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Mar­kets LLC in New York.

“Even if they were con­ser­va­tive in their re­quest, the cap­i­tal plans will be turned down if the as­sump­tions were too ag­gres­sive,” Bove said in a phone in­ter­view. “The Fed risks look­ing like it caved to pres­sure” if it doesn’t re­ject those plans, he said. The banks prob­a­bly were hurt by their risk of trad­ing losses, an­a­lysts said. The six big­gest firms were pro­jected to lose $97 bil­lion on trad­ing in nine quar­ters through 2014, com­pared with $116.5 bil­lion in losses es­ti­mated in last year’s test, the cen­tral bank said. Gold­man Sachs and JPMor­gan had the most such risk, with the Fed pro­ject­ing losses of $24.9 bil­lion and $23.5 bil­lion, re­spec­tively.

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