Results of the Stress Test Leaks Out

Results of the Stress Test Leaks Out

The announcement of the result of the bank stress test has been delayed. Originally set to be released on May 4, the results will now be released on May 7th 5PM. The market is rife with speculations and rumors about which banks passed the test and which banks “failed” it. Among the banks that reportedly need more capital include Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Regions Financial (RF), and SunTrust (ST). These leaks are not really surprising since it is difficult to test 19 of the nation’s biggest bank and keep the results secret.

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