Is $33.9 billion enough for B of A?

Shares of Bank of America Corp. (BAC) are rising in early market trading after the financial services firm announced that it raised $26 billion to meet the requirements of the government's recent stress test.

The Charlotte-based company, which needs to acquire $33.9 billion, got $13.5 billion from an offering of 1.25 million shares in an at the market offering. B of A also sold part of its holdings in China Construction Bank, generating a capital gain. These initiatives also benefit Tier 1 common capital by $1.8 billion by reducing the deferred tax asset deduction.