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[Earnings]Financials Dominate Upcoming Earnings Calendar, Netflix Looms
Stock Market News· 2026-01-13 14:12
Financial Reporting Schedule - Major financial institutions are set to report earnings starting with JPMorgan Chase & Co. on Tuesday morning, followed by Bank of America Corporation, Wells Fargo & Company, and Citigroup Inc. on Wednesday [1] - The reporting continues with Morgan Stanley, Goldman Sachs Group Inc., and BlackRock Inc. on Thursday, maintaining the focus on financials [1] - The following Tuesday will see a significant number of reports, with 20 companies reporting, including Netflix Inc. after market close and various financial institutions throughout the day [1]
CI Global Asset Management to Acquire Invesco's Canadian Investment Fund Assets and Form Long-Term Strategic Partnership
Prnewswire· 2026-01-13 14:00
Core Viewpoint - CI Global Asset Management (CI GAM) has announced an agreement to acquire the management agreements of Invesco's Canadian fund business, which has total assets under management of approximately C$26 billion, enhancing CI GAM's position in the Canadian asset management market [1][2]. Group 1: Transaction Details - CI GAM will manage 100 mutual funds and exchange-traded funds currently offered by Invesco Canada Ltd. [2] - Invesco and CI GAM will establish a long-term strategic partnership, allowing Invesco affiliates to provide portfolio management services to 63 funds with total assets of approximately C$13 billion [2]. - Following the transaction, CI GAM's total assets under management will rise to approximately C$170 billion [3]. Group 2: Strategic Implications - The acquisition will solidify CI GAM's ranking as one of the largest investment fund companies in Canada and is expected to drive continued growth [4]. - The partnership with Invesco will enhance CI GAM's product lineup, adding new strategies and capabilities, particularly in the ETF market [5][6]. - CI GAM aims to leverage the resources from this acquisition to improve service levels and investment solutions for advisors and clients [7]. Group 3: Timeline and Conditions - The transaction is anticipated to close in the second quarter of 2026, pending regulatory approvals and securityholder consent for the change of manager for the applicable funds [7].
Morning Minute: Fidelity Calls Bitcoin 'Maturing,' Lays Out 2026 Bull and Bear Case
Yahoo Finance· 2026-01-13 13:56
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors are green to start week; BTC at $92k Monero (XMR) jumps another 15% and hits new ATH at $680 US Senate releases draft crypto market structure bill, prohibits stablecoin interest Saylor buys $1.25B in Bitcoin, biggest weekly purchase since July Fogo and Footbal ...
Bitcoin's Four-Year Cycle Broken: VanEck
Yahoo Finance· 2026-01-13 13:42
VanEck’s crypto thesis remains divided in the near term for Bitcoin and the broader crypto market, while issuing a clear risk-on signal for traditional assets such as AI stocks and gold. In a Tuesday investment note, the U.S. asset manager highlighted that Bitcoin’s extended bull run has broken its traditional four-year cycle, complicating short-term signals and supporting a “more cautious near-term outlook over the next three to six months” for the crypto sector. Bitcoin is trading near $92,000, up 1.8 ...
Trump Media and Partners Announce Launch of Separately Managed Accounts
Globenewswire· 2026-01-13 13:30
Core Viewpoint - Trump Media and Technology Group Corp. has launched four new Truth Social-branded Separately Managed Account (SMA) investment strategies that align with American values and priorities, marking a significant step in the company's financial services expansion [1][2]. Group 1: Investment Strategies - The new SMA strategies include: - Truth Social Made in America: Focuses on U.S. companies driving industrial growth and technological innovation [5]. - Truth Social Liberty & Security: Invests in U.S. and allied companies enhancing national security and critical technologies [5]. - Truth Social Christian Values: Allocates capital to companies that align with biblical principles and integrity [5]. - Truth Social Energy and Essential Services: Targets essential infrastructure and services that support long-term economic growth [5]. Group 2: Company Statements - Devin Nunes, CEO of Trump Media, emphasized the importance of these strategies in supporting innovative companies while aligning with core values [2]. - Troy Rillo, CEO of Yorkville America Equities, highlighted the unique offering of these strategies that combine asset management expertise with American innovation [2]. - Jon DuPrau, Managing Partner at ITG, stated that the SMAs are designed to empower investors to align their investments with their values [2]. Group 3: Operational Details - Each SMA strategy is constructed using proprietary algorithms and is rebalanced quarterly to adapt to market dynamics while maintaining thematic objectives [2]. - Trump Media has provided the seed investment for these strategies, indicating a commitment to the initiative [2].
Military Conflicts Mostly Haven't Hindered Long-Term Stock Growth
Seeking Alpha· 2026-01-13 13:05
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...
Pimco Sees US Mortgage Bond Purchases Boosting Returns
Yahoo Finance· 2026-01-13 13:01
US efforts to bring down the cost of housing through buying mortgage securities are bolstering a bullish outlook at Pacific Investment Management Co, one of the world’s largest bond managers. “We definitely think it could bring down rates and reduce the spread on mortgage-backed securities,” Chief Investment Officer Daniel Ivascyn told Bloomberg News in an interview. Most Read from Bloomberg Pimco sees the announcement as “another tailwind” for their overweight holdings in the debt, which they maintain ...
Bitcoin rose above $92,000 as BlackRock ETF moved $300 million to Coinbase Prime
Yahoo Finance· 2026-01-13 12:38
Bitcoin (BTC) rose above $92,000 in early New York hours Tuesday as wallets tied to BlackRock’s spot crypto exchange-traded funds (ETFs) routed roughly $300 million worth of bitcoin (BTC) and ether (ETH) to Coinbase Prime as part of a routine, albeit unusually high, creation and redemption flows. On-chain trackers flagged transfers of about 3,290 BTC ($298 million) and 5,692 ETH ($18 million) to Coinbase Prime, which is used by authorized participants and institutional clients to source or redeem coins ti ...
PGIM considers divesting Indian asset management unit – report
Yahoo Finance· 2026-01-13 12:00
Core Insights - PGIM, the investment management unit of Prudential Financial, is exploring the sale of its Indian asset management subsidiary, PGIM India Asset Management, nearly ten years after its acquisition from Deutsche Bank [1][2] - The decision to review the unit's future comes after a period of stagnation in business growth, with PGIM India managing assets worth approximately Rs 266 billion ($3 billion) [2] - The Indian subsidiary reported after-tax losses exceeding Rs 235 million for the year ending March 2025, and a leadership change occurred with a new CEO appointed in July 2025 [3] Company Developments - PGIM has engaged EY to provide advisory services for the potential sale of PGIM India Asset Management [1] - The Indian asset management industry has seen recent activity, including acquisitions and partnerships, indicating a competitive landscape [3][4] - BlackRock has been increasing investments in India to leverage the growing equity market participation [3] Industry Trends - Jio BlackRock Investment Advisers received registration from SEBI to operate as an investment adviser, highlighting new entrants in the market [4] - DWS Group announced plans to acquire a 40% stake in Nippon Life India AIF Management, indicating ongoing consolidation in the industry [4][5] - Mizuho Securities agreed to purchase a 60% stake in Avendus Capital, further demonstrating the trend of acquisitions within the Indian financial services sector [5]
BlackRock Inc. (NYSE:BLK) Quarterly Earnings Preview
Financial Modeling Prep· 2026-01-13 12:00
BlackRock's EPS estimate for the upcoming quarter is $12.41, with projected revenue of $6.75 billion.The company's AUM reached a record $13.46 trillion in Q3 2025, driven by net inflows, spot crypto ETFs, and strategic acquisitions.Analysts have revised the consensus EPS estimate upward by 1.6% over the past 30 days, reflecting increased optimism about BlackRock's financial performance.BlackRock Inc. (NYSE:BLK) is a global investment management corporation known for its extensive range of financial services ...