Skip to main content

Market Overview

Citi Saw Better Than Expected Stress Test Results From The Banks They Cover


All 18 banks covered by Citi received approval for their capital plans when the Federal Reserve published the results of its Comprehensive Capital Analysis and Review, also known as the stress test.

Ouf of those 18, there were 16 that unveiled details of their plans for capital returns to shareholders. Six of those came in better than Citi’s expectations, listed here:

  • M&T Bank Corporation (NYSE: MTB)
  • Comerica Incorporated (NYSE: CMA)
  • Citizens Financial Group (NYSE: CFG)
  • JPMorgan Chase & Co (NYSE: JPM)
  • Morgan Stanley (NYSE: MS)
  • The Bank of New York Mellon Corporation (NYSE: BK)

Related Link: Stress Test Finale: Everything You Need To Know About Banks Returning Profits To Shareholders

M & T was the only bank to take a “mulligan” this year, a term for a special extension the Fed grants when a bank doesn’t initially meet its capital requirements. Citi views this as a positive for M & T, however, believing M & T will use the mulligan to optimize their capital return.

Another interesting tidbit from Wednesday’s results is that the Fed did indeed allow banks to plan a payout ratio greater than 100 percent, which M & T, Comerica, and the Bank of New York Mellon, are estimated to have.

Latest Ratings for MTB

Apr 2021Deutsche BankMaintainsBuy
Mar 2021Morgan StanleyMaintainsEqual-Weight
Feb 2021Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for MTB
View the Latest Analyst Ratings


Related Articles (CMA + MTB)

View Comments and Join the Discussion!

Posted-In: Analyst Color Analyst Ratings

Latest Ratings

ICADGuggenheimInitiates Coverage On24.0
SMBKRaymond JamesUpgrades27.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at