BofA, PNC Seen as Stress-Test Winners, Capital One as Losing
- Friday’s DFAST results seen as slightly better-than-expected
- That sets up for positive capital returns with Thursday’s CCAR
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The first round of the latest Federal Reserve stress tests, released last Friday after the market closed, was well received by Wall Street analysts, who said the results generally topped expectations.
Bank of America Corp., PNC Financial Services Group and trust banks BNY Mellon Corp., Northern Trust Corp. and State Street Corp. were seen as relative winners, while the Fed’s harsh view of credit cards led to disappointment for Capital One Financial Corp.