RBC managing director and co-head of global financials research, Gerard Cassidy joins us now. Gerard, always good to see you. Thank you, Melissa. Thank you for having me back.Um, which are you I mean, I know you're watching all of them, Gerard. But in terms of like the one that is sort of garnering the most investor interest, which one would it be. Because you could say, you know, City turnaround story maybe highly valued.JP Morgan fully valued, uh, Wells Fargo, is it is it really out of the penalty. I mean ...

Group 1 - The core viewpoint of the articles highlights a significant increase in Hong Kong IPO financing, which has more than doubled year-on-year, leading to a tight labor market for investment banking talent in the region [1][4] - Major international investment banks like Goldman Sachs and JPMorgan Chase are accelerating their recruitment plans in Hong Kong and other Asia-Pacific regions to meet the growing demand for IPOs and related services [2][3] - Sovereign funds and long-term international investors are showing unprecedented interest in Hong Kong IPOs, with participation levels reaching a four-year high [1][2] Group 2 - As of September 2023, Hong Kong's IPO fundraising reached HKD 182.9 billion, a 229% increase from HKD 55.6 billion in the same period last year, with over 200 companies currently in the IPO pipeline [4] - The shortage of skilled investment banking professionals in Hong Kong has led to a competitive hiring environment, with some firms experiencing a "talent grab" [4][5] - Chinese investment banks are leveraging their integrated domestic and international operations to better allocate resources and manage talent shortages, providing a competitive edge in the current market [4][5] Group 3 - In addition to investment banking, both domestic and international firms are expanding their wealth management services to capture the growing demand for cross-border asset allocation, as Chinese household savings have increased significantly [6] - Companies like CICC have expanded their wealth management teams in Hong Kong from about 30 to over 150 in seven years, indicating a strong commitment to internationalization [6] - UBS is also enhancing its wealth management capabilities, aiming to provide deep insights into investment behaviors and trends for its clients [6]

Market Overview - The Dow Jones Industrial Average increased by 588 points, closing at 46,667.65, a gain of 1.3% [1] - The NASDAQ rose by almost 500 points, or 2.21%, while the S&P 500 was up about 1.5% [2] - This marked the best day for the S&P, NASDAQ, tech stocks, and chip stocks since May, following a significant drop on the previous Friday [2] Sector Performance - Technology stocks led the market with an increase of nearly 2.5%, followed by consumer discretionary and materials [3] - Notable performers included Nvidia, which rose almost 3%, and Broadcom, which surged nearly 10% following a deal announcement [3][4] - Tesla's stock increased by 5%, and Chinese stocks like Alibaba and JD also saw gains of 5% and 3%, respectively [4] Investor Sentiment - The market's recovery was attributed to relief over tariff discussions and optimism regarding AI demand [6] - The sentiment reflects a classic investment strategy where the best days often follow the worst days, emphasizing the importance of maintaining a long-term view [8][10] Earnings Season Insights - The upcoming earnings season is expected to focus on capital expenditures related to AI and how companies are leveraging AI for operational improvements [16][18] - Financial companies are particularly well-positioned to benefit from AI due to their backend costs and proprietary data [18] Gold Market Dynamics - Gold prices have reached record highs, surpassing $4,100 per ounce, driven by central bank buying and geopolitical tensions [38][39] - Central banks, particularly in BRICS nations, are significant buyers of gold, which is seen as a safer asset amid rising tariffs and trade tensions [41][42] - Predictions suggest gold could reach $4,500 by the end of the year, with potential for $5,000 in the following year, contingent on market fundamentals [44] Investment Strategies - Investors are advised to consider multiple avenues for gold exposure, including physical gold, ETFs, and mining stocks, each with its own advantages [51][54] - The current focus on AI in the market raises concerns about over-concentration, highlighting the need for diversification into other sectors such as military spending and healthcare [24][21]

This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Welcome back! Sora has at least one big fan: Mark Cuban. He gave users on the app permission to use his likeness. He spoke to BI about why he did it, and why it's good for business. In today's big story, earnings season is upon us, with big banks up first. But can earnings reports fill the gap left from the lack of data due to the government shutdown? What's on deck Ma ...

The third quarter earnings season kicks off in earnest on Tuesday when the major Wall Street banks report their quarterly results. Coming into the quarter, analysts expect S&P 500 companies to report an 7.9% jump in earnings per share during the third quarter, according to FactSet data. If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings growth reported in Q2 of this year. Source: FactSet On Tuesday, the major financial inst ...

Financial giants have made a conspicuous bullish move on JPMorgan Chase. Our analysis of options history for JPMorgan Chase (NYSE:JPM) revealed 105 unusual trades.Delving into the details, we found 48% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $787,703, and 86 were calls, valued at $6,867,182.Predicted Price RangeAfter evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on ...

Core Insights - Quantum computing companies experienced a surge in share prices following JPMorgan Chase's announcement of a strategic investment plan aimed at industries vital for national economic security and resilience [1] Group 1 - JPMorgan Chase plans to invest in critical industries through direct equity and venture capital [1]

Some pretty big news out of JP Morgan on Monday morning about how they plan to invest $10 billion as part of this decadel long initiative into areas they feel is necessary for national security as well as American economic resiliency. So what do they mean by that exactly. Well, they kind of break it into four key categories.The first is areas around supply chain and advanced manufacturing. They're also looking at defense and aerospace. Energy independence is the third bucket there.And then strategic technol ...

Market Overview - U.S. equities experienced a significant rebound on October 13, 2025, recovering from substantial losses due to improved investor sentiment following President Trump's softened trade rhetoric towards China [1][3] - Major U.S. stock indexes, including the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, all posted robust gains in afternoon trading, with the S&P 500 up 1.6%, Nasdaq up 2.1%, and Dow up 1.3% [2] Sector Performance - The technology sector led the market recovery, with the Technology Select Sector SPDR (XLK) showing significant gains, while other sectors such as Materials (XLB), Energy (XLE), Consumer Discretionary (XLY), Communication Services (XLC), Financial (XLF), and Industrial (XLI) also registered advances [4] - The Consumer Staples Select Sector SPDR (XLP) was the only sector in negative territory, down approximately 0.22%, as investors shifted towards more cyclical sectors [5] Upcoming Market Events - The U.S. earnings season is set to begin, with major banks like JPMorgan Chase scheduled to report quarterly results, alongside other notable companies such as Johnson & Johnson and United Airlines [6] - The ongoing U.S. government shutdown is delaying the release of key economic data, including inflation figures and retail sales data, which could introduce uncertainty for the Federal Reserve's monetary policy decisions [7] Corporate Developments - Broadcom shares surged approximately 10% following a collaboration announcement with OpenAI to design custom AI accelerators, highlighting strong investor interest in the AI sector [12] - Other chipmakers, including Advanced Micro Devices and Micron Technology, also saw gains of 3.4% and 4.9% respectively, while Nvidia gained close to 3% [12] - Fastenal shares fell between 4.8% and 6.4% after reporting third-quarter profits that narrowly missed analysts' expectations [12] - HCL Technologies is set to announce its Q2 FY26 results, with investors focused on management's commentary regarding deal pipelines and demand outlook [12] - Avenue Supermarts reported a steady Q2 FY26 performance, with a nearly 4% year-on-year increase in consolidated net profit and a 15.5% rise in revenue [12] - Bharat Petroleum Corporation Limited announced a strategic partnership with Reliance BP Mobility Ltd to expand its city gas distribution and compressed natural gas network [12]

JPMorgan Chase & Co. vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals.The campaign will ramp up the amount of capital, resources and personnel that the largest US lender already dedicates to a variety of sectors, such as rare earth minerals, pharmaceutical precursors and robotics, or ventures developing defense, aerospace and energy t ...