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Banking News 3 February 2026

Wells Fargo stock price ticks up as banks buck a tech-led slide — here’s what traders watch next

Wells Fargo stock price ticks up as banks buck a tech-led slide — here’s what traders watch next

Wells Fargo shares rose 0.3% to $92.53 Tuesday afternoon, outperforming a 1.2% drop in the S&P 500 ETF. Banks gained as long-term Treasury yields edged higher, with investors betting on a steeper yield curve. The January jobs report was delayed due to the government shutdown, the Bureau of Labor Statistics said. Wells Fargo CFO Mike Santomassimo will speak at UBS’s Financial Services Conference on Feb. 10.
Citigroup stock holds up on deal chatter and rate bets as Wall Street slides

Citigroup stock holds up on deal chatter and rate bets as Wall Street slides

Citigroup shares rose 0.4% to $116.67 in afternoon trading, bucking a broader market drop. The move followed reports Glencore is close to naming Citi as lead bank for possible merger talks with Rio Tinto. The S&P 500 ETF fell 1.4%, while Nasdaq-tracking QQQ slid 2.3%. Investors watched Treasury yield curve bets amid uncertainty over the next Federal Reserve chair.
Goldman Sachs stock slides as Wall Street turns choppy; $2.5 billion bond sale and jobs data in focus

Goldman Sachs stock slides as Wall Street turns choppy; $2.5 billion bond sale and jobs data in focus

Goldman Sachs shares fell 2.3% to $924.72 Tuesday afternoon as financial stocks declined and the S&P 500 slipped. The company disclosed a $2.5 billion subordinated note sale maturing in 2041. The U.S. January jobs report was postponed due to the government shutdown, leaving traders focused on private payroll and services-sector data.
Cadence Bank stock: what CADE shareholders get now that Huntington deal is done

Cadence Bank stock: what CADE shareholders get now that Huntington deal is done

Huntington Bancshares shares rose 2.2% premarket after completing its $7.4 billion all-stock acquisition of Cadence Bank. Each Cadence share was exchanged for 2.475 Huntington shares, valuing Cadence at about $44.25 per share. Huntington issued 462 million shares and absorbed Cadence’s operations and branches. The combined bank will hold $279 billion in assets.
Gold and silver price forecast 2026: banks stick with $6,000 gold as silver re-prices lower

Gold and silver price forecast 2026: banks stick with $6,000 gold as silver re-prices lower

Spot gold jumped 5.3% to $4,913.59 an ounce and silver surged 9% to $86.60 on Tuesday, rebounding after last week’s heavy losses. The U.S. January jobs report will not be released Friday due to a partial government shutdown. CME raised margin requirements, intensifying forced selling Monday. Banks kept 2026 gold forecasts above $6,000 an ounce despite recent volatility.
Hang Seng ends higher but tech slips: HSBC hits a new high as Tencent drags Hong Kong stocks

Hang Seng ends higher but tech slips: HSBC hits a new high as Tencent drags Hong Kong stocks

The Hang Seng Index closed up 0.2% at 26,834 on Tuesday, lifted by bank stocks as tech shares fell. HSBC gained 3.1% while Tencent dropped 2.9%. Retail sales in Hong Kong rose 6.6% in December to $35.0 billion, with online sales up 30.9%. China will raise its VAT on telecom services to 9% in 2026, prompting concerns from major telecom firms.
NatWest share price hits fresh high as buyback update lands and BoE looms

NatWest share price hits fresh high as buyback update lands and BoE looms

NatWest shares rose nearly 1% to a 52-week high in early London trading Tuesday after the bank disclosed a buyback of 795,988 shares on Feb. 2 for cancellation. The FTSE 100 hit a record Monday, lifted by gains in UK banks. Investors are awaiting the Bank of England’s rate decision Thursday and NatWest’s annual results on Feb. 13.
Barclays share price hits fresh 52-week high after buyback ends as BoE, results loom

Barclays share price hits fresh 52-week high after buyback ends as BoE, results loom

Barclays shares touched a 52-week high in early London trading Tuesday, reaching 503.7 pence before settling at 502.3 pence by 08:21 GMT. The bank confirmed it completed a £500 million share buyback, canceling over 107 million shares. Investors await the Bank of England’s Feb. 5 policy decision and Barclays’ full-year results on Feb. 10.
HSBC share price near fresh highs as bank rally builds into key week

HSBC share price near fresh highs as bank rally builds into key week

HSBC shares rose 1.5% to a 52-week high of 1,305 pence Monday, helping the FTSE 100 and STOXX 600 reach record closes. European bank stocks hit their highest since 2008 as investors returned to lenders after early-month volatility. HSBC’s trading volume lagged its 50-day average. Chesnara completed its £260 million purchase of HSBC Life (UK) Limited.
UOB share price today: Singapore bank stock inches up, but traders keep eyes on Feb 24 results

UOB share price today: Singapore bank stock inches up, but traders keep eyes on Feb 24 results

UOB shares rose 0.05% to S$38.42 in Tuesday afternoon trading, staying about 3% below their Jan 23 high. The stock lagged DBS and OCBC, which gained 0.6% and 0.9% respectively. UOB will report full-year results on Feb 24, with investors focused on net interest margin and credit costs. Recent volatility in metals has kept trading subdued.
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Stock Market Today

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

7 February 2026
Caterpillar shares surged 7.1% to $726.20 Friday, driving the Dow above 50,000 for the first time. The move erased recent losses and followed insider selling by Group President Bob De Lange earlier in the week. Deere and CNH Industrial also gained as investors rotated into industrial stocks. Markets await next week’s U.S. jobs and inflation data.
Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

7 February 2026
Amazon shares fell 9% Friday after the company announced plans for $200 billion in 2026 capital spending, mainly for AWS and AI, and issued a first-quarter profit outlook below estimates. The stock drop could erase $200 billion in market value. Fourth-quarter net sales rose 14% to $213.4 billion, while free cash flow declined due to higher spending on AI infrastructure.
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