Just kidding but does anyone know the stress test results so far?
I go to where they say and I guess I can't find the number that I've seen for other institutions.
If anyone knows the number please post it.
Thanks
2 replies (most recent on top)
Here is the full report:
https://www.federalreserve.gov/publications/files/2017-dfast-methodology-results-20170622.pdf
I got this just now for some data "Keefe, Bruyette & Woods analyst Brian Kleinhanzl put together a cheat sheet for what to expect. Based on the firm's capital return expectation, he thinks that State Street (STT) and Goldman Sachs (GS) would see a shortfall while Bank of America (BAC), BNY Mellon (BK) Citigroup (C), JPMorgan Chase (JPM), Morgan Stanley (MS) and Wells Fargo see a surplus. He explained:
State Street screened as most at risk of missing our capital expectations for next week’s CCAR. STT’s Tier 1 Leverage ratio at the end of the nine-quarter period was 5.1% and this was above the 4.0% minimum required for all periods. However, we calculate the buffer above the minimum at the end of the nine-quarter period to be $2.7 billion, and that compares unfavorably versus our $4.0 billion capital return estimate for the full stress-test period."