Sterne Agee analysts’ top large-cap bank picks have an average estimated P/E multiple of about 13.5x based on their 2016 EPS estimates, indicating a potential upside of 17%.
Terry McEvoy and the team at Sterne Agee in their industry report dated November 6, 2014 titled: “Sterne Agee’s Top Bank Picks Coming Out of the 3Q14 Earnings Season” listed 18 large-cap banks as their top picks.
BB&T and Fifth Third top large-cap bank picks
Terry McEvoy et al like BB&T Corporation (NYSE:BBT) for the bank’s growing insurance business and lack of exposure to leveraged lending. They note BB&T is unique among the regional banks for its diversified revenue stream and lower risk balance sheet. The analysts anticipate the potential for EPS accretive bank...
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