Feed Tag: Ebrahim Poonawala

Goldman Sachs Group Inc’s (NYSE: GS) stock could outperform other banking stocks, with a worsening economic backdrop adversely impacting the earnings of “the balance sheet lending heavy peers,” according to BofA Securities.

After more than a decade of growth stocks outperforming value stocks, that trend has reversed in the past year.

Shares of big bank stock Citigroup Inc (NYSE: C) are down 16.6% year-to-date and 27% overall in the past year. Given the bank's relatively solid first-quarter earnings report last week, one Citigroup analyst said Sunday that the negative investor sentiment surrounding Citigroup may have finally peaked.

On Thursday, the yield curve between 2-year and 10-year U.S. Treasury bonds inverted for the first time since 2019, an economic recession indicator that has been extremely reliable over the past century.

The bond market is pricing in a 68.1% chance the Federal Reserve will raise interest rates at least 1.5% by the end of 2022. Rising interest rates are typically good news for bank profits, but bank stocks have taken a huge hit so far in 2022.

Citigroup Inc’s (NYSE: C) management presented a “realistic set of financial goals” during the investor day event, according to BofA Securities.

Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns.

Earlier this month, Citigroup Inc (NYSE: C) announced it will be exiting its consumer, small business and middle-market banking operations of Citibanamex in Mexico.

While any potential weakness with JPMorgan Chase & Co’s (NYSE: JPM) stock over the next few days would represent a buying opportunity, while Wells Fargo & Co.’s (NYSE: WFC) stock could benefit fr

Recent meetings with KeyCorp’s (NYSE: KEY) CEO Chris Gorman and CFO Don Kimble highlighted the company’s significant and differentiated growth potential, according to BofA Securities.