Key Takeaways Citigroup earnings are expected to jump 32.3% in 2026, while BAC sees a more modest 14% earnings rise.C's cost-cutting, exits from 14 markets and AI adoption are likely to save $2-$2.5B in annual expenses by 2026Over six months, C stock jumped 45.6% vs. BAC's 19.8%, showing confidence in Citigroup's transformation plan.Bank of America (BAC) and Citigroup (C) are among the largest U.S. banks, heavily exposed to interest rate cycles, loan growth and global financial markets. They provide diversi ...

Core Viewpoint - The future performance of European and American bank stocks will increasingly depend on the sustainability of earnings rather than further valuation expansion [4]. Group 1: European Bank Stocks - European bank stocks have shown significant recovery in 2025, with the STOXX Europe 600 Banks index rising approximately 65% year-to-date, making it one of the best-performing sectors in Europe [1]. - Analysts suggest that the rise in European bank stocks is more of a structural recovery rather than a typical cyclical rebound, as their valuation levels were significantly lower than their U.S. counterparts prior to this increase [2]. - The negative impact of the prolonged low-interest-rate environment on European banks' profitability has been a key factor suppressing their valuations [2]. - Major European banks have seen substantial stock price increases, with Deutsche Bank up about 97%, HSBC up approximately 48%, BNP Paribas up around 35%, and UBS up about 30% year-to-date [2]. Group 2: American Bank Stocks - American bank stocks have demonstrated more stable performance in 2025, with notable increases such as Citigroup up about 68%, Goldman Sachs up approximately 57%, and JPMorgan Chase up around 35% [5]. - The core strength of the U.S. banking system lies in its profitability and diversified business structure, which helps mitigate traditional credit cycle fluctuations [5]. - The valuation recovery for U.S. banks began earlier than for European banks, with the market already pricing in expectations of an economic soft landing and interest rate cuts [5]. Group 3: Future Outlook - For 2026, the consensus is shifting from "valuation recovery" to "earnings verification," with European banks needing to see a substantial recovery in credit demand and a reduction in geopolitical risks to maintain their strong performance [6]. - In the U.S., the focus will be on the Federal Reserve's policy path, with large banks expected to maintain capital returns if interest rate cuts are gradual and the economy achieves a soft landing [6]. - The bank stock market in 2026 is expected to be more selective, requiring investors to pay closer attention to earnings quality, risk management, and structural differences between markets [6].

Core Viewpoint - The article discusses the impact of artificial intelligence (AI) on the financial industry, highlighting that while AI has the potential to automate many jobs, the current wave of layoffs in banks is more a result of over-hiring during the pandemic and economic uncertainty rather than AI itself [1][2]. Group 1: AI and Job Market Dynamics - Jamie Dimon, CEO of JPMorgan, indicated that AI could significantly affect job categories, similar to past technological revolutions [1]. - A report from Citigroup found that 54% of financial jobs have a high potential for automation, the highest among all industries [1]. - Experts suggest that the layoffs in the banking sector are largely a distraction from other economic issues, such as weak consumer demand and past hiring mistakes [2]. Group 2: Employment Trends in Banking - Despite headlines about layoffs, the overall employment in the banking and financial sector remains stable, with some banks even increasing their workforce [4]. - For instance, Bank of America reduced its workforce by only 4 employees, while JPMorgan added 2,000 employees [4]. - Experts predict that banks will delay hiring and rely on AI to improve efficiency until they are forced to increase labor costs [4]. Group 3: MBA Graduates and Job Opportunities - Top MBA programs still show strong employment rates, with 92% of Columbia Business School graduates and 86% of NYU Stern graduates securing jobs [5]. - However, there is a noted decline in job placement rates among elite MBA programs since 2021, indicating a tightening job market [6]. Group 4: Job Security and Risks in Finance - Not all financial jobs are equally vulnerable to automation; roles requiring critical thinking and low tolerance for error, such as consulting and compliance, are less likely to be automated [7]. - Conversely, positions in accounting and marketing are expected to face significant challenges due to AI advancements [8]. - Approximately 76% of banks anticipate increasing their technology staff due to AI, while 73% of bank employees' tasks may be affected by generative AI [7].

But joining us right now is a guy who called it right last year. Jay Woods is the chief strategist at Freedom Capital Markets, also a CNBC contributor. Uh we wanted to talk to him because basically you said the market was going to be where it was right now.So I I shouldn't say how surprised were you because this was this was on your bingo card, Jay. >> Yeah, it uh played out the way we thought it would. Uh we thought the first half of the year would be a little you know problematic with the tariff implement ...

At the end of each year, the editorial staff at American Banker predicts who will have the biggest impact on the banking industry in the year ahead. For 2025, we chose 25 bankers, regulators, politicians, and execs in fintech, big tech, and payments — plus one pop superstar — and explained why we thought they would make a difference, positive or negative. Below, we examine whether we were right or wrong in each case. Processing ContentSee who we chose this year: 26 people who will change banking in 2026.  ...

Market Analysis by covering: Citigroup Inc, Abercrombie & Fitch Company, Barrick Mining Corp, Allison Transmission Holdings Inc. Read 's Market Analysis on Investing.com ...

来源：格隆汇APP 格隆汇12月23日｜花旗集团(Citigroup)调升对台湾股市的投资评级，包括高曼(David Groman)在内的花 旗策略师，将台湾的股票投资评级由"中立"上调至"加码"，理由是台湾在AI硬体生产中的关键角色—— 台湾与全球人工智能(AI)供应链的连结紧密，有更好的获利前景。 ...

智通财经APP获悉，花旗发布研报称，引述最新行业数据指，澳门12月份首21天的博彩收入可能达到约 146.5亿澳门元，意味着上个星期的日均博彩收入为约7亿澳门元，较12月8日该星期日均收入约6.5亿澳 门元高出约8%，并较去年12月日均水平约5.87亿澳门元高约19%，相信是由于该期间贵宾厅博彩量及中 场博彩收入分别录得约2%至5%及约3%至5% 的环比升幅所推动。该行目前维持对今年12月份博彩收入 达到220亿澳门元的预测不变，即同比比较增长21%，并达到2019年同期的约96%，预料本月余下时间 澳门日均博彩收入将达到约7.1亿澳门元。 ...

银行股全线上涨，摩根大通涨近2%，高盛涨0.6%，花旗涨超2%创17年多新高，摩根士丹利涨逾1%， 美国银行涨超1%，富国银行涨逾1%。 记者丨江佩佩 吴斌 见习记者张嘉钰 编辑丨谢珍 当地时间12月22日，美股高开高收，三大指数均连涨三日。标普500指数涨0.64%，纳指涨0.52%，道指 涨0.47%。 | 美股指数 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 48362.68 | 23428.83 | 6878.49 | | +227.79 +0.47% +121.21 +0.52% +43.99 +0.64% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7683.26 | 25700.25 | 6930.75 | | +43.94 +0.58% +125.50 +0.49% +43.50 +0.63% | | | 芯片股多数上涨，美光科技涨超4%，微芯科技涨逾2%，英特尔跌逾1%。 大型科技股涨跌不一，科技七巨头指数上涨0.41%。特斯拉、英伟达涨逾1%，谷歌涨近1%，亚马逊涨 0.48%，脸书涨0.41%；苹果跌 ...

Shares of City jumping nearly 3% today, hitting levels not seen in more than 17 years. Our next guest says the stock will be the top big bank performer next year. For more on the 2026 outlook for financials, KBW's head of US Bank research, Chris McGrady joins us here on set.KBW is a steifle company. Chris, great to have you with us. >> Great to see you.>> Um, so why City. What's the backdrop here. >> Well, City's in the midst of a multi-year um turnaround, right.They're simplifying the business. They're exi ...