Bank Bull Run Seen Thundering Onward With Hedge Funds Loaded Up
- Mike Mayo sees earnings growth topping S&P 500 average in 2025
- Uncertainty over Trump policies and rate cut path draw concern
Hedge funds piled into shares of financial firms in the third quarter, boosting their exposure to more than $340 billion.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
It’s been a banner year for US bank stocks by almost any measure. For many of the sector’s most respected observers, the best is yet to come.
Wells Fargo & Co. analyst Mike Mayo says net interest income could climb to a record in 2025. Barclays Plc’s Jason Goldberg says earnings-per-share growth will rise at an almost double-digit rate over the next two years. and they’re hardly the only ones that are bullish.