Citigroup becoming ‘simple and profitable’ firm

The analyst’s bullishness comes from his positive stance on the restructuring taking place under chief executive officer Jane Fraser. — Bloomberg

NEW YORK: Mike Mayo is doubling down on his bullish call for Citigroup Inc.

The Wells Fargo and Co analyst has already named Citi his top pick among big bank stocks for 2024, replacing JPMorgan Chase and Co as his favourite.

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