The Federal Reserve announced Monday that Michael Barr, the Fed's top banking regulator, will step down from his role as Vice Chair for Supervision on February 28. However, Barr will remain a Fed governor, continuing his term until 2026. Following the announcement, bank stocks broadly gained, with$Citigroup (C.US)$and$Morgan Stanley (MS.US)$rising more than 2%, and regional banks$Synovus Financial (SNV.US)$and$East West Bancorp (EWBC.US)$climbing ...
As Trump is expected to officially take office as the 47th President of the United States on January 20, 2025, and implement his policies, the banking sector, especially regional banks, may become an important investment opportunity. Trump's administration has explicitly stated its intention to relax banking regulations, particularly for smaller and mid-sized banks, which could ignite growth potential in these institutions. With a m...
As Trump is expected to officially take office as the 47th President of the United States on January 20, 2025, and implement his policies, the banking sector, especially regional banks, may become an important investment opportunity. Trump's administration has explicitly stated its intention to relax banking regulations, particularly for smaller and mid-sized banks, which could ignite growth potential in these institutions. With a m...
Key Takeaways Goldman Sachs, Morgan Stanley, Citigroup, and other top financial firms are scheduled to report earnings this week. Investors will also get financial updates from UnitedHealth Group, Johnson & Johnson, and Intuitive Surgical, while Taiwan Semiconductor Manufacturing and Netflix also will issue earnings this week. Retail sales, housing starts, building permits, and homebuilder confidence are also on tap this week. Bond markets are closed for t...
Donnell White's appointment as Huntington Bank's Chief DEI Officer exhibits the bank's dedication to cultivating a diverse, inclusive culture. His valuable expertise will aid in fostering a sense of belonging for all employees.
Pre-Market Stock Movers Gapping up $General Motors (GM.US)$+1% (Shares of General Motors rose more than 1% after the automaker raised its full-year guidance and reported second-quarter results that rose on a year-over-year basis.) $3M (MMM.US)$+2.65% (Shares of the chemical manufacturer rose about 2% in premarket trading following the company’s latest earnings report. 3M posted $7.99 billion in revenue, beating analysts’...
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