Core Viewpoint - Citigroup Chair and CEO Jane Fraser does not anticipate Congressional support for President Trump's proposed 10% cap on credit card interest rates, arguing it would negatively impact credit access and the economy [1][3]. Group 1: Impact of Proposed Interest Rate Cap - Fraser emphasized that a cap on credit card interest rates would restrict access to credit, potentially benefiting only the wealthy while denying credit to those in need [3]. - The macroeconomic effects of such a cap would be concerning, as it could lead to reduced consumer spending, adversely affecting sectors reliant on credit card transactions, including airlines, retailers, hotels, and restaurants [4]. - Fraser advocates for extending access to credit rather than restricting it, highlighting the importance of credit in consumer spending and economic health [4]. Group 2: Industry Response - Trump has expressed a commitment to addressing high credit card interest rates, stating that the public should not be "ripped off" by companies charging excessive rates [5]. - JPMorgan Chase's CFO Jeremy Barnum indicated that the banking industry might oppose the proposed credit card price caps, suggesting that any unsupported directives could lead to significant changes in business practices [6].

Core Viewpoint - Citigroup's global banking head, Vis Raghavan, believes that investors will overcome the initial "shock and fear" caused by President Trump's new tariff threats against Europe [1] Group 1 - Raghavan expressed hope that rationality will prevail, leading to some form of compromise, and that adjustments will be necessary for a positive outcome [1] - He noted that history shows that a resolution is likely, referencing last April's tariff measures that were later modified and are now "largely priced in" by the market [1]

Core Viewpoint - Citigroup CEO Jane Fraser does not anticipate that Congress will approve the proposed caps on credit card interest rates suggested by President Donald Trump [1] Group 1 - The statement reflects Citigroup's position on potential regulatory changes in the credit card industry [1] - The expectation of no approval for interest rate caps indicates a stable outlook for credit card interest rates in the near term [1]

Group 1 - The core viewpoint is that investors are expected to overcome the initial shock and fear caused by President Trump's new tariff threats against Europe, with hopes for a compromise and positive resolution in the future [1][3] - Vis Raghavan mentioned that historical precedents suggest that the market will eventually adjust and digest the tariff measures, which were modified after their initial announcement [1][3] Group 2 - Despite headwinds, the banking industry is still focused on the U.S., where capital formation is occurring, as indicated by Citigroup's report of an 84% year-over-year increase in merger and acquisition fee income [2][4] - Citigroup warns that if Trump follows through on his promise to set a credit card interest rate cap at 10%, it could lead to an economic downturn, with a deadline for compliance set for January 20 [2][4] - Raghavan emphasized ongoing communication with policymakers regarding the interest rate cap, expressing concerns that any cap would restrict lending to those who need credit the most [2][4]

Could the U.S.-EU Greenland spat put Big Tech stocks on ice. Some see a threat. - Sean Gallup/Getty Images The U.S.-Europe spat over Greenland may have not been on many investor bingo cards for this year, but here we are. Wall Street looks ready to sell stocks now and ask questions later. Treasury Secretary Scott Bessent is telling the world not to give into hysteria but cooler heads are not at the moment prevailing. Citing potential earnings fallout, Citigroup downgraded European equities — an outperfor ...

Group 1 - Citigroup has raised the target stock price for Seagate Technology from $320 to $385 [1]

Group 1 - Citigroup raised the target price for Western Digital from $200 to $280 [1]

Group 1 - Citigroup has lowered the target price for Dell Technologies from $175 to $165 [1]

格隆汇1月20日｜花旗集团将苹果公司目标股价从330美元下调至315美元。 ...

Group 1 - Citigroup predicts a bullish scenario where gold could reach $5,000 within three months, with a potential test of $4,700-$4,750 this week due to trade tensions from Trump's tariff policies and a surge in investments into gold ETFs for hedging, leading to localized shortages in physical gold [1] - JPMorgan anticipates a strong market this week with a target of $4,750, and if stabilized, a push towards $5,000 next month, driven by a 26% probability of a Fed rate cut in March, declining 10-year Treasury yields, and an average monthly gold purchase of 70 tons by emerging market central banks, providing a "safety cushion" for gold prices [1] - Goldman Sachs expects a potential pullback this week with a buying range of $4,600-$4,650, maintaining a year-end target of $4,900, while expressing concerns over profit-taking by hedge funds that may lead to increased short-term volatility despite a long-term bullish outlook [1] Group 2 - Morgan Stanley adopts a conservative stance, projecting a trading range of $4,620-$4,690 this week, emphasizing that central bank gold purchases provide strong support, and highlighting the acceleration of de-dollarization in emerging markets, suggesting that buying gold is not merely for hedging but a strategic move against dollar dominance, with this trend expected to continue at least until Q3 [1] - Current data indicates that while U.S. employment and inflation are slowing, some sectors are improving under the potential influence of Fed rate cuts, leading to a cautious but optimistic outlook for gold prices in the medium to long term, supported by increased allocations from institutional investors amid rising geopolitical risks [3] - The market is likely to be influenced more by U.S. economic data affecting Fed policy expectations and geopolitical disturbances, with a general view that short-term news impact is diminishing, maintaining a strong oscillating trend for gold prices, while suggesting holding long positions above the 20-day moving average and selling out-of-the-money put options to capture time value [3]