Citigroup And Bank Of America EPS Estimates Reduced: Jefferies
Lower trading fees and other challenges could be a drag on large banks’ first quarter earnings, and while Jefferies analyst Ken Usdin is still bullish on the sector in the long-term, his EPS estimates are below consensus across the board and he thinks that investors are simply bracing for a disappointing 1Q14.
“With a few weeks left in 1Q14, the EPS set-up for Bank of America Corp (NYSE . . .
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