Wells Fargo, Bank of America Hold Potential For Buybacks

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Over the next three years, the banking industry is poised to return nearly all of its excess capital and close to 100% of non-retained earnings annually to shareholders, believes RBC Capital Markets. Gerard Cassidy and the team at RBC Capital Markets, however point out that such return of excess capital would be tempered by regulatory considerations such as CCAR and SLR. Earlier, Bernstein in its report pointed out that Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) should have the greatest amount of excess capital as a percentage of market caps over the next couple of years. Excess capital,…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports