SPDR Select Sector Fund - Financial (ARCA: XLF)

最新ニュース SPDR Select Sector Fund - Financial (ARCA:XLF)

SPDR Select Sector Fund - Financial

Financial Services

Industrials

Technology

The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (REITs); consumer finance; and thrifts and mortgage finance. The fund is non-diversified.

Berkshire Hathaway, Inc.

Jpmorgan Chase & Co.

Visa Inc-Class A Shares

Mastercard Inc Common Stock Usd 0.0001

Bank Of America Corp.

Wells Fargo & Co.

Goldman Sachs Group Inc.

S&P Global Inc

American Express Co.

Morgan Stanley

The Financial Select Sector SPDR Fund

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Macro Notification

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Broad U.S. Equity ETFs

Rumors

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Treasuries

Econ #s

Federal Reserve

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$BTC

AAPL

AFRM

SPDR Dow Jones Industrial Average ETF Trust

ダウ工業株30種平均は0.7％低下し、19,076.80ポイント、S&amp;P 500 は5,348.59ドル（0.2％減）となり、ナスダック総合株価指数は38,578.53ドル（0.7％減）で推移しています。

アップルが史上最高値を更新もビットコインは停滞

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43064144/wall-street-roars-ahead-of-trumps-inauguration-intel-rallies-bitcoin-tops-105000-whats-driving-markets-friday">surge in early November.</a>
Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one rate cut by year-end while the 30-year Treasury <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42990155/5-yields-fuel-demand-treasury-etfs-despite-bond-market-pain-relief-rally">yield hovered around 5%.</a>
Fresh data showed inflation rising for the third straight month up to 2.9%, yet right in line with forecasts. A softer core reading — excluding food and energy — gave traders hope that the Fed might cut rates at <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43003047/stocks-rise-on-core-inflation-slowdown-banks-rally-after-strong-q4-earnings-treasury-yields-plummet">least twice this year.</a>
Adding fuel to the bull run, major banks kicked off the fourth-quarter 2024 earnings season with blowout results.
Financial stocks — as tracked by the Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) — jumped 6% for the week, their best <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">rally since October 2023.</a> Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) led the charge among big players, surging 11% to hit record highs.
In commodities, oil briefly touched $80 per barrel before retreating after the approval of a ceasefire deal in Gaza <a href="https://www.benzinga.com/news/global/25/01/43055426/oil-dips-as-israeli-security-cabinet-approves-gaza-ceasefire-yet-experts-warn-red-sea-risks-persist">between Israel and Hamas.</a>
In cryptocurrency markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to defy gravity, surpassing $100,000, fueled by optimism over crypto-friendly policies under the incoming Donald Trump administration.
Trump will officially take office as the 47th U.S. president on Monday.
You might have missed&#8230;
<h1 class="wp-block-heading">Bessent&#8217;s Economic Vision</h1>
Scott Bessent, Trump's Treasury secretary nominee, laid out his economic agenda before the Senate, emphasizing tax cuts, deregulation, energy expansion and tougher trade policies — particularly targeting <a href="https://www.benzinga.com/government/regulations/25/01/43041207/5-things-investors-need-to-know-about-scott-bessents-economic-policies-as-he-faces-senate-grilling-for-treasury-job">China, Russia and Iran.</a>
<h1 class="wp-block-heading">Bitcoin Reserve Talks</h1>
Reports suggest Trump is open to the idea of a U.S. strategic Bitcoin reserve, a move that could reshape fiscal policy and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">spark industrywide debate.</a>
<h1 class="wp-block-heading">Detroit EV Surge</h1>
Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported a sharp rise in electric vehicle sales, with the Mustang Mach-E and Cadillac Lyriq emerging <a href="https://www.benzinga.com/trading-ideas/25/01/42978236/us-electric-vehicle-sales-hit-record-1-3-million-units-in-2024-despite-tesla-declines-top-10-bestselling-models-list">as top sellers in 2024.</a>
<h1 class="wp-block-heading">TikTok Ban Upheld</h1>
The U.S. Supreme Court upheld a law forcing ByteDance to sell the TikTok app by Jan. 19 <a href="https://www.benzinga.com/general/social-media/25/01/43060894/supreme-court-upholds-tiktok-ban-ahead-of-trumps-inauguration">over national security concerns.</a> Trump could attempt to roll back the <a href="https://www.benzinga.com/general/social-media/25/01/43018125/trump-considers-executive-order-to-save-tiktok-from-being-banned-in-4-days">ban after taking office.</a>
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<li><a href="https://www.benzinga.com/25/01/43062563/imf-lifts-us-growth-outlook-betting-markets-raise-odds-on-trump-led-economic-boom">IMF Lifts US Growth Outlook, Betting Markets Raise Odds On Trump-Led Economic Boom</a></li>
</ul>
Photo: Shutterstock

News

Politics

Trading Ideas

Wall Street Rallies As Inflation Fears Recede, Banks Smash Earnings, Bitcoin Reclaims $100,000: This Week In The Markets

Investors may be underestimating Donald Trump&#8216;s potential push for fiscal discipline, making long-term bonds and rate-sensitive sectors an attractive bet, according to Bank of America&#8217;s chief <a href="https://www.benzinga.com/topic/expert-ideas">investment strategist Michael Hartnett. </a>
In his flagship &#8216;The Flow Show&#8217; report published Friday, Hartnett shifted to a bullish stance on bonds, stressing that the yield spike seen in recent months has created an opportunity. 
&#8220;20-year corporate bonds now yielding 6.3%, pension funds would be looking to park some of those gains in bonds,&#8221; he said, recommending investors &#8220;buy long duration bonds.&#8221;
Hartnett indicated the case for duration bonds – as commonly tracked by the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) – is strengthening as U.S. government spending slows, the Federal Reserve keeps a cautious stance on inflation, and yields approach peak levels.
<h3 class="wp-block-heading">Is The Bond Bear Market Peaking?</h3>
The past two years have been brutal for fixed-income investors. 
Higher-for-longer interest rates and rising deficits crushed bond prices, and since the Federal Reserve's 100-basis-point interest rate cuts, bonds have remained the worst-performing asset class. 
Yet Hartnett sees the tide turning.
Historically, rolling 10-year returns from U.S. Treasuries have never been negative over the past 90 years. The market has reached what he calls the &#8220;peak in &#8216;anything but bonds&#8217; trade of the 2020s.&#8221;
The technical backdrop also suggests stabilization. The 30-year Treasury yield has hit a double top at 5%, a level Hartnett believes represents strong resistance.
If yields retreat toward 4%, a diversified low-risk bond portfolio—comprised of Treasuries, investment-grade debt, high-yield bonds, and emerging market credit—could generate 11%-12% annualized returns, Hartnett highlighted.
A higher-risk allocation, with greater exposure to junk bonds and preferred securities, could yield up to 15%.
<h3 class="wp-block-heading">Trump's Fiscal Shift </h3>
As Hartnett highlighted, the U.S. budget deficit has risen to $7.3 trillion, fueling a 50% surge in nominal GDP, with government spending contributing significantly to economic growth.
Yet, according to the expert with the Fed prioritizing inflation control and Trump likely pushing for spending cuts, deficits could shrink, reducing upward pressure on yields. 
&#8220;We say Trump&#8217;s need for &#8216;smaller government&#8217; = &#8216;twin peak&#8217; in 5% bond yields,&#8221; Hartnett said.
Scott Bessent, Trump's nominee for Treasury Secretary, made it clear during his Senate confirmation hearing on Thursday that tackling government spending <a href="https://www.benzinga.com/government/regulations/25/01/43041207/5-things-investors-need-to-know-about-scott-bessents-economic-policies-as-he-faces-senate-grilling-for-treasury-job">will be a top priority.</a>
&#8220;We have a spending problem,&#8221; he said, emphasizing the need for significant reductions in government outlays.
Bessent indicated runaway spending as a key reason he joined the Trump campaign, signaling his commitment to aggressive fiscal tightening. 
&#8220;One of the things that got me out from behind my desk and my quiet life in this campaign was the thought that this spending is out of control,&#8221; Bessent said.
<h3 class="wp-block-heading">The Bond Market's Attractive Risk-Reward Profile</h3>
At current levels, the bond market presents what Hartnett describes as a &#8220;very good&#8221; risk-reward profile. 
A scenario where yields drop 100 basis points (1 percentage point) could generate strong returns, while even a rise in yields may not severely dent total performance. 
With yields near 5%, the worst may be over for bonds, according to Hartnett&#8217;s calculations. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Portfolio Type</th>
<th>Current Yield (%)</th>
<th>Duration</th>
<th>Convexity</th>
<th>1-Year Return (If Yields Drop 100bps)</th>
<th>2-Year Return (If Yields Drop 100bps)</th>
<th>1-Year Return (If Yields Rise 100bps)</th>
<th>2-Year Return (If Yields Rise 100bps)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Low-risk bond portfolio</td>
<td>5.7%</td>
<td>6.5</td>
<td>1.1</td>
<td>12%</td>
<td>17%</td>
<td>-1.0%</td>
<td>5%</td>
</tr>
<tr>
<td>High-risk bond portfolio</td>
<td>7.5%</td>
<td>7.0</td>
<td>0.9</td>
<td>15%</td>
<td>22%</td>
<td>0.4%</td>
<td>8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Bank of America</figcaption></figure>
<h3 class="wp-block-heading">Which Sector ETFs Stand To Benefit?</h3>
Investors looking to position for lower yields should consider rate-sensitive exchange-traded funds. 
Hartnett's report highlights opportunities in:
<ul>
<li>SPDR S&amp;P Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>): Lower mortgage rates could revive housing demand.</li>
<li>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>): Defensive, dividend-paying stocks tend to outperform in a falling rate environment.</li>
<li>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>): Banks benefit from a steepening yield curve and deregulation.</li>
<li>SPDR S&amp;P Biotech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XBI#NYSE">XBI</a>): Growth stocks, including biotech, typically gain as borrowing costs decrease.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42990155/5-yields-fuel-demand-treasury-etfs-despite-bond-market-pain-relief-rally">5% Yields Fuel Demand For Long-Dated Treasury ETFs Despite Bond Market Pain: Is A Relief Rally On The Horizon?</a></li>
</ul>
Photo: Shutterstock

Government

Regulations

Specialty ETFs

Economics

iShares Trust Barclays 20+ Year Treasury Bond Fund

'Buy Long Duration Bonds,' Says Bank Of America Strategist: 4 ETFs To Watch As Trump's Deficit Fight Unfolds

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">232.4199</td>
<td align="right">1.920</td>
<td align="right">0.83</td>
<td>19.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">97.0600</td>
<td align="right">0.510</td>
<td align="right">0.52</td>
<td>965</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">227.0600</td>
<td align="right">1.010</td>
<td align="right">0.44</td>
<td>1.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">50.0000</td>
<td align="right">0.190</td>
<td align="right">0.38</td>
<td>34.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">93.5000</td>
<td align="right">0.260</td>
<td align="right">0.27</td>
<td>19.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">137.2550</td>
<td align="right">0.325</td>
<td align="right">0.23</td>
<td>669</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">78.66</td>
<td align="right">-0.07</td>
<td align="right">-0.09</td>
<td>6.0K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Pre-Market Outlook

Movers

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For January 17, 2025

Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) CEO Charles Scharf expressed optimism about President-elect Donald Trump&#8216;s return to The White House, citing expectations of business-friendly policies, during the bank&#8217;s <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/01/43035156/wells-fargos-q4-results-impress-analysts-weigh-in-on-growth-expense-outlook">fourth-quarter earnings call</a> on Wednesday.
What Happened: &#8220;The U.S. economy has performed very well and remains strong,&#8221; Scharf said, noting that lower inflation and unemployment position the economy favorably for 2025. 
&#8220;We succeed when the country succeeds, so the incoming administration&#8217;s support of U.S. businesses and consumers gives us optimism as we look forward,&#8221; Scharf said.
He emphasized that a more business-friendly approach to policies and regulations under the Trump administration &#8220;should benefit the economy and our clients.&#8221;
The comments came as Wells Fargo <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/01/43035156/wells-fargos-q4-results-impress-analysts-weigh-in-on-growth-expense-outlook">reported fourth-quarter earnings</a> per share of $1.43, surpassing consensus estimates of $1.36, though core earnings missed expectations when excluding one-time items. The bank notably achieved 4% sequential growth in non-interest-bearing deposits, which helped fund modest loan growth and reduce borrowings.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43048211/qorvo-soars-7-after-hours-as-activist-investor-starboard-reportedly-takes-stake-in-semiconductor-company">Qorvo Soars 7% After Hours As Activist Investor Starboard Reportedly Takes Stake In Semiconductor Company</a>
Why It Matters: Looking ahead, Wells Fargo projected net interest income growth of 1-3% for 2025, surprising analysts positively. The bank expects absolute growth in consumer deposits and anticipates loan growth to accelerate by mid-2025, assuming up to two Federal Reserve interest rate cuts.
Keefe, Bruyette &amp; Woods analyst David Konrad raised his price target from $81 to $86, noting the bank is &#8220;transitioning from cutting costs to revenue growth.&#8221; Goldman Sachs maintained its Buy rating while increasing its target to $83, focusing on the bank&#8217;s projected expense reduction to $54.2 billion for 2025.
The results contributed to a broader rally in banking stocks, with the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) gaining 2.6% on Wednesday, marking the sector&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43031980/big-banks-continue-to-beat-q4-earnings-financial-etf-takes-breather">strongest single-day performance</a> since November. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43047812/bill-ackman-calls-hindenburg-researchs-closure-a-big-loss-praises-short-sellers-contribution-to-capital-markets">Bill Ackman Says Hindenburg Research Closing &#8216;A Big Loss,&#8217; Praises Short Seller&#8217;s Contribution To Markets: &#8216;Short Selling Is Really Hard&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Trump Administration's Pro-Business Promises Boost 'Optimism' For Wells Fargo: Here's What CEO Charles Scharf Said

U.S. banks delivered another round of strong fourth-quarter earnings Thursday, with Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), and PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) all surpassing <a href="https://www.benzinga.com/earnings">Wall Street earnings estimates.</a>
The results reinforced the sector's resilience, yet financial stocks showed a mixed reaction after Wednesday's sharp rally.
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which tracks major banks, inched up 0.1% Thursday after a 2.6% gain the previous day. Meanwhile, regional banks, tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), dipped 0.7% following Wednesday's rally.
The reports followed upbeat earnings from Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), which fueled the biggest one-day surge in financial stocks since November.
Market strategist Ed Yardeni said the earnings reflected a "pickup in investment banking and markets activity as business confidence improved." He added that consumer loan growth remained slightly stronger than commercial loan growth.
<h3 class="wp-block-heading">Morgan Stanley Rides Trading Boom To Blowout Quarter</h3>
Morgan Stanley posted earnings per share of $2.22, crushing the $1.70 forecast. Revenue climbed to $16.22 billion, exceeding expectations by nearly 8%, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">Benzinga Pro</a> data. 
Its trading business drove the beat. Equities sales and trading revenue soared to $3.33 billion, easily topping the $2.63 billion estimate. Fixed income trading also outperformed, generating $1.93 billion versus the $1.68 billion forecast.
Wealth management, a key pillar of Morgan Stanley's business, delivered $7.48 billion in revenue, slightly above the $7.32 billion estimate. Net interest income hit $2.55 billion, well ahead of the $2 billion forecast.
The bank kept costs in check, with compensation expenses at $5.95 billion, lower than the projected $6.64 billion.
Shares rose 1.2%, extending Wednesday's 4.8% surge.
Read Also: <a href="https://www.benzinga.com/news/large-cap/25/01/43029150/morgan-stanley-q4-earnings-profit-doubles-ceo-calls-it-one-of-strongest-years-aims-for-prudent-dividend-growth">Morgan Stanley Q4 Earnings: Profit Doubles, CEO Calls It One Of Strongest Years, Aims For Prudent Dividend Growth</a>
<h3 class="wp-block-heading">Bank of America Tops Estimates, But 2025 Outlook In Focus</h3>
Bank of America also delivered a strong quarter, reporting EPS of 82 cents, above the 77 cents forecast. Revenue net of interest expenses came in at $25.35 billion, slightly exceeding expectations.
Key business lines performed well. Net interest income reached $14.36 billion, ahead of the $14.12 billion estimate. Investment banking revenue also beat, coming in at $1.65 billion versus the $1.47 billion forecast.
Goldman Sachs analyst Richard Ramsden noted that the results were "better than expected, given 1% higher NII and fees," but indicated that pre-provision net revenue of $8.4 billion fell 2% short of estimates. He added that investors would focus on expense and interest income guidance for 2025.
Bank of America shares were 0.7% lower, following Wednesday's 2.8% rally.
Read also: <a href="https://www.benzinga.com/25/01/43026092/bank-of-america-q4-earnings-67-billion-profit-revenue-jumps-15-investment-banking-and-deposit-growth">Bank of America Q4 Earnings: $6.7 Billion Profit, $1.7 Billion In Investment banking fees, Forecasts Higher NII In 2025</a>
<h3 class="wp-block-heading">PNC, U.S. Bancorp, First Horizon Deliver Mixed Results</h3>
PNC Financial Services posted EPS of $3.77, beating the $3.33 estimate. Revenue of $5.57 billion edged out expectations, but shares slipped 3.8% after gaining 2.4% on Wednesday.
U.S. Bancorp delivered EPS of $1.07, slightly above the $1.05 forecast, but revenue of $6.98 billion came in just below the $7 billion estimate. The stock was down 6.6% at the time of publication Thursday, after a 3.8% jump Wednesday.
First Horizon posted EPS of 43 cents, beating estimates of 39 cents, but revenue disappointed at $729 million, well short of the $820.7 million forecast. Shares were flat, following a 2.7% gain on Wednesday.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43027744/retail-sales-slow-jobless-claims-rise-is-us-consumer-loosing-steam">Retail Sales Disappoint, Jobless Claims Rise: Is US Consumer Losing Steam?</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Earnings

Analyst Ratings

Big Banks Continue To Beat Q4 Earnings As Financial ETF Takes A Breather

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">76.7300</td>
<td align="right">0.50</td>
<td align="right">0.65</td>
<td>12.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">233.4400</td>
<td align="right">1.15</td>
<td align="right">0.49</td>
<td>14.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">40.3400</td>
<td align="right">0.15</td>
<td align="right">0.37</td>
<td>1.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">87.3600</td>
<td align="right">0.32</td>
<td align="right">0.36</td>
<td>855</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.9399</td>
<td align="right">0.15</td>
<td align="right">0.19</td>
<td>981</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">227.5300</td>
<td align="right">0.25</td>
<td align="right">0.10</td>
<td>1.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">135.3500</td>
<td align="right">0.06</td>
<td align="right">0.04</td>
<td>25.1K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">139.98</td>
<td align="right">-0.59</td>
<td align="right">-0.42</td>
<td>7.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">96.75</td>
<td align="right">-0.35</td>
<td align="right">-0.37</td>
<td>430</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">92.28</td>
<td align="right">-0.29</td>
<td align="right">-0.32</td>
<td>22.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">49.46</td>
<td align="right">-0.02</td>
<td align="right">-0.05</td>
<td>425.7K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

XLRE

Leading And Lagging Sectors For January 16, 2025

Consumer sentiment faces renewed pressure as inflation expectations hit 3.3% for both short and long-term outlooks, despite December&#8217;s core inflation showing signs of moderation at 3.2% year-over-year, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">below the expected 3.3%</a>.
&#8220;The consumer is worried about both short-term inflation expectations over the next year and long-term inflation expectations over the next 3 to 5 years, with both popping to 3.3%,&#8221; said Cathie Wood, CEO of Ark Invest, highlighting the impact on consumer expectations.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Inflation rises to 3.3% for both short- and long-term outlooks. Thanks to current economic conditions, consumer sentiment has slightly rebounded, but inflation concerns dampen expectations. <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> explores the current macroeconomic state in the first &quot;In The Know&quot; of 2025.
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1879585687244243400?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7%, marking the third consecutive monthly increase and the highest rate since July. Energy costs played a significant role, with the index climbing 2.6% and accounting for over 40% of December&#8217;s <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">monthly price increases</a>.
Peter Schiff, Chief Economist at Europac, cautioned about underlying economic pressures, noting that &#8220;the CRB jumped another 1.6%, reaching a new 17-year high, up 21% in the past four months, while oil spiked almost 4%, closing at $80.41.&#8221;
The CRB Commodity Index, currently at 370.7, reached an all-time high of 470.17 in July 2008. This index tracks the price movement of 19 commodities, including aluminum, cocoa, coffee, copper, and more, providing a broad representation of commodity sectors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On the day Wall Street celebrated a &quot;benign&quot; <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> report, the CRB jumped another 1.6%, hitting a new 17-year high, up 21% in the past four months, while oil spiked almost 4%, closing at $80.41, a seven-month high. Wall Street believes inflation is low as prices are soaring.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1879650691595260249?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/01/43019359/bitcoin-taps-100k-ethereum-dogecoin-rally-on-positive-inflation-data-trumps-pro-crypto-moves-analyst">Bitcoin, Ethereum, Dogecoin Rally On Positive Inflation Data, Trump&#8217;s Pro-Crypto Moves: Analyst Projects BTC Could Top $200K Range In 2025</a>
Financial markets responded positively to the mixed data, with Treasury yields falling significantly. Mohamed El-Erian, Chief Economic Advisor at Allianz, observed &#8220;a significant, across-the-board move down in yields today in the advanced world,&#8221; attributing it to better-than-expected U.S. inflation data.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A significant, across-the-board move down in yields today in the advanced world. It was driven by traders/investors' reaction to better-than-expected inflation data in the US , and with the UK outpacing others given its own inflation data release.<a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://t.co/jI8mor6T6G">pic.twitter.com/jI8mor6T6G</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1879647124532699554?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, former Treasury Secretary Larry Summers raised concerns about fiscal stability, pointing out that &#8220;the 5 year 5 year US Treasury yield has hit 5 percent even as the real yield for the same horizon is above 2.6 percent,&#8221; suggesting worries about future budget deficits.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 5 year 5 year US Treasury yield has just hit 5 percent even as the real yield for the same horizon is above 2.6 percent.  This confirms concerns about looming budget deficits and a rising neutral rate.
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1879225916922175630?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.82%, while the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 2.30%. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) led sector gains, rising 2.55% as major banks reported strong fourth-quarter earnings.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow">From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Cathie Wood Says Inflation Worries Dampen Expectations, Schiff Singles Out Wall Street For Swallowing Narrative Even As Prices Soar

Macro Economic Events

Market Summary

General

Benzinga Market Summary: S&P Rises Following Dec. CPI And Strong Bank Earnings, Israel And Hamas Reach Hostage And Ceasefire Agreement

Wall Street staged a strong rebound on Wednesday, as mixed inflation data bolstered investor confidence in the Federal Reserve's continuation of easing cycle in 2025, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">easing recent market anxieties.</a>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7% and aligning with economist forecasts. On a monthly basis, headline inflation increased by 0.4%, up from November&#8217;s 0.3%, marking the sharpest monthly rise since March 2024.
The inflation report strengthened market expectations for Fed rate cuts in 2025. The probability of a rate cut by June climbed to 63%, up from 55% the previous day, with December futures now pricing in a 50% chance of two rate cuts.
The S&amp;P 500 advanced 1.5% by midday trading in New York, and the Dow Jones followed suit with a similar gain, both supported by strength in financial stocks. The Nasdaq 100 outperformed, rising 1.9%, while small-cap stocks posted a 1.7% gain.
Key financial giants, including JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), exceeded Wall Street's <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">fourth-quarter 2024 earnings expectations.</a>
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged nearly 2.2%, leading all S&amp;P 500 sectors and recording its strongest one-day gain in over two months.
In the bond market, yields on the 2-year Treasury note, which is highly sensitive to interest rate expectations, fell 9 basis points to 4.28%, while 30-year yields dropped 8 basis points to 4.89%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) gained 1.3% as bond prices rose.
The U.S. Dollar Index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), remained flat, with dollar strength against the euro offset by weakness versus the yen.
West Texas Intermediate — as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) — rallied 2%, hitting $80 a barrel during the day amid a stronger-than-expected drop in commercial crude stocks last week.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) jumped 2.6%, nearing $99,000, buoyed by optimism surrounding potential Fed rate cuts. Meanwhile, gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), gained 0.5%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,142.06</td>
<td>1.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,257.59</td>
<td>1.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,932.76</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,153.53</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.5% to $590.96.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.5% to $431.31.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.9% to $514.49.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) increased 1.8% to $223.77.</li>
<li>The&nbsp;Financial Select Sector SPDR Fund outperformed, up 1.2%; the&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Citigroup Inc. rallied over 7%, in reaction to stronger-than-expected earnings, marking the strongest performance within the S&amp;P 500 index.</li>
<li>Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 6.9% after RBC raised its 12-month price target to $641. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares climbed more than 5% after RBC increased its price target for the stock from $313 to $440, while reaffirming its outperform rating.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43006771/bitcoin-up-to-99000-is-loving-inflation-data-release-xrp-dogecoin-follow-higher">Bitcoin Up To $99,000 &#8216;Is Loving&#8217; Inflation Data Release, XRP, Dogecoin Follow Higher</a></li>
</ul>
Photo: Shutterstock

ISRG

TSLA

PowerShares DB US Dollar Index Bullish Fund

Wall Street Rallies As Treasury Yields Fall, Banks Smash Q4 Earnings, Oil Hits $80: What's Driving Markets Wednesday?

Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading higher by 2% to $315.35 during Wednesday&#8217;s session. The stock is rising following the latest inflation data, as expectations of <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43003047/stocks-rise-on-core-inflation-slowdown-banks-rally-after-strong-q4-earnings-treasury-yields-plummet">potential interest rate cuts increased</a>.
The slowing of underlying price growth, evidenced by a slight dip in core inflation, suggests that the Federal Reserve could take a more dovish approach in 2025.
For Visa, a reduction in interest rates could lead to lower borrowing costs, boosting consumer spending and increasing the volume of transactions processed through its network.
Visa&#8217;s revenue is highly correlated with consumer spending, particularly in a low-rate environment where credit becomes cheaper, potentially driving greater adoption of Visa&#8217;s payment products. 
Additionally, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">lower rates</a> can enhance investor sentiment, as the cost of capital decreases and financial markets become more liquid, further strengthening Visa's position as a stable, profitable company in the financial technology space.
Read Also: <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">Big Banks Crush Q4 Earnings Forecasts: Financial Stocks Set For Biggest 1-Day Rally Since Trump&#8217;s Election</a>
Investors can gain exposure to&nbsp;Visa by&nbsp;investing&nbsp;in the Financial Select Sector SPDR Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NASDAQ">XLF</a>).
<h2 class="wp-block-heading">Is Visa A Good Stock To Buy?</h2>
An investor or trader's decision to buy or sell a stock is unique to their time horizon and risk tolerance. Many typical investors evaluate earnings growth and valuation on a particular stock before making a decision. 
For example, for Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), you'll notice that earnings in its last quarter grew 5.04% <a href="https://www.benzinga.com/quote/V/earnings">source</a>. As an investor, you'll want to decide whether that's better or worse than what you'd like to see among stocks in your portfolio. 
On the valuation side, Visa's price to earnings ratio &#8211; a measure of how much an investor pays for the company's earnings &#8211; is projected to compress 2.66% in the current quarter when compared with last year. That places it below similar businesses Mastercard, Fiserv, PayPal Holdings in its sector. You'll need to decide whether that makes it more or less attractive based on how you think the company will perform over time.
There are many different valuation metrics that may help you make a decision. Find more on <a href="https://www.benzinga.com/quote/V">Visa's quote page</a>, or if you'd like a deeper dive in an advanced program, try <a href="https://pro.benzinga.com">Benzinga PRO</a> for free.
V has a 52-week high of $321.62 and a 52-week low of $252.70.

What's Going On With Visa Stock?

Major U.S. banks reported strong fourth-quarter 2024 earnings on Wednesday, with better-than-expected results across the board <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42984073/banks-kick-off-earnings-season-on-wednesday-retail-traders-bet-big-on-financials-ahead-of-regulatory-tailwinds">and upbeat 2025 guidance. </a>
The performance was driven by robust net interest income (NII), resilient fee revenue, and disciplined expense management. 
These positive earnings results sent financial stocks higher, with the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rising 1.9% on Wednesday, eyeing the strongest one-day rally since Nov. 6, 2024, when financial stocks rallied in response to Donald Trump&#8216;s victory at the presidential elections.
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumped 3.1%, reflecting strength among regional banks.
<h3 class="wp-block-heading">Bank Earnings In Focus</h3>
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported fourth-quarter earnings per share of $4.81, far exceeding the consensus estimate of $4.11, representing a 17% surprise, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1">Benzinga Pro</a> data.
Revenue came in at $43.74 billion, beating estimates by 4.9%. The bank's strong performance was attributed to higher NII, which totaled $94 billion for 2025 guidance, above expectations, along with lower-than-anticipated credit costs.
The world&#8217;s largest bank repurchased $4 billion in shares during the quarter, bringing its Common Equity Tier 1 ratio to 15.8%, up 30 basis points quarter-over-quarter.
Shares of JPMorgan Chase &amp; Co. rose 0.5% by 10:00 a.m. in New York. 
Read also: <a href="https://www.benzinga.com/25/01/43000684/jpmorgan-q4-earnings-shine-investment-banking-revenue-jumps-46-yy-jamie-dimon-says-inflation-may-persist-for-some-time">JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says &#8216;Inflation May Persist For Some Time&#8217;</a>
Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) delivered a standout performance with EPS of $11.95, a sharp 45.4% surprise over the $8.22 consensus. Revenue reached $13.87 billion, 11.9% above estimates, driven by strong trading revenue, up by 13%, and better-than-expected equity underwriting, up 41%.
According to Bank of America analysts, Goldman remains &#8220;a favored way to gain exposure to rebounding investment banking activity.&#8221;
The bank repurchased $2 billion in shares and ended the quarter with a 15% CET1 ratio. Return on equity for 2024 stood at 12.5%, slightly below the bank&#8217;s mid-teens target but still solid.
Goldman Sachs rallied 6% in response to fourth-quarter results, reaching highs last seen in early December 2024 and eyeing the strongest 1-day rally since Nov. 6 2024.
Read also: <a href="https://www.benzinga.com/news/earnings/25/01/43000353/goldman-sachs-q4-earnings-equity-and-debt-underwriting-fuel-revenue-boost-assets-under-management-hit-record-314-trillion">Goldman Sachs Q4 Earnings: Underwriting Boosts Revenue, Assets Reach Record $3.14 Trillion</a>
Wells Fargo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) posted EPS of $1.42, beating estimates by 5.2%, driven by stronger-than-expected NII and fee revenue. 
Overall revenue was slightly below estimates at $20.38 billion, yet the bank's 2025 guidance surprised to the upside, with NII expected to grow 1-3% year-over-year, implying $48.98 billion—higher than analyst expectations.
Wells Fargo's CET1 ratio stood at 11.1%, down 20 basis points quarter-over-quarter, but the bank returned $4 billion to shareholders through buybacks. 
Credit trends remained stable, and expenses were well-managed, positioning the bank for a solid year ahead.
Shares of Wells Fargo roared 5.7% to early December highs. 
Read Also: <a href="https://www.benzinga.com/news/earnings/25/01/43002392/wells-fargo-q4-earnings-investors-cheer-50-jump-in-net-profit-roe-improvement-bank-expects-up-to-3-jump-in-2025-nii">Wells Fargo Q4 Earnings: Investors Cheer 50% Jump In Net Profit, ROE Improvement, Bank Expects Up To 3% Jump In 2025 NII</a>
Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) reported EPS of $1.34, beating the $1.22 consensus by 9.8%, while revenue of $19.58 billion narrowly exceeded expectations. 
The results reflected solid execution across the bank's core operations, with a particular boost from strong trading revenues.
Though the bank still faces challenges in certain areas, analysts at Bank of America see improving operational efficiency and regulatory easing as potential tailwinds. 
Citigroup's stock rose 5.7% following the earnings release, reflecting growing investor optimism.
Read also: <a href="https://www.benzinga.com/news/buybacks/25/01/43002760/citigroup-q4-earnings-12-topline-growth-2-9-billion-net-income-20-billion-share-buyback-gains-in-wealth-and-market-segments">Citigroup Q4 Earnings: 12% Topline Growth, $2.9 Billion Net Income, $20 Billion Share Buyback, Gains In Wealth And Market Segments</a>
Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) posted EPS of $1.72, exceeding estimates by 10.3%, while revenue of $4.85 billion beat projections by 4.2%. The results were driven by robust pre-provision net revenue growth, up 9.5% year-over-year, fueled by NII growth of nearly 14%.
The bank achieved its medium-term targets of a 33% pre-tax margin and 23% return on tangible common equity (ROTCE), highlighting disciplined expense management. 
Shareholder returns were also strong, with $1.1 billion returned in the fourth quarter, including $750 million in buybacks.
Shares rallied by 5.7%, eyeing their highest one-day surge since July 2022. 
<h3 class="wp-block-heading">Looking Ahead</h3>
The market spotlight will shift to Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), and M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) all slated to report earnings on Thursday, before the market open. 
Here's what investors will be watching, according to Benzinga Pro data:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Bank</th>
<th>Estimated Revenue</th>
<th>Estimated EPS</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bank of America Corp.</td>
<td>$25.24 billion</td>
<td>$0.77</td>
</tr>
<tr>
<td>Morgan Stanley</td>
<td>$15.03 billion</td>
<td>$1.70</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc.</td>
<td>$5.50 billion</td>
<td>$3.33</td>
</tr>
<tr>
<td>U.S. Bancorp</td>
<td>$6.99 billion</td>
<td>$1.05</td>
</tr>
<tr>
<td>M&amp;T Bank Corp.</td>
<td>$2.34 billion</td>
<td>$3.73</td>
</tr>
<tr>
<td>First Horizon Corp.</td>
<td>$820.7 million</td>
<td>$0.39</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42997625/blackrock-beats-q4-estimates-fueled-by-record-inflows-116-trillion-aum-milestone">BlackRock Q4 Earnings: Record Inflows Fuel Revenue And Earnings Beat, AUM Hits $11.6 Trillion Milestone</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Big Banks Crush Q4 Earnings Forecasts: Financial Stocks Set For Biggest 1-Day Rally Since Trump's Election

Major indices rallied on Wednesday after December inflation data showed underlying price pressures slowing, reducing fears of a prolonged pause in interest rate cuts <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">by the Federal Reserve. </a>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November's 2.7%, matching economist forecasts. On a monthly basis, headline inflation increased 0.4%, accelerating from the 0.3% surge in November and marking the largest monthly rise since March 2024.
Core inflation, which excludes volatile food and energy prices, rose 3.2% year-over-year, slightly below the expected 3.3%. Month-over-month, core prices gained 0.2%, in line with forecasts.
The inflation data boosted expectations for Fed rate cuts in 2025. The probability of a rate cut by June rose to 68% from 55% the previous day, with December futures now indicating a 58% chance of two cuts by year-end.
<h3 class="wp-block-heading">Wall Street Gains As Bond Yields Retreat, Financial Stocks Soar</h3>
The S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – surged 1.5% in early New York trading, led by financial stocks after major banks reported strong fourth-quarter earnings.
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) all topped earnings forecasts for the fourth quarter and released upbeat guidance, reiterating that the financial sector thrived heading to the end of last year.
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rose 2.2%, leading all S&amp;P 500 sectors, while the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumped 3.4%, reflecting strong performance among regional banks.
The Dow rose 1.6%, while the Russell 2000 index outperformed, climbing 2.6%. Tech stocks, tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), gained 1.7%, boosted by falling Treasury yields.
Yields on the policy-sensitive 2-year Treasury note fell 9 basis points to 4.27%, while 30-year yields dropped 9 basis points to 4.88%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) gained 1.6% as bond prices rallied.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2% to over $99,000, supported by rising hopes for Fed rate cuts. Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), added 0.5%.
<h3 class="wp-block-heading">Top Movers</h3>
S&amp;P 500 Gainers:
<ul>
<li>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): +5.85%</li>
<li>BlackRock Inc.: +5.54%</li>
<li>Assurant Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>): +5.49%</li>
<li>Bio-Techne Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>): +5.36%</li>
<li>Citigroup Inc.: +5.16%</li>
</ul>
Nasdaq 100 Movers:
<ul>
<li>Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>): +4.62%</li>
<li>Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>): +4.60%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): +4.43%</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>): +4.30%</li>
<li>The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>): +3.39%</li>
</ul>
Top Gainers In The Invesco KBW Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NYSE">KBWB</a>):
<ul>
<li>Citigroup Inc.: +5.27%</li>
<li>Wells Fargo &amp; Co.: +4.80%</li>
<li>Bank of New York Mellon Corp.: +4.35%</li>
<li>Western Alliance Bancorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>): +4.13%</li>
<li>Goldman Sachs Group Inc.: +4.02%</li>
</ul>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43000684/jpmorgan-q4-earnings-shine-investment-banking-revenue-jumps-46-yy-jamie-dimon-says-inflation-may-persist-for-some-time">JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says &#8216;Inflation May Persist For Some Time&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

CPRT

KBWB

PLTR

TECH

Stocks Rise On Core Inflation Slowdown, Banks Rally After Strong Q4 Earnings, Treasury Yields Plummet

Benzinga Market Summary: Banks Report Strong Earnings, Core CPI Rises By Less Than Expected, S&P Gains, Biden To Give Farewell Address

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">48.6699</td>
<td align="right">0.420</td>
<td align="right">0.87</td>
<td>527.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">40.2100</td>
<td align="right">0.190</td>
<td align="right">0.47</td>
<td>1.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">75.9955</td>
<td align="right">0.316</td>
<td align="right">0.41</td>
<td>1.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">228.5600</td>
<td align="right">0.800</td>
<td align="right">0.35</td>
<td>9.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">134.8100</td>
<td align="right">0.370</td>
<td align="right">0.27</td>
<td>1.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">91.4000</td>
<td align="right">0.180</td>
<td align="right">0.19</td>
<td>19.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">221.9300</td>
<td align="right">0.290</td>
<td align="right">0.13</td>
<td>1.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">140.0400</td>
<td align="right">0.040</td>
<td align="right">0.02</td>
<td>6.6K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">76.45</td>
<td align="right">-0.04</td>
<td align="right">-0.06</td>
<td>1.4K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For January 15, 2025

Seaport analyst Jeff Cantwell upgraded Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) to Buy from <a target="_blank" href="https://www.benzinga.com/quote/V/analyst-ratings" rel="noreferrer noopener">Neutral with a price target of $359</a>.
The analyst raised forecasts for the company, which are above consensus for both 2025 and 2026.
Also, for this year, the analyst prefers Visa on a relative basis over Mastercard, primarily due to Visa&#8217;s more significant U.S. exposure.
The analyst projects stronger service/data processing revenue for 2025 and 2026, driven by a firming U.S. economy in the second half of this year.
Cantwell also boosted the Other Revenue estimates, expecting higher demand for value-added services (VAS) from Visa&#8217;s clients.
The analyst anticipates double-digit revenue growth for Visa in 2025 and 2026, with 13% EPS growth in both years.
The upcoming Investor Day in February is also seen as a positive catalyst for investors, adds the analyst.
Overall, in a macro environment expected to be somewhat turbulent in 2025, the analyst views Visa as a steady earnings compounder with upside potential compared to consensus estimates.
Investors can gain exposure to the stock via iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and SPDR Select Sector Fund &#8211; Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Target: V shares are up 0.87% at $309.58 at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42971921/mastercard-vs-visa-bearish-trends-bullish-hopes" target="_blank" rel="noreferrer noopener">Mastercard Vs. Visa: Technical Challenges Ahead Of Earnings Showdown</a></li>
</ul>
Photo by In Green via Shutterstock.

Upgrades

Price Target

iShares Trust Dow Jones US Financial Services Index Fund

This Analyst Prefers Visa Over Mastercard In 2025 - Here's Why

Banks reporting fourth-quarter earnings on Wednesday will take center stage, with investors watching closely for insights on the health <a href="https://www.benzinga.com/news/econ-s">of the U.S. economy. </a>
Traditionally seen as a barometer for broader economic performance, strong results from banks could set a positive tone for other sectors and the outlook for 2025.
Meanwhile, retail investors seem to have flocked to financial stocks ahead of earnings, anticipating strong results and positive commentary on the regulatory landscape going forward. 
<h1 class="wp-block-heading">What To Expect From Banks Q4 Results: Earnings And Revenue Projections</h1>
According to data from <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011425&amp;t=be2bearmibe3na1">Benzinga Pro</a>:
<ul>
<li>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is projected to report an estimated earnings per share of $8.17, a significant 49% increase from the $5.48 it posted in the same quarter of 2023. Revenue is forecast at $12.25 billion, reflecting an 8% gain from $11.32 billion a year earlier.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is forecast to post EPS of $4.11, a 35% increase from $3.04 in the fourth quarter of 2023. Revenue is projected to grow 8% year-over-year to $41.71 billion, up from $38.57 billion.</li>
<li>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is anticipated to show a sharp turnaround with an expected EPS of $1.22 compared to a loss of $1.16 in the fourth quarter of 2023. Revenue is estimated to rise 12% to $19.48 billion, up from $17.44 billion.</li>
<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report EPS of $1.35, up 57% from 86 cents in the same quarter last year. Revenue is expected to remain largely flat, edging up 0.5% to $20.59 billion compared to $20.48 billion.</li>
<li>Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to deliver EPS of $1.56, a substantial improvement from 33 cents a year earlier, with revenue increasing 8% to $4.65 billion, a slight rise from $4.31 billion.</li>
<li>BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is expected to report EPS of $11.22, an increase of 16% from $9.66 in the fourth quarter of 2023. Revenue is estimated to grow 19% to $5.52 billion, up from $4.63 billion.</li>
</ul>
<h1 class="wp-block-heading">Retail Investors Bet Big On Financials</h1>
Retail investors appear optimistic about bank earnings, as financial stocks saw the largest weekly inflows since March 2023. 
Bank of America's private client data revealed that $297 million flowed into financial stocks last week, reversing the $102 million outflows from the final week of December 2024. This bullish sentiment could fuel additional momentum if earnings exceed expectations.
The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) closed last year with gains of 28%, outperforming the broader S&amp;P 500 — tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — by 5 percentage points.
<h1 class="wp-block-heading">Regulatory Tailwinds On The Horizon?</h1>
Banks could be positioned to benefit from a shifting regulatory landscape as Donald Trump's new administration assumes office. 
The recent announcement of Fed Vice Chair for Supervision Michael Barr's early departure could mark the beginning of a more favorable era for the financial sector, according to veteran Wall Street investor Ed Yardeni. 
Yardeni, president of Yardeni Research, highlighted that financials could be entering a &#8220;sustained period of more favorable regulatory change&#8221; after more than a decade of heightened oversight following the 2008 financial crisis.
Barr, a staunch proponent of tighter regulations, had advocated for the &#8220;Basel III endgame,&#8221; which would have imposed stricter capital requirements on banks.
With his exit, the analyst now expects a scaled-back version of these proposals, potentially easing compliance burdens for banks.
Yardeni sees Fed Gov. Michelle Bowman and Gov. Christopher Waller, both considered more bank-friendly, as frontrunners to replace Barr.
Additionally, Trump's administration may push for regulatory rollbacks across agencies such as the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, creating further upside potential for the sector.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/42965857/oil-could-hit-90-goldman-sachs-says-trump-may-not-ease-sanctions-on-russia">Oil Could Hit $90, Goldman Sachs Says: &#8216;Trump May Not Ease Sanctions&#8217; On Russia</a></li>
</ul>
Photo: Shutterstock

Banks Kick Off Earnings Season On Wednesday: Retail Traders Bet Big On Financials Ahead Of Regulatory Tailwinds

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">223.04</td>
<td align="right">0.97</td>
<td align="right">0.43</td>
<td>483</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">227.79</td>
<td align="right">0.63</td>
<td align="right">0.27</td>
<td>66.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">76.65</td>
<td align="right">0.18</td>
<td align="right">0.23</td>
<td>1.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">85.35</td>
<td align="right">0.19</td>
<td align="right">0.22</td>
<td>535</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">47.76</td>
<td align="right">0.10</td>
<td align="right">0.20</td>
<td>75.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">74.71</td>
<td align="right">0.01</td>
<td align="right">0.01</td>
<td>1.7K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">39.59</td>
<td align="right">-0.09</td>
<td align="right">-0.23</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For January 14, 2025

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">89.10</td>
<td align="right">0.71</td>
<td align="right">0.80</td>
<td>35.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">139.67</td>
<td align="right">0.03</td>
<td align="right">0.02</td>
<td>5.0K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">226.1680</td>
<td align="right">-2.612</td>
<td align="right">-1.15</td>
<td>52.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">219.1295</td>
<td align="right">-1.690</td>
<td align="right">-0.77</td>
<td>2.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">95.0877</td>
<td align="right">-0.722</td>
<td align="right">-0.76</td>
<td>3.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">47.1000</td>
<td align="right">-0.220</td>
<td align="right">-0.47</td>
<td>91.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">82.9620</td>
<td align="right">-0.338</td>
<td align="right">-0.41</td>
<td>2.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">39.0500</td>
<td align="right">-0.130</td>
<td align="right">-0.34</td>
<td>8.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">130.9600</td>
<td align="right">-0.370</td>
<td align="right">-0.29</td>
<td>7.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">76.2500</td>
<td align="right">-0.090</td>
<td align="right">-0.12</td>
<td>3.6K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For January 13, 2025

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">89.2000</td>
<td align="right">1.17</td>
<td align="right">1.32</td>
<td>33.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.3900</td>
<td align="right">0.38</td>
<td align="right">0.49</td>
<td>13.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">223.3000</td>
<td align="right">0.29</td>
<td align="right">0.13</td>
<td>603</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">140.5199</td>
<td align="right">0.09</td>
<td align="right">0.06</td>
<td>1.5K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">232.4200</td>
<td align="right">-1.460</td>
<td align="right">-0.63</td>
<td>23.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">48.2736</td>
<td align="right">-0.216</td>
<td align="right">-0.45</td>
<td>91.7K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For January 10, 2025

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">87.60</td>
<td align="right">0.53</td>
<td align="right">0.60</td>
<td>13.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">48.59</td>
<td align="right">0.15</td>
<td align="right">0.30</td>
<td>23.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">132.77</td>
<td align="right">0.34</td>
<td align="right">0.25</td>
<td>1.6K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.6500</td>
<td align="right">-0.370</td>
<td align="right">-0.27</td>
<td>765</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">40.2039</td>
<td align="right">-0.076</td>
<td align="right">-0.19</td>
<td>405</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">226.4800</td>
<td align="right">-0.290</td>
<td align="right">-0.13</td>
<td>2.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">238.5000</td>
<td align="right">-0.250</td>
<td align="right">-0.11</td>
<td>39.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">98.9000</td>
<td align="right">-0.040</td>
<td align="right">-0.05</td>
<td>746</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.1905</td>
<td align="right">-0.029</td>
<td align="right">-0.04</td>
<td>2.9K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For January 7, 2025

Nasdaq jumps 2%, S&P climbs as core CPI inflation cools; yields slide

XLF: Hold While Fed Makes Decisions

Nasdaq ends with 2% rally, yields slump as core CPI inflation cools

The financial sector ETF broke above the prior swing high but came into potential resistance around the $49.45 level.

Financials Get Q4 Earnings Off To A Good Start

Stocks are on fire. Enjoy it, but don't get too comfortable. Rip-your-face-off rallies like this are a sign that the market is still really volatile.

This Rally Is The Hallmark Of A Volatile Market

U.S. stocks have already seen significant turbulence in recent weeks and strategists continue to warn of further downside in the months ahead.

Top 2 Sectors To Invest In During Ongoing Market Volatility

The following are the pivot points for the Financial Select Sector (XLF). Pivot High: $49.85, Pivot Low: $49.24. These were calculated using the De...

Financial Select Sector: Pivot points

BTO: This Is Why You Should Let Banks Pay You

The January Fed Meeting And How To Play It

The following are the pivot points for the Financial Select Sector (XLF). Pivot High: $50.02, Pivot Low: $49.63. These were calculated using the De...

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ダウ工業株30種平均は0.7％低下し、19,076.80ポイント、S&amp;P 500 は5,348.59ドル（0.2％減）となり、ナスダック総合株価指数は38,578.53ドル（0.7％減）で推移しています。
市場全体の下落にもかかわらず、テクノロジー株重視のナスダック100は、アップル（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>）の強い株価値上がりによって損失を免れました。ナスダック100は0.0％となっています。米国時間６月22日の日中取引で、アップルの株価は値上がりし、1株につき149.15ドルで取引されています。 カリフォルニア州クパチーノに本社を置くiPhone製造会社の株価は5.9％上昇し、4か月ぶりの高値を記録しました。この数日の先行エントリーは、火曜日に開催されたWWDC（Appleの開発者向けカンファレンス）のイベントに続くものです。
ダウを構成する銘柄は0.7％減少しましたが、スモールキャップ株は1％減少しています。米国債の利回りはほとんど変わらず、10年債利回りは4.46％のままです。
コモディティ市場では、金は0.2％、銀は1.9％下落し、一方でウェストテキサス中級原油（WTI）の相場は１バレル77ドルで横ばいです。
ビットコイン（暗号資産：<a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>）はこの日最大の下落率を記録し、66500ドルまで4％以上下落し、4月下旬以来の最も低い株価を記録しています。
<h3 class="wp-block-heading">主要米国株指数ETFの今日の動き</h3>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>主要指数</td>
<td>価格</td>
<td>日中騰落率</td>
</tr>
<tr>
<td>ナスダック100</td>
<td>19,076.80</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,348.59</td>
<td>-0.2%</td>
</tr>
<tr>
<td>ダウ工業株</td>
<td>38,578.53</td>
<td>-0.7%</td>
</tr>
<tr>
<td>ラッセル2000</td>
<td>2,018.79</td>
<td>-1.0%</td>
</tr>
</tbody>
</table><figcaption class="wp-element-caption">米国東部時間12:55に更新</figcaption></figure>
<a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>のデータによれば：
<ul>
<li> SPDR S&amp;P 500 ETF トラスト（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>）が534.10ドル（0.3％減）で推移しました。</li>
<li> SPDR ダウ工業株 ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>）が0.7％低下し、1株当たり386.43ドルで取引されています。</li>
<li>投資信託（ETF）部門では、Invesco QQQ トラスト（ARCA：QQQ）が464.60ドルの水準を維持しています。</li>
<li>部門別では、テクノロジーをテーマにしたSelect Sector SPDR Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>）の株価は1％上昇し、ファイナンシャルをテーマにしたSelect Sector SPDR Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>）の株価は1.5％下落しました。</li>
</ul>
<h3 class="wp-block-heading">その他の株式動向</h3>
<ul>
<li>FMC Corp.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>）の株価は最高経営責任者兼社長に前任者が復帰したことで3.5％上昇しました。</li>
<li>NextEra Energy Inc（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>）の株価は6.7％下落し、1株あたり196.16ドルで取引されています。同社は弱い業績見通しを発表した結果、2023年10月以来の最悪の日中取引を予測しています。</li>
<li>State Street Corp.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>）とBlackRock Inc.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>）の株価はそれぞれ4.5％減と1.7％減となりました。これは、米国議会の委員会が環境に関連した共謀を画策していると発表したウォールストリート最大の企業に対する告発があったためです。</li>
<li>Affirm Holdings Inc. （NASDAQ：<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>）の株価は8％以上上昇し、1株あたり57.79ドルで取引されました。これはアップルが今年後半に同社の製品をApple Payに含めることを発表した後の動きです。</li>
<li>DXC Technology Company（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>）は、Apollo Global ManagementとKyndryl Holdingsからの買収提案を受けて11.5％上昇しました</li>
</ul>
今すぐ読む： <a href="https://www.benzinga.com/markets/equities/24/06/39272106/affirm-soars-after-apple-partnership-announcement-what-it-means-for-users">アップルとの提携発表後、Affirmの株価が飛躍：ユーザーにとって意味すること</a>

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