Shortly after Thursday's market close, the Federal Reserve said all 33 big banks cleared the Stress Test bar for capital requirements.
Thirty-three banks collectively had loan losses of $385 billion under a severe economic scenario, according to Dow Jones newswires.
JPMorgan Chase & Co. JPM's tier 1 leverage cap. ratio is 6.2 percent in Stress Test and 8.3 percent In common equity Stress Test. Bank Of America Corp BAC's tier 1 leverage capital ratio is 6.4 percent and 8.1 percent in common equity tier 1 capital ratio test.
The S&P 500 rallied about 20 points in the final minutes of the regular session. The SPDR S&P 500 ETF Trust SPY closed at $210.87, up 1.4 percent and was ticking up in the after-hours session.
Meanwhile, iPath S&P 500 VIX Short Term Futures TM ETN VXX was down nearly 4 percent at $13.11 after closing down more than 9 percent in the regular session.
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