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Dow Jones Top Financial Services Headlines at 4 PM ET: Bank Stocks Are Haunted by the Ghosts of 2023 | Intesa ...

Bank Stocks Are Haunted by the Ghosts of 2023 Lenders have stronger balance sheets now as they face a new rate-hiking cycle. ---- Intesa Sweetens Monte dei Paschi Bid to $35.3 Billion, But Warns on Rival Deals The bank sweetened the total offer value and warned it could pull out if Monte dei Paschi shareholders backed rival deals. ---- Trump Accounts' Extraordinary Expansion Puts Individual Stocks Into Kids' Holdings The latest shift in the program ties children's wealth building directly to the fate of particular companies. ---- BofA's Merrill Agrees to $39 Million Settlement Over Low Interest Rates on Retirement Accounts The long-running cash sweep legal case centered on how the company moved, or swept, some Merrill Edge customers' idle cash into accounts that paid interest that was below prevailing rates. ---- Warren and Hawley to Probe Insurers Over Zero-Payout Claims The senators, one a Republican and the other a Democrat, question whether companies are driving profits with 'tactics to delay payments.' ---- Financial Services Roundup: Market Talk Find insight on Allianz Global Investors, RHB Bank more in the latest Market Talks covering Financial Services. ---- Two Blue Owl Private Credit Funds See Redemption Requests Well Above 5% Investors move to pull another $4.2 billion from two funds. ---- Ant-Backed Fintech Mynt Valued at Around $7 Billion in Philippine IPO The IPO is set to become one of the Philippine Stock Exchange's largest ever listings. ---- IG Group Shares Dive 27% After Trading Platform Slashes 2026 Guidance The investment platform said in an unscheduled trading update that it expects third-quarter revenue to fall 14%. ---- UBS Shareholder Calls for Bank to Leave Switzerland U.S. investor Artisan Partners has urged the bank to part ways with its home country over new capital rules. ---- Wall Street's Trading Desks Come Down From a Record High Bankers expect third-quarter revenue to be better than normal, but not to match the big gains earlier this year ---- Amex Adds AI, Expense Tracking to Co

Major Banks Set to Report Earnings Amid Rising Yield Environment, UBS Says

02:15 PM EDT, 10/05/2026 (MT Newswires) -- Third-quarter earnings for major banks will unfold against a backdrop of rising Treasury yields, with earnings estimates of Goldman Sachs (GS) and Morgan Stanley (MS) sitting well below Wall Street's views, UBS Securities said in a note Monday. Earlier this month, the 10-year Treasury yield hit the highest level since April 2002, hitting as high as 5.24%. The 10-year yield is seen as a proxy for rates on mortgages and other loans. "A key theme we expect to hear discussed on earnings calls this quarter is, of course, the current rate environment, in which we have seen long-term treasury yields reach their highest levels in years," UBS analyst Erika Najarian said. Banks have underperformed the S&P 500 by 9.3% since the 10-year yield hit about 5%, according to the UBS note. History suggests that a climb in the 10-year rate above 5% tends to have a negative impact on market multiples. "We think investors will be sensitive to any management commentary on how longer-term rates impact business momentum," Najarian said. "In the medium term, we think any signal that long-term rates have reached their peak will be supportive of bank shares." A higher rate backdrop puts deposit costs back in focus, Najarian wrote. Last month, the Federal Reserve raised interest rates for the first time in just over three years to combat sticky inflation. The central bank's so-called "dot plot" signaled that a further rate increase could happen later this year. The US big bank earnings season kicks off next week. UBS lowered its third-quarter earnings-per-share estimates for Goldman, Morgan Stanley, Bank of America (BAC), Wells Fargo (WFC) and JPMorgan Chase (JPM). It raised the outlook for Citigroup (C). Of the six banks, Goldman, Morgan Stanley, JPMorgan and Citigroup are likely to miss estimates, with Goldman and Morgan Stanley expected to see the biggest shortfall, according to the note. Bank of America and Wells Fargo are seen topping Wall Street's EPS views. UBS slashed Goldman's third-quarter

Two-Year Treasury Yields Could Rise Further Due to Robust Economy, BofA Says -- Market Talk

0938 GMT - U.S. two-year Treasury yields are likely to rise further as evidence continues to point to a robust economy which increases prospects of further interest-rate hikes by the Federal Reserve, Bank of America strategists say in a note. "We continue to believe that U.S. rates will remain elevated or rise further until macro data softens or financial conditions tighten. We do not believe either condition has yet been sufficiently met," they say. Still, BofA has "lower conviction" on this view after Friday's weak U.S. jobs data. Two-year Treasury yields fall 1.3 basis points to 4.812%, Tradeweb data show. BofA has a short position on two-year Treasurys, targeting 5.25% with a stop at 4.45%. (jessica.fleetham@wsj.com) (END) Dow Jones Newswires October 05, 2026 05:39 ET (09:39 GMT)

The market awaits new clues on policy direction! The Federal Reserve's September meeting minutes become a key test this week. PepsiCo and Delta Air Lines financial reports are released first.

In the coming week, the Federal Reserve's policy trajectory will remain the core focus of market trading. The FOMC September meeting minutes, to be released on Wednesday, will provide investors with more clues to determine whether the Federal Reserve will continue raising interest rates in October.

Clearing House, Which Settles $2T Daily, Explains Why It Chose Quant (QNT)

Trimble enters $500 million delayed-draw term loan credit agreement with Bank of America

Bank of America reports 4.95% stake in Qiagen voting rights via shares and derivatives

JPMorgan Adjusts Price Target on Bank of America to $62 From $68, Keeps Overweight Rating

BANK OF AMERICA <BAC.N>: JP MORGAN CUTS TARGET PRICE TO $62 FROM $68

Bank of America lifts Lanxess voting rights to 8.83% from 8.81%

Sector Update: Financial Stocks Mixed Late Afternoon

High U.S. Treasury yields exert pressure, bank stock index deeply in correction zone, Citigroup drops nearly 5% intraday

During Thursday's trading, the KBW Bank Index hit a four-month low, falling 14% from its mid-August peak. Analysts noted that in September, the financial sector's performance relative to other industries was the worst for the same period since 1990. Some analysts also pointed out that concerns over the threat of AI agents, potential impacts from the US midterm elections, and rising interest rates have been overblown. The major banks' earnings season begins on October 13, with profitability becoming a key point of validation.

Sector Update: Financial Stocks Decline Thursday Afternoon

Data Brief - Major brokerage firms expect the next Federal Reserve interest rate hike to occur in December

Data Brief – HSBC lowers the average gold price forecast for 2026 to $4,490 per ounce

Sector Update: Financial Stocks Lean Lower Pre-Bell Thursday

Bank of America Merrill Managed AUM tops $10 billion in PRS program

S&amp;P 500 Looks Fine Going Into October. Is the Number Underneath a Warning?

BANK OF AMERICA <BAC.N>: TRUIST SECURITIES CUTS TARGET PRICE TO $62 FROM $65

Market Chatter: Bank of America's Merrill Unit Agrees to $39 Million Settlement Over Client Interest Rates

French budget and election risks weigh heavily, euro posts its worst monthly performance in over a year, hedge funds increase short positions accordingly

As political and fiscal risks continue to escalate in France, hedge funds are aggressively buying options to bet on a decline in the euro against the US dollar in order to profit.

Bank of America lifts Lanxess voting rights stake to 8.92% from 8.76%

Paramount (PSKY.US) $110 Billion Acquisition Financing Delayed: Bond Issuance Postponed for Three Months, May Have to Pay $500 Million More in Annual Interest

Paramount has been continuously pitching financing bonds to investors for the acquisition of Warner Bros. Discovery (WBD.US) for several months. However, as the negotiation period has been forced to extend, the financing costs have also risen.

Bank of America hosts 15th annual Technology Innovation Summit for startups, investors

Bank of America cuts HelloFresh voting rights to 4.80% from 5.43%

Bank of America posts update to financial calendar

Quant Surges Over 300% as US Banking Giant Embraces Blockchain Connectivity

High Interest Rate Clouds Hang Over European Real Estate Stocks; Strategists: Excessive Pessimism May Trigger a Dramatic Reversal

The market's pessimism toward European real estate stocks is becoming increasingly pronounced. Some strategists believe this creates conditions for a dramatic reversal in real estate stocks.

Bank of America lifts Delivery Hero voting rights stake to 5.13% from 4.89%

Lazard hires Bank of America’s Mark Hoban as managing director in Financial Sponsors group