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DBS Gr Hldgs

DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 365 billion as of 2023.

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HSBC Holdings PLC (NYSE: HSBC) is reportedly set to acquire the China consumer wealth management business of Citigroup Inc (NYSE: C).

HSBC To Buy Citigroup&#39;s China Consumer Wealth Management Business

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Citigroup Inc (NYSE: C) is reportedly considering separating one of the largest divisions, Institutional Clients Group (ICG), into several businesses.

Citigroup CEO To Split Its Biggest Division To Gain More Control: Report

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Jack Ma&#39;s Ant Digital Bank Expands In Singapore By Sweetening Its Loan Offerings

DBS GROUP HLDGS LTD ORD by DBS Group Holdings Ltd.

DBS Group Holdings Ltd

DBS Group Holdings reports Q1 results

DBS Group Holdings Ltd (DBSDF) Q1 2024 Earnings Call Transcript

Analysts have been eager to weigh in on the Financial sector with new ratings on DBS Group Holdings (DBSDF – Research Report), Golub Capital Bdc (G...

Analysts' Opinions Are Mixed on These Financial Stocks: DBS Group Holdings (OtherDBSDF), Golub Capital Bdc (GBDC) and Nasdaq (NDAQ)

DBS Group Holdings (SG:D05) has released an update. DBS Group Holdings has announced the appointment of Eugene Huang as their new Chief Information...

DBS Group Hires New CIO with Global Tech Experience

DBS Group Q1 Was Another Home Run

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Finding stocks to buy now is essential in today&rsquo;s changing financial markets to maximize portfolios and take advantage of upcoming trends. When choosing these stocks, it&rsquo;s important to investigate the market dynamics and strategic elements that make particular stocks excellent investment options. Understanding these dynamics may help investors handle technology developments, industry-specific growth prospects, and economic swings better. Here, the main factors that make these equities appealing are highlighted rather than the specific firms themselves.&nbsp;



Indeed, a company&rsquo;s valuation growth trajectory is majorly based on factors. These include financial health, strategic relationships, and technical breakthroughs. Concentrating on stocks with these positive characteristics can earn significant gains. Three stocks are prime examples of companies prospering because of their market flexibility, tech leadership, and solid financial performance.



Therefore, these companies are selected for their potential to deliver substantial price gains linked to advancements in cutting-edge processors, sophisticated semiconductor manufacturing, or innovative financial solutions. Act now, or risk regretting it forever&mdash;these are the stocks to buy before it&rsquo;s too late.



<h2>Advanced Micro Devices (AMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/amdstock1600-300x169.png" alt="Close up of AMD sign in Markham, Ontario, Canada. Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) is a leader in high-performance semiconductor chips. By forming strategic alliances with top tech companies, AMD has increased market penetration and expanded the acceptance of <a href="https://ir.amd.com/news-events/press-releases/detail/1192/amd-reports-first-quarter-2024-financial-results">its product portfolio</a>. Because of partnerships with vital tech industry leads the company&rsquo;s solutions can be rapidly integrated into various platforms and systems.



Additionally, considerable enterprise adoption momentum&nbsp;is reflected&nbsp;in AMD&rsquo;s EPYC processor&rsquo;s power installations with&nbsp;<a href="https://ir.amd.com/news-events/press-releases/detail/1192/amd-reports-first-quarter-2024-financial-results" target="_blank">major&nbsp;companies</a>, including American Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/aal-stock-quote/">AAL</a>), DBS (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dbsdf-stock-quote/">DBSDF</a>), Shell (NYSE:<a href="https://investorplace.com/stock-quotes/shel-stock-quote/">SHEL</a>), and STMicro (NYSE:<a href="https://investorplace.com/stock-quotes/stm-stock-quote/">STM</a>). AMD&rsquo;s product line has been an element for the top-line boost in several markets, including its Instinct GPUs and EPYC CPUs. In less than two quarters, the Instinct MI300X GPU&mdash;dubbed the fastest-rising product in AMD history&mdash;has exceeded&nbsp;<a href="https://seekingalpha.com/article/4687823-advanced-micro-devices-inc-amd-q1-2024-earnings-call-transcript?source=content_type%3Areact%7Csection%3ATranscripts%7Csection_asset%3ATranscripts%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A4" target="_blank">$1 billion in cumulative sales</a>.&nbsp;



In short, AMD&rsquo;s solid strategic alliances in the AI and data center markets result in higher sales of advanced CPUs and GPUs, earning its stock a spot on the stocks to buy now list.



<h2>Taiwan Semiconductor Manufacturing (TSM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/tsm-stock-1-300x169.jpg" alt="image of TSM semiconductor office building"><div>Source: Sundry Photography / Shutterstock.com</div></div>As a leading manufacturer of semiconductors worldwide, Taiwan Semiconductor Manufacturing (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>) focuses on cutting-edge process technology. The company&rsquo;s 3-nanometer and 5-nanometer advanced process technologies are in great demand and greatly increase the company&rsquo;s income. Process technology based on 3 nanometers accounted for&nbsp;<a href="https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2024-04/e19914dd320b6386af51d5ed27fa5c51af9c441e/1Q24EarningsRelease.pdf" target="_blank">9% of wafer sales</a>&nbsp;in the first quarter. Additionally, 5-nanometer and 7-nanometer accounted for 37% and 19%, respectively. Advanced technologies, classified as 7-nanometer and smaller, constituted 65% of the entire top-line generated by wafers.&nbsp;



Moreover, the market demand for these cutting-edge technologies highlights TSM&rsquo;s technological competence and product demand.&nbsp;This&nbsp;is especially true in&nbsp;<a href="https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2024-04/e19914dd320b6386af51d5ed27fa5c51af9c441e/1Q24EarningsRelease.pdf" target="_blank">high-performance computing</a>&nbsp;(HPC) and AI-related applications. With income coming from various platforms, TSM has a&nbsp;<a href="https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2024-04/34ff75e23e53246302ce3a8d90d0423c57c6b120/TSMC%201Q24%20Transcript.pdf" target="_blank">broad revenue base</a>. These include Data Center Enterprise (DCE), smartphones, IoT, automobiles, and HPC. Hence, the rise in revenue contribution from HPC and IoT platforms indicates TSM&rsquo;s flexibility in responding to changing market conditions and its ability to serve a wide range of clientele.



In summary, because of its technological leadership at nodes like 3-nanometer and 5-nanometer, TSM can capture the chip demands for AI and advanced applications. With that, TSM remains one of the&nbsp;major&nbsp;stocks to buy now in the semiconductor industry.&nbsp;



<h2>Block (SQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/sq-1600-300x169.jpg" alt="Block logo over a background with former square logo. SQ stock."><div>Source: Sergei Elagin / Shutterstock</div></div>Block (NYSE:<a href="https://investorplace.com/stock-quotes/sq-stock-quote/">SQ</a>) is a leader in financial services, offering Bitcoin-related products and digital payment solutions. The company derived a $2.09 billion gross profit in Q1 2024, a considerable&nbsp;<a href="https://s29.q4cdn.com/628966176/files/doc_financials/2024/q1/Shareholder-Letter_1Q24_Block.pdf" target="_blank">rise of 22%</a>&nbsp;over Q1 2023. The stable increase in gross profit demonstrates the business&rsquo;s capacity to bring money from a sizable market for its offerings, including Bitcoin-related goods and services.&nbsp;



Moreover, Block&rsquo;s adjusted EBITDA nearly doubled from Q1 2023 to $705 million. Similarly, adjusted operating income reached $364 million, a&nbsp;<a target="_blank" href="https://s29.q4cdn.com/628966176/files/doc_financials/2024/q1/Shareholder-Letter_1Q24_Block.pdf">seven-fold increase</a>&nbsp;over the previous year. Adjusted EBITDA and operating income have increased significantly.&nbsp;This&nbsp;indicates the company&rsquo;s efficient operations and successful cost-control measures.&nbsp;



Further, In Q1, Cash App&rsquo;s gross profit came to<a href="https://s29.q4cdn.com/628966176/files/doc_financials/2024/q1/1Q24_Prepared-Remarks-from-Earnings-Call_Block.pdf" target="_blank">&nbsp;$1.26 billion</a>, a 25% rise from the previous year. The significant increase highlights how crucial it is to Block&rsquo;s income stream. Overall, Block&rsquo;s sharp financial results include a notable increase in gross profit attributed to its Cash App.&nbsp;This&nbsp;makes the stock an appealing option for stocks to buy now in fintech.



As of this writing, Yiannis Zourmpanos held long positions in AMD and TSM. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/dont-say-you-werent-warned-3-stocks-to-buy-now-or-regret-forever/">Don&#8217;t Say You Weren&#8217;t Warned: 3 Stocks to Buy Now or Regret Forever</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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HSBC Holdings PLC&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) is reportedly set to acquire the China consumer wealth management business of&nbsp;Citigroup Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>).

The deal will also include attaining &quot;a few hundred&quot; of Citi&#39;s China-based employees.&nbsp;

The deal&#39;s financial details were not immediately known and will be announced as soon as next month, Reuters said.

Citigroup&#39;s China consumer wealth management business manages over $3 billion in assets and will likely expand HSBC&#39;s presence in China&#39;s $3.94 trillion fund management market.

Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33216959/hsbc-expands-green-finance-and-bond-teams-in-china-amid-geopolitical-uncertainties" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HSBC Expands Green Finance and Bond Teams in China Amid Geopolitical Uncertainties</a>

Earlier In May, HSBC reportedly headed to buy out its China fund management joint venture, HSBC Jintrust Fund Management,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/05/32262799/hsbc-inks-pact-to-take-over-china-fund-management-joint-venture-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">in which it owns a 49% stake</a>.

On the other hand, Citigroup is also reportedly aiming to sell some of its portfolios for winding down its China retail banking business and exit consumer franchises across Asia, Europe, the Middle East, Africa, and Mexico.

Last month, Citigroup closed the sale and full migration of its Taiwan consumer businesses to&nbsp;DBS Group Holdings Ltd&nbsp;(OTCPK: DBSDF) (OTCPK: DBSDY), expected to drive a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/08/33957298/citigroup-ceo-to-split-its-biggest-division-to-gain-more-control-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">capital benefit of about $1.2 billion</a>.

Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34542460/citigroups-organizational-restructure-ceo-shakes-up-higher-executive-ranks" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Citigroup&#39;s Organizational Restructure: CEO Shakes Up Higher Executive Ranks</a>&nbsp;

Price Action: HSBC shares are trading higher by 0.64% at $39.40, while Citigroup shares are up 0.37% at $40.62 premarket on the last check Thursday.

HSBC To Buy Citigroup's China Consumer Wealth Management Business

Citigroup Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is reportedly considering separating one of the largest divisions, Institutional Clients Group (ICG), into several businesses.

CEO Jane Fraser plans to split the division into three primary business segments: investment and corporate banking, global markets, and transaction services, reported&nbsp;<a class="editor-rtfLink" href="https://www.ft.com/content/c8349012-5cbf-4434-9486-9a8f0e22d6b3" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Financial Times</a>.&nbsp;

The separated units would be run by their current heads and will report to Fraser.&nbsp;

As per the report, the proposed plan is expected to give Fraser more direct control over the operations.

ICG, which generated&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/07/b33229633/citigroup-reports-second-quarter-2023-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">revenue of around $10.4 billion in Q2 FY23&nbsp;</a>(accounting for over 50% of total revenues), offers financial services to institutional investors and governments.

As per the report, the transaction will be the bank&#39;s most significant shake-up of its corporate structure in nearly 15 years.

The move follows the bank&#39;s announcement of the departure of Paco Ybarra, ICG head, by the middle of next year.

The report noted that no final decision had been made and that the plan is one of several options under consideration.

Last week, Citigroup&nbsp;<a class="editor-rtfLink" href="https://www.citigroup.com/global/news/press-release/2023/citi-completes-sale-of-taiwan-consumer-businesses-to-dbs" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">closed&nbsp;</a>the sale and full migration of its Taiwan consumer businesses to&nbsp;DBS Group Holdings Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DBSDF#OTC">DBSDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DBSDY#OTC">DBSDY</a>), expected to drive capital benefit of about $1.2 billion.&nbsp;

Price Action: Citigroup shares are trading higher by 0.33% at $42.39 premarket on the last check Monday.

<ul>
	<li>Alibaba Group Holding Limited&#39;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) fintech affiliate&nbsp;Ant Group Co&#39;s&nbsp;Singapore digital wholesale bank will start offering<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/11/b29537750/anext-bank-launches-new-industry-initiative-to-scale-financial-inclusion-for-smes" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&nbsp;loans to small and medium-sized businesses</a>.</li>
	<li>ANEXT Bank, which started its services in June, said it would give smaller companies loans ranging from S$5,000 ($3,530) to S$100,000.&nbsp;</li>
	<li>Customers can apply for ANEXT Bank&#39;s loans via IN Financial Technologies and Bizmann System.&nbsp;</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28433964/jack-mas-ant-backed-indonesian-digital-wallet-firm-raises-250m-from-alibaba-and-others-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Jack Ma&#39;s Ant-Backed Indonesian Digital Wallet Firm Raises $250M From Alibaba And Others: Report</a></li>
	<li>Ant accelerated digital bank operations in Southeast Asia, replicating strategies in China that catapulted its fintech operations to becoming the country&#39;s most extensive, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-11-03/ant-digital-bank-expands-in-singapore-with-small-business-loans?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>.</li>
	<li>The move could help Ant diversify its business and generate growth&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/06/27559397/alibabas-sister-company-ant-sets-up-digital-bank-in-singapore-in-big-overseas-push-amid-regulatory-b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">amid regulatory headwinds at home</a>.</li>
	<li>Jack Ma&nbsp;founded fintech significantly marks its foray into an arena dominated by traditional incumbents, including&nbsp;DBS Group Holdings Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DBSDF#OTC">DBSDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DBSDY#OTC">DBSDY</a>) and Oversea-Chinese Banking Corp.</li>
	<li>Compared with credit offered by traditional banks, Ant&#39;s ANEXTBank Loan baseline product doesn&#39;t require collateral.&nbsp;</li>
	<li>For the credit of S$30,000 and below, ANEXT Bank waived off documental formalities. The interest rate will start from 6.8% per annum.</li>
	<li>Ant was one of two groups to bag a wholesale digital banking license in December 2020, to serve smaller firms and other non-retail segments.&nbsp;</li>
	<li>ANEXT Bank&#39;s dual-currency deposit service went live in August. Ant also started offering a service known as Alipay+ D-store.&nbsp;</li>
	<li>Ant Group promised to help four Asian e-wallets expand into South Korea with its cross-border payment service Alipay+, as&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/29002736/alibaba-affiliate-becomes-instrumental-in-south-koreas-digital-wallet-push" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">travel restrictions ease across Asia</a>.</li>
	<li>Price Action:&nbsp;BABA shares traded lower by 1.89% at $63.48 in the premarket on the last check Thursday.</li>
</ul>

Jack Ma's Ant Digital Bank Expands In Singapore By Sweetening Its Loan Offerings

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