Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major fina
U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

5 Hot ETFs of a Tumultuous Week

11:01am, Tuesday, 16'th Apr 2024
Overall, ETFs pulled in $24.5 million in capital last week, taking year-to-date inflows to $196.4 billion.
One research firm sees more upside on Wells Fargo in the wake of the latest earnings report. Net interest income is expected to fall this year, but increased fee revenue should make up for it.

4 Top-Performing ETF Areas of Last Week

09:00am, Tuesday, 16'th Apr 2024
There was a growing unease on Wall Street last week, caused by disappointing corporate updates from major banks, reigniting concerns about persistent inflation and the likelihood of sustained elevated
The S&P 500 logs its worst week since October 2023. The beaten-down stocks, having a solid Zacks Rank #2 (Buy), offer a good entry point.
KBW CEO Tom Michaud examines first-quarter bank earnings, including firms' balance sheet advantage over non-banks and the bull case for an acceleration in bank earnings.
There was growing uneasiness on Wall Street last week, caused by disappointing corporate updates from major banks, reigniting concerns about persistent inflation and the likelihood of sustained elevat
Why are young Americans so skeptical about capitalism? In a recent (2022) Pew Research poll, only 40% of 18-to-29 year-olds expressed a positive attitude towards capitalism, and a greater number were
Wells Fargo surpassed earnings estimates in Q4 2023 and Q1 2024, driving a 14.94% stock price increase. Despite regulatory constraints, Wells Fargo remains undervalued, with a fair price of $71.49 and

What We Learned From Big Bank Earnings on Friday

03:45pm, Saturday, 13'th Apr 2024
Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy o

The Q1 Earnings Season Kicks off Positively

05:31pm, Friday, 12'th Apr 2024
The market isn't particularly impressed with what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. Part of the issue appears to be underwhelming guidance, par
Emily Roland, John Hancock co-chief investment strategist, and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk the day's market action.
Wells Fargo CFO Mike Santomassimo discusses the bank's first-quarter earnings report on Bloomberg Television. Wells Fargo earned $12.2 billion in net interest income in the first three months of the y
Sarat Sethi, DCLA managing partner, joins 'Power Lunch' to discuss what the managing partner makes of recent economic performance, what Sethi made of recent bank earnings, and what is changing with eq
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