Why Are Bank Stocks in the Spotlight Today?

10:29am, Friday, 14'th Oct 2022
Source: Africa Studio / Shutterstock.com Banks stocks are in the news Friday as investors go over various earnings reports from major players in the space. JPMorgan Chase (NYSE: JPM ) is chief among t

Investor Fear Eases Slightly As Dow Jumps Over 800 Points

09:59am, Friday, 14'th Oct 2022 Benzinga
The CNN Money Fear and Greed index showed some easing in the fear level among US investors following the release of inflation data. The Labor Department, on Thursday, reported an 8.2% year-over-year i
Citigroup Inc (NYSE:C) saw its stock move higher in Friday's early deals, up 2.5% to US$44.05, as quarterly financial results were welcomed as ‘better than feared', and, the bank set aside more fund
CNBC's Leslie Picker joins 'Squawk Box' to break down Citigroup's third-quarter earnings results, which topped Wall Street's revenue expectations.
Pre-open movers U.S. stock futures traded lower in early pre-market trade on Friday after closing sharply higher in the previous session. The Dow Jones jumped by more than 800 points in the previous s
Citi said it was winding down its operations and exposure to Russia with plans to end nearly all of its institutional banking services in the country.
Citigroup, The Bank of New York Mellon, Wells Fargo, AmeriServ and Cadence Bank have been highlighted in this Value Investor article.
After a good start to the year the banking sector has underperformed the wider market.
The bank reported $18.51 billion in revenue versus the $18.25 billion expected by analysts, according to Refinitiv. This was up 6% year over year.

Citigroup profit beats target but shares fall

08:12am, Friday, 14'th Oct 2022
Citigroup Inc. c shares dropped 1.3% in premarket trades Friday after the bank posted stronger-than-expected profit, but revenue fell 1% after breaking out divestiture-related impacts, as growth in ne
With US stock futures trading slightly higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Morgan Stanley (NYSE: MS) to report qu
CEO Jane Fraser is trying to turn around the massive bank during a volatile period for markets and the global economy.

Market Volatility Declines Following US Inflation Data

07:44am, Friday, 14'th Oct 2022 Benzinga
U.S. stocks settled sharply higher on Thursday, after an earlier sell-off earlier in the session. Traders digested the consumer prices index, which showed the annual inflation rate in the US easing fo
Bitcoin (CRYPTO: BTC), the world’s most valued cryptocurrency, traded higher, surging sharply above the $19,000 mark this morning. The second-most valued cryptocurrency, Ethereum (CRYPTO: ETH), also

Huge 1500-Point Swing on the Dow After Disappointing CPI

10:18pm, Thursday, 13'th Oct 2022 Zacks Investment Research
S&P 500 52-week lows were hit like a third rail, and markets recoiled the other direction.
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