Mike Mayo Says Citigroup Is Still a Buy

Mike Mayo, Wells Fargo Managing Director, US Large Cap Banks, joins Katie Greifeld and Scarlet Fu to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
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[@power2me1]

Mike has been a banking sector cheerleader forever. Regardless of what's actually going on.

[@soyunindo]

Hardly, he was pessimistic on Citi before, especially on the restructure and "internal strife" common to Citi. Mike Mayo was actually the the most hated analyst for being honest since his career in Credit Suisse before.

[@RudySoobaroyen]

Well Mike called the banking sector a strong sell in late 90s.. Btw nobody wants to talk about CDOs or the subprime crisis.

[@NazriB]

Lies again? CAZOO GAZi USD SGD

[@yappydabbad9323]

They're dirt cheap so they're amazing buys here for the next 2-3 years

[@AmitKumar-tg7of]

Kool katie

[@markbain9290]

Banamex has got critical mass and is growing fast. Why ditch it? That decision defies logic. They should change course and keep Banamex to close the discount to book value!

[@JasonGRichards]

Toupee!

[@andybello2473]

Yea, Citi HAS missed everthing, and it shows in the stock price and its discount to BV.

[@soyunindo]

We will see. At this point, only "time" will tell if the restructure and divestiture were the right moves or the biggest mistakes Citi has made.

[@andybello2473]

Jane, listen to Mike, buy back some stock!!!!!!!!!!!!!!!!

[@parkerpkthn]

Nope...

[@ayenewwolde4393]

market to market loss

[@pacpern9988]

Leave it alone, toxic

[@wrenster34]

The lies being told by this network about the state of the consumer and economy are criminal negligence