Large cap regional banks’ 2014 estimates are a little high and should expect to witness downward revisions post-4Q13 earnings, according to the latest research report from Citi. Keith Horowitz and the analyst team at Citi Research pegged their estimates for the large cap regional banks 3% below consensus on average. Relative valuations appear full at current levels Citi analysts believe the regional banks currently trade at about 12x 2014 earnings or about 20% discount to the S&P 500 (INDEXSP:.INX) compared to their historical 26% discount. The following graphs highlight the analysts’ views: Citi analysts anticipate 3% downside to 2014 consensus EPS…
Large Cap Regional Banks Q4 Preview: BBT The Best Of All?
Mani
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