Citigroup, BofA To Have Greatest Amount of Excess Capital: Bernstein

Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) should have the greatest amount of excess capital as a percentage of market caps over the next couple of years, points out Bernstein in its recent research report. John E. McDonald and the team at Bernstein Research in their recent research report proposed valuation based on excess capital the large-cap banks would build through 2015. Banks have been in ‘capital build’ mode Bernstein analysts point out that thanks to regulatory requirements towards minimum thresholds through Basel III and CCAR, banks have been in ‘capital build’ mode for the last several years….