Market Overview - The US stock market experienced a significant decline, with the Dow Jones Industrial Average dropping 669.42 points (1.34%) to close at 49,451.98 points, the Nasdaq Composite falling 469.32 points (2.03%) to 22,597.15 points, and the S&P 500 decreasing by 108.71 points (1.57%) to 6,832.76 points [1][2][3] Market Sentiment - Over 4,100 stocks declined, indicating widespread market panic as investors rushed to sell assets, particularly in the tech and growth sectors. The VIX index surged, reflecting heightened risk aversion [2][3] Sector Performance - The sell-off affected nearly all sectors, with notable declines in precious metals and semiconductor stocks. The precious metals sector saw significant drops, with gold futures down 3.08% and silver futures plummeting 10.62% [4][5][6][8] - The Philadelphia Semiconductor Index fell by 2.5%, with individual stocks like AEHR Test Systems down 17.58% and Intel down over 3% [8][10] Major Companies - Apple Inc. experienced a substantial drop of 5.00%, resulting in a market cap loss of over $120 billion, attributed partly to regulatory concerns [12] - Other major tech companies also faced declines, with Tesla down 1.62%, Amazon down 2.20%, and Meta Platforms down nearly 3% [12] Financial Sector - Bank stocks fell across the board, with JPMorgan Chase down over 2%, Goldman Sachs down over 4%, and Citigroup down over 5%, driven by concerns over AI disrupting traditional wealth management [13][14] Economic Indicators - Recent economic data, including a drop in initial jobless claims and lower-than-expected existing home sales, contributed to market anxiety about potential economic overheating and prolonged high interest rates [24][25][26] Global Market Impact - The sell-off in the US markets had a ripple effect on global markets, with European indices also closing lower after initially opening higher, indicating a widespread sentiment of fear [18][19][20] AI Concerns - The market's decline was exacerbated by fears regarding the disruptive impact of AI technologies on various industries, leading to significant stock price drops in sectors perceived to be at risk [21][22][30] Storage Chip Sector - In contrast to the overall market trend, storage chip stocks saw gains, with companies like SanDisk and Seagate Technology rising significantly, reflecting a belief that AI's growth will increase demand for data storage [29]

By Katherine Doherty   Bank of America Corp. raised Chief Executive Officer Brian Moynihan’s pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers.  The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, “consistent with prior years,” along with equity incentive awards totaling $39.5 million, according to a regulatory filing Friday. A year ago, Moynihan’s compensation was increased 21 per cent ...

Core Insights - Citigroup has submitted its 13F holdings report to the SEC for the fourth quarter ending December 31, 2025, indicating a portfolio primarily focused on U.S. stocks and ETFs, with some allocation to options and debt instruments [1][2]. Holdings Summary - The largest holding in Citigroup's portfolio is NVIDIA (NVDA), accounting for 3.04% of the total [1][2]. - The second-largest holding is the SPDR S&P 500 ETF (SPY), representing 2.56% of the portfolio [1][2]. - Microsoft (MSFT) ranks third with a 2.53% allocation [1][2]. - Other significant positions include iShares Russell 2000 Index ETF put options (IWM) at 2.05% and Tesla (TSLA) put options at 2.02% [1][2]. New Positions - Citigroup has added several debt and convertible securities in Q4, including positions in Evercore Energy (EVRG), Snowflake (SNOW), Nutanix (NTNX), Align Technology (ALGN), Mara Holdings (MARA), and IonQ Inc (IONQ), with individual additions generally ranging from 5 million to 13 million shares [3]. - A notable new position is in the energy company Total (TTE), with approximately 6.86 million shares valued at about $448 million, representing 0.20% of the portfolio [3]. Exits and Reductions - Citigroup has completely exited several small-cap and illiquid stocks, primarily in healthcare, consumer discretionary, finance, and industrial sectors, including MHUAF, REVB, KEQU, BYFC, CSWC, RDI, and RAIN, reducing these holdings to zero [4][5]. - The firm has significantly reduced its positions in financial stocks, notably decreasing its stake in Bank of America (BAC) by approximately 29.29 million shares, a reduction of 54.86%, lowering its portfolio share from 1.23% to 0.59% [8][9]. Increases in Holdings - Citigroup has notably increased its holdings in the Consumer Staples ETF (XLP), raising its position by approximately 17.63 million shares, increasing its portfolio share from 0.18% to 0.78% [6][7]. - The firm has also significantly increased its positions in various debt and preferred securities, including Akamai (AKAM), JD.com (JD), CMS Energy (CMS), JetBlue Airways (JBLU), and others, with increases generally in the range of 7 million to 12 million shares [6][7]. Summary of Changes - Citigroup has made substantial reductions in options positions, including a 42.31% decrease in iShares iBoxx High Yield Bond ETF put options (HYG) and a reduction of over 90% in the industrial sector ETF put options (XLI) [8][9].

Core Insights - Maverick Capital Ltd. established long positions in Google C, Applied Materials, Boston Scientific, Visa, and Camden Property during the fourth quarter [1] - The firm increased its holdings in TSMC, NVIDIA, GFL Environment, and Carvana [1] - Maverick Capital completely exited positions in Kenvue, US Bancorp, AMD, Danaher, and Insmed [1] - The company reduced its stakes in Nubank, Disney, Merit Medical, Acadia Health, and Sherwin-Williams [1] - The firm maintains significant positions in NVIDIA, Microsoft, Amazon, TSMC, and Google C [1]

Core Viewpoint - Bank of America Corp. has raised CEO Brian Moynihan's total compensation to $41 million for 2025, despite the bank's stock performance lagging behind its peers, even as profits improved [1]. Compensation Details - Moynihan's compensation package includes a base salary of $1.5 million and equity incentive awards totaling $39.5 million, with no cash bonus, consistent with previous years [2]. - Last year, Moynihan's pay was increased by 21% to $35 million following a boost in the bank's earnings [2]. Financial Performance - In 2024, Bank of America reported a net income of $30.5 billion, reflecting a 13.1% increase from the previous year [3]. - The bank is focused on revenue growth while managing expenses, utilizing technology and artificial intelligence to control costs [3]. Leadership and Future Plans - Moynihan, who has been CEO for 16 years, has expressed interest in continuing his role for the foreseeable future [4]. - Under his leadership, the bank has set new financial targets aimed at improving shareholder value and managing spending effectively [5]. Industry Comparison - In comparison, other major banks have also increased their CEOs' compensations, with JPMorgan Chase's Jamie Dimon receiving $43 million (up 10.3%), Goldman Sachs' David Solomon at $47 million (up 21%), and Morgan Stanley's Ted Pick at $45 million (up 32%) [6].

Bank of America raised CEO Brian Moynihan’s pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers. https://t.co/1VzWhPsqDY ...

Core Viewpoint - Bank of America has approved a total compensation of $41 million for CEO Brian Moynihan for 2025, marking a more than 17.1% increase from the previous year [1]. Compensation Details - The compensation package includes a base salary of $1.5 million, with the remainder consisting of equity incentives [1]. - In 2024, Moynihan's total compensation was $35 million [1]. Industry Context - This compensation increase follows similar hikes for top executives at rival firms such as Wells Fargo, Citigroup, and JPMorgan Chase [1]. - The adjustments in compensation come as Wall Street anticipates a strong year for dealmaking while managing complex relationships with the government [1].

美国银行将首席执行官MOYNIHAN的薪酬提高至4100万美元。 来源：滚动播报 ...

Whales with a lot of money to spend have taken a noticeably bearish stance on Bank of America.Looking at options history for Bank of America (NYSE:BAC) we detected 41 trades.If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 48% with bearish.From the overall spotted trades, 17 are puts, for a total amount of $900,431 and 24, calls, for a total amount of $1,599,497.Predicted Price RangeBased on the trading activity, it app ...

US bank regulators move closer to proposing new 'Basel' rules for large banks | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The skyline of lower Manhattan is seen before sunrise in New York City, U.S., July 17, 2019. REUTERS/Brendan McDermid [Purchase Licensing Rights, opens new tab]WASHINGTON, Feb 13 (Reuters) - U.S. bank regulators appear to be moving closer to proposing a new version of the so-called "Basel endgame" rules dict ...