Fed Rate Hike, Wall Street's Regulatory Headwinds, BRICS Gold Currency Moves: Economic Highlights This Week
Portfolio Pulse from Benzinga Neuro
This week's economic highlights include predictions of a decade-long economic boom driven by AI, an expected Federal Reserve rate hike, potential introduction of a gold-backed currency by BRICS nations, and no signs of an impending recession. Wall Street banks, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc, Wells Fargo & Co., and Morgan Stanley, are preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital they've accumulated over the past decade.
July 30, 2023 | 2:04 pm
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Bank of America Corp. is preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital it has accumulated over the past decade.
The potential regulatory shifts could significantly impact Bank of America's financial stability and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Citigroup Inc. is preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital it has accumulated over the past decade.
The potential regulatory shifts could significantly impact Citigroup's financial stability and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs Group Inc is preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital it has accumulated over the past decade.
The potential regulatory shifts could significantly impact Goldman Sachs' financial stability and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JPMorgan Chase & Co. is preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital it has accumulated over the past decade.
The potential regulatory shifts could significantly impact JPMorgan's financial stability and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley is preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital it has accumulated over the past decade.
The potential regulatory shifts could significantly impact Morgan Stanley's financial stability and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo & Co. is preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital it has accumulated over the past decade.
The potential regulatory shifts could significantly impact Wells Fargo's financial stability and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100