CoinJie.com news, citing a Bloomberg report, said Mike Mayo of Wells Fargo noted that Citi is his most favored large bank. Investors are preparing for the upcoming important earnings week, during which five of the six U.S. banks—including JPMorgan, Citi, Wells Fargo, Bank of America, and Goldman Sachs—are expected to release quarterly results within a short period of time. Mayo expects that overall bank profits will grow year over year by 15% to 20%, driven by strong trading revenue on Wall Street and steady commercial loan growth on Main Street.

WFC0.66%
BAC-0.17%
JPM-0.59%
GS-0.84%
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GateUser-7e77b8d8
· 10h ago
Six big banks and five more institutions are lining up to report earnings—if the 15–20% growth pace actually gets delivered, sector sentiment could stay warm for a bit.
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BluePeonyPrincipalProtection
· 10h ago
Mayao looks bullish on Citi, which is a bit interesting—after all, the valuation repair upside here is indeed substantial.
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