Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)

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Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo.

The “five Ps” – central banks, capital markets, costs, credit, and capital – are at work in

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