The Latest Breaking News from Ebrahim Poonawala

Morgan Stanley (NYSE:MS) on Wednesday reported a second-quarter 2025 earnings of $2.13, up from $1.82 a year ago and beating the consensus of $2.02.

The analyst said recent changes are paying off and making the bank more competitive

Shares of big bank stock Citigroup Inc (NYSE: C) are down 16.6% year-to-date and 27% overall in the past year. Given the bank's relatively solid first-quarter earnings report last week, one Citigroup analyst said Sunday that the negative investor sentiment surrounding Citigroup may have finally peaked.

The year got off to a bumpy start for investors, and the S&P 500 is now down 5.6% year-to-date in 2022.

On Thursday, the yield curve between 2-year and 10-year U.S. Treasury bonds inverted for the first time since 2019, an economic recession indicator that has been extremely reliable over the past century.

Citigroup Inc (NYSE: C) shares have lagged the S&P 500 and many of its banking peers so far in 2022, but Bank of America analyst Ebrahim Poonawala said Monday that a recent meeting with Citigroup CFO Mark Mason has him feeling extremely optimistic about the stock's outlo

Bank stocks have underperformed since Russia launched its invasion of Ukraine in late February. Despite the recent weakness, Bank of America analyst Ebrahim Poonawala said this week the interest rate environment is paying out even better than expected for big banks.

Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns.

Earlier this month, Citigroup Inc (NYSE: C) announced it will be exiting its consumer, small business and middle-market banking operations of Citibanamex in Mexico.