al n rte n I- d e tc i tr s Re CORE U.S. Large-Cap Banks 4Q19 EPS Review: Banks Stocks Down But Not Out Bank EPS continued to beat in 4Q19. In 4Q19, over three-quarters (18 of 23; still waiting on TFC) of our coverage exceeded consensus EPS expectations, USB, KEY and HBAN were in-line, while WFC (fee income, expenses) and FITB (loan loss provision) missed. This marks the 16th straight quarter when at least two-thirds of ourcoverage INDUSTRY UPDATE U.S. Large-Cap Banks POSITIVE Unchanged U.S. Lar
