The AI heatwave is at least a $1 trillion feast, allowing Wall Street major banks and private capital giants to put aside their differences over a cup of wine.
At a dinner hosted by some senior bankers from morgan stanley last month, a hot topic was the wealth earned through the frenzy of artificial intelligence (AI). Many giants from the private capital circle were also present at the table. Apollo Global Management Inc., ares management corp, blackstone, HPS Investment Partners, KKR Corp, and Oaktree Capital were all invited; in the corporate finance sector that has long dominated and been profitable on Wall Street, these
Morgan Stanley: The upward trend of investment banks in the usa after the election is expected to continue.
J.P. Morgan believes that this momentum will continue in the short term, supported by a favorable stock market and crediting trade environment so far in the fourth quarter.
J.P. Morgan Sees Investment Banks' Post-election Momentum Continuing
Express News | Deutsche Bank raised disney's target price from $115 to $131.
European Investment Banks Set to Benefit From U.S. Activity, JP Morgan Says -- Market Talk
Warburg Research Maintains Deutsche Bank(DB.US) With Buy Rating, Raises Target Price to $22.43
PRESS RELEASE: Eqs-Adhoc: Deutsche Bank To Issue Additional Tier 1 Capital Instruments
Express News | Form 13f report shows that Deutsche Bank increased its shareholding in Apple, Broadcom, Meta Platforms, Tesla, and other stocks in the third quarter. They decreased their shareholding in Nvidia, Google C, Merck Pharmaceuticals, Bank of America, and other
UBS Maintains Deutsche Bank(DB.US) With Buy Rating, Cuts Target Price to $20.58
Trump's victory lowers the expectations for interest rates at the European Central Bank. Some speculate that zero interest rates may make a comeback.
Dutch banks expect significant hits to economic growth and inflation, as policymakers prepare for the final interest rate meeting of the year. Trump's election as President of the United States has led some observers to speculate on whether the European Central Bank will need to bring borrowing costs back to highly stimulating levels if his trade tariff threats become reality. Dutch bank economists adjusted their forecasts for eurozone monetary policy on Wednesday, expecting the current 3.25% key deposit rate to fall to 1% by early 2026, down from the bank's previous forecast of 1.5%. In their report, they wrote that Trump's trade policy will severely impact the economic growth of the eurozone's 20 countries.
Deutsche Bank (DB.US) CFO: Strong momentum in Q4 business growth, fixed income, underwriting, and advisory departments performing well.
Deutsche Bank Chief Financial Officer James von Moltke told investors that more than half of the fourth quarter, the company's business growth momentum is "very encouraging".
Castle Investment warns headhunters: Do not recommend fictitious positions.
Castle Investment has warned external recruiters not to recommend non-existent positions. Allegations have previously claimed that a top headhunting company misled some global banks' traders, prompting them to share confidential information. According to sources, Ken Griffin's investment firm recently emailed recruiters in the past few weeks, reminding them not to disclose confidential information about Castle Investment or request such information from its employees. Due to the sensitivity of the matter, sources requested anonymity. With around 3,000 employees, Castle Investment has instructed recruiters not to share any confidential information about other companies in the industry or distort it.
Waymo Expands Robotaxi Rides Across Los Angeles
New York foreign exchange market: the US dollar rises to its highest level since 2022, while the euro continues to fall.
As investors assess the future direction of the economy and inflation under the Trump administration, benefiting from the rise in US Treasury yields, the Bloomberg US Dollar Index has risen to its highest level in two years. The euro has fallen to its lowest level in a year. The Bloomberg US Dollar Index briefly rose by 0.6%, reaching its highest level since November 2022. "Now it seems like everyone believes in the US dollar," wrote Brad Bechtel, Global Forex Head at Jefferies in New York, stating that for the index to continue to effectively rise beyond the two-year range, it may still need further clarification of policies after Trump takes office. Traders are focusing on the US October release scheduled for Wednesday.
Sector Update: Financial Stocks Advance Premarket Monday
Sector Update: Financial
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday As Investors Await Fresh Inflation Report
Market Chatter: Deutsche Bank Fires 111 Senior Managers in Wealth Unit to Cut Costs
German Banks Exposed to Risk From Political Uncertainty -- Market Talk
Deutsche Bank Decreases Prime Lending Rate to 7.75%