花旗集团：将白银 0-3 个月目标价从 62 美元 / 盎司大幅上调至 100 美元 / 盎司，同时看涨黄金至 5000 美元 / 盎 司。核心逻辑是地缘政治风险升级(如美伊局势紧张)、实物市场持续短缺、对美联储独立性存疑下的宽松预期 升温，且投资动能强劲，预计一季度利好持续，白银将继续跑赢黄金。当日白银盘中最高触及 92 美元 / 盎司， 创历史新高，花旗认为当前牛市短期内将延续。 瑞银集团：全球研究部贵金属策略师 Joni Teves 及分销主管 Andrew Matthews表示，白银 2026 年表现或超黄 金，核心驱动是新能源(光伏)与 AI 等领域工业用银刚需增长、供应短缺。预测上半年有望上探 100 美元 / 盎 司，下半年因美联储宽松周期接近尾声可能回落，年终目标价约 75 美元 / 盎司。同时指出白银市场规模小、库 存低，价格波动会被放大。 高盛集团：大宗商品研究全球联席主管丹・斯图伊文称，白银无央行储备需求支撑，对资金流动更敏感，预测 价格继续走高，但波动性与不确定性显著高于黄金，未给出具体目标价，强调需警惕资金流动变化引发的波动 风险。 摩根大通：相对谨慎，维持 2026 年白银平均价 ...

Financial Sector - The financial sector experienced a significant downturn following President Trump's announcement of a one-year cap of 10% on credit card interest rates, effective January 20, 2026, aimed at protecting consumers from high rates averaging around 20% [2][3] - Major financial institutions like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo saw their stock prices drop significantly, with JPMorgan's shares falling 4.2% to $310.90 despite better-than-expected earnings [3][4] - Consumer finance firms specializing in credit cards faced even steeper declines, with drops between 8% and 11% for companies like Synchrony Financial and Capital One, while Visa and Mastercard also saw declines of over 2% [4] Semiconductor Industry - A trade deal between the U.S. and Taiwan resulted in a reduction of tariffs on Taiwanese goods from 20% to 15%, in exchange for Taiwan's commitment to invest $250 billion in U.S. semiconductor and AI sectors [6][7] - Taiwan Semiconductor Manufacturing Co. reported a 35% year-over-year increase in fourth-quarter profit, leading to a 4.5% surge in its U.S.-listed shares, with trading volume increasing by 159% [7] - Despite a new 25% tariff on specific high-end AI chips, Nvidia's stock rebounded by around 3% due to positive earnings from TSMC and exemptions for companies investing in America [8][9] Healthcare Sector - President Trump introduced "The Great Healthcare Plan" aimed at lowering prescription drug prices and insurance premiums, but the lack of details and the need for Congressional approval left the market skeptical [10] - Some healthcare stocks like UnitedHealth Group and Cigna saw modest gains, but the overall market impact was minimal due to concerns over rising premium costs for millions of Americans [10] Geopolitical Developments - President Trump's announcement of a "Board of Peace" in Gaza and withdrawal from 66 global organizations had little immediate market impact, overshadowed by economic news [11] - Oil prices dropped approximately 5% following Trump's de-escalation of military threats against Iran, indicating a positive market reaction to reduced geopolitical tensions [11] Market Volatility - The week illustrated the unpredictable nature of the market under Trump's administration, characterized by sudden policy announcements and immediate market reactions, creating a challenging environment for investors [12]

【导读】美股收高，银行股、芯片股领涨；原油大跌，黄金白银跳水 美东时间2026年1月15日（周四），美股收高，在台积电财报带动下，美股芯片板块普涨。原油价格创下自2025年6月以来最大跌幅。 道指涨292.81点，涨幅为0.60%，报49442.44点；纳指涨58.27点，涨幅为0.25%，报23530.02点；标普500指数涨17.87点，涨幅为0.26%，报6944.47点。 CME"美联储观察"工具显示，美联储1月降息25个基点的概率为5%，维持利率不变的概率为95%。到3月累计降息25个基点的概率为20.8%，维持利率不变 的概率为78.4%，累计降息50个基点的概率为0.9%。 堪萨斯城联邦储备银行行长施密德于周四表示反对降息。他称通胀"过热"，并警告特朗普政府的政策可能进一步推动经济增长势头。 芝加哥联邦储备银行总裁古尔斯比表示，在有充分证据表明就业市场稳定的情况下，美联储应将重点放在降低通胀上。 美国上周初请失业金人数为19.8万人，预期为21.5万人，前值自20.8万人修正至20.7万人。 芯片股多数上涨 美国白宫发布声明，美国从1月15日起对部分进口半导体、半导体制造设备和衍生品加征25%进 ...

美股金融股大涨 美东时间1月15日，美股三大指数集体走强，截至收盘，道指涨0.60%，纳指涨0.25%，标普500指数涨 0.26%。 受业绩利好刺激，美股金融股全线大涨，摩根士丹利大涨近6%，创出历史新高；高盛、花旗大涨超 4%，摩根大通、美国银行小幅收涨。此外，全球最大资产管理公司贝莱德大涨5.9%，其第四季度资产 管理规模攀升至创纪录的14.04万亿美元。 消息面上，周四美股盘前，摩根士丹利公布的2025年第四季度业绩报告显示，去年第四季度，营收录得 178.9亿美元，同比上升10.3%，高于市场预期的177.7亿美元；每股收益2.68美元，亦强于预期的2.44美 元。其中，备受关注的"财富管理"部门净新增资产达到1223亿美元，大幅超出市场预期。 高盛最新披露的财报显示，公司去年第四季度实现营收134.5亿美元，同比下降3%，略低于市场预期； 但Non-GAAP每股收益达14.01美元，远超市场预期2.25美元。该季度股票交易收入远超市场预期，达到 创纪录的43.1亿美元，刷新了由其自身在2025年第二季度创下的华尔街历史最高纪录。 Longbow首席执行官Jake Dollarhide评论称，"投资 ...

Core Viewpoint - Bank of America (BAC) is positioned for growth with a positive outlook supported by strong fourth-quarter results and a favorable price target from Truist Financial, indicating a potential price increase. Financial Performance - Bank of America reported strong fourth-quarter results for 2025, exceeding expectations in both revenue and earnings per share, particularly in consumer banking and wealth management divisions [2][5] - The bank's credit quality remains resilient, with provisions for credit losses significantly lower than anticipated, indicating a positive sign for investors [3] Growth Projections - Management forecasts a 6% growth in net interest income for 2026, driven by the repricing of fixed-rate assets and steady loan growth, aligning with the optimistic price target set by Truist Financial [3][5] Stock Performance - Currently, BAC's stock price is $52.48, reflecting a decrease of 3.78% or $2.06, with fluctuations between a low of $51.66 and a high of $53.48 on the day [4] - Over the past year, BAC has reached a high of $57.55 and a low of $33.07, with a market capitalization of approximately $383.24 billion [4]

Revenues were up across the board of the leading financial firms, with trading, banking and lending all busy. ...

United Wholesale Mortgage retained the top spot in mortgage origination volume in 2024, maintaining the lead it claimed over Rocket Mortgage the previous year, according to Home Mortgage Disclosure Act data. Data on 2025 home buying will be released in spring 2026. While thousands of lenders originated mortgages in 2024, most of the activity is concentrated at the top: The 10 largest mortgage lenders accounted for more than 21% of all U.S. home loans originated and nearly 26% of the dollar volume of loans ...

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Core Insights - Pearl Gray operates as a proprietary investment fund and independent market research firm, focusing primarily on Fixed-Income and Capital Flows [1] - The firm also provides analysis on equity REITs, Investment Fund Appraisal, and Bank Risk Analysis, catering to a diverse range of investment interests [1] Investment Focus - The primary focus areas include Fixed-Income and Capital Flows, indicating a strategic emphasis on these financial instruments [1] - The analysis extends to various asset classes, including equity REITs and preferred shares, showcasing a comprehensive approach to investment research [1] Research Approach - The content produced by Pearl Gray is characterized as Independent Analysis, which does not constitute financial advice, encouraging readers to engage in discussions rather than relying solely on the published material [1][3] - The firm emphasizes the importance of consulting registered financial advisors before making investment decisions, highlighting a commitment to responsible investment practices [3]

Representing the largest U.S. financial centers and regional banks, Invesco KBW Bank ETF performed exceptionally well over the last year, delivering a 27.4% return to shareholders. The top five banks have the largest weight in the portfolio – Goldman Sachs Group, Wells Fargo & Co, Morgan Stanley, JPMorgan Chase & Co, and Bank of America. Bank of America, Wells Fargo and JPMorgan Chase already delivered their results earlier this week. Let's examine which bank has the lead. More importantly, which bank has t ...