Bank of America (BAC) is one of several banks that released the results of internal stress tests Monday to evaluate whether the firms could remain well capitalized and standing under severe economic circumstances.

HousingWire will have a full report on the tests Monday afternoon. However, the Charlotte Business Journal already honed in on its hometown bank, BofA, and discovered the following:

At BofA, a downturn that lasted nine quarters would result in heavy losses for shareholders. But the bank's self-conducted internal tests suggest its $2 trillion balance sheet could withstand the body blows. Take a look: 8.4%: BofA's Tier 1 capital ratio's lowest point in the hypothetical scenario, down from 10.5% today. Regulators lately has desired at least 8% for the largest Wall Street banks, even though the regulatory minimum is 4%.