But the story gets a bit more interesting when taking earnings estimates out a year further. Bank of America's earnings are estimated to increase by 32% in 2014 from 2013. The shares trade for 7.7 times the consensus 2014 estimate. Citi trades for 6.8 times the consensus 2014 EPS estimate of $5.04.
Both Bank of America and Citigroup pay nominal quarterly dividends of a penny a share. Neither company has repurchased any common shares this year.
Following the next round of Federal Reserve stress tests in March, Barclays analyst Jason Goldberg expects Bank of America to raise its quarterly dividend to six cents and repurchase $3 billion worth of shares -- or 2.8% of outstanding shares -- through the first quarter of 2014.
In his Nov. 12 report, the analyst also said he expected Citigroup to raise its quarterly dividend to four cents a share following the stress tests, while gaining Fed approval to repurchase $2 billion worth of common shares, or 1.7% of shares outstanding, through the first quarter of 2014.
BAC data by YCharts
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