Donald Trump’s statements about the “vital need” for the United States to take the island under its control became a “trigger” for a sharp rise in the value of shares of companies whose business is associated with Greenland, writes RBC with reference to the Financial Times.
As examples, data on several key stocks are given. Thus, securities of the largest bank in Greenland Grønlandsbanken have grown by 34% since the beginning of 2026. Shares of Critical Metals, a U.S. company that mines rare metals in southern Greenland, have risen 103% on NASDAQ over the same period. Shares of another bank that operates in Greenland, Føroya Banki, are trading near record highs.
Stock analysts see the surge in shares of Greenland-related companies as a sign of a rally in “meme stocks”. This is the name given to stocks whose quotations are purposefully boosted by private investors without reference to business fundamentals.
Some analysts believe that the deal, under which the U.S. could buy part of Greenland and the entire island and invest in its economy, could support local financial institutions and other companies, adds the FT.
