Josh Brown talks two big bank stocks after earnings reports
Ritholtz Wealth Management CEO Josh Brown had good things to say about JPMorgan and Citigroup following the financial institutions’ earnings reports on Tuesday. Brown joined CNBC’s “Halftime Report” to discuss the two banks after both beat Wall Street estimates. Here’s what he had to say about each name: Citi While Brown said he doesn’t own Citigroup, he did acknowledge that the stock looks “outstanding” from a technical perspective. Brown pointed out that the company said it expects $84 billion in revenue for the full year, which was at the high end of its guidance. Shares rallied more than 4% in Tuesday’s session, bringing its year-to-date gain close to 30%. C 1D mountain Citi, 1-day “If you know the history, Citi is not a company that has had any right, historically, to give guidance at the high end,” Brown said. “I like that confidence.” Brown said the company has done a lot of the right things in recent years. “Now, you’re starting to get credit for it as an investor.” JPMorgan Brown called JPMorgan a stock he has no intention of giving up. He said he isn’t concerned if it underperforms Citi in the near future. “It’s a forever position for me,” Brown said. Despite exceeding analyst expectations, shares fell around 0.8% in afternoon trading. Still, shares have rallied more than 19% in 2025, putting the stock on track for its third straight winning year. “I’m not ever selling,” he said. “I have dividends reinvesting.” JPM 1D mountain JPMorgan, 1-day All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC” TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
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