Credit Suisse's Siegenthaler believes a pullback in the stocks in the wake of earnings is inevitable given their outperformance.
"We believe investors may initially react positively to
In the end, delivering on or exceeding the ramped-up credit quality expectations will take precedence, or as Bank of America Merrill Lynch analysts put it, banks will need to show an "absolute improvement in credit metrics" for their stocks to build on hefty year-to-date gains.
--Written by Laurie Kulikowski in New York.
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