Bank of America (BAC) Provides 2013 Stress Test Results
Tweet
Share
E-mailGet Alerts BAC Hot Sheet
Join SI Premium – FREE
Bank of America (NYSE: BAC) provided results of the 2013 Dodd-Frank Act Annual Stress Test.
"The Tier 1 common capital ratio declined from 11.4% at September 30, 2012 under Basel 1 to an estimate in the supervisory severely adverse scenario of 7.7% at its lowest point and 8.0% at December 31, 2014, after including the impact of higher risk-weighted assets from the Market Risk Final Rule. These post-stress capital ratios exceeded the 5% required minimum"
"The estimated lowest stress ratios for Tier 1 capital, Total capital and Tier 1 leverage were 9.4%, 12.6% and 6.2%, respectively, exceeding the comparable regulatory minimums of 4%, 8% and 3%, respectively."
The company did not discuses a raised dividend or share repurchase with the results.
Link
"The Tier 1 common capital ratio declined from 11.4% at September 30, 2012 under Basel 1 to an estimate in the supervisory severely adverse scenario of 7.7% at its lowest point and 8.0% at December 31, 2014, after including the impact of higher risk-weighted assets from the Market Risk Final Rule. These post-stress capital ratios exceeded the 5% required minimum"
"The estimated lowest stress ratios for Tier 1 capital, Total capital and Tier 1 leverage were 9.4%, 12.6% and 6.2%, respectively, exceeding the comparable regulatory minimums of 4%, 8% and 3%, respectively."
The company did not discuses a raised dividend or share repurchase with the results.
Link
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SEC accuses ex-BofA senior banker Satsky of insider trading - Bloomberg
- BofA says momentum style supported by earnings revisions
- Nuvectis Pharma (NVCT) files $200M mixed shelf
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Dividend, Stock BuybackSign 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!
