This stock will be a big beneficiary of Trump’s deregulation, says Bank of America

Goldman Sachs should be particularly helped by President-elect Donald Trump’s preference for deregulation, Bank of America suggested. Less oversight can boost investor confidence that Goldman will provide sustainable returns on equity, analyst Ebrahim Poonawala told clients on Wednesday. In fact, he said Goldman should be one of the clearest winners from this type of policy […]

Stocks making the biggest moves premarket: UNH, MS, TGT, LUV

Check out the companies making headlines in premarket trading. UnitedHealth Group – Shares dropped more than 3% after the company’s fourth-quarter revenue came in below Wall Street’s expectations. UnitedHealth posted $100.81 billion for the top line, while analysts surveyed by LSEG were expecting $101.76 billion. Earnings, however, beat the Street’s estimates. Morgan Stanley — The […]

Freetrade acquired up by IG Group at 29% valuation discount

The Freetrade application on a smartphone and desktop PC. Freetrade LONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it’s been acquired by online investing platform IG Group. The deal values Freetrade at £160 million ($195 million) — a 29% discount to its last valuation. The startup said that […]

Morgan Stanley (MS) earnings Q4 2024

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Thursday topped estimates for fourth quarter earnings and revenue as the firm’s equities and fixed income traders exceeded expectations. Here’s what the company reported: […]

Bank of America (BAC) earnings Q4 2024

Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024.  Cyril Marcilhacy | Bloomberg | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: 77 cents a share, according to […]

China’s economy is waiting for stimulus. Here are the country’s plans

Passengers walk along the platform after disembarking from a train at Chongqing North Railway Station during the first day of the 2025 Spring Festival travel rush on Jan. 14, 2025. Cheng Xin | Getty Images News | Getty Images BEIJING — As promised government support is still to meaningfully kick in, China’s economy hasn’t yet […]

JPMorgan Chase boosting buybacks after Dimon called stock expensive

CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.  Ludovic Marin | Via Reuters JPMorgan Chase executives said the bank would increase share buybacks so that a mounting pile of […]

Citibank customers report fraud alerts and account access issues

A Citibank branch in New York, US, on Sunday, Jan. 12, 2025.  Michael Nagle | Bloomberg | Getty Images Numerous Citibank customers reported receiving fraud alerts and difficulties accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital services interruptions, hundreds of Citibank users had flagged issues related to their accounts as of midday. […]

Here’s the inflation breakdown for December 2024 — in one chart

A customer browses eggs on partially empty shelves at a grocery store in Lawndale, California, on Jan. 2, 2025.  Patrick T. Fallon | AFP | Getty Images Inflation ticked up in December on the back of higher energy and food prices, the Bureau of Labor Statistics reported Wednesday. The bureau’s consumer price index, an inflation […]

Stocks making the biggest moves midday: IONQ, WFC, BK

Check out the companies making headlines in midday trading. Quantum stocks – Quantum computing stocks gained after Microsoft unveiled its quantum-ready plan aimed at preparing businesses for the rise of quantum computers. Nvidia also announced a quantum day at its annual GTC conference. Rigetti Computing rallied more than 18%, while D-Wave Quantum surged nearly 20%. […]