Morgan Stanley analysts Betsy L. Graseck, Michael J. Cyprys, Manan Gosalia and Jeremiah Driansky peek into the crystal ball and come up with their industry view for large cap banks for the third quarter. Their view is that large cap banks are attractive, and that Q3, which is seasonally weak, presents a buying opportunity. Long-term industry fundamentals and the earnings outlook for 2015 are supported by improving credit in a modest growth environment. Factors positive for the industry Credit is improving on a surprising basis due to Fed stimulus, which is boosting housing values, and consumer sentiment and employment. The…
What 3Q13 could hold for Large Cap Banks
HFA Staff
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