U.S. Banks’ Business Models Have Big Earnings LeverageMani
With a tough operating environment behind them, U.S. banks have put greater focus on resource optimization, risk mitigation and cost management. As a result, Societe Generale analysts anticipate that U.S. banks’ business models have significant earnings leverage embedded.
Murali Gopal and the team at Societe Generale, in their report dated June 2, 2014 on U.S. banks entitled “US Banks – Loan growth should lead the recovery; Buy BAC and JPM,” point out that the business models of banks within their coverage universe . . .
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