Citigroup Inc
One week later – A look at the Trump trades gaining momentum and those that are fading
It’s a good time to check in on how the ‘Trump trade’ is doing. The stock market rallied to fresh records after Donald Trump was declared the next U.S. president, with investors betting that his vow to cut taxes and loosen regulation weill foster dealmaking, stimulate the economy and support risk assets. The S & […]
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Singapore’s DBS eyes Malaysian bank stakes in expansion push, Reuters reports
DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images Singapore’s biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbor, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia […]
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The four best bank stocks to own amid the Trump trade, according to top analyst Graseck
A Donald Trump presidency and Republican-controlled Senate could boost big banks, according to Morgan Stanley analyst Betsy Graseck. To Graseck’s point, financials jumped more than 6% on Wednesday — the sector’s best day since November 2020 — following Trump’s win. Financials were also the top-performing sector on the day as expectations of a deregulatory push […]
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Stocks making the biggest moves midday: Super Micro Computer, Tesla, Coinbase, Planet Fitness and more
Check out the companies making headlines in midday trading. Donald Trump trades — Individual stocks viewed as trades tied to Donald Trump’s election odds surged as the Republican clinched a return to the White House. Trump Media & Technology , majority owned by Trump himself, popped nearly 5%. Tesla , whose CEO publicly backed the […]
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Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
Check out the companies making headlines before the stock market opens: Crypto stocks — Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. MicroStrategy , which trades as a high-beta play on the bitcoin price, gained 11% as bitcoin […]
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Jack Dorsey’s payments company Block expands corporate card service to the UK
Key Points Block’s business-focused payments arm, Square, told CNBC it has rolled out it’s Square Card product in Britain. It marks the first time Block has expanded its business card offering outside North America, where it first launched in 2019. The firm will come up against local banking giants like Lloyds and NatWest, as well […]
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Morgan Stanley is about to report earnings — here’s what to expect
Key Points Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. The bank’s massive wealth management business will be helped by high stock market values in the quarter, which inflates the management fees the bank collects. JPMorgan Chase, Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or […]
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CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 17, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. UnitedHealth cut the top end of its full-year earnings forecast, which is now $27.50 to $27.75 per share, compared to previous guidance […]
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