Yesterday the Federal Reserve released the results of the Comprehensive Capital Analysis and Review, also known as a bank "stress test." Here is what people are saying about the results:

• "We’re talking about a practically apocalyptic economic scenario and the banks are still standing." Paul Ashworth, Chief U.S. Economist, Capital Economics (Wall Street Journal)
• "It's clearly good news— the U.S. banking system can now withstand a quite severe recession without falling over." Douglas Elliott, Fellow, Brookings Institution (CNBC)
• "When you put banks under the kind of dramatic scenarios that the Fed did — and they are still doing well — it tells you how well capitalized the majority of the banks are coming out of this downturn." Michael Scanlon, Senior Equity Analyst, Manulife Asset Management (New York Times)
• "Any bank that remains adequately capitalized under these acute stress scenarios is not just strong but also darn-near impregnable." Karen Shaw Petrou, Managing Partner, Federal Financial Analytics (Bloomberg)
• "The strength of the U.S. banking system" is illustrated through "this very onerous stress test." Gerard Cassidy, Analyst, RBC Capital Markets (USA Today)
• Banks are "much better capitalized" and "understand their balance sheet and loan portfolio much better." Paul Miller, Analyst, FBR Capital Markets and Former Examiner, Federal Reserve Bank of Philadelphia (Businessweek)
• Banks "have sufficient capital to weather a severe storm." Ernest Patrikis, Partner, White & Case LLP and former general counsel at the Federal Reserve Bank of New York (Businessweek)
• "American banks are healthier and have ample capital when compared with their European counterparts. They are in better conditions than where they were four years ago." Stephen Wood, Chief Market Strategist, Russell Investments (CNBC)