Early (Rumored) Stress Test Results

Why wait a whole day for the official results of the stress tests when there are rumors to spread?

You've already heard that 10 of the 19 banks need dough, so here's a roundup of what's being bantered around 24 hours prior to the release of the data. Some are based on press reports, while others are pure conjecture.

NEED MONEY:

• Bank of America: Reuters/WSJ reported (5/5) that BAC needs $34B
• Citigroup: FT reported (5/5) that Citi will need less than $10B and perhaps as little as $6B
• Wells Fargo: Bloomberg reported (5/6) that WFC needs $15B
• PNC Finanical: FT reported (5/4) that PNC will need to raise more capital; no amount reported
• US Bancorp: No specific reports, but some believe that the bank needs to raise capital
• GMAC LLC: Bloomberg reported (5/6) that GMAC needs $11.5B
• SunTrust: Lumped in with regional banks that many speculate need to raise capital
• Capital One Financial: no media reports, but believed to need more money
• Regions Financial: WSJ reports (5/6) that the Birmingham, Ala., bank needs to raise an undisclosed amount of new capital
• Fifth Third Bancorp: Analysts from Citi and FBR believe bank may need upwards of $2B
• KeyCorp: Analysts from Citi and FBR believe bank needs to raise undisclosed amount of capital

DON'T NEED MONEY:

• JP Morgan Chase: Bloomberg reported (5/6) that sources say JPM does not need to raise capital
• Goldman Sachs: Bloomberg reported (5/6) that a source says GS does not need to raise capital
• Morgan Stanley: Bloomberg reported (5/6) that MS does not need additional capital
• State Street: no media reports, but believed not to need money
• American Express: AP reported (5/6) that AXP does not need to raise capital
• Bank of NY Mellon: Issued non-FDIC backed debt, which some see as an indication that the bank cleared the Stress Test
• BB&T: Originally thought to need money, but then issued non-FDIC backed debt, which some see as an indication that the bank passed the stress test
• MetLife: Bloomberg reported (5/6) that Met-Life doesn't need additional capital

Isn't this exciting? Or maybe just a tedious exercise. Either way, it's (thankfully) over tomorrow!