This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stress Test Preview: Banks Holding Up

Government stress tests on the 19 largest U.S. banks and thrifts are expected to be completed this month and the most recent data available for the holding companies likely being scrutinized shows that most appear in decent shape.

The list of companies undergoing "consistent, realistic, and forward looking" assessments, as Treasury Secretary Timothy Geithner said in February, has not been made public. It was not clear whether holding companies like MetLife (MET), whose primary business is life insurance, would be included in the mix. Therefore, TheStreet.com published a stress test preview in March looking all 31 U.S. holding companies that filed consolidated financial statements with the Federal Reserve and had total assets of over $50 billion.

ProPublica.org later compiled a list of 19 holding companies that the organization determined to meet the Treasury's criteria for the stress tests.

The following table includes earnings, capital adequacy and asset quality data for these 19 companies provided by SNL Financial. The data is as of Dec. 31, and earnings and loan charge-off figures are for all of 2008. Some capital and loan quality ratios are not included for companies such as American Express (AXP - Get Report), Goldman Sachs (GS - Get Report) and Morgan Stanley (MS - Get Report) since the companies weren't required to file bank holding company data for Dec. 31.

Banking Companies Subject to Stress Tests - Dec. 31, 2008 ($Bil)
ProPublica, SNL Financial

JPMorgan Chase (JPM - Get Report) is one of two holding companies on the list to have reported earnings for the first quarter of 2009. The company announced first-quarter net income of $2.1 billion, or 40 cents per common share, beating the Thomson Reuters consensus earnings estimate of 32 cents per share.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AXP $81.25 0.61%
BAC $16.75 0.12%
C $54.97 0.24%
GS $207.80 1.39%
JPM $66.47 -0.27%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs