Yahoo Finance Live anchors Brian Cheung, Brian Sozzi and Julie Hyman discuss quarterly earnings for Wells Fargo and Citigroup.
Pre-open movers U.S. stock futures traded higher in early pre-market trade on Thursday after closing mixed in the previous session. Investors are awaiting earnings results from Citigroup Inc. (NYSE:
Wells Fargo (WFC) delivered earnings and revenue surprises of -3.90% and 2.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Citigroup Inc. on Friday delivered better-than-expected profit and revenue but its earnings still fell along with Wells Fargo & Co. amid more difficult market conditions than a year ago.
Profit in the latest second quarter at Wells Fargo totaled $3.1 billion, down 48% from the year-ago quarter.
The CNN Money Fear and Greed index showed that the US equity markets remained in the "extreme fear" zone on Friday, following the release of inflation data on Thursday. What Happened: Producer prices
Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Squawk Box' to breakdown BlackRock and Wells Fargo earnings reports.
With the US stock futures trading slightly higher this morning on Tuesday ahead of earnings reports from big banks, some of the stocks that may grab investor focus today are as follows: Wall Street e
U.S. stock index futures eked out gains on Friday as investors braced for retail sales data, while Wells Fargo became the third major U.S. bank to report disappointing earnings.
Wells Fargo is the most mortgage-dependent of the six biggest U.S. banks. Sharply higher interest rates are expected to curtail purchase and refinance activity.

Wells Fargo revenue falls short, shares drop

07:03am, Friday, 15'th Jul 2022
Wells Fargo & Co. WFC, -0.84% shares fell 3.5% in premarket trades Friday after it said its second-quarter net income declined to $3.12 billion, or 74 cents a share, from $6.04 billion, or $1.38 a sha
(Reuters) -Wells Fargo & Co reported a fall in second-quarter profit on Friday as the bank set aside more money to cover loans that could sour if the U.S. pandemic recovery gives way to a recession.

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Considering the Dow had sunk more than -600 points early this session, we'll still count it as a near-win.
"For many groups, this bear market's simply about working off the excesses of the past two years," the "Mad Money" host said.
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