The bank hasn't repurchased shares in either of its last two quarters.
Prices continue to soar as September inflation data came in higher than expected earlier this week
"The banks could never pull it off because the Fed kept rates so low that it was hard for them to make money. Now that's over," he said.
Oppenheimer's top markets guru has just cut his year-end price target for the S&P 500 for the second time in three months as one of the most bullish research shops on Wall Street continues to play cat

Company News for Oct 17, 2022

01:38pm, Monday, 17'th Oct 2022 Zacks Investment Research
Companies in The News Are: JPM,UNH,C,WFC

JPMorgan, Citigroup, Wells Fargo and MS are part of Zacks Earnings Preview

12:45pm, Monday, 17'th Oct 2022 Zacks Investment Research
JPMorgan, Citigroup, Wells Fargo and MS are part of Zacks Earnings Preview.
The CNN Money Fear and Greed index showed a rise in the fear level among US investors. US stocks ended lower on Friday, ending a volatile week of trading as investors digested banks earnings and infla
John Heagerty, partner at Atlantic Equities, discusses U.S. bank earnings and how the lenders are preparing for a worsening outlook for the U.S. economy

Market Volatility Rises Following Big Banks Earnings

09:18am, Monday, 17'th Oct 2022 Benzinga
U.S. stocks settled lower on Friday, as investors digested earnings reports from big banks. During the last trading session of the volatile week, equities turned lower following data from the Universi
Labor costs emerge as a top concern for companies as the third-quarter earnings season picks up, according to a FactSet review of conference-call transcripts.
Prices continue to soar as September inflation data came in higher than expected earlier this week

Citigroup Seems Like A Double From Here

05:59am, Saturday, 15'th Oct 2022 Seeking Alpha
Citigroup reported a solid 3rd quarter in a brutal environment. See why investors should take advantage of disconnect between price and value in C stock.
Shares of JPMorgan, Citi and Wells Fargo all advance on earnings but Morgan Stanley loses ground after it falls short of it earnings and revenue targets.
U.S. stocks end sharply lower Friday, erasing early gains that attempted to build on a bounce in the previous session that marked what's been called one of the craziest market days in history.

Can Bank Stocks Maintain the Recent Momentum?

11:13pm, Friday, 14'th Oct 2022 Zacks Investment Research
The market liked what it saw in the quarterly releases from JPMorgan (JPM), Citigroup (C) and even Wells Fargo (WFC) on an otherwise down day for the indexes.
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