🚨JUST IN: BANK OF AMERICA REPORTS THAT MANY BANKS ARE PREPARING TO LAUNCH CRYPTO STABLECOINS ~ WATCHERGURU ...

Market Performance - The US stock market saw significant gains on July 23, with the Dow Jones Industrial Average rising by 507.85 points, or 1.14%, closing at 45010.29 points. The Nasdaq Composite increased by 127.33 points, or 0.61%, closing at 21020.02 points, marking its first close above the 21000-point threshold. The S&P 500 index rose by 49.29 points, or 0.78%, closing at 6358.91 points [1][3][4]. Trade Agreements - President Trump announced a trade agreement between the US and Japan, which has heightened market expectations for further trade agreements before the August 1 tariff deadline. The agreement includes a reduction of the reciprocal tariff rate from 25% to 15% and Japan's commitment to invest $550 billion in the US [2][6][7]. Sector Performance - In the S&P 500, nine out of eleven sectors experienced gains, with the healthcare and industrial sectors leading with increases of 2.03% and 1.75%, respectively. The utilities and consumer staples sectors saw declines of 0.79% and 0.07% [8]. - Major technology stocks mostly rose, with AMD increasing over 3%, and other companies like NVIDIA, Boeing, and TSMC rising over 2%. Financial stocks also saw gains, with Mizuho Financial up over 6% and UBS Group up over 3% [8]. Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.75%, with notable increases in stocks such as iQIYI, which rose over 4%, and Tiger Brokers, which increased over 3%. However, some stocks like NIO and Li Auto saw declines of over 1% [9].

Hey, Morgan. Bank of America announcing that it has authorized a $40 billion stock repurchase program. You can see those shares up about half a percent on this news.The company says the current program as of June 30th has about 9.1% billion uh remaining and this program, the the new one, the $40 billion repurchase program is effective August 1st and it will replace the current program. Uh so again, you can see shares up about half a percent on this $40 billion buyback announcement. ...

Bank of America announced a new $40 billion stock-buyback program, sending shares up https://t.co/D80puDTpeG ...

美国银行批准400亿美元股票回购计划。 ...

智通财经7月24日电，美国银行批准400亿美元股票回购计划。 ...

Dividend Announcement - Bank of America Corporation declared a quarterly cash dividend of $0.28 per share, an increase of $0.02 from the previous quarter, payable on September 26, 2025, to shareholders of record as of September 5, 2025 [1] - Additionally, a quarterly cash dividend of $1.75 per share was declared on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on October 24, 2025, to shareholders of record as of October 10, 2025 [5] Stock Repurchase Program - The Board authorized a new $40 billion common stock repurchase program effective August 1, 2025, replacing the current program which had approximately $9.1 billion remaining as of June 30, 2025 [2] - This new program reflects the company's commitment to return excess capital to shareholders while maintaining the ability to support economic growth and invest in future opportunities [2] Capital Distribution Considerations - Bank of America's ability to make capital distributions is contingent upon maintaining regulatory capital levels above minimum requirements [3] - The timing and amount of stock repurchases will depend on various factors including capital position, liquidity, financial performance, stock trading price, and market conditions [4] Company Overview - Bank of America is a leading financial institution serving a wide range of clients, including individual consumers, small and middle-market businesses, and large corporations [8] - The company operates approximately 3,700 retail financial centers and 15,000 ATMs in the U.S., with around 69 million consumer and small business clients [8][9]

Core Viewpoint - The People's Bank of China has released a draft regulation aimed at enhancing the management of interbank market brokerage services, addressing the need for specialized regulatory frameworks in this area [1][2] Group 1: Highlights of the Regulation - The regulation clarifies the types and service scope of brokerage institutions, reinforcing unified supervision to ensure these institutions focus on their core intermediary functions in secondary market liquidity facilitation [1][2] - It strengthens capital adequacy and liquidity requirements for brokerage institutions, mandating the establishment of effective "firewall" systems between brokerage and proprietary trading to enhance risk resilience and market fairness [1][3] - A unified trading process and operational standards are established, along with a regular information disclosure mechanism to improve transaction standardization, effectiveness, and transparency, thereby boosting overall market efficiency and investor trust [1][2] Group 2: Compliance and Operational Requirements - Brokerage institutions are restricted to serving only the interbank secondary market, covering various financial products, and are prohibited from participating in primary bond issuance and over-the-counter bond business [3][4] - Institutions must report to the central bank before entering the market, and non-specialized entities must establish independent departments to strictly separate brokerage activities from proprietary trading [3][4] - Real-time disclosure of optimal buy/sell quotes and transaction information is required, with all communications recorded and retained for at least five years [3][4] Group 3: Compliance Capability Enhancement - Banks must adhere to multiple core compliance requirements, including serving only qualified financial institution investors and signing service agreements to clarify responsibilities and trading terms [4][5] - Discriminatory pricing and misleading pricing practices are prohibited to ensure fair access to market prices for clients [4][5] - Banks are encouraged to deploy AI tools to monitor abnormal trading patterns and shift from reliance on information asymmetry to providing high-value services like liquidity analysis and compliance consulting [4][5][6]

Core Insights - The financial sector is experiencing a divergence among major banks, with rising interest rates and margin pressures affecting performance differently [1] Group 1: Goldman Sachs - Goldman Sachs has seen a significant rally, up over 60% since April, and recently reported Q2 earnings that exceeded analyst expectations with a revenue growth of 15% year-over-year [2][4] - Despite the positive earnings report, the stock's reaction was muted, with many analysts rating it as a Hold, indicating that much of the good news may already be priced in [3][4] - The stock is currently consolidating below all-time highs, suggesting limited near-term upside unless further strong performance is demonstrated [4] Group 2: Morgan Stanley - Morgan Stanley's post-earnings setup appears more favorable, with a revenue increase of nearly 12% year-over-year and a strong demand indicated by a quick recovery after a brief drop post-earnings [6][7] - The company has implemented shareholder-friendly initiatives, including a dividend increase and a larger buyback program, which have positively influenced analyst sentiment [7][8] - The stock is viewed as having significant near-term upside potential compared to its peers [8] Group 3: Bank of America - Bank of America has rallied over 40% since April but is still trading below its 2022 all-time high, indicating a lack of momentum compared to competitors [10][11] - The bank missed revenue expectations in its Q2 report, contributing to a negative sentiment among investors [10][11] - Although it has the lowest P/E ratio among the three banks at approximately 13, the current market conditions suggest that there are better investment options available in the near term [12]

High interest rates propped up Bank of America (NYSE: BAC )'s net interest income in the second fiscal quarter, allowing the Wall Street bank to report better-than-expected results on its bottom line. Bank of America also benefited fromAnalyst’s Disclosure:I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...