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Banking News 6 January 2026

Bank of America stock edges higher after Barclays target hike as earnings near

Bank of America stock edges higher after Barclays target hike as earnings near

New York, January 6, 2026, 12:44 PM ET — Regular session Bank of America Corp (BAC.N) shares edged up about 0.4% to $57.15 in midday trading on Tuesday, after Barclays raised its price target on the lender to $71 from $59 and kept an overweight rating, TheFly reported. The stock has traded between $56.73 and $57.42. TipRanks The move keeps attention on U.S. lenders as investors position for Friday’s monthly jobs report, known as nonfarm payrolls, which can shift expectations for the Federal Reserve’s interest-rate path. Rate bets matter for banks because they influence net interest income — the gap
6 January 2026
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Citigroup stock holds near 52-week high as Barclays lifts target to $146 ahead of earnings

Citigroup stock holds near 52-week high as Barclays lifts target to $146 ahead of earnings

New York, January 6, 2026, 11:48 EST — Regular session Citigroup (C.N) shares were up 0.1% at $123.42 in late-morning trade on Tuesday, after moving between $122.25 and $124.09 earlier in the session. Barclays analyst Jason Goldberg raised his price target on Citi — a forecast for the share price — to $146 from $115 and kept an Overweight rating, writing that “the trends that drove double-digit earnings growth” should carry into 2026. TipRanks The stock’s pause comes as Wall Street extends a new-year rally and investors pivot to this week’s U.S. data and the start of quarterly reports for
6 January 2026
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Goldman Sachs stock rises after Barclays hikes target as bank-rule bets build

Goldman Sachs stock rises after Barclays hikes target as bank-rule bets build

New York, Jan 6, 2026, 11:20 EST — Regular session The Goldman Sachs Group Inc (NYSE:GS) shares rose 0.6% to $953.95 in late-morning trade on Tuesday after Barclays raised its price target on the Wall Street bank to $1,048 from $850 and kept an Overweight rating, TheFly reported. Barclays said it expects the trends that drove double-digit earnings growth and bank stock outperformance in 2025 to carry into 2026. TipRanks The move comes after financial shares powered Monday’s rally that pushed the Dow to an all-time high, with Goldman, JPMorgan Chase and Morgan Stanley touching records as investors positioned for
6 January 2026
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JPMorgan stock slips after record run as investors eye Jan. 13 earnings

JPMorgan stock slips after record run as investors eye Jan. 13 earnings

New York, January 6, 2026, 11:19 EST — Regular session JPMorgan Chase & Co (JPM.N) shares slipped 0.3% to $333 in late morning trade on Tuesday, easing after a sharp rally that pushed the bank to record highs in the prior session. The move matters because JPMorgan is set to open the U.S. bank earnings season next week, and investors are looking for fresh clues on how 2026 may shape up for loan growth, credit quality and capital returns. Traders will also watch net interest income — the gap between what banks earn on loans and pay on deposits —
6 January 2026
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Nu Holdings’ NU stock rises again after Monday surge, with Feb. 25 earnings in focus

Nu Holdings’ NU stock rises again after Monday surge, with Feb. 25 earnings in focus

New York, Jan 6, 2026, 10:52 ET — Regular session Nu Holdings Ltd shares extended their rally on Tuesday, up about 1.8% at $18.27 in morning trading, after closing the prior session at $17.94. The stock traded between $17.74 and $18.37, with about 15 million shares changing hands by mid-morning. The gains matter because Nu, which operates Nubank, is one of the most widely held U.S.-listed plays on Latin American consumer credit and digital banking. Investor appetite for the sector has also been in focus after Brazilian digital bank PicPay filed for a U.S. initial public offering on Monday, adding
6 January 2026
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Tokyo stock market today: Nikkei, Topix close at record highs as banks and energy lead

Tokyo stock market today: Nikkei, Topix close at record highs as banks and energy lead

Tokyo, January 6, 2026, 18:53 JST — Market closed Japan’s Nikkei 225 ended at a record closing high on Tuesday, riding gains in banks and refiners, while the broader Topix — a wider index of Tokyo Stock Exchange shares — also finished at a new peak. The Nikkei rose 1.32% to 52,518.08 and the Topix added 1.75% to 3,538.44. Eneos Holdings jumped 5.39% and Mizuho Financial Group gained 5%, as investors stayed in “risk-on” mode to start the year. The Business Times The record close matters because traders are increasingly treating Tokyo as a domestic story, not just a proxy
6 January 2026
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ASX 200 drops on bank selloff as BlueScope jumps on $13.15 bln bid; inflation data next

ASX 200 drops on bank selloff as BlueScope jumps on $13.15 bln bid; inflation data next

Sydney, January 6, 2026, 20:58 AEDT — Market closed Australian shares logged their weakest session in three weeks on Tuesday as heavy losses in the big banks outweighed a rally in miners, leaving the benchmark S&P/ASX 200 down 0.52% at 8,682.8. Indo Premier+1 The near-term focus is inflation. The Australian Bureau of Statistics is due to publish its November monthly consumer price index (CPI) on Wednesday, January 7, with economists looking for the annual pace to ease to about 3.7% from 3.8%. ABC+1 That print matters because it feeds straight into expectations for the Reserve Bank of Australia’s next move. Markets have
6 January 2026
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Standard Chartered stock today: STAN slips after buyback update, Feb 24 results in focus

Standard Chartered stock today: STAN slips after buyback update, Feb 24 results in focus

London, Jan 6, 2026, 09:27 GMT — Regular session Standard Chartered (STAN.L) shares edged lower in early London trade on Tuesday after the bank disclosed another round of purchases under its share buyback programme. The stock was down 1.0 pence, or 0.05%, at 1,854.5 pence by 0927 GMT, near its 52-week high of 1,875.5 pence. Google Why it matters now: buybacks have become a central pillar of the European bank trade, signalling management confidence in capital buffers and recycling cash to shareholders. A buyback is when a company repurchases its own shares, shrinking the share count and often lifting earnings
6 January 2026
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NatWest share price hits fresh 52-week high after buyback update — what investors watch next

NatWest share price hits fresh 52-week high after buyback update — what investors watch next

London, Jan 6, 2026, 09:04 GMT — Regular session NatWest Group (NWG.L) shares hit a fresh 52-week high on Tuesday and were up about 0.6% at 669.6 pence in London trade, after touching 674.2 pence earlier in the session. The stock traded between 665.2 pence and 674.2 pence, versus a prior close of 665.6 pence. Investing.com The move keeps the focus on shareholder returns and on how UK-focused lenders are holding up as investors parse domestic credit demand. A run of small, steady repurchases can help underpin the share price by reducing the share count, even when the daily volumes
6 January 2026
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Lloyds Banking Group share price rises to 1-year high as mortgage cuts and BoE data sharpen results focus

Lloyds Banking Group share price rises to 1-year high as mortgage cuts and BoE data sharpen results focus

London, January 6, 2026, 08:35 (GMT) — Regular session Lloyds Banking Group (LLOY.L) shares rose 1.6% to 101.51 pence by 0835 GMT, after touching 101.70 pence — the top of their 52-week range. Investing.com The move puts the spotlight back on a familiar pressure point for the lender: UK mortgages. With borrowers refinancing and lenders fighting for new business, investors are trying to read what happens next to volumes and pricing into the results season. Bank of England data on Monday showed net consumer borrowing increased by 2.08 billion pounds ($2.79 billion) in November — the biggest rise since November
6 January 2026
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HSBC stock holds steady as mortgage-rate cuts heat up UK lending fight — what investors watch next

HSBC stock holds steady as mortgage-rate cuts heat up UK lending fight — what investors watch next

London, Jan 6, 2026, 08:11 GMT — Regular session HSBC Holdings Plc shares were unchanged in early London trading on Tuesday after the lender cut mortgage rates across a wide set of UK products, stepping up competition at the start of the year. HSBC was last flat at 1,207.2 pence. HSBC The move matters because mortgage pricing is a front-line battleground for UK banks, shaping loan growth and the profit they make on lending. A sharper push for volume can come at a cost if banks start undercutting each other. That tension is back in focus as rate expectations shift
6 January 2026
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Barclays stock edges higher after buyback update, with BoE and results in focus

Barclays stock edges higher after buyback update, with BoE and results in focus

LONDON, Jan 6, 2026, 08:16 GMT — Regular session Barclays shares rose 0.6% to 489.6 pence in early London trading on Tuesday, lifting the UK lender toward the top of its 52-week range. Peers Lloyds and NatWest were also higher by around 1% each. google.com The bank said it bought back 3,507,890 ordinary shares on Jan. 5 at a volume-weighted average price of 484.6217 pence as part of its programme announced in October. It plans to cancel the shares, a move that shrinks the share count and can boost earnings per share if profits hold steady. Investegate The timing matters
6 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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