SunTrust, Fifth Third Bancorp Full Speed Ahead?

Sterne Agee analysts have released their top bank picks coming out of the 2Q14 earnings across various market caps and on average their price targets represent potential upside of 24%. Terry McEvoy and team in their report dated August 1, 2014 have assumed an anticipated P/E multiple of roughly 14% based on their 2016 EPS estimate. Sterne Agee’s Top large-cap picks: Fifth Third Bancorp, SunTrust Banks Terry McEvoy of Sterne Agee notes Fifth Third Bancorp (NASDAQ:FITB)’s core results were $0.43, which is in-line with their estimate. The analyst points out Fifth Third’s net charge-offs dropped about 40% Q/Q and matched…