D.A. Davidson Enhances Financial Institutions Research Coverage with Senior Analyst Hire

NEW YORK–(BUSINESS WIRE)–Dec 9, 2025–

D.A. Davidson is pleased to announce that Jake Civiello has joined the Equity Capital Markets Institutional Equities team as Senior Analyst, focusing on small- and mid-cap publicly traded companies in the financial institutions sector.

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Civiello brings nearly 25 years of professional experience to his new role, including two decades as a sell-side research analyst at RBC Capital Markets and Janney Montgomery Scott, where he specialized in small- and mid-cap publicly traded companies.

“Jake’s extensive experience with financial institutions and proven success as a research analyst will significantly broaden our coverage and enhance the depth of our market insights,” said Rory McKinney, President of Equity Capital Markets at D.A. Davidson. “He will partner closely with our existing Financial Institutions coverage, FIG-focused specialty sales and trading team, as well as the entire ECM platform to provide best-in-class service to our institutional clients.”

“I’m excited to join D.A. Davidson’s Equity Capital Markets team and contribute to its strong tradition of client-focused research,” said Civiello. “I look forward to working with the team to deliver thoughtful insights on small- and mid-cap financial institutions.”

With a senior team of approximately 20 research analysts that cover over 500 public and private companies, D.A. Davidson & Co.’s Equity Capital Markets group provides a full-service platform offering expertise to middle-market companies across four industries of focus: consumer, diversified industrials, financial institutions, and technology. D.A. Davidson is widely recognized for providing timely investment ideas supported by insightful analysis to institutional clients.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.

For more information, visit dadavidson.com.

WASHINGTON (AP) — President Donald Trump will road-test his claims that he’s tackling Americans’ affordability woes at a Tuesday rally in Mount Pocono, Pennsylvania — shifting an argument made in Oval Office appearances and social media posts to a campaign-style event.

The trip comes as polling consistently shows that public trust in Trump’s economic leadership has faltered. Following dismal results for Republicans in last month’s off-cycle elections, the White House has sought to convince voters that the economy will emerge stronger next year and that any anxieties over inflation have nothing to do with Trump.

The president has consistently blamed his predecessor, Democrat Joe Biden, for inflation even as his own aggressive implementation of policies has pushed up prices that had been settling down after spiking in 2022 to a four-decade high. Inflation began to accelerate after Trump announced his sweeping “Liberation Day” tariffs in April. Companies warned that the import taxes could be passed along to consumers in the form of higher prices and reduced hiring, yet Trump continues to insist that inflation has faded.

“We’re bringing prices way down,” Trump said at the White House on Monday. “You can call it ‘affordability’ or anything you want — but the Democrats caused the affordability problem, and we’re the ones that are fixing it.”

The president’s reception in the county hosting his Tuesday rally could give a signal of just how much voters trust his claims. Monroe County flipped to Trump in the 2024 election after having backed Biden in 2020, helping the Republican to win the swing state of Pennsylvania and return to the White House after a four-year hiatus.

As home to the Pocono Mountains, the county has largely relied on tourism for skiing, hiking, hunting and other activities as a source of jobs. Its proximity to New York City — under two hours by car — has also attracted people seeking more affordable housing.

It’s also an area that could help decide control of the House in next year’s midterm elections.

Trump is holding his rally in a congressional district held by freshman Republican Rep. Rob Bresnahan, who is a top target of Democrats and won his 2024 race by about 1.5 percentage points, among the nation’s closest. Scranton Mayor Paige Cognetti, a Democrat, is running for the nomination to challenge him.

White House chief of staff Susie Wiles said on the online conservative talk show “The Mom View” that Trump would be on the “campaign trail” next year to engage supporters who otherwise might sit out a congressional race.

Wiles, who helped manage Trump’s 2024 campaign, said most administrations try to localize midterm elections and keep the president out of the race, but she intends to do the opposite of that.

“We’re actually going to turn that on its head,” Wiles said, “and put him on the ballot because so many of those low-propensity voters are Trump voters.”

Wiles added, “So I haven’t quite broken it to him yet, but he’s going to campaign like it’s 2024 again.”

Trump has said he’s giving consumers relief by relaxing fuel efficiency standards for autos and signing agreements to reduce list prices on prescription drugs.

Trump has also advocated for cuts to the Federal Reserve’s benchmark interest rate — which influences the supply of money in the U.S. economy. He argues that would reduce the cost of mortgages and auto loans, although critics warn that cuts of the scale sought by Trump could instead worsen inflation.

The U.S. economy has shown signs of resilience with the stock market up this year and overall growth looking solid for the third quarter. But many Americans see the prices of housing, groceries, education, electricity and other basic needs as swallowing up their incomes, a dynamic that the Trump administration has said it expects to fade next year with more investments in artificial intelligence and manufacturing.

Since the elections in November when Democrats won key races with a focus on kitchen table issues, Trump has often dismissed the concerns about prices as a “hoax” and a “con job” to suggest that he bears no responsibility for inflation, even though he campaigned on his ability to quickly bring down prices. Just 33% of U.S. adults approve of Trump’s handling of the economy, according to a November survey by The Associated Press-NORC Center for Public Affairs Research.

Levy reported from Harrisburg, Pennsylvania.