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Overwhelming consensus! Wall Street "targets" Banks stocks as the top choice for 2025.
Buying bank stocks has become the overwhelming consensus among strategists at major Wall Street firms regarding their outlook for 2025.
U.S. Treasury Secretary Yellen warns: do not interfere with Bank regulation! Trump also has the latest developments.
On Friday local time, USA Treasury Secretary Yellen warned the incoming Trump administration not to interfere with Banks regulation. She stated that, given the history of bank failures leading to financial crises, aggressive measures to disrupt necessary regulation should not be taken.
Express News | Goldman Sachs expects Forex volatility to rise significantly.
RBC Capital has raised the Target Price for multiple US bank stocks.
Gelonghui, December 16 | RBC Capital: Raised Goldman Sachs' Target Price from $558 to $610, raised JPMorgan's Target Price from $230 to $248, and raised Wells Fargo & Co's Target Price from $61 to $72. (Gelonghui)
Express News | Goldman Sachs states that the forward price spread of oil is underestimated.
The Bank of England is expected to hold steady this week as the benchmark interest rate remains far above expectations from the beginning of the year.
At the beginning of the year, investors anticipated that the Bank of England would cut interest rates six times; however, as 2024 comes to a close, the benchmark rate is a full percentage point higher than expectations from 12 months ago. The Bank of England is expected to maintain the interest rate at 4.75% in Thursday's policy meeting and continue to adhere to the guideline of 'still appropriate to gradually relax restrictive policies.' Although Bank Governor Bailey indicated that there may be four rate cuts in 2025, the market, after failing to make aggressive bets on rate cuts, only expects three cuts next year, possibly starting in February. The decision from the Bank of England on December 19 is anticipated to stay put.