FREE Breaking News Alerts from StreetInsider.com!
E-mail Address
Top NewsMost Read Highlighted
Get AlertsBAC Hot Sheet
NEUTRAL (= Flat)
Bank of America (NYSE: BAC) provided results of the 2013 Dodd-Frank Act Annual Stress Test.
“The Tier 1 common capital ratio declined from 11.4% at September 30, 2012 under Basel 1 to an estimate in the supervisory severely adverse scenario of 7.7% at its lowest point and 8.0% at December 31, 2014, after including the impact of higher risk-weighted assets from the Market Risk Final Rule. These post-stress capital ratios exceeded the 5% required minimum”
“The estimated lowest stress ratios for Tier 1 capital, Total capital and Tier 1 leverage were 9.4%, 12.6% and 6.2%, respectively, exceeding the comparable regulatory minimums of 4%, 8% and 3%, respectively.”
The company did not discuses a raised dividend or share repurchase with the results.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW