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...
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