U.S. Large-Cap Banks: Stress Test Results 2026: Banks perform well though it doesn't count

Research evidence excerpt

U.S. Large-Cap Banks: Stress Test Results 2026: Banks perform well though it doesn't count

Equity Research

U.S. Large-Cap Banks

24 June 2026

Stress Test Results 2026: Banks

perform well though it doesn't

U.S. Large-Cap Bankscount

POSITIVE

While this year doesn't count, CFG (-200bps) followed by FITB, U.S. Large-Cap Banks

Jason M. Goldberg, CFAKEY and MS (all -70bps) saw the largest SCB improvement.

Just GS (+30bps) and JPM (+20bps) posted increases. FCNCA +1jason.goldberg@barclays.com212 526 8580

(at 4.6%) was higher than expected, though its SCB will be BCI, US

2.5% given it’s a rookie. Some also announced dividend Inna Blyakher

+1 212 526 3904

hikes. inna.blyakher@barclays.com

BCI, US

For our expectations of these results as well as much more detail on stress testing and Matthew Kesselhaut

expected changes to bank capital requirements, see: Capital Outlook: A more pragmatic +1 212 526 0181

capital regime emerges (6/11/26). matthew.kesselhaut@barclays.com

John Hotchkiss IIIExecutive Summary

+1 212 526 2687

In front of expected wholesale changes to stress testing and the regulators' approach to john.hotchkissiii@barclays.com

bank capital requirements (see Capital Outlook: A more pragmatic capital regime emerges, BCI, US

6/11/26), after the close, the Fed released the results of its annual bank stress test. We

Brian Morton, CFA

typically use these results to calculate each bank’s capital requirement. Note, as previously

+1 212 526 2163

announced, these results will not impact large bank capital requirements. The current capital brian.morton@barclays.com

requirements will stay in place until 2027, when the stress test will be run with loss-estimating BCI, US

models that take public feedback into consideration. Still, today's results can be

informative.