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There's no letup in sight for U.S. banks, CLSA's Mike Mayo says: "This is going to be the worst...

There's no letup in sight for U.S. banks, CLSA's Mike Mayo says: "This is going to be the worst revenue growth year for U.S. banks since 1938, and next year is not going to be a whole lot better." Mayo has Underperform or Sell ratings on 13 of the 19 U.S. banks he covers; his only Buy is PNC, because management has "stuck to their knitting."
Comments (1)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    With a prevailing rate of interest of near zero sticking to your knitting will yield you exactly nothing.
    15 Dec 2011, 06:01 PM Reply Like
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