NEW YORK ( TheStreet) --Morgan Stanley analyst Betsy Graseck raised first-quarter estimates for the big banks on Sunday, citing upside to capital markets revenues.
The return of the "risk on" trade is buoying fixed income trading revenues and investment banking fees are also up 14% quarter-to-date, according to the analyst. Improved consumer credit and higher refinancing fee income thanks to a better-than-expected response to the latest HARP changes also provide upside.
Here's a quick look at the revised estimates.
Bank of America
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