Fidelity MSCI Financials Index

After Mastercard Abandons Investment, ZeroHash Seeks New Funding Valued Over $1.5 Billion

JPMorgan Increases Voting Rights in AUTO1 from 5.2% to 6.69%

Goldman Sachs Increases Voting Rights in Evotec to 11.18%

JPMorgan CEO Cites Cybersecurity Risks as Top Threat

JPMorgan CEO Supports Developing Active Stablecoin Ecosystem Under Fair Competition

JPMorgan's Kevin Brunner: AI Enters Execution Phase to Reshape M&A Landscape

NY Metabolic Health Clinic Nourish Raises $100M in Series C

Profund Advisors Cuts Visa Inc. Stake by 19.9% in Q4, Analysts Remain Optimistic

Radnor Capital Increases Visa Stake by 25% to $5.34M as Visa Reports Strong Q4 Earnings

Regulatory filings show Berkshire Hathaway increases stake in Sumitomo Mitsui to 10.30%

MasterCard Acquires Vocalink, Showcasing 'Hunter' Strategy and Rebel Origins

Middle East Conflict Drives Oil and Inflation Up, US Bond Yields Hit 5% in 20-Year High Triggering Global Sell-Off

NYC Mayor Mamdani Meets JPMorgan CEO Dimon

Goldman Sachs Discloses 9% Stake in Umicore and Files Transparency Notice

JPMorgan Discloses 6.15% Stake in Link Mobility Group Holding Exceeds Threshold

Berkshire Hathaway Initiates Stakes in Delta Air Lines and Macy's, Boosting Their Pre-Market Stock Prices

UnitedHealth's stock falls after Berkshire Hathaway exits its stake.

Citigroup and BlackRock Sign €15 Billion Private Credit Deal

Berkshire Hathaway Invests $55 Million in Macy's, Establishing a New Position

NextNRG

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

InMed Pharmaceuticals

Amesite

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

Meiwu Tech

CN Energy

MetaVia

Generation Income Properties

Co-Diagnostics

FNCL

JPMorgan Chase's 5.75% Dep Shares Non-Cumul Preferred Stock Series DD (JPM.PRD) yielded over 6% based on its quarterly dividend, trading as low as $23.90. It is at a 3.88% discount to its liquidation preference, compared to the 11.45% average in the Financial category. The shares are non-cumulative, meaning missed payments do not need to be repaid before common dividends. On Tuesday, JPM.PRD was down 0.3%, while common shares fell 0.8%.

nasdaq

JPMorgan Chase

Defiance Daily Target 2X Long JPM ETF

ISHRS Us Brokers & Sec Exchg

VG Financial

Financial Select Sector SPDR Fund

ETC 6 Meridian Mega Cap Equity ETF

Nasdaq

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPMorgan Chase's Preferred Stock Series DD Shares Cross 6% Yield Mark

PMBS

JMBS

Wells Fargo (WFC) faces renewed attention following a court-approved settlement requiring a $100 million mortgage assistance fund. Currently priced at $74.37, the stock has seen a year-to-date decline of 21.88%. Analysts suggest it may be undervalued, with a fair value estimate of $74.70. Factors influencing this include economic sluggishness and potential regulatory changes. Investors are advised to weigh risks and rewards before making decisions.

Simplywall

Wells Fargo

PIMCO Mortgage-Backed Securities Act ETF

Janus Henderson Mortgage Backed Securities

SPDR Portfolio Mortgage Backed Bond ETF

John Hancock Mortgage-Backed Securities ETF

VanEck Mortgage REIT Income ETF

iShares Mortgage Real Estate Capped

iShares Barclays MBS Fixed Rate Bd

Vanguard Mortgage Backed Sec

Schwab® Mortgage-Backed Securities ETF

JPMorgan Mortgage-Backed Securities ETF

MicroSectors U.S. Big Bks 3x Lvrgd ETNs

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

Assessing Wells Fargo (WFC) Valuation After Court-Approved Settlement And New Mortgage Assistance Fund

MSLC

CICC Research has raised its price target for Morgan Stanley (NYSE:MS) from $175.00 to $200.00, maintaining an 'outperform' rating. This suggests a potential upside of 4.49% from the previous close. Other analysts have also adjusted their targets, with a consensus rating of 'Moderate Buy' and an average price target of $205.95. Morgan Stanley's stock recently traded at $191.41, down 0.7%. The company reported strong quarterly earnings, exceeding estimates with $3.43 EPS.

Market Beat

Morgan Stanley

Morgan Stanley Pathway Large Cap Eq ETF

Calvert US Large-Cap Diversity Equity & Inclusion Index ETF

Parametric Hedged Equity ETF

Calvert US Mid-Cap Core Responsible Index ETF

Calvert US Select Equity ETF

Calvert Ultra-Short Investment Grade ETF

Eaton Vance Intermediate Municipal Income ETF

Calvert US Large-Cap Core Responsible Index ETF

Eaton Vance Ultra-Short Income ETF

Eaton Vance High Yield ETF

Calvert International Responsible Index ETF

Morgan Stanley Pathway Sm-Md Cp Eq ETF

Parametric Equity Plus ETF

Parametric Equity Premium Income ETF

CICC

Williams

Citigroup

Stifel Financial

T. Rowe Price

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CITIGROUP INC 6.250 NON CUM SER II PFD WI

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

Morgan Stanley (NYSE:MS) Price Target Raised to $200.00

The 30-year Treasury yield has surged to 5.18%, the highest since April 2007, driven by expectations of persistent inflation and a robust economy. Citigroup's Jim McCormick suggests yields may test 5.5%, while a Bank of America survey indicates 66% of fund managers foresee yields exceeding 6% within a year. Rising oil prices, influenced by geopolitical tensions, are contributing to this trend, although a resolution could ease inflation and lower yields.

- The 30-year Treasury yield is at 5.18%, the highest since April 2007, driven by expectations of high inflation and a robust economy.  
- Analysts predict yields may approach 6% within the next year due to rising oil prices and ongoing geopolitical tensions, as indicated by a Bank of America survey.  
- A potential resolution to the U.S.-Iran conflict could alleviate inflationary pressures, potentially stabilizing or lowering yields in the future.

Tip Ranks

Bank of America

iShares barclays 20+ Yr Treasury Bd

Barclays

Invesco QQQ Trust

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

30-Year Treasury Yield Rallies to 19-Year High. Is More Upside on the Way?

TIGR

US Tiger Securities reported a cybersecurity breach affecting 26,985 individuals, with unauthorized access to personal and financial data. A government filing indicated the incident occurred last July, but specific details on the stolen data remain undisclosed.

CoinLive

UP Fintech

Cybersecurity Breach at US Tiger Securities Exposes Thousands' Data

GS-A

GS-C

GS-D

While the world was/is focused on the 'shortage' of semis/power/crude, Goldman Sachs one-delta desk-head, Rich Privorotsky, highlights a growing problem facing many markets simultaneously - supply! Oil SensitivityYet another jawbone/TACO on oil overnight, with Iran strikes reportedly called off at the last minute following pressure from other middle east leaders.

ZeroHedge

Goldman Sachs

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

GS Hldg R

Supply, Supply, Supply; Goldman One-Delta Desk Sees Dominant Narrative Shift From AI To Rates

Financial stocks fell pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.1%. XP shares dropped over 5% after disappointing Q1 results. Lloyds Banking (LYG) plans to expand its US infrastructure financing, with shares up 0.6%. Bank of America (BAC) and Lazard (LAZ) are advising on a potential sale of Fraikin Group, valued at up to 3 billion euros, with Lazard shares rising over 1%.

- Financial stocks showed a downward trend before the market opened, with the State Street Financial Select Sector SPDR ETF (XLF) falling by 0.1%.  
- XP (XP) shares dropped over 5% after disappointing Q1 results, while Lloyds Banking (LYG) is looking to grow its US infrastructure financing, resulting in a 0.6% increase in its shares premarket.  
- Additionally, Bank of America (BAC) and Lazard (LAZ) are advising on the potential sale of Fraikin Group, which may be valued at up to 3 billion euros, with Lazard’s shares rising more than 1%.

Fidelity

Lazard

Direxion Financial Bull 3X

Direxion Financial Bear 3X

Lloyds Banking

Lloyds Banking Group plc

Sector Update: Financial Stocks Fall Pre-Bell Tuesday

Goldman Sachs executives express confidence in client activity despite global uncertainties, including the Iran conflict. They highlight a 'huge opportunity' in the Middle East, emphasizing ongoing business and recent deals with regional investment funds. The bank seeks political stability in Europe to enhance growth, particularly in the UK, where it aims to expand its retail operations.

Businesstimes News

Moelis

Goldman Sachs targets ‘huge opportunity’ despite Iran shock

Yesterday's closing, Allstate's stock price rose by 1.77%, showing a steady and solid trend, with the closing price firmly above the short-term moving average system, maintaining a good bullish arrangement. The MACD daily line issued a bullish confirmation signal again above the zero axis, indicating that after the previous consolidation, buying power is re-gathering, and the medium-term trend remains bullish. The trading volume was approximately $378 million, with the volume in a normal range, showing a steady inflow of funds without signs of excessive chasing. On the news front, the insurance sector is benefiting from the current market environment. Against the backdrop of intensified global bond market sell-offs and continuously shifting interest rate cut expectations, the investment return expectations for insurance companies have improved—higher interest rate environments help insurance funds achieve better returns on fixed income allocations. As a leader in the property and casualty insurance sector, Allstate's pricing power and underwriting profits typically perform outstandingly during hard market cycles. The Financial ETF (XLF) rose by 1.25% yesterday, with overall sector funds showing a warm trend. From a technical perspective, the stock price is running above the upward trend line, with short-term moving averages providing effective support. Although the increase of 1.77% is not aggressive, it appears particularly steady in the current volatile market environment, and this "slow bull" trend is more sustainable. In terms of volume, there have been no significant abnormal signals of large volume or contraction in recent days, with a balanced trading rhythm. The short-term trend reference is slightly bullish, with defensive attributes combined with a favorable interest rate environment, creating a resonance between technical and fundamental aspects. However, it should be noted that if the market experiences a systemic correction, even defensive stocks may be passively pressured

Technical Forecast

Allstate

ALLSTATE CORP 5.1% PREF 15/01/2053

ALLSTATE CORP DEP SHS REP 1/1000 NON CUM PER PRF SER H

ALLSTATE CORP 4.750% DEP SHS REP 1/1000TH PRP PFD SR I

ALLSTATE CORP DEP SHS REPSTG 1/1000TH NON PERP PFD SER

Pre-market trend | Allstate (ALL) on May 18 shows defensive attributes, with funds steadily flowing in?

VIRT

Virtu Financial (NYSE:VIRT) reached a new 52-week high of $56.48, closing at $55.10 with a trading volume of 1.81 million shares. Analysts have raised price targets, with JPMorgan and Goldman Sachs setting targets at $51.00. The company reported a quarterly EPS of $2.24, exceeding estimates, and a revenue of $786.53 million, up 30.7% year-over-year. A quarterly dividend of $0.24 will be paid on June 15. Insider sales were noted, with significant shares sold by COO Joseph Molluso and Brett Fairclough.

Virtu Finc

Virtu Financial (NYSE:VIRT) Reaches New 1-Year High  - Here's What Happened

Fidelity MSCI Financials Index(FNCL.US)