are cheap versus the others because they haven't been doing that well.' I mean, I'm looking at Wells Fargo and I'm saying, 'Eh, nothing special, nothing special, but they beat on [revenue], they beat on expenses, they beat on net interest income,' and then I realize, wow, that's what you want. It's the trifecta. [CEO] Charlie Scharf. He's back. He's bigger than ever. … To me, it is still a pitiful, helpless giant.
Gerard Cassidy, managing director and large-cap bank analyst at RBC Capital Markets, expected higher loan growth in the coming months despite difficult first-quarter comparisons: "When you look at the comps depending on what type of business line, they are either easy or difficult. And if you compare the trading results to the first-quarter levels of '21, those were difficult comps. Investment banking … especially on a year-over-year basis, those comps were quite strong.
Jason Goldberg, managing director and U.S. large-cap bank equity analyst at Barclays, also had an eye on loan growth after"We'll see what others bring, but certainly as we look out into later this year and into next, we do foresee loan growth accelerating. Loan growth has historically been a lagging economic indicator and all forecasts have the economy continuing to grow and we expect loan growth to follow.
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