Wells Fargo analyst Mike Mayo picks Citi as top US big-bank stock

Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo, named Citi his top investment pick ahead of a major earnings week. Five of the six largest US banks — JPMorgan, Citi, Wells Fargo, Bank of America and Goldman Sachs — are set to report quarterly results within hours of each other. Mayo forecasts sector earnings growth of 15–20% year-over-year, driven by strong Wall Street trading revenues and robust commercial loan growth.

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