Latest news for Cullen/Frost Bankers (NYSE:CFRpB) Stock

Cullen/Frost Bankers

Cullen/Frost is a regional us bank with around $50 billion in assets (as of 2023 year-end), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based approach to banking that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through branch openings. The bank's sweet spot is small to medium-size Texas-based commercial clients.

Cullen/Frost Bankers, Inc. Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% non-cumulative perpetual preferred stock, Series B

Cullen/Frost Bankers Inc

RBC Capital analyst Steven Shemesh reiterates Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and maintains $105 price target.

News

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Walmart, Maintains $105 Price Target

WIIM

GEO Group shares are trading higher after Jones Trading maintained a Buy rating on the stock and raised its price target from $32 to $55.

RBC Capital analyst Ben Hendrix maintains Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) with a Sector Perform and raises the price target from $9 to $12.

RBC Capital Maintains Sector Perform on Walgreens Boots Alliance, Raises Price Target to $12

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:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $356,145 and 12, calls, for a total amount of $821,807.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $70.0 for Bank of America over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bank of America's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale activity within a strike price range from $25.0 to $70.0 in the last 30 days. 
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736954137_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$22.4</td>
<td>$22.4</td>
<td>$22.4</td>
<td>$25.00</td>
<td>$224.0K</td>
<td>6.6K</td>
<td>100</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.7</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$50.00</td>
<td>$92.4K</td>
<td>306</td>
<td>1.2K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.91</td>
<td>$0.9</td>
<td>$0.91</td>
<td>$47.50</td>
<td>$85.5K</td>
<td>38</td>
<td>1.1K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.1</td>
<td>$2.01</td>
<td>$2.01</td>
<td>$45.50</td>
<td>$80.3K</td>
<td>5.3K</td>
<td>20</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.54</td>
<td>$1.47</td>
<td>$1.5</td>
<td>$46.00</td>
<td>$75.0K</td>
<td>22.3K</td>
<td>927</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
In light of the recent options history for Bank of America, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Bank of America</h3>
<ul>
<li>Currently trading with a volume of 9,832,355, the BAC's price is up by 3.01%, now at $47.16. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 1 days.</li>
</ul>
<h3>Professional Analyst Ratings for Bank of America</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $54.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS upgraded its action to Buy with a price target of $53. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Bank of America, which currently sits at a price target of $58. 
&#x2A; In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $52. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Bank of America, targeting a price of $54. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Bank of America, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

This Is What Whales Are Betting On Bank of America

Investors with a lot of money to spend have taken a bullish stance on Calumet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CLMT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 20 options trades for Calumet.
This isn't normal.
The overall sentiment of these big-money traders is split between 85% bullish and 0%, bearish.
Out of all of the options we uncovered, 19 are puts, for a total amount of $833,524, and there was 1 call, for a total amount of $35,500.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.0 to $30.0 for Calumet over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Calumet's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Calumet's significant trades, within a strike price range of $17.0 to $30.0, over the past month.
<h3>Calumet Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736954132_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CLMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$12.6</td>
<td>$11.9</td>
<td>$11.64</td>
<td>$30.00</td>
<td>$216.2K</td>
<td>10</td>
<td>185</td>
</tr>
<tr>
<td>CLMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$12.5</td>
<td>$11.8</td>
<td>$11.95</td>
<td>$30.00</td>
<td>$92.2K</td>
<td>10</td>
<td>185</td>
</tr>
<tr>
<td>CLMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$2.1</td>
<td>$1.9</td>
<td>$1.95</td>
<td>$17.00</td>
<td>$48.5K</td>
<td>1.0K</td>
<td>400</td>
</tr>
<tr>
<td>CLMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$1.9</td>
<td>$1.85</td>
<td>$1.86</td>
<td>$17.00</td>
<td>$46.5K</td>
<td>1.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CLMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$3.7</td>
<td>$3.4</td>
<td>$3.55</td>
<td>$25.00</td>
<td>$35.5K</td>
<td>365</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Calumet</h3>
Calumet Inc is a producer of specialty products, including base oils, specialty oils, solvents, esters, and waxes, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company manufactures, formulates, and markets a variety of specialty branded products to customers in various consumer-facing and industrial markets.
<h3>Present Market Standing of Calumet</h3>
<ul>
<li>With a volume of 252,080, the price of CLMT is up 0.47% at $19.05. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Calumet</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $33.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from HC Wainwright &amp; Co. has decided to maintain their Buy rating on Calumet, which currently sits at a price target of $33. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Calumet with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

CLMT

Check Out What Whales Are Doing With CLMT

Investors with a lot of money to spend have taken a bullish stance on Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 23 uncommon options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 34%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $59,534, and 21 are calls, for a total amount of $1,324,105.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $82.5 to $130.0 for Micron Technology over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Micron Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Micron Technology's significant trades, within a strike price range of $82.5 to $130.0, over the past month.
<h3>Micron Technology 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736954126_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/07/25</td>
<td>$4.65</td>
<td>$4.55</td>
<td>$4.61</td>
<td>$102.00</td>
<td>$276.1K</td>
<td>121</td>
<td>640</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$4.9</td>
<td>$4.85</td>
<td>$4.9</td>
<td>$105.00</td>
<td>$108.8K</td>
<td>14.7K</td>
<td>594</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.05</td>
<td>$2.0</td>
<td>$2.03</td>
<td>$100.00</td>
<td>$101.5K</td>
<td>17.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$2.2</td>
<td>$2.14</td>
<td>$2.14</td>
<td>$104.00</td>
<td>$92.8K</td>
<td>746</td>
<td>253</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.65</td>
<td>$5.55</td>
<td>$5.6</td>
<td>$115.00</td>
<td>$83.4K</td>
<td>3.1K</td>
<td>187</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Having examined the options trading patterns of Micron Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Micron Technology Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 4,688,821, the MU's price is up by 4.92%, now at $102.15. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 63 days.</li>
</ul>
<h3>Expert Opinions on Micron Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $123.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Micron Technology, targeting a price of $140. 
&#x2A; Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Micron Technology with a target price of $120. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Micron Technology with a target price of $120. 
&#x2A; Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $110. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $125. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Micron Technology options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Micron Technology's Latest Options Trends

Elon Musk has built his career on disrupting industries, from Tesla's electric vehicles to <a href="https://www.benzinga.com/general/space/25/01/42755343/spacex-hits-new-milestone-in-2024-with-134-launches">SpaceX's rocket launches</a>. But his latest political moves have raised eyebrows – especially from billionaire entrepreneur Mark Cuban.&nbsp;
In a recent <a href="https://www.youtube.com/watch?v=QqDPrv8oFyY">interview</a>, Cuban was open about what he thinks about Musk's alliance with Donald Trump, suggesting that Musk's focus on political influence could come at the expense of Tesla's core audience.
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Musk, who is reportedly <a href="https://www.benzinga.com/news/25/01/42848928/elon-musk-spends-nights-several-hundred-feet-from-trump-in-a-2000-a-night-cottage-at-mar-a-lago">staying in a $2,000-per-night cottage</a> at Trump's Mar-a-Lago estate, now spends his nights just a stone's throw from Trump's main residence. This proximity is obviously about access, as Musk has been attending meetings, helping vet candidates for key government positions and actively shaping Republican strategies.
Cuban pointed out the apparent contradiction: Tesla's customer base is largely composed of environmentally conscious individuals who are unlikely to align with Trump's policies or rhetoric. Musk's decision to lean heavily into Republican politics, Cuban argued, seems to abandon the very audience that helped Tesla rise to prominence.
See Also: <a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a>
Brian Tyler Cohen asked Cuban whether it makes sense for Musk to support a political party that barely acknowledges climate change. As the CEO of an EV company, his consumer base consists mostly of people who care about climate change.&nbsp;
Cuban, who backed Kamala Harris in the recent presidential elections, answered that Musk's influence over Trump could provide unparalleled opportunities to shape policy in his favor.
"Having the power to manipulate the most powerful man in the world is far more valuable than any amount of EV sales from Tesla," Cuban remarked. "Just being able to be the Puppet Master.&#8221;
Trending: According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a>
&#8220;If you&#8217;re the wealthiest person in the world and you have effective control, you&#8217;re the Puppet Master of the president, the most powerful person in the world,&#8221; Cuban continued. &#8220;That&#8217;s about as intoxicating. That is the definition of power corrupts, but absolute power corrupts absolutely."
Musk has long been known for his bold, risky moves, but this foray into Republican politics marks a new chapter. His reported <a href="https://www.benzinga.com/news/24/12/42378550/musk-kicked-in-more-than-a-quarter-billion-dollars-to-trump-and-gop">$277 million contributions</a> to pro-Trump efforts and his hands-on involvement at Mar-a-Lago signal a significant shift in his priorities.
&#8220;Elon is the entrepreneur of our generation and maybe the entrepreneur for the next five generations, we don&#8217;t know, but in terms of his quest for power, that&#8217;s different from being an entrepreneur. You talk about insidious, yes, you see it in Twitter, you see it in his comments, you see his lack of responsibility,&#8221; Cuban said.
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Mark Cuban On Elon Musk Abandoning His 'Core Market': Manipulating The Most Powerful Man In The World Is Worth More Than Tesla's EV Sales

Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) has outperformed the market over the past 10 years by 28.42% on an annualized basis producing an average annual return of 39.77%. Currently, Arista Networks has a market capitalization of $146.66 billion. 
Buying $1000 In ANET: If an investor had bought $1000 of ANET stock 10 years ago, it would be worth $28,451.50 today based on a price of $116.42 for ANET at the time of writing.
<h3>Arista Networks's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736954108_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ANET

If You Invested $1000 In This Stock 10 Years Ago, You Would Have This Much Today

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FITB

Shares of banking and financial services stocks are trading higher following strong bank earnings.

PDYN

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Red Cat and Palladyne AI shares are trading higher after completing their first autonomous flight of teal drones.

Scotiabank analyst Ovais Habib maintains Orla Mining (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OLA#TSX">OLA</a>) with a Sector Outperform and raises the price target from C$7.75 to C$8.75.

TSX:OLA

Scotiabank Maintains Sector Outperform on Orla Mining, Raises Price Target to C$8.75

U.S. stocks were higher, with the Dow Jones index gaining over 650 points on Wednesday.
Shares of Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and <a href="https://www.benzinga.com/news/buybacks/25/01/43002760/citigroup-q4-earnings-12-topline-growth-2-9-billion-net-income-20-billion-share-buyback-gains-in-wealth-and-market-segments">announced a $20 billion buyback</a>.
Citigroup reported a fourth-quarter fiscal 2024 revenue growth of 12% year-over-year to $19.58 billion, beating the analyst consensus of $19.48 billion. Excluding Argentina's currency devaluation and divestiture-related impacts, revenues are up 7%. GAAP EPS of $1.34 beat the analyst consensus estimate of $1.22.
Citigroup shares jumped 5.8% to $77.76 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares jumped 31.5% to $9.77. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>D-Wave Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NASDAQ">QBTS</a>) gained 26% to $5.97. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) rose 22.7% to $36.23. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares climbed 20% to $10.70. Shares of quantum companies traded higher after Microsoft issued a statement to its business customers to get &#8220;quantum ready&#8221; and Nvidia announced its first ever quantum day event.</li>
<li>The Shyft Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) gained 17.9% to $12.43. The Shyft Group issued supplemental information reinforcing significant value creation potential of proposed merger with Aebi Schmidt. DA Davidson analyst Michael Shlisky upgraded Shyft Group from Neutral to Buy.</li>
<li>Compass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) gained 15% to $6.41 after the company raised its FY24 guidance.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares rose 11.6% to $14.28.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) shares jumped 10.9% to $63.21.</li>
<li>Millicom International Cellular S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGO#NASDAQ">TIGO</a>) climbed 10.2% to $27.13 after the company announced new shareholder remuneration policy.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 8.6% to $45.38.</li>
<li>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) rose 6% to $605.61 following strong quarterly results.</li>
<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) gained 5.8% to $75.33 following upbeat earnings.</li>
<li>The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) rose 5.7% to $80.31 following better-than-expected fourth-quarter financial results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/01/43001667/top-2-consumer-stocks-that-may-plunge-this-month">Top 2 Consumer Stocks That May Plunge This Month</a></li>
</ul>

Intraday Update

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SHYF

SOUN

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Citigroup Posts Upbeat Results, Joins Goldman Sachs, Wells Fargo, Bank of New York Mellon And Other Big Stocks Moving Higher On Wednesday

ACHR

Archer Aviation Option Alert: Jan 24 $9.5 Calls Sweep (11) Near The Ask: 980 @ $0.411 vs 998 OI; Earnings 2/24 After Close [est] Ref=$8.9682

Goldman Sachs analyst Richard Ramsden maintains Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) with a Sell and lowers the price target from $51 to $44.

Goldman Sachs Maintains Sell on Lazard, Lowers Price Target to $44

RIBBU

Trading Halt: Halt status updated at 10:10:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Scotiabank analyst Ovais Habib maintains OceanaGold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OGC#TSX">OGC</a>) with a Sector Outperform and raises the price target from C$6 to C$6.25.

TSX:OGC

Scotiabank Maintains Sector Outperform on OceanaGold, Raises Price Target to C$6.25

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TeraWulf Option Alert: Mar 21 $11 Calls Sweep (21) Near The Ask: 1500 @ $0.19 vs 9834 OI; Ref=$6.125

CERT

Certara shares are trading higher after the company provided Q4 and FY24 revenue and adjusted EBITDA guidance.

<a href="https://www.reuters.com/world/us/trumps-new-sec-leadership-poised-kick-start-crypto-overhaul-sources-say-2025-01-15/">https://www.reuters.com/world/us/trumps-new-sec-leadership-poised-kick-start-crypto-overhaul-sources-say-2025-01-15/</a>
&nbsp;
<ul>
<li>Republicans Peirce and Uyeda to kick off crypto changes</li>
<li>Pair are weighing freezing some enforcement actions</li>
<li>Expected to call for feedback on potential new regulations</li>
</ul>
WASHINGTON, Jan 15 (Reuters) - Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency's <a href="https://www.reuters.com/legal/legalindustry/crypto-litigation-brought-against-sec-implications-new-administration-2025-01-10/">cryptocurrency policies</a> potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter.
Among the measures commissioners Hester Peirce and Mark Uyeda are weighing are initiating the process that would ultimately lead to guidance or rules clarifying when the agency <a href="https://www.reuters.com/technology/what-makes-crypto-asset-security-us-2023-07-14/">considers a cryptocurrency to be a security</a>, and reviewing some crypto enforcement cases pending in the courts, two of the people said.
Paul Atkins, Trump's crypto-friendly pick for SEC chair and former agency commissioner, is widely expected to <a href="https://www.reuters.com/sustainability/boards-policy-regulation/crypto-industry-pushes-policy-sea-change-after-trump-victory-2024-11-14/">end a crypto crackdown</a> led by President Biden's Democratic SEC chair Gary Gensler, but it is unclear when the Senate will confirm him.
Gensler <a href="https://www.reuters.com/world/us/us-sec-chief-gensler-step-down-jan-20-2024-11-21/">has said he will step down</a> on Jan. 20 when Trump is sworn in.
As of next week, Peirce and Uyeda will hold the majority among the agency's politically-appointed commissioners and are poised to get the ball rolling in the interim, the people said.
Like Atkins, the pair are crypto enthusiasts who have criticized Gensler's tough stance on the industry and have in the past floated alternative crypto-friendly initiatives.
Peirce and Uyeda were aides to Atkins when he was at the SEC from 2002 to 2008 and the three have a good relationship, according to one of the sources and several other former SEC officials. The three have discussed potential crypto policy changes, said the sources who declined to be identified discussing private policy plans.
Peirce, Atkins and their representatives did not respond to requests for comment. A spokesperson for Uyeda did not respond to a request for comment.
Worried about fraud and market manipulation, Gensler's SEC brought at <a href="https://www.sec.gov/newsroom/press-releases/2021-125">least 83 crypto-related enforcement actions, opens new tab</a>, suing multiple prominent companies like Coinbase <a href="https://www.reuters.com/markets/companies/COIN.O">(COIN.O), opens new tab</a> and Kraken, agency data shows. In many cases, the SEC argued crypto tokens behave like securities and that the companies and their products should comply with SEC rules, although some allege fraud.
&nbsp;
In the first few days of the new administration, the SEC is expected to begin a review of those court cases and potentially freeze some litigation that does not involve allegations of fraud, said two of the sources. Some of those cases could eventually be withdrawn.
Many of those defendants argue cryptocurrencies are more like commodities than securities and that it is not clear when SEC rules apply. They have called for the SEC to write new regulations which would clarify when a token is a security.
Peirce and Uyeda are expected to kick off the early stages of that rule-writing process, likely with a call for industry and public feedback, the two sources said.
Reuters and others have <a href="https://www.reuters.com/sustainability/boards-policy-regulation/crypto-industry-pushes-policy-sea-change-after-trump-victory-2024-11-14/">previously reported</a> that the SEC is also likely to quickly rescind accounting guidance that has made it prohibitively costly for some listed companies to hold crypto tokens on behalf of third parties.
Trump, <a href="https://www.reuters.com/world/us/trump-republicans-court-crypto-votes-dollars-bitcoin-2024-2024-07-25/">who courted crypto campaign cash</a> with pledges to be a "crypto president," is <a href="https://www.reuters.com/technology/us-crypto-industry-eyes-possible-day-one-trump-executive-orders-2024-12-23/">also expected to issue executive orders</a> urging regulators to review their crypto policies, Reuters reported.
Bitcoin <a href="https://www.reuters.com/technology/bitcoin-tops-100000-optimism-over-trump-crypto-plans-2024-12-05/">soared past $100,000 for the first time</a> in December on excitement over the new crypto-friendly administration.
<h2>'HELD ACCOUNTABLE'</h2>
Still, even with a head start, reaching an agreement on crypto regulations could take months or longer, as could resolving complex enforcement actions that hinge on the definition of a security.
Dismissing dozens of enforcement actions would be unprecedented, and could set a risky precedent by politicizing the enforcement process, said Philip Moustakis, partner at Seward &amp; Kissel and former SEC attorney.
In some cases, the court may object, said other lawyers.
One option for the agency would be to re-open settlement negotiations, said Robert Cohen, a partner at Davis Polk who previously worked in the SEC's enforcement division.
Settlement talks, aimed at averting lengthy and public litigation, are the norm, but crypto companies say the SEC under Gensler has been unwilling to engage in substantive discussions.
Cohen added the new SEC leadership would likely continue to take a tough line on crypto fraud.
"I think the industry wants to see fraudsters or wrongdoers held accountable," he added.

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'Trump's New SEC Leadership Poised To Kick Start Crypto Overhaul, Sources Say' - Reuters News

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