Tax Plan Can Boost Bank Earnings Estimates, Says Cassidy

The transcript discusses the current target prices for banks, particularly JP Morgan, and the potential impact of tax reform on earnings and target prices. It highlights the need to reassess forecasts if tax reform is enacted, as it could significantly boost earnings. The discussion also covers the influence of regulatory changes and economic growth on bank performance. Recommendations for top bank stocks, including Bank America, Citigroup, and PNC Financial, are provided, emphasizing their potential for investment.

What factors are mentioned that could lead to an increase in earnings estimates?

How does the speaker suggest tax reform could impact target prices?

What is the expected effect on earnings if the tax rate is lowered to the statutory rate of 20%?

What concerns does the speaker express regarding the lack of tax reform?

Which banks are mentioned as top picks for investors?