Expect Citigroup stock to double by the end of 2026, says Wells Fargo's Mike Mayo
HTML-код
- Опубликовано: 27 авг 2024
- Mike Mayo, Wells Fargo senior bank analyst, joins 'Squawk Box' to discuss the state of the banking sector, why Citigroup is his top bank stock pick, impact of Citi's restructuring, and more.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
The world's a stage,thanks for confirming it
Not a fan of many bank analysts but at least he is entertaining and brings props when he talks. Bold call, too.
He's from Wells Fargo. The epitome of integrity and ethics... ah, who am I kidding
Everyone on cnbc is a pumper 😂😂
Props to him for using props
The ex team decided to work only with the Queen Elizabeth here at Sao Paulo. Carlos III can not pay the England's staff.
80$ before Q2 2025 is my bet. Margins will improve because of cost reductions.
It’s interesting that a Wells Fargo employee is cheering on a rival bank’s stock…
Mayo boy is about to put his foot in his mouth Citi will be the fall guy..sad thing there will be no mention of this stupid interview when they collapse
With taxpayer money
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Jabir said that Allah's Messenger (ﷺ) cursed the accepter of interest and its payer, and one who records it, and the two witnesses, and he said: They are all equal.
Move to Gaza and post your Burka and see what happens 😅
@@Alpharizzchad oppression is worse than slaughter
Get screwed out of your money by listening to these fools