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Highest Projected Earnings Growth in the Diversified Banks Industry Detected in Shares of Bank Of America (BAC, JPM, C, USB, WFC)

By Shiri Gupta

Below are the three companies in the Diversified Banks industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Bank Of America ranks highest with a projected earnings growth of 36.9%. Following is Jpmorgan Chase with a projected earnings growth of 29.4%. Citigroup Inc ranks third highest with a projected earnings growth of 22.9%.

Us Bancorp follows with a projected earnings growth of 18.4%, and Wells Fargo & Co rounds out the top five with a projected earnings growth of 12.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Wells Fargo & Co on January 14th, 2020 by issuing a Downtrend alert when the shares were trading at $50.00. Since that call, shares of Wells Fargo & Co have fallen 47.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest projected earnings growth Bank of america JPMorgan Chase citigroup inc us bancorp wells fargo & co

Ticker(s): BAC JPM C USB WFC