Regulators Considering Release of Data from Bank Stress Tests
More News related to AXP
- American Express Launches Generous Holiday Rewards Points Promotions for Charge Cardmembers
- Traders Cheer Morgan Stanley's New Overweight Rating on AmEx (AXP)
- Notable Analyst Rating Changes 11/23: SBUX, DE, SEED, NDAQ Upgraded; AGU, TRA, CIEN, FL Downgraded
- Morgan Stanley Starts AmEx (AXP) at Overweight, $51 Target
- American Express OPEN(R) Announces Multi-Partner Government Contracting Program to Help Small Business Owners Win Government Contracts and Stimulus Funds
More News related to BAC
- Bank of America Exceeds $1 Billion in Lending and Investing to Community Lenders
- Bank of America Program Helps 100,000 Subprime, Option-ARM Borrowers Avoid Foreclosure in First 10 Months of Outreach
- Bank of America's Ken Lewis Is Offering to Stay
- Active equity option families in first 30 minutes of trading according to Track Data are: C BAC GE AAPL.
- Top 10 News Items 11/16-11/20: Dell Blows It Again, Geither Gets Roasted on Capitol Hill, Again, IPO's A-Plenty
More News related to BBT
- BB&T Corp. (BBT): Beauty Without the Beast?
- BB&T ranks highest in mortgage loan origination customer satisfaction
- BB&T Successfully Implements Orbograph's Automation 08 Recognition Service as Part of Efficiency Strategy
- BB&T unveils new FDIC-insured 529 savings account
- BB&T Insurance Services to acquire southwest Florida agency
More News related to Insiders' Blog
- Macquarie Downgrades Nexen (NXY) to Neutral
- Dell (DELL) Shares Lower as First Global Cuts to Market Perform
- Wedbuh Downgrades SAP (SAP) to Underperform
- Wedbush Downgrades Netflix (NFLX) to Underperform
- Bank of America Downgrades Autoliv (ALV) to Underperform
According to reports from the WSJ, the Obama administration is mulling over whether it should release data from the controversial bank "stress tests" or not.
Results of the stress tests, which are being conducted on the U.S.'s 19 largest banks, have been kept private so far, but as investor confidence is still near all-time lows, regulators are now considering releasing select info. Exactly when and what remains to be seen, however. Sources have suggested that the government may try to aggregate the data, effectively snapping a broad-based picture of the banking sector. This seems to be the most promising possibility as it wouldn't offer any company-specific information.
At the beginning of March, the 19 largest U.S. banks (by total assets) were: JPMorgan (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), MetLife (NYSE: MET), PNC Financial (NYSE: PNC), US Bancorp (NYSE: USB), Bank of New York Mellon (NYSE: BK), GMAC, SunTrust (NYSE: STI), State Street (NYSE: STT), Capital One (NYSE: COF), BB&T (NYSE: BBT), Regions Financial (NYSE: RF), American Express (NYSE: AXP), Fifth Third (Nasdaq: FITB) and KeyCorp (NYSE: KEY).
Related Categories
Insiders' BlogTrader Talk
Stocks Mentioned
-0.18Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
