Citigroup Inc. (NYSE:C) is one of the stocks on Jim Cramer’s game plan for this week. Cramer explained why the stock “keeps surprising the upside,” as he said: “Wednesday also brings more bank earnings. The star most likely will be the one that’s been the star for a while now, Citigroup. It’s gone from ugly duckling to beautiful swan, but the analysts haven’t caught up with the new numbers yet. So it just keeps surprising the upside. We get the upside estimate revisions, and then the stock flies.” Stoc ...

另一方面，策略师表示，一旦关税政策的走向趋于明朗，美国市场囤积的金属库存或将重新流向全球市 场，这将缓解其他地区的实物供应压力，并对金属价格形成压制。 白银价格同期涨幅更为亮眼，过去一个月上涨36%，过去三个月涨幅高达60%。此外，涨势还蔓延至工 业金属领域，铜与铝的价格同样录得强劲上涨。 "我们长期以来的核心观点——白银跑赢黄金、贵金属牛市行情向工业金属扩散、工业金属同期占据市 场主导地位——正逐步得到验证。"策略师团队在报告中写道。 该团队还指出，实物市场的紧缺状态持续难缓，白银与铂族金属的情况尤为突出。他们特别提到，美国 《1962年贸易扩展法》第232条款下，关键矿产关税相关决议的推迟与不确定性，将"对相关金属的贸易 流向与价格构成重大的双向风险"。 花旗警告称，若最终高关税情景落地，随着相关金属向美国市场集中运输，短期内全球市场的短缺状况 可能会进一步加剧，甚至可能引发金属价格的极端暴涨。 花旗集团上调了黄金与白银的短期价格预期，该行预计，贵金属牛市行情将持续至2026年年初。 以肯尼・胡（Kenny Hu）为首的策略师团队，将黄金未来3个月的目标价上调至每盎司5000美元，白银 目标价上调至每盎司 ...

格隆汇1月13日｜据外媒，美国12月CPI报告可能是今天日程上的重头戏，但对于股票来说，本周公布 的关键财报也不容忽视。大型银行将率先披露财报，今日摩根大通、纽约梅隆银行将交出成绩单，届时 摩根大通CEO戴蒙将发表他对市场和美国经济的看法。明日美国银行、花旗集团和富国银行也将陆续公 布财报，摩根士丹利、高盛和贝莱德则将在周四登场。除了大型银行外，达美航空今日也将公布财报。 此外，周四台积电将披露第四季度财报，作为芯片行业表现的风向标，在近期AI估值风险叙事盛行的 背景下，台积电的财报无疑是本周最受市场关注的。 ...

据智通财经1月13日报道，花旗预测三个月内金价将达到每盎司5000美元，银价达到100美元。若1月12 日收盘价计算，黄金仍有近9%的涨幅，白银仍有约17%的涨幅。 （文章来源：21世纪经济报道） ...

1月13日，据花旗集团最新发布的报告，鉴于地缘政治风险加剧、实物短缺以及市场对美联储独立性再 次出现不确定性，该行大幅上调了对贵金属的短期展望。包括Max Layton在内的分析师团队在电邮报告 中表示，在牛市情景下，将未来0-3个月的黄金目标价从每盎司4200美元上调至5000美元，白银目标价 则从每盎司62美元大幅上调至100美元。 花旗指出，"投资势头依然强劲，众多利好因素现可能继续保 持"在第一季度。分析师特别提到，由于美国232条款关税决定可能延迟，白银和铂族金属的持续实物短 缺问题在短期内可能会略有恶化，这将进一步推高价格。 另外，高盛推迟了对美联储降息预测的时间，目前预计2026年6月和9月将分别降息25个基点，而不是之 前预期的2026年3月和6月。这一调整是在非农就业数据疲软后作出的，反映了劳动力市场逐渐减弱的迹 象，同时GDP增长强于预期，关税影响逐渐消退。高盛首席美国经济学家大卫·梅里克表示："在最新的 就业报告之后，我们认为美联储会等到年中降息，届时通胀将向目标回落，劳动力市场也将找到立足 点。" 高盛预计，到2026年底，联邦基金利率将达到3-3.25%，并已将其对12个月内经济衰退 ...

Tyler Radke补充道："这一预测是基于我们对于不断加速的国防超级周期，以及可能出现的顺风因素 ——包括应对2025年政府停摆的滞后效应和国际(美国盟友)现代化进程——的看法。我们将密切关注'金 穹计划'和其他主要国防计划的公告，这些可能成为贯穿全年的潜在催化剂(尽管这些可能对2027年的数 据产生更大影响)。" 花旗此次上调对Palantir评级是基于这样一种观点：2026年很可能将是另一个重大正面预测修正的年 份。近期与企业首席信息官们及行业的沟通表明，企业的人工智能预算和使用案例正在加速增长。该行 还看到Palantir的政府业务面临重大顺风，这主要是由国防预算加速增长和现代化紧迫性所驱动的。 Tyler Radke表示，预计Palantir 2026财年政府业务增长率将达到51%，同比增长约800个基点，超过市场 普遍预期，甚至有可能达到70%或更高。 智通财经APP获悉，花旗集团将其对Palantir(PLTR.US)的评级由"中性"上调至"买入/高风险"，目标价上 调至235美元，称该公司今年将迎来商业和政府业务的"超级周期"。 花旗集团分析师Tyler Radke指出，过去几年，Palan ...

汇丰银行补充指出，尽管该行预计本季度会出现盈利惊喜，但对于"科技七巨头"、金融和医疗保健等行 业而言，市场设置的预期门槛更高。该机构认为，人工智能资本支出和增长势头、2026年业绩展望以及 利润率指引将成为本财报季的关键观察点。 新一轮美股财报季将于本周正式启动，高盛、摩根大通、摩根士丹利等华尔街主要金融机构将率先公布 2025年第四季度财务业绩。 由摩根大通于周二率先发布业绩，随后花旗集团、美国银行及高盛等机构将陆续公布财报。对银行业的 关注焦点之一是，在美联储近期转向相对宽松的货币政策的背景下，其盈利能否在利差收窄与并购交易 和贷款需求回升之间取得平衡。根据穆迪的预期，总部位于美国的全球性银行第四季度业绩将比去年同 期更加强劲。该机构估计，当季债务承销和股票交易收入将稳步增长，股票承销和咨询收入可能略有下 降，而固定收益、货币和大宗商品交易收入将保持稳定。高盛一份报告称，当前市场的共识预期可能大 幅低估了大型银行在净利息收入以及投行、财富管理与股票权益资产交易业务方面的增长韧性。 在金融板块之后，科技巨头将陆续公布财报。接下来一周，奈飞、英特尔等公司将发布业绩；随后，苹 果、微软和特斯拉预计在1月最后一周 ...

Core Viewpoint - Citigroup has aggressively raised its short-term outlook for precious metals, predicting gold prices could reach $5,000 per ounce and silver $100 per ounce within the next three months due to escalating geopolitical risks, physical shortages, and uncertainties surrounding Federal Reserve policies [1][2]. Group 1: Short-term Price Predictions - Citigroup's analysts have increased the gold price target from $4,200 to $5,000 per ounce and silver from $62 to $100 per ounce in a bullish scenario [2]. - The report highlights strong investment momentum and suggests that favorable factors may continue into the first quarter [2]. - The ongoing physical shortages, particularly for silver and platinum group metals, may worsen in the short term due to uncertainties surrounding U.S. tariffs [2][3]. Group 2: Geopolitical Risks and Supply Constraints - The core logic behind Citigroup's price increase is the resonance between supply constraints and safe-haven demand, with analysts noting that physical shortages are unlikely to ease soon [3]. - The bank's baseline scenario assumes that if geopolitical risks in Venezuela, Iran, and Ukraine ease later this year, it could pressure hedging demand, particularly for gold [3]. Group 3: Long-term Market Consensus - Major investment banks, including Morgan Stanley and JPMorgan, have formed a broad consensus on the long-term bullish sentiment for gold, with Morgan Stanley raising its Q4 2026 gold price target to $4,800 [4]. - JPMorgan's forecast is even more optimistic, predicting gold prices could reach $5,000 by Q4 2026 and potentially $6,000 in the long term [6]. Group 4: Factors Supporting Gold Prices - ING analysts emphasize that central bank gold purchases and expectations of further rate cuts by the Federal Reserve provide a solid foundation for rising gold prices [7]. - A weak U.S. dollar, which has declined approximately 9% in 2025, is identified as a key macro factor supporting gold price increases [7]. Group 5: Silver and Base Metals Performance - Silver has shown remarkable performance, with a 147% increase in 2025, marking its strongest annual gain on record [8]. - The outlook for silver remains constructive for 2026, supported by industrial demand from solar panels and battery technologies, along with continued investment inflows [9]. - Morgan Stanley is optimistic about aluminum and copper, which face supply constraints amid rising demand [10].

与此同时，发卡银行可能采取多重策略抵消利率上限带来的压力，包括提高卡费、削减消费奖励、压缩 运营开支、收紧授信额度等措施，尤其是在该政策被永久化的情况下，这些应对手段将更趋显著。 但这一上限能否落地存在巨大疑问，此前多次尝试均以失败告终。摩根士丹利分析师杰弗里·阿德尔森 在致客户的报告中指出，自 1978 年最高法院否决各州自行设定信用卡利率上限以来，联邦层面已多次 试图立法封顶。 Evercore ISI 分析师约翰·潘卡里和格伦·肖尔等在报告中写道："对发卡机构而言，总收入冲击在抵消前 将显著为负;然而，执行此类上限可能颇具挑战，且过去曾失败。" 上周末，银行政策研究所、美国银行家协会、消费银行家协会、金融服务论坛及独立社区银行家协会发 表联合声明称，该行政命令将减少信贷供给，并迫使消费者转向监管更少、成本更高的选择。 智通财经获悉，华尔街分析师周一指出，美国总统唐纳德·特朗普将信用卡利率上限设定为10%的政 策，不仅可能对银行业形成显著冲击，其影响还将延伸至航空、零售等消费相关行业，并可能迫使消费 者转向收费远高于信用卡的其他借贷渠道——例如新银行、发薪日贷款等高成本融资工具，形成市场生 态的连锁反应。 ...

Core Viewpoint - The proposed 10% cap on credit card interest rates by President Trump could significantly impact the banking sector and extend to consumer-related industries such as airlines and retail, potentially forcing consumers to seek higher-cost borrowing alternatives [1][2] Group 1: Impact on Credit Card Issuers - Credit card issuers may respond to the interest rate cap by increasing fees, reducing consumer rewards, cutting operational costs, and tightening credit limits, especially if the cap becomes permanent [1][2] - Analysts from Morgan Stanley predict that under the temporary cap, the book value of companies like Bread Financial, Synchrony Financial, and American Express could decline by 20% to 40% [3] - The impact on earnings per share for major credit card companies could be severe, with estimates suggesting a reduction of 80% for American Express and 60% for Citigroup [3] Group 2: Broader Economic Implications - The credit card industry is crucial to the U.S. economy, which is approximately 70% driven by consumer spending, with credit card spending accounting for just over 20% [2] - A tightening of credit by issuers could lead consumers to turn to less regulated and more expensive lending options, such as payday loans [1][2] - The potential for reduced credit availability could have a cascading effect on industries reliant on credit card revenue, particularly airlines and retail [2] Group 3: Market Reactions - Stock prices of companies with a higher proportion of low-credit borrowers have already begun to reflect the risks, with significant declines observed in shares of Bread Financial, Synchrony Financial, and others [4] - Major banks like Citigroup and JPMorgan also experienced stock price drops, indicating market concerns over the proposed policy's implications [4] - Analysts note that while the event's impact is broad, the likelihood of the cap being implemented remains low, but uncertainty in the industry has increased significantly [4]