Joe Wallace

The U.S. isn't the only big economy chugging along as interest rates begin to fall. The U.K. is doing just fine, too—if Lloyds Banking's quarterly results are any guide. Lloyds, a bellwether for the U.K. economy as its biggest mortgage lender, reported £1.8 billion ($2.3 billion) in pre-tax quarter

HSBC said a plan to divide eastern and western operations has nothing to do with getting ready to break up the bank either for commercial reasons or if U.S. relations with China collapse. “This does not signal in any way preparation or intention to split the group,” Chief Executive Georges Elhedery told reporters Tuesday, when HSBC reported third-quarter profits that topped analyst estimates. HSBC’s competitive advantage lies in straddling the globe, Elhedery added.

Societe Generale, Europe’s weakest major bank after the demise of Credit Suisse, is showing signs of revival. Shares jumped almost 8% after the French lender reported a burst of profit and overhauled its executive team Thursday. SocGen said net profit rose to 1.37 billion euros ($1.48 billion) in t

Until recently, SocGen has suffered from perennially weak profitability. The bank said Thursday it had nabbed Leopoldo Alvear, chief financial officer at Spain’s Banco de Sabadell, to become its finance chief, part of a broader management shakeup. Sabadell, which is fending off a hostile takeover from Spanish rival BBVA, itself reported higher profits than analysts expected, but shares slipped in Madrid.

↗️ Trump Media & Technology (DJT): Shares of Donald Trump's social-media company [rocketed in premarket trading](https://www.wsj/livecoverage/stock-market-today-fed-meeting-dow-nasdaq-sp500-live-11-06-2024/card/djt-stock-surges-as-donald-trump-lo

Shares of the biggest U.S. lenders, JPMorgan, Bank of America, Wells Fargo and Citigroup, all rose 5% or more in premarket trading on the prospects for lighter-touch regulation and higher interest income under a Donald Trump administration. Shares of investment banks Goldman Sachs and Morgan Stanley also jumped, as did those of regional lenders including PNC Financial Services and credit-card issuer Capital One.

Shares of the biggest U.S. lenders, JPMorgan, Bank of America, Wells Fargo and Citigroup, all leapt on the prospects for lighter-touch regulation and higher interest income under a Donald Trump administration. Shares of investment banks Goldman Sachs and Morgan Stanley also jumped. So did those of regional lenders including PNC Financial Services and credit-card issuer Capital One.

↗️ Coinbase (COIN), MicroStrategy (MSTR) and Robinhood (HOOD): Crypto-sensitive stocks jumped in premarket trading, after bitcoin prices surged

↗️ Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA) and Robinhood (HOOD): Crypto-sensitive stocks jumped in premarket trading, after bitcoin prices surged past $82,000, amid a frenzy in digital-asset markets following Donald Trump's election.

🔎 Tesla (TSLA): President-elect Donald Trump plans to nix a $7,500 tax credit for electric-vehicle purchases, Reuters reported. Shares of Elon Musk's EV company inched lower in premarket trading. ↗️ Palantir Technologies (PLTR): The tech company said it would move its listing to the Nasdaq from the New York Stock Exchange, and expects to be eligible for the Nasdaq-100 index.