Following billionaire investors can be a good idea. Many of these investors run large funds that manage billions in capital.
JPMorgan JPM shares are down a little over -3% since their late-November highs, marginally better than the Zacks Finance sector but lagging the broader market that is essentially flat over the same period. Since the November elections, however, JPMorgan shares are up close to +2%, while the S&P 500 index is modestly in the negative.
The Investment Committee give you their top stocks to watch for the second half.
JPMorgan, Citigroup and Bank of America are included in this Analyst Blog.
Citigroup Inc. C will release its fourth-quarter financial results before the opening bell on Wednesday, Jan. 15.
C Stock reaches 52-week high. Can the bank's transformational efforts and the Fed's recent rate cuts keep the momentum?
Citigroup Inc. C will release its fourth-quarter financial results before the opening bel l on Wednesday, Jan. 15.
Barclays analyst Jason Goldberg upgrades Citigroup to overweight from equal weight on bullish 2025 prospects.
Citigroup's stock could double in value over the next three years as the Wall Street lender's profits surge, Wells Fargo analysts wrote in a client note on Friday, naming it the brokerage's top pick in the large-cap banking sector.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) announced their departure from the Net-Zero Banking Alliance, a UN-backed initiative aimed at reducing financial support for industries contributing to greenhouse gas emissions. The move follows similar exits by Goldman Sachs and Wells Fargo, highlighting shifting corporate priorities under increased Republican scrutiny following Donald Trump's re-election.
Citigroup Inc.'s stock has outperformed the S&P 500 since our latest coverage, and we see additional gains ahead. The bank's financials show mixed results, with a slight revenue increase and higher credit costs. We think consolidation will occur in 2025, providing Citi with elevated interest and non-interest revenue. Net credit losses added an overhang to Citigroup's net income in Q3 2024. However, we see departure occurring in due course.