SCAP Participants in the Stress Test
As reported by Institutional Risk Analytics, the following is a list of the 19 domestic banks taking part in the so-called SCAP stress test. These banks are likely to be under the “too big to fail” category. Thus, if they fail their stress tests, they will be receiving another injection of public funds:
|
Holding Company |
|
JPMORGAN CHASE & |
|
BANK OF AMERICA |
|
CITIGROUP |
|
WELLS FARGO & |
|
MORGAN |
|
PNC FINANCIAL SERVICES |
|
U.S. |
|
BANK OF NEW YORK |
|
SUNTRUST BANKS, |
|
STATE STREET |
|
GOLDMAN SACHS |
|
CAPITAL ONE FINANCIAL |
|
BB&T |
|
REGIONS FINANCIAL |
|
FIFTH THIRD |
|
AMERICAN |
|
KEYCORP |
|
NORTHERN TRUST |
|
COMERICA |
I will be doing a more in-depth analysis of the quantitative and technical data for each bank on this list, with the resulting trade ideas to be published soon thereafter. If any reader feels I left out a bank that has a compelling reason to be on the list, please let me know.
