-
US Stocks Likely To Open Higher As Investors Eye GDP Print, Strong Alphabet Results To Kick Off 'Mag 7' Earnings Week: Strategist Flags November As 'Best Month Of The Year' For Markets
Wednesday, October 30, 2024 - 7:08am | 1550Investors on Wall Street seem upbeat as the index futures point to a positive start on Wednesday despite ending the previous session on a mixed note. Search and advertising giant Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) kicked off the highly anticipated tech earnings week on a strong note. The...
-
Why Pete Najarian Prefers Bank Of America Over JPMorgan: 'This Is The Stock To Own'
Thursday, March 17, 2022 - 3:12pm | 318Bank Of America Corp (NYSE: BAC) was featured as the call of the day Thursday on CNBC's "Fast Money: Halftime Report." What Happened: Wells Fargo's Mike Mayo reiterated Bank Of America as a top pick on strong net interest income growth. Mayo has an Overweight rating on the stock...
-
JPMorgan Option Trader Bets $1.3M On Rebound
Monday, June 15, 2020 - 2:14pm | 937Shares of JPMorgan Chase & Co. (NYSE: JPM) traded lower Monday as traders grow increasingly concerned about the economic impact of a potential second wave of COVID-19 infections. Bank stocks already have an uphill battle in 2020 to generate profits after the Federal Reserve cut interest rates...
-
KeyCorp's Q1 Draws Mixed Analyst Reviews, Stock Heads Higher
Friday, April 17, 2020 - 3:06pm | 502KeyCorp (NYSE: KEY) reported first-quarter earnings of 12 cents per share Thursday, significantly missing the consensus estimate of 32 cents per share. The bank posted a higher provision expense in the quarter of $359 million. BofA Securities Drops Bullish KeyCorp Stance ...
-
Apple Card May Bring New Customers, But Analyst Says Effect On Goldman Sachs Will Be Minimal
Monday, August 5, 2019 - 12:25pm | 438The release of the new Apple credit card by Goldman Sachs Group, Inc (NYSE: GS) shows the legacy Wall Street firm’s interest into expanding into the world of the digital storefront, but is a small move that isn’t likely to be a game-changer for the venerable bank, or the industry, Wells...
-
Wall Street Skeptical Of Deutsche Bank's Restructuring Plan
Monday, July 8, 2019 - 12:49pm | 629On Sunday, battered international investment bank Deutsche Bank AG (NYSE: DB) announced it will be exiting the equities business and cutting 18,000 jobs as part of an aggressive restructuring plan. Deutsche Bank said it will eliminate its trading business as part of a cost-cutting plan that will...
-
Goldman Sachs Silence Could Cause Heightened Uncertainty, Wells Fargo Says
Tuesday, December 18, 2018 - 4:07pm | 320Goldman Sachs Group, Inc. (NYSE: GS) has remained silent during its recent CEO transition and is yet to address concerns related to the criminal charges filed by Malaysia. The silence triggers undesirable uncertainty, according to a Wells Fargo. The Analyst Wells Fargo’s Mike Mayo ...
-
Wells Fargo Turns Bullish On Morgan Stanley
Wednesday, October 24, 2018 - 12:37pm | 404Morgan Stanley (NYSE: MS) has successfully diversified its business mix and is successfully gaining market share in some areas and retaining it in others, Wells Fargo said in an upgrade. The Analyst Analyst Mike Mayo upgraded Morgan Stanley from Market Perform to Outperform with a price...
-
Why The Market Isn't Giving Citigroup Credit For Its Q3 Beat
Friday, October 13, 2017 - 11:19am | 594Citigroup Inc (NYSE: C) shares settled Thursday's session down 3.43 percent at $72.37 despite reporting forecast-beating third quarter results. The negative market reaction only to find that it was due to issues with its card business, Wells Fargo analyst Mike Mayo said in a note. ...
-
Hard To Put A Shiny Spin On Goldman's Dull Q1 Results
Tuesday, April 18, 2017 - 11:57am | 446Shares of Goldman Sachs Group Inc (NYSE: GS) fell more than 4 percent on Tuesday in reaction to the bank's first-quarter earnings report, which consisted of both and earnings and revenue miss. Ahead of the earnings report notable bank analyst Mike Mayo named Goldman Sachs his top pick in the space...
-
One Of The Street's Top Bank Analyst Offers His Hottest Pick
Monday, April 17, 2017 - 1:37pm | 421Mike Mayo has earned himself a reputation as being on of the Street's most notable bank analysts when he worked at CLSA. Mayo, now operating as an independent analyst, was a guest on a recent CNBC "Trading Nation" segment to share his top bank pick as earnings season for banks kicked off last week...
-
CLSA Analyst Sees Bank Stocks Gaining 50% Over Next 3 Years
Wednesday, January 11, 2017 - 3:15pm | 363Bank stocks are expected to gain 50 percent over the next three years, at least according to CLSA's bank analyst Mike Mayo. Speaking as a guest on CNBC, the analyst doesn't believe bank stocks have moved ahead of themselves in the recent stock market surge. Mayo justified his bullish...
-
A Call For Management Pay 'Clawbacks' At Wells Fargo
Monday, September 19, 2016 - 3:48pm | 289CLSA analysts believe Wells Fargo & Co (NYSE: WFC) should institute clawbacks for the head of Community Banking (Carrie Tolstedt), clawbacks and/or pay reduction for the CEO (John Stumpf). But, the brokerage wants the CEO to be retained given improvements in top line and returns during his...
-
CLSA's Mike Mayo Talks Comerica's Annual Meeting: Management Is 'Finally Listening'
Tuesday, April 26, 2016 - 5:08pm | 250Mike Mayo, an analyst at CLSA, discussed several key events that occurred at Comerica Incorporated (NYSE: CMA)'s annual general meeting. Speaking to CNBC, Mayo said Comerica's annual general meeting was one of its "most noteworthy" gatherings. He added that the meeting could...
-
CLSA Analyst: We Will Know 5 Days From Now Whether Citigroup's CEO Still Has A Job
Friday, March 6, 2015 - 4:21pm | 390Giving a respite to Wall Street, all 31 banks subjected to Federal Reserve's stress test have cleared the first round. Mike Mayo, CLSA bank analyst, was on CNBC Friday to weigh in on this and to discuss why the second round of the stress test is so crucial for Citigroup Inc (NYSE: C) CEO...