Goldman Sachs: Teacher’s Pet - Dealbreaker

Goldman Sachs: Teacher’s Pet

Author:
Updated:
Original:

Wall Street’s banks were pretty hard on themselves for this year’s choose-your-own-misadventure stress-test trial runs, conjuring a way worse recession than they did last year, and doing concomitantly worse as a result. Citigroup’s Tier 1 would fall from 9.1% to 8.7%, JPMorgan’s from 8.5% to 8.4%, Morgan Stanley’s from 9.5% to 8.9% and Wells Fargo’s from 9.9% to 9.6%.

But not everyone’s doing so badly, even when they were really, really hard on themselves.

Goldman projected its ratio would be 10.1%, compared with an 8.9% projection last year….

Bank of America Corp. on Monday predicted it would have the same capital level—8.4%—under a stressed scenario as it did last year. Under the latest scenario however, the Charlotte, N.C., lender created a tougher hypothetical recession for itself on certain fronts.

Citigroup, Other Banks Release Midyear Stress-Test Results [WSJ]

Related

PartyLloyd

Goldman Ran Its Own Stress Tests On Its Mortgages And They Did Great

The Elect have their own special math and don't know what the Fed is talking about.

Goldman Sachs May Need To Stay After Class

Barely passing (stress test) grades are not good enough!

Jay Powell

Goldman Sachs Decides Fed Probably Isn’t Lying

The Elect will take the central bank at its word… for now.

Don't Ask Goldman Sachs About Its 4th Quarter

$5 billion legal bills will get you every time.