- All 34 banks won clearance in the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR), the follow-up to last week's supervisory stress tests.
- That's the first time since the global financial crisis that all banks got their capital plans approved. Capital One (NYSE:COF) got a conditional OK and must resubmit to get final clearance.
- The 34 bank holding firms had passed the initial stress test, boosting expectations that nearly all would get their capital return programs approved.
- Financials were up 1.3% as a sector today, suggesting some baked-in goodness on positive expectations for the CCAR results.
- Updated 4:34 p.m.: Capital One (COF) is off 0.6% after hours following news of its conditional approval.
- Bank stocks: ALLY, AXP, BAC, BK, BBT, BBVA, BMO, COF, CIT, C, CFG, CMA, DB, DFS, FITB, GS, HSBC, HBAN, JPM, KEY, MTB, MS, NTRS, PNC, RF, SAN, STT, STI, TD, USB, WFC, ZION
- Related ETFs: XLF, FAS, FAZ, KRE, VFH, UYG, KBE, IYF, FNCL, BTO, IAT, IYG, KBWB, QABA, FXO, SEF, KBWR, RYF, FINU, XLFS, DPST, KRU, FINZ, RWW, WDRW, KRS, FAZZ, JHMF, FTXO, FNCF
- Now read: Bank Of America: Know The Real Drivers
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