"We reiterate our overweight recommendation on the sector and would use any large selloff as an opportunity to add risk," Goldman Sachs said.
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the crisis at Silicon Valley Bank will ultimately benefit the largest banks. "Guess where the deposits are goi
JPMorgan, Bank of America, Wells Fargo and Morgan Stanley saw $55 billion wiped off their combined market capitalization on Thursday.
Mike Mayo, Wells Fargo senior bank analyst, joins 'Closing Bell' to discuss the big bank sell-off.
Hightower Advisors' Stephanie Link joins 'Closing Bell' to discuss pain in small caps, the health of the banking sector and mortgage exposure in banking.
"This adds to concerns of higher deposit costs, weakening loan demand, potentially weakening credit cycle and weakness in commercial real estate."
U.S. companies posted 7.6% dividend growth in 2022. Rising interest rates may send investors scrambling for yield this year.

Why Dana Stock Was in a Tailspin This Week

09:24am, Friday, 24'th Feb 2023
The company posts a dispiriting earnings report, and analysts pile on with modest (but meaningful) price target cuts.
Bridgewater Associates, the fund formerly run by Ray Dalio, has more than $235 billion in assets under management.
CNBC's Hugh Son reports on news from Wells Fargo.
Some Wells Fargo bankers were successful enough last year to be flown to a resort in Palm Desert, California, for a company-sponsored conference this month.
Wells Fargo is preparing to launch a digital platform offering clients tools for wealth management.
CEO Charlie Scharf has highlighted wealth management as one source of growth for the company, along with credit cards and investment banking.
Wells Fargo has disclosed it's under investigation over its handling of electronic communication records, the latest salvo by Wall Street's regulators to crack down on the use of tools like WhatsApp.

Wells Fargo: Short-Term Outlook Is Mixed

11:47am, Monday, 20'th Feb 2023
Wells Fargo was a long-term favorite of Warren Buffett, but he recently sold all his shares after holding shares for nearly 33 years. Wells Fargo's earnings report was strong as consumer and credit ca
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