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 their forecast which is important as investors...
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