torsdag 7 mars 2013

Citigroup klarar stresstestet - nu väntar utdelning

Ikväll presenterades FED:s stresstest av de amerikanska bankerna. Jag konstaterar glatt att Citigroup klarade sig bäst av alla de stora amerikanska bankerna! Det är ett mycket bra resultat! Inom de närmaste dagarna förväntas Citigroup delge hur de nu ska belöna sina aktieägare. Jag räknar inte med någon "jätteutdelning" men de kommer förhoppningsvis öka på den ordentligt och eventuellt påbörja återköp av egna aktier. Citigroup går upp med 2,5 % på efterbörsen medan JP Morgan är oförändrad.

Ett par utdrag från en artikel rörande stresstestet: Länk till hela artikeln

"The results of so-called stress tests on Thursday, mandated by the Dodd-Frank financial overhaul law and conducted by the Federal Reserve, indicate that most banks would survive a severe recession and a crash in the markets. The tests, which measured a bank’s capital during extreme hypothetical conditions, also produced some unlikely winners. Citigroup, for example, outperformed its rivals just one year after a poor performance embarrassed the bank. Bank of America also showed improved capital levels under stressed conditions".

"The results come one week before the Fed makes its final decision on Wall Street’s latest plans to ramp up shareholder payouts. Behind the scenes in the coming days, the Fed will signal to each bank whether it can proceed with its most recent payout plan, submitted in January. If the Fed objects, a bank will have an opportunity to temper its proposals for dividend payments and share buybacks before releasing the plans publicly, potentially creating a tense face-off with regulators".

"In a surprise, Citigroup had capital equivalent to 8.9 percent of its assets at the end of 2014, well above last year’s showing. Bank of America’s so-called tier one common capital ratio registered at 6.9 percent, also an improvement.
But Morgan Stanley’s ratio came in at 6.4 percent. JPMorgan was 6.8. While those are lower than rivals, they are still strong capital numbers after a crisis.
On one important alternative measure of capital, Goldman Sachs had a poor showing compared to its peers. Under the stressed scenario, the bank’s tier 1 leverage ratio — which weighs assets differently — would fall to a low of 3.9 percent. This could become an issue in any discussions between Goldman Sachs and the Fed about the bank’s capital plan. When regulators assess whether a bank can proceed with its capital plan, the tier 1 leverage ratio cannot fall below 3 percent".

Länk till tabellen nedan:



Ally
1.5%
11.0%
12.6%
9.4%
Regulatory Standard (2)
5.0%
4.0%
8.0%
3.0%
Morgan Stanley
5.7%
7.5%
8.7%
4.5%
Goldman Sachs Group
5.8%
8.4%
11.3%
3.9%
J.P. Morgan Chase
6.3%
7.4%
9.9%
4.7%
Bank of America
6.8%
8.5%
11.6%
5.4%
Wells Fargo
7.0%
8.7%
11.2%
7.0%
SunTrust
7.3%
8.2%
10.4%
6.5%
Capital One
7.4%
7.8%
10.1%
5.7%
All 18
7.4%
9.0%
11.7%
6.0%
Regions
7.5%
8.5%
11.7%
6.8%
Keycorp
8.0%
8.6%
11.2%
8.1%
Citigroup
8.3%
9.3%
12.5%
5.3%
U.S. Bancorp
8.3%
10.3%
12.3%
8.7%
Fifth Third Bancorp
8.6%
9.3%
12.4%
8.8%
PNC
8.7%
10.8%
13.4%
8.7%
BB&T
9.4%
11.2%
13.4%
7.9%
American Express
11.1%
11.1%
13.2%
8.9%
State Street
12.8%
14.4%
16.2%
6.6%
Bank of New York Mellon
13.2%
14.8%
16.0%
5.1%

(1) Not including planned capital actions; reflects average dividends for past four quarters
(2) Capital ratios banks are required to exceed when calculating planned capital actions for 2013
(3) Ratio of 3% will apply to all banks except for Ally Financial, American Express and
Capital One, which have a 4% threshold.

Source: Federal Reserve










2 kommentarer:

  1. Trevligt, följde ditt tips och köpte på mig i samma veva som du. Tyvärr har dom ju stigit ganska mycket sedan dess. Frågan är väl om dom går ner under 40 dollar igen efter detta?

    SvaraRadera
    Svar
    1. Ja, de har stigit mycket. Fortfarande finns uppsida men helt klart var det ett bättre köp runt 30-35 USD.

      mvh
      ägamintid

      Radera

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