The big banks: How much they've raised
NEW YORK (CNNMoney.com) -- During the month since the results of the big bank "stress tests," the nation's largest financial institutions have been rushing to raise needed capital.
In early May, the U.S. government announced that 10 of the 19 banks it reviewed would need to raise a total of $74.6 billion as a buffer against $599 billion in potential losses.
So far, so good. Many of the banks have been finding a receptive audience for stock and asset sales. In the table below, see which banks stand to lose the most if the economy weakens further, how much capital each was required to raise during the next six months -- and how much progress has been made.
Bank | Ticker | Total assets | Worst-case loss estimate | Capital needed | Capital raised |
---|---|---|---|---|---|
Bank of America | BAC | $1.6 trillion | $136.6 billion |
$33.9 billion |
$30.3 billion* |
Wells Fargo | WFC | $1.1 trillion | $86.1 billion |
$13.7 billion |
$8.6 billion |
GMAC1 | N/A | $172.7 billion | $9.2 billion |
$11.5 billion |
$3.5 billion |
Citigroup | C | $996.2 billion | $104.7 billion |
$5.5 billion |
$70 billion* |
Regions Financial | RF | $116.3 billion | $9.2 billion |
$2.5 billion |
$2.09 billion |
SunTrust | STI | $162 billion | $11.8 billion |
$2.2 billion |
$2.08 billion |
Morgan Stanley | MS | $310.6 billion | $19.7 billion |
$1.8 billion |
$8 billion |
KeyCorp | KEY | $106.7 billion | $6.7 billion |
$1.8 billion |
$1.3 billion |
Fifth Third Bancorp | FITB | $112.6 billion | $9.1 billion |
$1.1 billion |
$750 million* |
PNC | PNC | $250.9 billion | $18.8 billion |
$600 million |
$600 million |
JPMorgan Chase | JPM | $1.3 trillion | $97.4 billion |
$0 | $5 billion |
Goldman Sachs | GS | $444.8 billion | $17.8 billion |
$0 | $7.65 billion* |
MetLife | MET | $326.4 billion | $9.6 billion |
$0 | $0 |
U.S. Bancorp | USB | $230.6 billion | $15.7 billion |
$0 | $2.4 billion |
Bank of New York Mellon | BK | $115.8 billion | $5.4 billion |
$0 | $1.2 billion |
State Street | STT | $69.6 billion | $8.2 billion |
$0 | $2.23 billion |
Capital One Financial | COF | $131.8 billion | $13.4 billion |
$0 | $1.55 billion |
BB&T | BBT | $109.8 billion | $8.7 billion |
$0 | $1.7 billion |
American Express | AXP | $104.4 billion | $11.2 billion |
$0 | $500 million |
1GMAC is co-owned by General Motors and Cerberus Capital Management
*Capital raising plan still in progress
*Capital raising plan still in progress