Bank of America
BofA cleared the stress test with 5.9% capital ratio. It is not believed to have proposed any additional capital returns after proposed dividend hike was rejected in 2011.
Capital One Financial
The institute passed stress test with 7.8% capital ratio.
The bank passed stress test with 6.6% capital ratio, announced $900 million common stock offering to go toward repurchasing $3.5 billion in preferred shares owned by the the Treasury Department dating back to loans from the Troubled Asset Relief Program (TARP).
It passed stress test with 6.4% capital ratio. Upped dividend 25% to 20 cents and said Fed did not object to planned redemption of $3.2 billion in trust preferred securities.
Fifth Third Bancorp
It passed stress test with 6.3% capital ratio.
With a straight 6% capital ratio, Wells Fargo cleared the test and added a 10-cent dividend to its previously announced first-quarter payout of 12 cents, an additional 83% that ups the firm’s quarterly dividend to 22 cents per share.
PNC Financial Services
They passed stress test with 5.9% capital ratio, said Fed cleared plan to raise dividend in Q2 and move forward with modest share repurchase under already-authorized program.
Not as surprisingly Goldman passed stress test with 5.7% capital ratio. Said Fed does not object to its plan for buybacks and potential dividend hikes through Q1 2013.