October 13, 2017
Updated 6mo ago
Banks kicked off earnings season this week, led by JPMorgan, Citigroup, Wells Fargo, and Bank of America. Ken Leon, Global Director of Research at CFRA, breaks down why he thinks big banks are headed for more gains over the next year. Despite reporting a 27% decline in fixed income trading, JPMorgan is still on CFRA's good side. Leon reiterated his "Buy" rating and explained why he bumped up his price target by $6 to $106.