Archive · 17 Sep 2025
Mike Mayo Optimistic on Banks Due to Deal-Making
A financial analyst named Mike Mayo thinks big banks will do really well.
He's raising the price estimates for big US banks like JP Morgan and Citigroup because more companies are making deals and raising money.
Companies have made over $1 trillion worth of deals since June.
Mayo thinks banks will have their best years ever in 2025 and 2026.
This is because the amount of deals is going up, making banks more money.
Mike Mayo raised price targets for major US lenders.
He expects record capital market revenue in 2025 and 2026.
Companies have announced over $1 trillion in deals since June.
The analyst correctly predicted the rebound in banks early last year.
Executives at Citigroup and Goldman Sachs see increasing deal-making.
- Who
- Mike Mayo, analyst at Wells Fargo
- What
- Raised price targets for major US lenders due to rebounding deal-making.
- When
- Predictions for record capital market activity in 2025 and 2026.
- Where
- Wall Street
- Why
- Increased deal-making and capital raising activity.
- Analyst
- Mike Mayo (Wells Fargo)
- Banks Affected
- JPMorgan Chase, Citigroup, Morgan Stanley, Goldman Sachs, Bank of America
- Price Target Increase
- Up to 14%
- Capital Markets Forecast
- Record levels in 2025-2026
- Dealmaking Surge
- $1 trillion+ in global deals since June