediately clear.
From Bloomberg: Bank of America, Citigroup, Wells Fargo, GMAC Need More Capital

Here is a scorecard by asset size (let me know if you hear of any other leaks - we will know it all tomorrow!):

NameTotal Assets (Billions)Stress Test Results
1. Bank of America2,500Needs $34 billion
2. JPMorgan Chase2,175Pass
3. Citigroup1,947Needs $10 $5 billion
4. Wells Fargo1,310Needs $15 billion
5. Goldman Sachs885Pass
6. Morgan Stanley659Pass
7. MetLife502Pass
8. PNC Financial Services291???
9. U.S. Bancorp267???
10. Bank of New York Mellon238Pass
11. GMAC189Needs $11.5 billion
12. SunTrust189???
13. State Street177???
14. Capital One Financial Corp.166???
15. BB&T152???
16. Regions Financial Corp.146Needs $$$
17. American Express126Pass
18. Fifth Third Bancorp120Needs $3.3 billion (1)
19. KeyCorp105Needs $3.3 billion (1)


(1) Citi estimate. (ht Turbo)