As Bank of America’s Costs Drop, EPS Should Surge: Stifel Analyst
Revenue growth may still be a distant dream for many large-cap banks, but financial behemoths still have an opportunity to boost earnings by cutting costs. Bank of America (BAC) could see the biggest bump because of its “Project New BAC,” wrote Stifel Nicolaus analyst Christopher Mutascio in upgrading shares to Buy. In fact, EPS could [...]
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