The guessing game for how much in the way of capital returns regulators will allow the banks begins, and Bernstein ups its expectations for Bank of America (BAC) to a quarterly rate of $0.025 ($0.01 now) and JPMorgan (JPM) to $0.35 ($0.30 now). Bernstein also expects BofA to get approval for a $3B share buyback, and JPMorgan $8B.
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