Big banks are on the rise after passing their stress tests

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Most of the big banks are on the rise after passing the Federal Reserve's stress tests Thursday.

After the markets closed Thursday, the big banks released the effect a hypothetical extreme recession would have on their balance sheets.

The banks all passed the capital requirements required by the tests, even the most stringent test which involved a hypothetical doubling of the unemployment rate.

The banks improved versus last year's results. Big banks would suffer $383 billion in loan losses in the most extreme scenario, compared to $385 billion last year.

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These tests were implemented in the aftermath of the financial crisis to ensure the banks would be able to survive a similar future crisis and continue to lend even in tough times.

Even with billions of losses, the banks' amount of high-quality capital would cover 9.2% of their risk-weighted assets, an improvement over last year's 8.4%. The tests require banks to meet a 4.5% threshold in order to pass.

After the banks released results of the stress tests, most of their shares began rising. Here is a list of some of the biggest names...

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