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-- seventeenth and the eighteenth seem to be okay only ally is below that 5% mark.
But there are some interesting headlines coming out right now let's bring in bank analyst who are Cassidy of RBC capital markets -- -- still with us.
Here's what we see okay let's get this right off about Citigroup made -- they do have as we say as they put it all of them made it above federal standards.
And that of course includes city but Morgan Stanley.
And she and Goldman Sachs are kind of close to the bottom would -- Girard possibly face resistance from regulators when it comes to their capital plans.
I -- not certain that -- -- resistant because.
Morgan Stanley has indicated.
They wanna -- rebuild their capital so they can complete the acquisition.
Of the joint venture with Citigroup so they're not asking for much in terms of capital return.
I Goldman Sachs however is and as long you can note covenant above the 5% that's the real key number which is what happens it would go back.
-- you know has just announced that within the beltway they're going to be holding his congressional hearings.
On JPMorgan's -- trade.
Just at a time when JPMorgan seems to be emerging that quite well for -- it was there any.
Indication at all that what congress usually they're behind it behind stepped.
By a long shot congress isn't a regulatory policies.
But is there any indication that that will trade as disastrous as it was really interfere where their viability -- a bank.
Are absolutely not -- that trade this put in perspective you gotta balance sheet of over two trillion dollars.
And the losses from that ran into the billions the capital of this company is you know well in excess of a hundred billion so not even close.
Having any sort of you know -- going out of business that the situation but it was an embarrassment for JPMorgan that they are considered to be one of the best managed bank.
In the country what is it a little bit Peter of an embarrassment I don't know embarrassment -- Was in in Q3 standing at about thirteen point 1% but under the new scenario could go I guess as low as about five point 8% so.
That makes you wonder would they suffer any kind of resistance when it comes to saying we want to give this senate dividend we wanna give this in a share buyback or what have you.
Well and then -- -- senior fed officials said listen all of this is to help them plan for the future.
And particularly on whether or not banks will be required to raise additional capital but.
-- said you know as long as -- kind of above that 5%.
Level they're not considered to -- and does not pass fail but they're not have considered too.
-- -- -- -- -- -- is -- isn't isn't -- much better that's that's what I'm wondering.
No I would I would point out that this that the number they had last year to five point 8% -- -- look at all the stock they bought back this year so today.
But -- point -- it is buying.
Take -- -- what about Citi it had kind of mixed scores last time that it did not pass its capital region.
They they don't want to say they failed their capital return plan but they didn't pass it.
At any rate.
Was was that a real.
-- -- bad times -- -- because there's target's been doing very well recently.
Well I think it was a wakeup call for them because they had expected that -- capital return plan would have been accepted they passed last year is stressed that.
The plan for returning capital was rejected they chose not to re apply for it.
But with this number -- you guys have already pointed out it's over 8%.
And if you want common basis I fully expect them to be there capital return plan this year will be except that.
OK well Peter -- -- anything else jump out at you as you look through this.
I just let you know that there we're gonna hear about those cat those capital plans next week we have that is exactly -- -- process we are steadily us this -- do you expect we found that.
Appetite did you like they wish high and we try -- -- -- -- Very quickly I just want to ask about Bank of America are they gonna be upping their dividend then and doing a buy back in stock.
We believe that yes -- -- capital return program will include -- Baby.
-- it's really a question of the dividend vs buyback is -- schools of thought on what she's huge pursuit first but yes we would agree with that okay.
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