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Mike Mayo Keeps the Hoodie on as Banks Turn to Tech (Bloomberg) -- Wall Street’s focus on Silicon Valley has helped lift shares of Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. to new highs and is likely to keep fueling gains for the biggest bank stocks, according to analyst Mike Mayo. “I’m living in my hoodie” as long as tech keeps boosting banks’ revenue and trimming their expenses, said Mayo, who covers the sector at Wells Fargo, in a phone interview. In October, Mayo shed his suit jacket on Bloomberg TV to show his commitment to transforming himself into a “techie” from a bank analyst. Mayo reaffirmed Citigroup, BofA and JPMorgan as his top picks as the sector continues to focus on fintech opportunities such as digital banking, electronic payments and the use of artificial intelligence. The three were the best performers among the top 40 banks, by assets, in 2019, with Citigroup soaring about 53% while BofA and JPMorgan both gained 43%. Those gains outpac...