At times an outspoken critic of the top banks, analyst Mike Mayo is now bullish on the group, including Bank of America Corp. and Citigroup Inc.
Bank of America followed JPMorgan Chase's lead with lower revenue but higher-than-expected earnings per share.
An earnings beat by JPMorgan Chase sent shares of Bank of America and Citigroup sharply higher on Wednesday.
There's a lot of upside to their stocks once profitability recovers.
Ahead of first-quarter earnings, should you buy this megabank stock?
Analysts expect earnings per share at the nation's biggest banks to fall from between 6% and 27% in the first quarter of the year.
Explaining why JPMorgan Chase and Wells Fargo trade for premiums to tangible book value while Bank of America and Citigroup trade for discounts.
General Electric still has a financial arm, but it's gotten a lot smaller, a lot more focused, and a lot less in need of Washington regulators staring over its shoulder.
Energy exposure is bound to be a major story line for first-quarter bank earnings.
Michael Burry is back in the game and is buying some of today's most popular stocks.