- Bank of America, Goldman Sachs, Citigroup, and Charles Schwab all posted better-than-expected third-quarter earnings. Bank of America rose 3%, Goldman Sachs gained over 2%, Citigroup added 1.7%, and Charles Schwab surged 7%. Strong trading, investment banking, and wealth advisory results boosted their performance.
- Nvidia is now the second-most valuable U.S. company with a $3.4 trillion market cap, just behind Apple. Its stock hit a record high, rising 2.4%, as Wall Street anticipates strong earnings. Shares are up nearly 180% this year.
- Tokyo Metro’s IPO raised 348.6b yen, priced at 1,200 yen per share, and is seen as a potential boost for the Japanese market. As China faces a slowdown, Japan and India are compensating with increased market activity, positioning Japan as an attractive listing destination in the region.
