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Second Chances Help American Express Boost Dividend

The Fed rejected the capital plans submitted by BB&T (BBT - Get Report) of Winston-Salem, N.C., and Ally Financial.

JPMorgan Chase (JPM) and Goldman Sachs (GS) both received "conditional approval" for their capital plans, with the Fed requiring both companies to submit revised capital plans "by the end of the third quarter to address weaknesses in their capital planning processes."

The Comprehensive Capital Analysis and Review was the second part of the Fed's annual stress test process. The first part of the process ended last Thursday, when the Federal Reserve said 17 of 18 large financial holding companies could weather a nasty recession beginning in 2013 and remain well capitalized through the end of 2014.

-- Written by Antoine Gara in New York

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