As BofA Profit Forecast Banks Look To Expand Abroad

Bank of America

earnings forecasts are expected to shrink further, while rivals Wells Fargo

and Citigroup

are seeking new profits by increasing their reach into foreign markets. Overall, U.S. banks are worried the next round of stress tests by the Federal Reserve could expose new weaknesses at a time when they're struggling to find new ways to raise revenue. Stifel Nicolaus sees profit predictions for BofA continuing to drift lower...