Report cards on the nation's 19 biggest banks will be released later today, but not all of the banks will be getting gold stars. While the results of the government-ordered stress tests are still to be released, early news of the results have been trickling out for days. The early leaks suggest that Bank of America will need $33.9 billion in additional capital. In fact, many of the banks tested need more money. But, this doesn't mean another multi-billion dollar bailout is looming. So if the additional funds don't come from the government, where will they come from? Eric Dash is following this story for our partners the New York Times and he joins The Takeaway with a report.
For more, read Eric Dash's and Louise Story's article, As Stress Tests Are Revealed, Markets Sense a Turning Point, in the New York Times.
Which banks will need more money? See our report card
Want to keep an eye on your stocks? Watch the market here.
Want to watch how the big 19 are doing in the market?
J.P. Morgan Chase & Co.
Citigroup Inc.
Bank of America Corporation
Wells Fargo & Co.
Goldman Sachs Group, Inc.
Morgan Stanley
Metlife, Inc.
PNC Financial Services
U.S. Bancorp
The Bank of New York Mellon Corporation
SunTrust Banks, Inc.
State Street Corporation
Capital One Financial Corp.
BB&T Corp.
Regions Financial Corp.
American Express Co.
Fifth Third Bancorp
Keycorp
GMAC LLC
Still want more? Here is related coverage from The Takeaway.
And here is Pro Publica's investigation into the stress tests.
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