Calyon's Mike Mayo Lifts Estimates On Citi (C), BofA (BAC), and JPMorgan (JPM)
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Calyon Securities banking analyst Mike Mayo, formerly at Deutsche Bank, raised his estimates on Citigroup (NYSE: C), Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM), according to reports from Bloomberg. Mayo cited stronger capital market activity and higher asset levels.
Mayo has an Undeperform rating on Citigroup, Bank of America and JPMorgan.
Shares of these financials are mixed today amid the Goldman Sachs (NYSE: GS) earnings. Shares of Citi are up about 3.6% to $2.88, BofA shares are down 1% to $12.84 and JPMorgan's stock has also fallen about a percent, currently down to $34.28.
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