Bank of America said BGC Group is in a good position, thanks in part to the return of President Donald Trump to the White House. Analyst Eli Abboud initiated coverage of the financial stock at a buy rating. Abboud’s $16 price target suggests shares can surge 79.8% from Monday’s close. One core component of Abboud’s call is that he sees BGC as the “most overlooked Trump trade in diversified financials.” Notably, he said the trading offerings from BGC — including the new FMX Futures Exchange — should benefit under the Trump administration’s preference for deregulation. “Despite BGC trading down post-election, we think an eased regulatory backdrop significantly accelerates FMX Futures’ ramp while the new administration’s agenda (bank deregulation, deficit spending, foreign policy) benefits trading volumes,” Abboud wrote to clients. Beyond Trump, there’s two other tenants to Abboud’s take. First, Abboud said he’s bullish on the company’s new FMX exchange and called rates futures trading a $2 billion opportunity that’s “ripe for disruption.” As the company modernizes futures trading, he said it can win market share from CME Group . On top of that, Abboud said the stock is the No. 1 play for the energy transition, with the highest exposure to these types of products within coverage. Because of that, he said the company will get a boost from tailwinds such as rising electricity demand and a move away from oil and coal. Growth in environmental markets should also be beneficial, the analyst said. BGC shares popped 2.3% before the bell on Tuesday. The stock has slipped 1.8% in 2025 after jumping more than 25% in the prior year. BGC 1Y mountain BGC, 1-year
