Why bank stocks could surge 50% in the next 18 months, according to a Wells Fargo analyst (BAC, JPM, C)

Why bank stocks could surge 50% in the next 18 months, according to a Wells Fargo analyst (BAC, JPM, C)

Business Insider

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· *Mike Mayo, Wells Fargo senior banking analyst, told CNBC bank stocks could increase by 50% in the next 18 to 24 months.*
· *He explained that banks are experiencing the highest buildup of reserves in history.*
· *Mayo said that he thinks the foundations of the banks are strong, and earnings could be like a...

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