The amount of capital that banks need to raise leaks out:
BAC - 34 Billion WFC – 15 Billion C - 10 Billion
I am assuming this is better than expected. All the above banks’ stocks are up about 15% today. The stress test results are not officially due out until tomorrow (5/7/09).
From what I read yesterday these numbers were better than initially expected for all three banks. As you said, all three of these companies were up considerably yesterday. As of the time of this posting BAC is up another 13% today.
The amount of capital that banks need to raise leaks out:
ReplyDeleteBAC - 34 Billion
WFC – 15 Billion
C - 10 Billion
I am assuming this is better than expected. All the above banks’ stocks are up about 15% today. The stress test results are not officially due out until tomorrow (5/7/09).
From what I read yesterday these numbers were better than initially expected for all three banks. As you said, all three of these companies were up considerably yesterday. As of the time of this posting BAC is up another 13% today.
ReplyDelete