Morgan Stanley notes that the firm’s Q4 EPS estimate is median 2% above consensus for the large cap bank group as the firm expects capital markets beats in the quarter, positive commentary on 2025 pipelines and the benefit of a steeper curve to drive up 2025 guidance. The firm, which also notes that its 2025 EPS median estimate for the group is 4% above the Street view, identifies Citi (C) as it most preferred stock into earnings and top pick among large cap banks with 43% upside to the firm’s $104 price target Morgan Stanley keeps an Overweight rating on Citi shares.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
