Core Insights - Klarna's app usage has increased by 53% year-over-year, reaching 9 million daily users, indicating a growing integration of its services into everyday financial management [1][2] - The company has doubled its banking customers to 15.8 million in the fourth quarter, reflecting a shift towards more comprehensive financial services beyond just payments [7] - Overall active customers across Klarna's business rose by 28% to 118 million, showcasing strong consumer demand for its offerings [8] Service Expansion - Klarna is evolving its app into a hub for managing money, having recently introduced features such as a debit card, membership tiers, cashback, mobile phone plans, and peer-to-peer payments in Europe [2][9] - The introduction of peer-to-peer payments in 13 European countries is aimed at simplifying money management for users, making transactions quicker and cheaper [9] Company Vision - Klarna's CEO, Sebastian Siemiatkowski, emphasized the company's goal of becoming a global digital bank for the next generation, as evidenced by the increasing daily usage of its app [3][8] - The company aims to save consumers time and money while providing them with greater control over their finances, aligning with its mission to be a reliable everyday money management app [7][8]

从政策工具属性来看，外汇风险准备金率是央行逆周期宏观审慎管理的重要手段，其调整始终与市场形势同频。该工具自 2015 年创设以来， 经历多次调整：2017年、2020年因市场供求平衡两度调降至0，2018年、2022年为应对市场波动重回20%。此次调降从20% 至0，是央行在市场 环境改善背景下，合理退出前期逆周期调节措施，推动外汇政策回归中性，充分发挥市场在汇率形成中的决定性作用。对于金融机构而言，无 需再缴存20% 的无息准备金，将大幅降低远期售汇业务资金成本，释放更多流动性；对于企业尤其是中小微外贸企业，金融机构可同步下调 远期购汇报价，直接降低企业汇率避险成本，提升企业运用外汇衍生工具管理风险的积极性。 此次政策调整的深层意义，在于兼顾市场发展与风险防控的双重目标。一方面，调降准备金率将进一步激活外汇市场活力，引导企业理性开展 汇率套保，减少顺周期投机行为，推动形成更健康的市场化汇率调节机制；另一方面，央行明确后续将继续引导金融机构优化汇率避险服务， 体现了 "放管结合" 的监管思路，既为市场松绑，又坚守不发生系统性风险的底线，助力保持人民币汇率在合理均衡水平上的基本稳定。 当前，我国外汇市场深度与广 ...

商 品 研 究 2026 年 02 月 27 日 铂：箱体震荡 钯：高频数据偏弱 刘雨萱 投资咨询从业资格号：Z0020476 liuyuxuan023982@gtjas.com 【基本面跟踪】 铂钯基本面数据 | | | 昨日收盘价 | | 涨幅 | | | --- | --- | --- | --- | --- | --- | | | 铂金期货2606 | 589. 50 | | 8. 18% | | | | 金交所铂金 | 591. 60 | | 1. 30% | | | | 纽约铂主连(前日) | 2285. 40 | | -0. 20% | | | | 伦敦现货铂金(前日) | 2281. 40 | | 0. 16% | | | | 纪金期货2606 | 446. 55 | | 3. 84% | | | 价格 | 人民币现货纪金 | 438. 00 | | 1. 39% | | | | 纽约肥主连(前日) | 1.817.00 | | 0. 61% | | | | 伦敦现货包金(前日) | 1.786.00 | | -0. 22% | | | | | 昨日成交 | 较前日变动 | 昨日持仓 | 较前 ...

Investors have had to grapple this month with geopolitical tensions, a pivotal U.S. Supreme Court ruling over Trump's tariffs and fickleness over the artificial intelligence trade, among other developments. But while the broader markets remained volatile, moves in the currencies for the month were driven primarily by shifting rate expectations. "The rates are reflecting the changing macro situation," said Sim ‌Moh Siong, a currency ⁠strategist at ⁠OCBC. "Last year was about which central banks will cut rat ...

建行北京市分行创新打造科技金融"星火+"党建品牌，全力赋能首都科技成果转化与产业化发展。图为 该行信贷支持的赛诺威盛科技（北京）股份有限公司员工在CT设备生产车间作业。 ...

杭州银行的董事长是宋剑斌。在行长虞利明辞职后，宋剑斌照样把业绩做得这么好。今年1月，"75 后"行长张精科正式获批任职该行行长。 运营商财经网副总经理康锐表示，杭州银行能够在核心管理层长期缺位的特殊时期，依然保持净利润双 位数增长，其内控体系与经营韧性确实经受住了考验。但是行长空缺期间，重大战略决策、业务推进是 否受到影响还值得持续关注。 净利润增长更加可观。2025年全年，该行归属于上市公司股东的净利润达190.30亿元，同比增幅高达 12.05%。 截至去年年末，杭州银行不良贷款率稳定在0.76%的行业低位，拨备覆盖率502.24%仍处较高水平， ROE达14.65%，在已披露业绩的上市银行中表现不俗。 但若与同省"老大"宁波银行横向对比，差距依然明显。数据显示，宁波银行2025年实现营收719.68亿 元，同比增长8.01%；归母净利润293.33亿元，同比增长8.13%。无论是营收规模还是利润体量，杭州银 行均仅为宁波银行的一半左右，追赶之路依然漫长。 值得一提的是，2025年杭州银行行长一职曾一度空缺九个月之久。去年4月2日，该行原行长虞利明宣布 辞职，之后传出其疑似"失联"消息，一时间引发市场关注 ...

龚正指出，要聚焦重点、精准发力，推动"十五五"上海金融工作开好局、起好步。坚持党中央对金 融工作的集中统一领导，树立和践行正确政绩观，坚持防风险、强监管、促高质量发展工作主线。着力 提升金融服务经济社会发展质效，加力支持扩大内需、科技创新和中小微企业发展，推动更多金融"活 水"流向绿色消费、智能消费、银发消费等新兴消费领域，优化科技信贷服务、创新科技保险产品，加 快建设全市统一的中小企业融资服务平台。着力提升上海国际金融中心能级，在提高国际化水平、推进 功能性平台载体建设、深化"五个中心"联动发展上力争新突破，探索构建离岸金融体系，持续增强功能 性平台载体要素资源配置和辐射能力，持续丰富金融应用场景、拓展金融服务边界、激发金融创新活 力。着力提升金融监管与风险防范化解能力，深化央地协同、部门协作，强化部门间信息互联共享，加 快建设金融风险监测预警系统，深化监管科技应用，牢牢守住不发生系统性风险的底线。同时，要高质 量完成上海国际金融中心建设"十五五"规划编制工作。 市委常委、常务副市长吴伟传达全国金融系统工作会议精神，部署2026年上海金融领域重点工作。 会议还审议了市委金融委2026年工作要点。 龚正指出， ...

Core Insights - Rocket Companies reported a revenue of $2.44 billion for the quarter ended December 2025, marking a year-over-year increase of 105.6% and exceeding the Zacks Consensus Estimate by 7.73% [1] - The earnings per share (EPS) for the same period was $0.11, compared to $0.04 a year ago, representing a surprise of 13.75% over the consensus estimate of $0.10 [1] Revenue Breakdown - Gain on sale of loans, net: $1.19 billion, exceeding the estimated $1 billion by analysts, reflecting a year-over-year increase of 67.7% [4] - Loan servicing income from servicing fees: $1.1 billion, surpassing the estimated $831.58 million, with a year-over-year increase of 184.1% [4] - Interest income, net: $29 million, slightly below the estimated $33.63 million, but showing a year-over-year increase of 30.9% [4] - Change in fair value of mortgage servicing rights (MSRs): reported at -$402 million, better than the estimated -$453.59 million, indicating a year-over-year change of -212.9% [4] - Other income: $771 million, exceeding the estimated $596.89 million, with a year-over-year increase of 163.6% [4] - Interest income: $159 million, below the estimated $239.77 million, but reflecting a year-over-year increase of 54.1% [4] - Interest expense on funding facilities: reported at -$130 million, better than the estimated -$207.17 million [4] - Loan servicing income, net: $700 million, significantly above the estimated $302.41 million, with a year-over-year decrease of 5.9% [4] - Gain on sale of loans related to the fair value of originated MSRs: $727 million, exceeding the estimated $380.93 million, with a year-over-year increase of 71.4% [4] - Gain on sale of loans excluding fair value of originated MSRs, net: $465 million, below the estimated $595.5 million, but showing a year-over-year increase of 62.3% [4] Stock Performance - Shares of Rocket Companies have returned -16.5% over the past month, contrasting with the Zacks S&P 500 composite's increase of 0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

编辑|金冥羽 董兴生 杜波 校对|许绍航 2026年春节刚过，一场围绕孩子压岁钱的金融暗战已悄然打响。 北京农商行一款名为"阳光宝贝卡"的儿童专属产品，给出了三年期1.75%的年利率。这一利率水平不仅显著高于该行同期限的普通定期存款，甚至超越了 其面向高净值客户、起存门槛达20万元的大额存单利率。 《每日经济新闻》记者注意到，这种颠覆常规定价逻辑的"利率倒挂"现象正成为多家银行争夺未成年人客群的标配策略。 业内人士指出，在行业净息差普遍承压的背景下，银行正将儿童金融服务从节日营销升级为核心战略，其本质是对客户全生命周期价值的提前投资与锁 定。 每经记者｜刘嘉魁 每经编辑｜金冥羽 董兴生 记者|刘嘉魁 利率倒挂： 儿童小额存款利率反超成人大额存单 春节压岁钱的流向，首次出现了与规模效应背道而驰的利率曲线。 《北京商报》记者调查发现，北京农商行"阳光宝贝卡"专属储蓄产品1000元起存，一年期、两年期、三年期年利率分别为1.5%、1.6%和1.75%，而该行同 期限普通定期存款挂牌利率仅为1.15%、1.2%和1.3%。更引人注目的是，该产品两年期利率甚至高于20万元起存的同期限大额存单1.5%的利率。 图片来源： ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 马年A股"开门红"如期而至，点燃了市场对春季攻势的期待。 事实上，节前就有多家机构提出"春季行情提前启动"的预判。值得注意的是，为了接住这波"春潮"，不少券商研究所春节前后开启了"连轴 转"模式。 春节期间，有券商直接打出"春节不打烊"的口号，路演日程从除夕排到了大年初七。进门APP数据显示，2月16日至23日，券商研究所合计安 排了292场电话会议，日均超32场。 假期刚过，券商春季策略会又提上日程。节后第二天，天风证券（维权）、西部证券同日拉开春季策略会序幕。近两周内，还有开源证券、东 吴证券等多家券商将陆续召开策略会。 从已披露的会议安排来看，各家策略会呈现出鲜明的差异化定位，有的聚焦科技成长与资源周期，主打"小而美"；有的除了传统的宏观经济分 析，还覆盖商业航天、脑机接口等前沿赛道，尽显"全而新"。 展望后市，在市场活跃度进一步提高的共识下，化工、TMT等多个板块的投资线索正成为券商重点挖掘的方向。 图片来源：本报记者 梁远浩 摄 "春节不打烊" "春节八天不打烊，研究相伴不停歇！"春节前夕，一则券商电话会参会邀请截图在社交媒体 ...