Wednesday, January 12, 2022 14:57:16 UTC
CITIGROUP INC: We entered a call option, $66.00 strike price, at 12:27 PM with a limit buy. We exited 21 hours later by limit sale for a 116% profit!
Post-fed confirmation hearing scalp. Taking additional profits.(More)
#c #citigroup #citibank #ms #wfc #jpm #usb #pnc #bank #finance
Tuesday, January 11, 2022 14:18:28 UTC
The Federal Reserve's newest bank loan data supports Bank of America Securities' "NII [net interest income] to the sky" slogan for U.S. banks, says Mike Mayo.
Total loan increase in Q4 was 2%, excluding PPP loans, due to consumer, real estate, and better-than-expected core commercial loans, he added.
Banks such as Bank of America (NYSE:BAC), PNC Financial (NYSE:PNC), Truist Financial (NYSE:TFC), and U.S. Bancorp (NYSE:USB), as well as regional banks and others, could benefit from this, the stock analyst noted.
"Conclusion: When profits are published later this week and next week, we expect improved loan growth expectations," Mayo says.(More)
BOFA: NET INTEREST INCOME 'TO THE SKY'
Tuesday, January 11, 2022 14:18:28 UTC
The Federal Reserve's newest bank loan data supports Bank of America Securities' "NII [net interest income] to the sky" slogan for U.S. banks, says Mike Mayo.
Total loan increase in Q4 was 2%, excluding PPP loans, due to consumer, real estate, and better-than-expected core commercial loans, he added.
Banks such as Bank of America (NYSE:BAC), PNC Financial (NYSE:PNC), Truist Financial (NYSE:TFC), and U.S. Bancorp (NYSE:USB), as well as regional banks and others, could benefit from this, the stock analyst noted.
"Conclusion: When profits are published later this week and next week, we expect improved loan growth expectations," Mayo says.