One business day removed from the government’s bank stress tests, four of the largest U.S. banks – BB&T Corp. (NYSE: BBT), Capital One Financial Corp. (NYSE: COF), U.S. Bancorp (NYSE: USB) and KeyCorp (NYSE: KEY) – announced plans to raise capital through stock offerings.

Now that the results of the U.S. bank stress tests are finally in the books, the extent of the capital shortfalls are known and – in many cases – are actually being addressed.

The results of the government’s bank stress tests were released yesterday (Thursday), and the U.S. Federal Reserve has directed 10 banks to raise an aggregate $70 billion-plus in capital.

Stress tests finally print!  The Gov’t wants you to “feel good”…  Job losses decline on a weekly basis…  Happy Mother’s Day! And Now… Today’s Pfennig!

The results of the government’s bank stress tests won’t be released until 5 p.m. today, but people familiar with the tests and banks involved have already leaked some of the results.

Tired of reacting to rumors!  Aussie dollar continues to rally…  More on China…  Bank of England keeps rates unchanged… And Now… Today’s Pfennig!

Even if Ben Bernanke is right about the stress tests truly reflecting the “financial conditions” of the banks, it doesn’t matter much. Banks themselves are still worried that they won’t get paid back on old loans.