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This US bank stock could gain from Trump’s tariffs
- Citigroup Inc benefitted from higher tariffs under Trump 1.0.
- Wells Fargo is convinced this time is not going to be any different.
- Citi stock is currently down close to 20% versus its year-to-date high.
Trump tariffs and the related fears of an economic slowdown ahead are broadly expected to serve as headwinds for the US bank stocks in 2025. Still, one of them, Citigroup Inc (NYSE: C), is worth buying on the recent weakness, according to Wells Fargo analyst Mike Mayo. Mayo expects Citi stock to benefit amidst the […]
March 18, 2025
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