Expect Citigroup stock to double by the end of 2026, says Wells Fargo's Mike Mayo

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.

[vickylarue]

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.

[scoopskipotatoes]

The world's a stage, thanks for confirming it

[powerme]

He's from Wells Fargo. The epitome of integrity and ethics... ah, who am I kidding

[BIGJBIGEBIGC]

It’s interesting that a Wells Fargo employee is cheering on a rival bank’s stock…

[ShieldFagundes-dymk]

The ex team decided to work only with the Queen Elizabeth here at Sao Paulo. Carlos III can not pay the England's staff.

[SamTenkan]

80$ before Q2 2025 is my bet. Margins will improve because of cost reductions.

[Elizabeth-uzwm]

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.

[bryanc]

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

[matthewbrandley]

Get screwed out of your money by listening to these fools

[LamarPassmore]

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.