Regulators Considering Release of Data from Bank Stress Tests
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).
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