Wells Fargo’s Mike Mayo: Citi My Top Pick of Big Banks
Investors are preparing for a significant earnings week as five of the six largest US banks, including JPMorgan, Citi, Wells Fargo, Bank of America, and
Investors are preparing for a significant earnings week as five of the six largest US banks, including JPMorgan, Citi, Wells Fargo, Bank of America, and Goldman Sachs, are scheduled to report their quarterly results within a few hours of each other. Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo, joined the program to share his outlook.
He expects overall bank earnings to increase by 15 to 20 percent year-over-year, driven by a combination of strong Wall Street trading revenues and robust commercial loan growth on Main Street. He speaks with Romaine Bostick & Katie Greifeld on "The Close." More on Bloomberg Television and Markets Like this video?
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