Ken Leon spotlights U.S. banks as a strong sector in 2025 and talks about what’s driving their success. However, not all are created equal: he digs into revenue segments to explain why he is bullish on Goldman Sachs (GS) but is more cautious on JPMorgan (JPM). He calls Bank of America (BAC) “average at best” and says Citigroup (C) is in the “second half of the game” in its pivot.