According to a CNBC report, Wells Fargo analyst Mike Mayo noted that Citi is well positioned to navigate any headwinds from the tariffs given its success navigating the first round of duties during Donald Trump’s first term.
While plummeting stock indexes sent some investors screaming for the exits, others look to shift assets from large-cap tech stocks and cap-weighted ETFs into less volatile investments..
The company also witnessed the 15th consecutive month of at least 300,000 new account openings, with 362,000 new brokerage accounts opened in February.
Dividend shares and high-yield funds are among the most popular investment vehicles people choose to rely on for a consistent payout or to grow their money.
CEO Stephen J. Squeri’s optimism is driven by factors like the company’s differentiated business model, including its brand, global premium customer base at scale, and its network of partners.
The RBC analyst reportedly indicated that Wells Fargo could hit a higher valuation once it lifts its asset cap and achieves a 15% return on average common equity.
According to TheFly, Citi indicated that a growth rate of 3% is achievable, given the expected growth in both the commercial aerospace and defense end markets.
GE Aerospace said $500 million will be used to expand capacity to strengthen quality and delivery at several key sites, especially those that support the production and assembly of the narrow-body CFM LEAP engine.
