Citigroup expected to see over 30% rally, according to top bank analyst Mike Mayo

Top bank analyst Mike Mayo sees Citigroup rallying more than 30%

Citigroup Reaches Major Milestone with Organizational Streamlining Efforts Citigroup, the banking giant, is set to complete its organizational streamlining efforts this week, marking a major milestone for the company. According to Wells Fargo’s Mike Mayo, the corporate overhaul includes multiple waves of layoffs and restructuring of management layers. CEO Jane Fraser has been leading these … Read more

Dow Jones Struggles as Earnings Season Kicks Off: Diverging Fortunes in the Financial Sector

A Trader works on the floor of the New York Stock Exchange NYSE

On Tuesday, the Dow Jones Industrial Average struggled to maintain its early 2023 momentum as investors weighed the latest earnings results. The blue-chip index, which is a stock market index that tracks 30 of the largest and most widely traded publicly listed companies in the United States, lost 391.76 points, or 1.14%, to close at … Read more

Dow pops 400 points as Wall Street applauds latest bank earnings, strong June retail sales

analyst custs sp500 earnings estimate

Stocks jumped on Friday as traders digested a fresh batch of bank earnings and retail sales for June that came in ahead of expectations. The Dow Jones Industrial Average popped 449 points, or 1.46%. The S&P 500 jumped 1.21% and Nasdaq Composite added 1%, but stocks remained on track for weekly losses. A new round of … Read more