Tag: NYSE:WFC
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Big Banks Reports, Stocks Mixed, MGM Resorts to Build Japan’s First Casino
Big Banks Reports, Stocks Mixed During earnings season, big banks like JPMorgan (NYSE:JP) reported record quarterly revenue, leading to a rally in bank shares with over 6% gain. However, CEO Jamie Dimon warned of potential impact from recent financial turmoil on lending. Stocks were mixed, with the S&P 500 (SPI:SP500) and Dow Jones Industrial Average…
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Wall Street Highlights: JPMorgan, Wells Fargo, PNC, UnitedHealth and more
Main subjects of the day Dow Jones futures gained traction in premarket trading on Friday as investors received the first batch of corporate earnings from major banks with stronger-than-expected results. At 10.09 am EST, futures contracts linked to the Dow Jones added 37 points, or 0.11%. S&P 500 futures were flat, and Nasdaq-100 futures were…
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Apple’s Production Shift to India, Decline in Customer Deposits, Investors Reluctant towards Risky Debt
European Equities and Inflation Data European equities rose along with US equity futures on Thursday as investors analyzed inflation data and comments from policymakers to determine the future direction of global central bank rate hikes. The Stoxx Europe 600 Index (STOXX:SSXP) posted a modest gain after a member of the European Central Bank’s Governing Council…
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Bitcoin Surpasses $30,000 Milestone, Banks to Reveal Significant Withdrawals
US Stocks Rebound After Easter After a dip at the opening, US stocks rebounded as markets reopened from the Easter weekend. Investors were cautious about potential interest rate rises from the Federal Reserve. The S&P 500 (SPI:SP500) closed slightly higher, while the Nasdaq Composite ended the day flat after an early drop. Bitcoin Surpasses $30,000…
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Investors Flock to Cash, Bond Market Rally Concerns
Minor Gains in European Markets European stocks experienced minor gains on Friday, as traders remained on the lookout for the potential impact of higher interest rates on inflation. The Stoxx 600 (STOXX:SSXP), which covers the entire region, experienced a 0.3% increase after eurozone inflation fell more than anticipated and is on course to finish the…
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Global Deal-Making Slows, Ford’s Battery Investment, Wells Fargo Sanctions Fine
US Shares Rise On Thursday, US shares rose, taking Europe’s lead, as investors assessed the future path of monetary policy following weeks of turmoil for banks on both sides of the Atlantic. Wall Street’s benchmark S&P 500 (SPI:SP500) rose 0.6%, with all industries advancing except for financials. JPMorgan (NYSE:JP) and Morgan Stanley (NYSE:MS) both lost…
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Market News: SVP Crisis, FirstGroup Raises Profit Guidance, BP CEO’s Pay Doubles, Disney+ to Raise Prices
SVB Financial Group Seeks Fresh Capital SVB Financial Group has seen shares drop 44% to $58.91 in premarket trading on Friday as it rushes to raise fresh capital. The sell-off comes after the company revealed it would book a $1.8 billion after-tax loss on sales of investments and seek to raise $2.25 billion by selling…