. J.P. Morgan and Bank of America both rose more than 40% last year, while Wells Fargo advances just 16.8%.
Wells Fargo banking analyst Mike Mayo raised last month his price target on the stock to $97 per share from $85 per share, telling CNBC's "Fast Money" it's his favorite banking stock "." Goldman Sachs also added Citigroup to its conviction buy list last week while Bank of America called it its "pick of the decade."
Still, expectations for Citigroup are high heading into its earnings release. Refinitiv's profit estimate represents a 14% year-over-year jump from $1.61 per share. J.P. Morgan Chase reported fourth-quarter earnings earlier on Tuesday, topping analyst expectations as its bond-trading revenueThis story is developing. Please check back for updates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JP Morgan Chase is set to report fourth-quarter earnings – here's what the Street expectsJ.P. Morgan, the biggest U.S. bank by assets, is the first major lender to report earnings. I'm buying more $GRNF JPMORGAN CHASE REPORTS RECORD FOURTH-QUARTER 2019 NET INCOME OF $8.5 BILLION, OR $2.57 PER SHARE RECORD FULL-YEAR 2019 NET INCOME OF $36.4 BILLION, OR $10.72 PER SHARE Presentation Supplement $JPM
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street hits record, boosted by trade and earnings optimismApple, Alphabet and other tech favorites propelled Wall Street to record highs o... Boosted by trillions pumped in by the Fed. Yeah!!! We can all go buy ourselves lots of..... nothing. Three jobs and no money. But hey Wall Street is up. Bread and water for dinner but Wall Streets up. Time to get another job. And US budget deficit in Q1 highest in 9 years
Source: Reuters - 🏆 2. / 97 Read more »
Visa CEO mentions Wall Street's concerns over Plaid - Business InsiderVisa is set to acquire startup Plaid for $5.3 billion, but the payment giant's CEO hinted at the need to address 'concerns' Wall Street has about the buzzy fintech
Source: BusinessInsider - 🏆 729. / 51 Read more »
JPMorgan's 4Q earnings smash Wall Street's targets - Business InsiderJPMorgan beat analysts' revenue and profit expectations, reflecting strong gains in its corporate and investment bank and asset and wealth management divisions.
Source: BusinessInsider - 🏆 729. / 51 Read more »