Goldman Sachs, JPMorgan, And Wells Fargo Lead Bank Stocks Surge As Investors Bet On Soft Landing

Large bank stocks have had a banner year amid expectations of interest rate policy and optimism for an economic "soft landing." The Invesco KBW Bank ETF (NASDAQ:KBWB) has appreciated by 31.1% in the p

Benzinga12:18 ET

Wells Fargo Adjusts Price Target on Citigroup to $85 From $80, Keeps Overweight Rating

Citigroup (C) has an average rating of outperform and price targets ranging from $55 to $86, according to analysts polled by Capital IQ. Price: 62.58, Change: +0.27, Percent Change: +0.43

MT NewswiresJun 3 06:05 ET

Citigroup: Gives AIA a buy rating with a target price of HK $100.

Citigroup has released a research report stating that it rates AIA (01299) as a 'buy' with a target price of HKD 100. The company's new business value growth in the first quarter of this year still exceeded 20%. It continues to grow actively in places like Hong Kong and Singapore, and as far as organic capital is concerned, the growth in new business investment will roughly match the growth in new business value. This will reduce the generation of net free cash flow, and the management will also prioritize share buybacks rather than growth through mergers and acquisitions, especially in the case of very low stock prices.

新浪港股Jun 3 05:36 ET

Citi Appointed as Successor Depositary Bank for Iberdrola, S.A.'s ADR Programme

Yahoo FinanceJun 3 04:00 ET

Saudi Aramco's $12 billion stock sold out in a few hours

Saudi Aramco's $12 billion stock sold out soon after Sunday's trading began, a boon for the government, which is seeking funding to help pay for large-scale economic transformation plans. According to the terms of the transaction as seen, within a few hours after the market opened, the government made requirements for all stocks. The book costs between 26.70 riyals and 29 riyals. Three people familiar with the matter said that although it is unclear how much demand comes from overseas, the orders reflect a mix of local and foreign investors. Three people familiar with the matter declined to be named because the information was not disclosed. The degree of participation of foreign investors will be affected by

環球市場播報Jun 2 17:02 ET

Where to Find 7% Yields on Preferred Stock -- Barron's

The market for preferreds now offers 7% yields on a variety of recent bank deals, a nice premium above the 4.65% rate on the Treasury 30-year bond.

Barron'sMay 31 21:30 ET