It might seem like ages ago that One Big Beautiful Bill Act was signed into law by President Donald Trump on July 4, but most of the bill will kick into effect starting in January, and there are considerable implications for markets. The tax and spending legislation should give a boost to what Manish Kabra, the chief US equity strategist at Société Générale, calls the "other half" of the S&P 500 index, or more traditionally cyclical sectors outside the tech and AI space.Ahead of the new year, Kabra compil ...

Providence, Rhode Island-based Citizens Financial Group, Inc. (CFG) provides retail and commercial banking products and services. Valued at $25.2 billion by market cap, CFG offers consumer and commercial loans, mortgage finance, deposit products, retail and commercial banking, asset management, and trust services. The bank holding company is expected to announce its fiscal fourth-quarter earnings for 2025 in the near future. Ahead of the event, analysts expect CFG to report a profit of $1.12 per share on ...

Coinbase has become the latest financial platform to enter the prediction market game.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The cryptocurrency exchange announced Wednesday (Dec. 17) that it would begin to ...

Investment Rating - The report indicates a positive outlook for the financial services industry, particularly for regional banks and consumer credit companies, with expectations of loan growth and improved profitability in 2026 [1][4][5]. Core Insights - The banking sector is expected to outperform expectations, with stable credit quality for consumers and businesses, and a continued positive trend in commercial loan growth [1][2]. - Capital markets are optimistic about a resurgence in mergers and acquisitions (M&A) and equity financing, especially in the financial sponsorship sector [1][3][7]. - Consumer credit companies are showing strong performance, with positive spending trends and expectations for continued loan growth into 2026 [5][6]. Summary by Sections Banking Sector - Regional banks are projected to have a strong performance in 2026, with significant increases in corporate and industrial loan pipelines, some banks expecting loan growth of 9%-11% [1][4]. - Many banks are progressing towards mid-term net interest margin targets through asset repricing and funding adjustments, enhancing profitability [4]. - Credit indicators are stable or improving, with several banks announcing new capital repurchase plans, indicating a favorable year for capital returns in 2026 [4]. Consumer Credit Companies - Companies like American Express and Synchrony are reporting better-than-expected consumer spending updates, with a positive outlook for loan growth in 2026 [5]. - Overall loss rates remain above average, but delinquency and charge-off rates have significantly decreased year-over-year [6]. Capital Markets - There is a strong and improving M&A environment, with strategic and large transactions remaining robust, driven by a favorable regulatory environment and strong corporate balance sheets [3][7]. - The IPO market is showing positive trends, with expectations for continued improvement as market conditions stabilize [8]. Asset Management - The asset management industry is expected to see a divergence in management fee income growth, with some firms like Ares and TPG projected to grow faster than others [12]. - Fixed income market sentiment is optimistic, benefiting from lower interest rates and tight credit spreads [12]. Insurance Industry - The insurance sector is generally in good shape but facing a broad slowdown, with investment returns expected to remain in the mid-to-high single digits [13]. - Pricing confidence has decreased, particularly in property insurance, while accident insurance categories are expected to maintain current price increases [13][14]. Innovations in Financial Services - The Genius Act for stablecoin legislation is expected to enhance market structure and efficiency in the cryptocurrency space, with optimism around tokenization of physical assets [15]. - AI adoption across major banks is anticipated to significantly improve productivity and operational efficiency over the next several years [15].

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) has been named Bank of the Year 2025 for the U.S. by The Banker, an outlet of The Financial Times. This is the second time Citizens has received this award as part of the publication's annual global banking awards, having previously been honored in 2022. The Banker cited Citizens' focus on strong customer relationships and steady, sustainable growth potential as setting it apart from its competitors. This includes the. ...

Headquartered in Providence, Rhode Island, Citizens Financial Group, Inc. (CFG) is a full-service bank serving individuals, small businesses, middle-market firms, and large corporations with a wide range of retail and commercial banking products and services. With a market capitalization of approximately $25.1 billion, the company is firmly classified as a “large-cap” stock, well above the $10 billion threshold. Its Consumer Banking segment provides a seamless digital and in-branch experience through mob ...

12月16日，据River统计，美国25家最大的银行中，有14家正在为其客户开发比特币产品。 | Rank | Bank | Custody | Trading | | --- | --- | --- | --- | | 1 | JP Morgan Chase | Not yet | Announced | | 2 | Bank of America | Not yet | Not yet | | 3 | Citigroup | Exploring | HNW Clients Only | | 4 | Wells Fargo | Not yet | HNW Clients Only | | 5 | Goldman Sachs | Not yet | HNW Clients Only | | 6 | Morgan Stanley | Not yet | HNW Clients Only | | 7 | US Bank | HNW Clients Only | Not yet | | 8 | PNC Group | Launched | Launched | | 9 | Truist Financial | No ...

什么是"预测市场公司"?为何如此火爆 "预测市场公司"的定义是什么?它们本质上是把现实世界事件做成可交易的二元合约的交易平台：合约 通常以"是/否"结算(例如某事件是否发生)，价格可被解读为市场对概率的定价;在美国语境里，这类合 约往往被包装为受监管的衍生品"事件合约"。 毋庸置疑的是，Robinhood等拥有庞大投资者群体的重要渠道引入相关合约交易、以及ICE、CME等传 统巨头以投资或新平台形式入场，显著抬升整个预测行业的可信度与用户触达。 预测市场以"事件合约"形式切入体育，在部分州即使没有合法体育博彩也能吸引交易量，因此成为 Kalshi等平台迄今的重要增量来源，同时也引发州层面的合规争议与关注度。更加重磅的是，一些华尔 街投资机构与专业交易资金开始把它用于押注/对冲宏观与公司事件概率(如美联储货币政策、大型并购 的成败)，因为合约结构二元、表达更"纯粹"。 来自华尔街知名金融机构Citizens Financial Group Inc.的分析师团队在一份研报中表示，类似Polymarket 这样的预测市场公司们(Prediction markets companies)到2030年这些公司整体营收可 ...

Federal Reserve Interest Rate Cut - The Federal Reserve announced its third interest rate cut of 25 basis points, lowering the Fed funds rates to the 3.5%-3.75% range amid persistent inflation and a softening job market [1] - The Fed signaled one additional cut in 2026, projecting rates to be close to 3.4% by the end of that year, and a terminal rate of 3.1% in 2027 [4] Impact on Financial Services Sector - Rate-sensitive sectors, including Financial Services, were top performers in the S&P 500 Index following the rate cut [2] - Major banks saw notable stock price increases, with the KBW Nasdaq Regional Banking Index and the S&P Banks Select Industry Index both rising by 3.3% [3] Bank Performance and Projections - Citigroup's net interest income (NII) is projected to rise 5.5% year over year in 2025, with total revenues expected to exceed $84 billion [12][13] - Bank of America anticipates NII to be $15.6-$15.7 billion in Q4 2025, up 8% year over year, with a CAGR of 9.3% over the last three years [15][17] - KeyCorp expects adjusted total revenues to increase by 15% in 2025, supported by decent loan demand and fee income [19][20] - Wells Fargo aims to stabilize funding costs and grow both consumer and corporate loan assets, with NII expected to remain stable year over year [21][22] - Citizens Financial anticipates NII growth of 3-5% and non-interest income growth of 8-10% in 2025, driven by loan growth and fee income [23][24]

Core Viewpoint - Galaxy Digital's stock has surged nearly 13% following a positive analyst note from Citizens JMP, indicating strong market interest and potential growth in the company's diversified financial services, particularly in digital assets and high-performance computing [1][6]. Company Overview - Galaxy Digital is positioned as a diversified financial services company that bridges traditional finance with digital assets, focusing on areas such as asset management, staking, custody services, and tokenization technologies [3][4]. - The company is also venturing into high-performance computing (HPC), which is becoming increasingly relevant in the crypto sector, as many traditional crypto companies are hybridizing their operations [4][5]. Analyst Coverage and Price Target - Citizens JMP initiated coverage on Galaxy Digital with an "outperform" rating and set a price target of $60, which is significantly higher than the previous consensus high of $58 and the low of $26 set by Goldman Sachs [6][7]. - Goldman Sachs maintains a neutral rating with a price target of $26, indicating a divergence in analyst opinions regarding Galaxy Digital's strategy and market potential [7]. Revenue Drivers - Galaxy Digital reported $24 billion in digital asset trading flows, with operating revenues around $400 million and a net profit of $119 million, primarily from custody services and trading [10][11]. - The company's revenue generation is closely tied to the performance of Bitcoin and the evolving high-performance computing market, which presents both opportunities and challenges [8][12]. Market Context - The stock's performance is influenced by the overall crypto market, with Bitcoin prices down approximately 30% from their highs this year, creating volatility in revenue expectations [11][12]. - Analysts are observing the company's ability to capture market share in the high-performance computing space, which may be critical for its growth trajectory [12].