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Wells Fargo & Company (NYSE:WFC) reported fourth-quarter revenue and earnings that came in ahead of expectations as it benefited from the strong economic environment and high interest rates. However,
Stephanie Link, Hightower chief investment strategist and portfolio manager, joins 'Squawk Box' to break down the latest bank quarterly earnings results, impact on stock performance outlook, and more.
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.
Wells Fargo & Co (NYSE: WFC), on January 12th, reported a 9.0% increase in its fourth-quarter net income on the back of a 17% jump in noninterest income. Why is Wells Fargo stock trending down?
Shares of Wells Fargo & Co. WFC, -0.08% dropped 1.8% toward a one-month low after the California-based bank reported fourth-quarter profit that just matched expectations and credit-loss provisions cli
Markets managed to absorb a somewhat hotter-than-expected U.S. consumer inflation reading for December without much drama.
We turn our attention to Q4 earnings season, which picks up steam Friday morning before the opening bell.
Every three months, like clockwork, the earnings roll in. And every three months, the big banks usher in the “official” start of earnings season.

December CPI Hotter-Than-Expected

12:48pm, Thursday, 11'th Jan 2024
The big economic news of this week is finally here: the Consumer Price Index (CPI) for December. Results are decidedly warmer than had been expected on all metrics, but nothing apparently too dire.

CPI Warmer than Expected; Jobless Claims Stay Low

12:02pm, Thursday, 11'th Jan 2024
Core CPI year over year of +3.9% is the first sub-4% print since May 2021.
Chances of a broad-based earnings beat are low-to-moderate as several stocks are experiencing a negative ESP.
Jason Goldberg, Barclays senior equity analyst, joins 'Squawk Box' to preview Friday's big bank earnings results, what it means for the banking sector at large, and more.
'Mad Money' host Jim Cramer talks bank stocks performance in 2023 ahead of earnings.
Barbara Doran, BD8 Capital CEO and Brooke May, Evans May Wealth managing partner, joins 'Closing Bell Overtime' to talk the day's market action.
The Federal Reserve suggested that interest rates might be slashed in 2024. This should stimulate demand for loans, relieve pressure on borrowers, and encourage investment banking activity.
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