How Much Money do the Big Banks Need?
Thanks to Mark Johnson at US Bank for this information.
The government announced its plan in late February to look under the hoods of the nation’s largest financial institutions to gauge their ability to withstand losses.
The results are now in: Ten of the nation’s 19 largest banks will need to raise a total of $74.6 billion in capital. In addition, the government estimated that losses could total $599 billion this year and next.
In the table below, see which banks stand to lose the most if the economy weakens further — and how much capital each is required to raise during the next six months.
First Published: May 7, 2009: 5:42 PM ET
|
Bank |
Ticker |
Total assets |
Market value |
Worst-case loss estimate |
Capital needed 6 |
|
Bank of America |
$1.6 trillion |
$86.5 billion |
$136.6 |
$33.9 billion |
|
|
Wells Fargo |
$1.1 trillion |
$105.1 billion |
$86.1 |
$13.7 billion |
|
|
GMAC1 |
N/A |
$172.7 billion |
$225 million |
$9.2 |
$11.5 billion |
|
Citigroup |
$996.2 billion |
$21 billion |
$104.7 |
$5.5 billion |
|
|
Regions Financial |
$116.3 billion |
$3.6 billion |
$9.2 |
$2.5 billion |
|
|
SunTrust |
$162 billion |
$6.6 billion |
$11.8 |
$2.2 billion |
|
|
Morgan Stanley |
$310.6 billion |
$29.4 billion |
$19.7 |
$1.8 billion |
|
|
KeyCorp |
$106.7 billion |
$3.4 billion |
$6.7 |
$1.8 billion |
|
|
Fifth Third Bancorp |
$112.6 billion |
$3.1 billion |
$9.1 |
$1.1 billion |
|
|
PNC |
$250.9 billion |
$19.8 billion |
$18.8 |
$600 million |
|
|
JPMorgan Chase |
$1.3 trillion |
$132.4 billion |
$97.4 |
$0 | |
|
Goldman Sachs |
$444.8 billion |
$67.3 billion |
$17.8 |
$0 | |
|
MetLife |
$326.4 billion |
$26 billion |
$9.6 |
$0 | |
|
U.S. Bancorp |
$230.6 billion |
$34.4 billion |
$15.7 |
$0 | |
|
Bank of New York Mellon |
$115.8 billion |
$34 billion |
$5.4 |
$0 | |
|
State Street |
$69.6 billion |
$16.4 billion |
$8.2 |
$0 | |
|
Capital One Financial |
$131.8 billion |
$10.4 billion |
$13.4 |
$0 | |
|
BB&T |
$109.8 billion |
$14.2 billion |
$8.7 |
$0 | |
|
American Express |
$104.4 billion |
$30.3 billion |
$11.2 |
$0 |
