Famed banking analyst, M. Mayo, took B. Gross to task today, proclaiming the banks are more resilient now than in decades. More importantly, he likens them to a ‘coiled spring’, ready to pounce higher should anything in the broader economy improve.
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I was stunned a couple of weeks ago when he boosted JPM. The guy and Dimon have been at each other’s throats for about a decade. Love me some Mayo. I should buy more BX but I am already long.