Bank Of America Corp: WM, I-Banking Strong

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Mani
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Bank of America

Bernstein analysts have maintained their EPS estimates for Bank of America Corp (NYSE:BAC) and U.S. Bancorp (NYSE:USB) while lowering their 2014 EPS estimates for PNC Financial Services Group Inc (NYSE:PNC) as softer NII and expenses outweigh PNC’s improving credit. However, in their report dated July 17, 2014 on “U.S. Large-Cap Banks,” John E. McDonald and his team at Bernstein Research retained their Market Perform rating on all the three U.S. large-cap banks.   Credit and capital market revenues boost Bank of America Analyzing the recent results posted by Bank of America Corp (NYSE:BAC), the Bernstein analysts note that Bank of America’s…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports