Bank Stress Tests -- Passes and Fails

NEW YORK ( TheStreet) - The Federal Reserve surprised the market Tuesday when it released the results of its capital stress tests on the 19 largest U.S. banks.

Below is a summary of all the results, which includes the minimum capital ratio that each bank reported under the Fed's difficult assumption. Also included - where available - reactions of the banks and any plans for the future.

Ally Financial - Fail: The former GMAC Bank had the lowest minimum capital ratio the Fed's stress scenario (2.5%) of the 19 banks that were reviewed. The company did not make any statement following Tuesday's Fed announcement.

American Express ( AXP) -- Pass: The credit card lender's stressed capital ratio was 10.5%. The company plans share buybacks of up to $4 billion in 2012, with an additional $1 billion in buybacks during the first quarter of 2013, according to a Securities and Exchange Commission filing. Amex also said that it plans to increase its quarterly dividend to 20 cent per share from 18 cents per share.

Bank of America ( BAC) -- Pass (on a curve): Although Bank of America leapt over the Fed's capital hurdles by posting a stressed capital level of 5.9%, the bank did not submit a capital return plans to regulators.

Bank of New York Mellon ( BLK) -- Pass: The custody bank posted the best stressed capital ratio of the 19 institutions reviewed, with a ratio of 13.3%. Bank of New York's 2012 capital plan includes stock buybacks of up to $1.16 billion and 13 cent quarterly dividend.

BB&T ( BBT) -- Pass: BB&T had a stressed capital ratio of 6.4%, and the company announced a 2 cent increase to their second quarter dividend for a total quarterly dividend of 20 cents per share. "We are pleased to provide this substantial dividend increase to our shareholders and are committed to a robust dividend payout," CEO Kelly King in a statement.

Capital One ( COF) -- Pass: Capital One passed the stress test with a ratio of 7.8% but did not make a statement following the release of the results.

Citigroup ( C) -- Fail: Citigroup was the surprise loser of the stress tests, coming in with a 4.9% capital ratio. "The results showed that Citi exceeded the stress test requirements without the capital actions Citi proposed," Citigroup said in a statement. "However, the Federal Reserve advised Citi that it objected to Citi's proposed return of capital to shareholders. In light of the Federal Reserve's actions, Citi will submit a revised Capital Plan to the Federal Reserve later this year, as required by the applicable regulations."

Fifth Third ( FITB) -- Pass: Fifth Third has 2012 stressed capital ratio of 6.3%. The bank did not release a statement on its plans following the Fed announcement.

Goldman Sachs ( GS) -- Pass: The Vampire Squid came through the test with flying colors, posting a stress capital ratio 5.7%. Goldman simply said in a statement that the Fed did not object to "proposed capital actions through the first quarter of 2013, including the repurchase of outstanding common stock and a potential increase in its quarterly common stock dividend."

JPMorgan Chase ( JPM) -- Pass: Jumping the gun on everyone, Jamie Dimon busted out of the stress test gate with a stress test capital ratio of 5.4%. The bank said it will raise quarterly dividend to 30 cents per share from 25 cents per share earlier. It also authorized a new share repurchase program of $15 billion.

Keycorp ( KEY) -- Pass: Key came to the table with a stressed capital ratio of 5.3% and said that it will move ahead with $344 million stock buyback program and "will evaluate an increase in the company's quarterly common stock dividend at its regular meeting in May." "We are pleased that we received a no objection with respect to our capital plan from the Federal Reserve today. It allows us to increase our dividends and to start the process of returning capital to our shareholders," said CEO Beth Mooney.

MetLife ( MET) - Fail: The insurer's bank came up short on the stress tests posting a 5.1% capital ratio and having its dividend and repurchase request rejected, which included $2 billion in stock repurchases and an increase to its annual dividend from 74 cents per share to $1.10 per share. "We are deeply disappointed with the Federal Reserve's announcement. We do not believe that the bank-centric methodologies used under the CCAR are appropriate for insurance companies, which operate under a different business model than banks," said CEO Steven Kandarian in a statement.

Morgan Stanley ( MS) -- Pass: Morgan Stanley has a 5.4% stressed capital ratio and said that it will move ahead with a possible bigger stake in Morgan Stanley Smith Barney and "ongoing payment of current common and preferred dividends," according to a statement.

PNC ( PNC) -- Pass: PNC came in with a ratio of 5.9% under the Fed's review. The bank said in a statement that its capital return plan includes an "increase the quarterly common stock dividend in the second quarter of 2012 and a modest share repurchase program."

Regions Financial ( symbol) -- Pass: Regions had a stressed capital ratio of 6.6% and that it will move ahead with a $900 million common stock offering as part of its plan to repurchase the $3.5 billion shares owned by the U.S. Treasury Department under its Troubled Asset Relief Program..

State Street ( SST) -- Pass: The custody bank has a stressed capital ratio of 12.5%, but not make a statement following the Fed announcement.

SunTrust ( RF) -- Fail: Struggling SunTrust came in with a stressed capital ratio of 4.8%. The bank made no statement following the announcement.

US Bancorp ( USB) -- Pass: The Federal reserve said that US Bancorp has stress capital ratio of 5.4%. The bank said in a statement that it would increase its dividend by 56 percent and would move ahead with a buyback of $100 million shares.

Wells Fargo ( WFC) -- Pass: San Francisco-based Well Fargo had a stressed capital ratio of 6.4% and plans to increase its first quarter dividend by 10 cents to 22 cents per share. "The Federal Reserve's stress test scenario applied a series of very conservative assumptions to validate the industry's ability to perform and maintain adequate capital in the event of unlikely, dire circumstances," CEO John Stumpf said in a statement.