Entering text into the input field will update the search result below

State Street, BofA, PNC likely to be CCAR winners - Raymond James

  • Raymond James analyst David Long sees State Street (NYSE:STT) better prepared for the counter-party risk part of the Fed's stress test this year, letting it boost its payout level and exceeding expectations, he writes in a note previewing the Fed's CCAR results.
  • Bank of America (NYSE:BAC) may also come out ahead as it's discussed raising its payout more in line with peers; buyback remain attractive given high capital levels and its discounted relative valuation, Long writes.
  • PNC (NYSE:PNC), which may benefit from the Fed's proposed tailoring of capital requirements, is well positioned to boost its buyback ratio due to high capital levels.
  • Overall, Long sees slight reduction in average payout ratio in comparison to Street expectations for a "more pronounced contraction."

Recommended For You

Related Stocks

SymbolLast Price% Chg
BAC
--
STT
--
PNC
--