Yesterday after the market close, the Federal Reserve announced the results of Comprehensive Capital Analysis and Review (CCAR).
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The earliest indicator of success for BofA this year are the upcoming CCAR results, or Fed stress tests.
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Yet banks today remain subject to CCAR even after having repaid TARP funds.
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Later today the Fed is expected to release the three economic scenarios under which the 2013 CCAR will be based.
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Regardless of the CCAR results, Ally continues to have strong capital levels and ample liquidity to support its automotive finance operations.
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Last week, the results of the Federal Reserve 2012 Comprehensive Capital Analysis and Review (CCAR) were announced and fifteen out of the nineteen banks tested passed.
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In CCAR, the Fed evaluates capital ratios under distressed financial and economic conditions, the plan to comply with Basel 3 capital requirements, and the capital planning process.
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Given these results, we expect to recommend an 18 percent increase to the dividend rate in June, as we align our yearly dividend increases with the annual CCAR process going forward.
FORBES: CCAR Roundup: Fed Clears Capital Return From Most Banks, Flags Issues For Four
Last week the Federal Reserve laid out the ground rules for its 2013 Comprehensive Capital Analysis and Review (CCAR) and revealed a significant change for the 19 banks subject to the test.
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That said, he expects a new focus on shedding non-core assets and improving operating performance, which should lead to better opportunities to deploy capital to shareholders, an attempt at which was shot down by the Federal Reserve after the 2012 CCAR.
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